Private activity bonds

The odds of non-housing projects receiving private activity bond funding in California are slimmer as state officials focus on its housing crisis.

The Build Back Better Act contains provisions that could help states finance additional affordable homes.

The new tax-exempt private activity bond categories for broadband and carbon capture projects are designed to avoid straining state volume cap.

By lowering the amount of private activity bonds needed to finance low-income housing, the provision would free up PABs volume for other projects.

CDFA is advocating for a holistic solution from Congress to address private activity bond challenges.

The growing P3 sector would enjoy a boost across many markets, including rural broadband, under P3-friendly provisions in the bipartisan infrastructure bill.

Cheered by the inclusion of key muni market priorities in tax legislation unveiled over the weekend, muni market advocates must now battle to keep them there.

Adovactes are hopeful a provision cutting in half the required PAB-financing for low-income housing projects will be in the upcoming reconciliation package.

The House's powerful speaker will need to win the votes of moderates.

The legislation passed the Senate by 69-30 setting the stage for House lawmakers to work on it and for Senate Democrats to weigh a social infrastructure agenda.