Yesterday morning’s breakfast panel on Private Activity Bonds (PABs) in New York was a great success. Over 50 professionals from the housing and finance sectors came together to hear more about our report, Pump Up the Volume: Recommendations to Improve the Allocation of Private Activity Bonds to Better Support Housing in New York State.
The CHPC study is the first to examine how PABs are used in New York State, thanks to data provided by government agencies and to public records on bond issues. The study highlights the importance of PABs for housing development despite a bond allocation process which does not guarantee any allocations to housing agencies.
We would like to thank our Moderator, Richard Roberts, and our panelists, Joan Tally, Marvin Markus, and Richard Gerwitz who all spoke expertly on the subject. We would also like to thank Citibank for sponsoring.