The Department of Transportation's Build America Bureau is soliciting applications until May 10 for grants intended to help state and local governments assess whether any of their assets would be viable for monetization in a...more
As housing costs have risen in the first part of the 21st century, American households have struggled to compete for high-quality housing near areas of employment in major cities, suburbs, exurbs and rural areas (especially...more
In our latest episode, Public Policy Practice Group Leader Jeremy Kudon and Justin Cooper, Finance Sector Leader and a member of our Public Finance practice, spoke with California Senate Majority Leader Bob Hertzberg about...more
The following is a high-level summary of key components of the “Infrastructure Investment and Jobs Act” that will meaningfully impact the infrastructure / public-private partnership (“P3”), renewable energy and public finance...more
The global market for credit is estimated to be more than $200 trillion, approximately three times larger in aggregate than the global equity market. It consists of bank loans, sovereign and sub-sovereign debt, corporate...more
3/17/2020
/ China ,
CMBS ,
Coronavirus/COVID-19 ,
Corporate Bonds ,
Crisis Management ,
Debt Instruments ,
Economic Downturn ,
Equity Markets ,
Federal Reserve ,
Financial Crisis ,
Financial Markets ,
Financial Stimulus ,
Infectious Diseases ,
Interest Rate Adjustments ,
Loans ,
Public Health ,
Relief Measures ,
RMBS ,
Trump Administration
In December 2017, two proposed state constitutional initiatives were submitted to the California Attorney General concerning the scope and approval process for certain state and local taxes and fees. ...more
California Assembly Bill 1598 (Mullin) (“AB 1598”), signed into law by the Governor on October 13, 2017, authorizes cities and counties to create new affordable housing authorities for the purpose of financing low- and...more
California Senate Bill 231 (Hertzberg) (“SB 231”), signed into law by the Governor on October 6, 2017, is intended to provide local governments with increased flexibility when imposing or increasing property related fees and...more
10/26/2017
/ Fees ,
Groundwater Management Plan ,
Homeowners ,
Infrastructure ,
New Legislation ,
Public Finance ,
Real Estate Market ,
State Agencies ,
State and Local Government ,
Storm Water ,
Surface Water
As the senior population continues to grow, so does the need for housing built specifically for seniors, such as multifamily senior apartments, continuing care retirement communities, independent living and assisted living...more
Last week, the IRS released proposed regulations (“Proposed Regulations”) relating to the so-called TEFRA public notice and approval requirement for private activity bonds. In general, the Proposed Regulations make it easier...more
The purpose of this pamphlet, part of our Public Finance Green Book Series, is to assist conduit issuers in identifying issues and setting up policies and procedures related to their tax-exempt bond programs and their...more
For a number of years, the IRS Office of Tax-Exempt Bonds ("TEB") has expressed concerns about potential tax abuses that may exist in what it has characterized as "developer-driven deals" involving the use of tax-exempt...more
IRC Section 142(d) requires operators of qualified residential rental properties to file Form 8703, Annual Certification of a Residential Rental Project annually. A number of recent audits of multifamily housing bonds appear...more
This client alert discusses some of the more significant changes that could affect issuers and borrowers in connection with awards of volume cap if the proposed regulations were adopted in their current form.
The...more
10/20/2016
/ Bonds ,
Construction Industry ,
Contractors ,
Filing Fees ,
HUD ,
Joint Powers Agencies (JPAs) ,
Policies and Procedures ,
Rental Property ,
Residential Real Estate Market ,
Rural Areas ,
Tax Allocation Agreements ,
Tax Credits ,
TEFRA