Housing advocates press Ways and Means for private activity bonds

Housing advocates are pressing the House Committee on Ways and Means to pass long-simmering legislation that includes expanding the use of private activity bonds to support affordable housing efforts. “We remain hopeful there will be legislation in the lame duck session of Congress to enact these sorely-needed proposals, which would increase the housing credit allocation and lower the bond financing threshold required for certain types of housing credit developments," said Emily Cadik, CEO of the Affordable Housing Tax Credit Coalition.?

Municipal finance professionals are preparing for an important election in November. Follow The Bond Buyer's coverage of 2024 election developments.

Months after Minnesota's second-largest healthcare employer was downgraded by two rating agencies, the Minnesota Nurses Association is taking aim at the management of Minneapolis-based Allina Health. The union, without citing examples of why, says the not-for-profit hospital operator has too much debt.?

From politics to disclosure to funding, the changing climate challenges muni issuers. Learn more in our Climate Spotlight 2024 package.

Utah’s Intermountain Power Agency will wrap up financing for its transition to cleaner fuels with a $114.6 million power supply revenue bond sale next week. The deal comes after state lawmakers in June amended a 2024 law to keep Utah’s largest coal-fired power plant in operation to address IPA’s concerns it would put nearly $2 billion of bonds it issued in 2022 and 2023 in jeopardy.

Watch what the municipal bond industry’s innovators and influencers are saying in our Leaders series of video interviews. Check out our lineup of future live interviews and archived conversations.

The Hampton County School District in Varnville, South Carolina has won its dispute with the Internal Revenue Service over the tax-exempt status of its Series 2010 $14 million general obligation bonds, preserving its tax-exempt status and incurring no fines.

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A little-noticed new program in Ohio's capital budget is drawing attention after a nonprofit advocacy group called its grants to religious groups unconstitutional . Rebecca Markert, vice president and legal director at Americans United for Separation of Church and State, said the organization is focusing mainly on the K-12 religious school earmarks "because of the relationship between these grants and the state private school voucher program." If any of the church funding is used for religious worship or instruction, "we would consider investigating that as well," she said.

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