S&P Director Warns Against Cuts to Public Housing Funds

Hume, Lynn
May 2006
Bond Buyer;5/24/2006, Vol. 356 Issue 32389, p5
Trade Publication
The article reports that Wendy Dolber, a managing director at Standard & Poor's, warned lawmakers that the credit ratings of certain public housing authority bonds could be jeopardized if the U.S. Congress continues to reduce the amount of capital funds that it appropriates for these authorities. At a hearing on the public housing market that was held by the House Government Reform Committee's subcommittee on federalism and the census, Dolber said that the capital funds, which are provided to public housing authorities under the Department of Housing and Urban Development's capital fund modernization program, are used to back tax-exempt bonds.


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