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The notion of channeling federal dollars devoted to infrastructure improvement into affordable housing including office conversions located near mass transit is picking up steam. Quantifying the possibilities and costs offered by the concept remains elusive but recent research is revealing new possibilities.  “We end up concluding something on the order of 10% of the existing

States would suffer deep cuts in water infrastructure funding they receive through state revolving funds, which make up a significant corner of the municipal bond market, under a bill passed Friday by the U.S. House of Representatives. The fiscal 2024 Department of the Interior, Environment, and Related Agencies appropriations measure, House Bill 4821, totals $37.4

Washington is banking on its high credit ratings and strong demand on previous sales as it heads to market Tuesday with a $483 million competitive refunding.  The bonds will be auctioned in two series: $296.550 million various purpose general obligation refunding bonds, Series R-2024A and $186.225 million motor vehicle fuel tax and vehicle-related fees GO

While municipal bond issuance has dropped precipitously the past two years amid volatile markets, environmental, social and governance debt has steadily grown despite issuer hesitation to designate it as such and an ever-more acrimonious political environment emerges over it. ESG issuance for the first three quarters of 2023 was at $27.970 billion, potentially on pace

A Pennsylvania company that operates three nursing homes is in default, and it’s a familiar story: staff shortages and a large slump in occupancy in the aftermath of the pandemic. Senior Choice Inc. failed to make interest and principal payments due Oct. 31 on its $15.9 million bond issued in 2006 by the Cambria County

Quickly rising demand for energy in Georgia has left a major state power provider searching for additional sources of electricity to meet growing near-term needs, all while keeping in mind carbon-zero commitments. Just a little over a year after Georgia Power released its Integrated Resources Plan, a blueprint for meeting power demand through 2030 and

Municipals were firmer Wednesday but underperformed a U.S. Treasury rally after the Fed held rates steady. Equities rallied as well. The municipal market was up “a touch” after the Fed announced it would keep rates unchanged at their November meeting, according to Michael Pietronico, chief executive officer at Miller Tabak Asset Management. Commenting on the

A bankrupt Iowa hospital could ultimately end up in the hands of the University of Iowa, which submitted the winning bid in a reopened auction last week.  A hearing on Mercy Hospital’s sale to the university is scheduled for Monday in U.S. Bankruptcy Court in Cedar Rapids. Mercy Hospital in Iowa City filed a Chapter