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By Shappell, Brian | Publication: Business Credit | Filed In: Insolvency & Bankruptcy Courts and Law Courts & Tribunals
[ILLUSTRATION OMITTED] The biggest wave of business bankruptcies may be over (key words here are "may be," pending the economy's trajectory), but that's not to say the courts will be devoid of with...
Business Journal
By Collins, Daniel P.McFarlin, Michael | Publication: Futures (Cedar Falls, Iowa) | Filed In: Recession and Economic Conditions
Last year proved to be difficult to describe. The economy didn't experience a double-dip recession as some had feared, though recovery is too strong a word to describe it. The Eurozone did not...
Business Journal
Byline: Julie Ann Grimm Santa Fe voters who have already made up their minds about the municipal election or who will be out of town on election day may begin to cast ballots...
Business Journal
The power and water desalination complexes in Oman are the biggest users of energy, mainly natural gas. Consumption by the expanding utilities sector is to rise rapidly, estimated at the rate of 9%...
Business Journal
By Simmons, Christopher Laird | Publication: Send2Press Newswire | Filed In: Scholarships & Grants and Student Expenses & Financing
PETERSBURG, Va., Jan. 30, 2012 (SEND2PRESS NEWSWIRE) -- Most Americans don't consider prisons when lamenting scholarship reductions at their local college or higher taxes on gas when filling up at the pump. Maybe...
Business Journal
By Winzelberg, David | Publication: Long Island Business News | Filed In: Zoning and Zoning & Land Use Planning
Throughout most of the 1900s, building was welcomed on Long Island. With thousands moving east from the city, communities grew exponentially and construction boomed. Ambitious developers turned vacant fields into neighborhoods and small...
Business Journal
By Starzee, Bernadette | Publication: Long Island Business News | Filed In: Pets and Animals & Society
Public-nonprofit partnership to build homes for 60 vets Concern for Independent Living was awarded more than $12 million to develop 60 units of housing in Amityville for homeless veterans and their families. The...
Business Journal
By Miller, Amanda | Publication: The Colorado Springs Business Journal | Filed In: Mortgage Loans and Mortgage Banking & Finance
The number of mortgage loans paid off, an indicator of real estate market health, fell 6.4 percent statewide from 2010 to 2011. However, the number of loan payoffs rose from the third to...
Business Journal
By Muller, David | Publication: New Orleans CityBusiness | Filed In: Low Cost Housing Schemes and Housing Assistance
Declining interest from Hurricane Katrina evacuees who have yet to return to New Orleans doesn't mean there's less need for the 1,500 housing units being built in the 27.5-acre footprint of the Lafitte...
Business Journal
By Knakal, Bob | Publication: Real Estate Weekly | Filed In: Office Property and Commercial Property
Q) Were you surprised that the National Association of Realtors amended their housing data very substantially over a four year period recently? A) It was surprising to see the NAR change their statistics,...
Business Journal
MayerMeinberg LLP, formed earlier this year by the merger of two of the region's most respected accounting firms, Mayer & Company LLP and Feldman, Meinberg & Co. LLP, has merged another Long Island...
Business Journal
Rafael E. Cestero, former Commissioner of the New York City Department of Housing Preservation and Development, has been named by the Community Preservation Corporation (CPC) Board of Directors to serve as President and...
Business Journal
State and city officials have announced the opening of the $16 million Vicinitas Hall supportive housing development in the Bronx. Located at 507 East 176th Street in the East Tremont section, Vicinitas Hall...
Business Journal
By Simmons, Christopher Laird | Publication: Send2Press Newswire | Filed In: Musical Theater and Theater
NEW YORK, N.Y., Jan. 24, 2012 (SEND2PRESS NEWSWIRE) -- What happens when a global superpower imposes its social conventions and political practices on a smaller, less "civilized" nation? "Utopia Limited," Gilbert & Sullivan's...
Business Journal
Section 45D.-New Markets Tax Credit 26 CFR 1.45D-I: New markets tax credit. DEPARTMENT OF TREASURY Internal Revenue Service 26 CFR Part 1 Targeted Populations Under Section 45D(e)(2) AGENCY: Internal Revenue Service (IRS), Treasury....
Business Journal
Iowa Low-Income Housing Credit Disaster Relief The Internal Revenue Service is suspending certain requirements under § 42 of the Internal Revenue Code for low-income housing credit projects to provide emergency housing relief needed...
Business Journal
By Schouten, Cory | Publication: Indianapolis Business Journal | Filed In: Office Property and Commercial Property
The chief of staff to Gov. Mitch Daniels, Earl A. Goode, bought a residential lot from the real estate broker John M. Bales about two years after an agency led by Goode awarded...
Business Journal
Publication: Business Wire | Filed In: Residential Construction and Construction
NEW YORK -- The stage seems set for some mild improvement for U.S. housing industry metrics in 2012, according to Fitch Ratings, which will host a teleconference this morning at 11:00 a.m. ET....
Press Release
One Car One Difference([R]) national car donation campaign to provide critical funding to RMHC in Florida, Kentucky, North Dakota, Ohio and West Virginia WESTCHESTER, Ill. -- Insurance Auto Auctions, Inc. (IAA), the leading...
Press Release
LONG BEACH, Calif. -- HCP (NYSE:HCP) announced that it has commenced a public offering of senior unsecured notes pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. HCP...
Press Release

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Business Glossary

Definitions for: public housing authority bond
public housing authority bond

obligation of local public housing agencies, which is centrally marketed through competitive sealed-bid auctions conducted by the U.S. Department of Housing and Urban Development (HUD). These obligations are secured by an agreement between HUD and the local housing agency that provides that the federal government will loan the local authority a sufficient amount of money to pay principal and interest to maturity.

The proceeds of such bonds provide low-rent housing through new construction, rehabilitation of existing buildings, purchases from private builders or developers, and leasing from private owners. Under special provisions, low income families may also purchase such housing.

The interest on such bonds is exempt from federal income taxes and may also be exempt from state and local income taxes.

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