The Trou­bled Hous­ing Be­hind a Muni Bond

Pub­lic Fi­nance ▶ Af­ter fed­eral sub­si­dies are cut off, in­vestors see a big loss ▶ Tax-free bonds for pri­vately run groups are “a peren­nial prob­lem”

Bloomberg Businessweek (North America) - - Markets/Finance -

At the War­ren and Tu­lane apart­ments in Mem­phis, in­spec­tions have found roach in­fes­ta­tions, bro­ken win­dows, buck­ling ceil­ings, and miss­ing or dam­aged ap­pli­ances. “It’s ap­palling,” says Jes­sica John­son-peter­son, who’s lived at the War­ren apart­ments with her hus­band and chil­dren since 2009. “We have to jump through ex­treme

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