Munis

A provision in the tax bill passed by the House of Representatives would only intensify the housing crunch by crippling affordable housing construction, developers and local government officials say.

The elimination of private activity bonds “would throw gasoline on a housing shortage," said John Chiang, California's treasurer.

The District of Columbia transaction may have potential on a national level.

A 15-bill housing package includes $4 billion in bonds.

Multifamily housing bond issuance more than doubled in 2016 to $14 billion.

Laura Whittall-Scherfee will direct a California agency that finances affordable housing.