Affordable housing bonds

State officials are set to grant a private-equity firm building a passenger train to Las Vegas the ability to issue tax-exempt bonds, while requests for using the funding for affordable housing go by the wayside.

A development partnership is positioned to start building a low-income housing tower in Pawaa later this year following a recent tentative endorsement by the state of Hawaii to finance the $89 million project.

The deal, issued through the California Housing Finance Agency, is the first multifamily tax-exempt deal to qualify for the GSE's Green Rewards program.

Next week's $500 million taxable revenue bond deal is backed by a 1% surcharge on annual incomes higher than $1 million.

The housing bond measure, the largest of its kind in San Francisco's history, comes as the ballooning wage inequality has sent the city's homeless population skyrocketing 17% over the last two years.

Austin's record-breaking $250 million affordable housing bond appeared to be on its way to approval late Tuesday.

Under the Federal Housing Finance Agency's plan, small Home Loan banks would face a new housing benchmark and a volume threshold for meeting the goals would be eliminated.

The District of Columbia Housing Finance Agency priced $74.5 million of tax-exempt bonds.

Thirty states told the Council of Development Finance Agencies they issued mortgage revenue bonds in 2017 compared to only 18 that issued mortgage credit certificates.