Good read! Am I correct in putting this in the "municipal bonds, but better/different" column?
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Replying to @jennyaction1 reply 0 retweets 0 likes
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Replying to @zhionny74
I am not sure how I feel about this after reading the abstract, but going to give it the benefit of the doubt because of the messenger.
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Replying to @jennyaction
Just FYI I haven’t actually read it - it’s on my list (which is pretty aspirational tbh)
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Replying to @zhionny74 @jennyaction
Refis by
@federalreserve at 0% interest (or less) and reopening the Municipal Liquidity Facility at below-market/zero/subzero rates for direct lending would be fantastic1 reply 0 retweets 1 like -
Replying to @mkink @zhionny74 and
Refis of public debt? Not a solution for NYCHA which currently isn’t leveraged at all, right?
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Replying to @ceaweaver @zhionny74 and
Refis of existing debt would create a whole lot of breathing room in the City and State budgets, to be spent to top priorities like NYCHA and other housing https://acrecampaigns.org/research_post/cancelwallstreet/ …pic.twitter.com/49Su1Mp2ay
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Replying to @mkink @zhionny74 and
But refi of what? Existing public debt?City level? Wouldn’t have to refi everything AND THEN get Adams to dedicate 100% of the savings to NYCHA, and then you might have 1-2% of the total need for the PHA. (3B per acre screen shot) 1/
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Replying to @ceaweaver @mkink and
We’re kinda debating if NYCHA should be allowed fund itself w bond revenue (currently it is not) and it seems to me the answer has to be yes…. 2/2
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Replying to @ceaweaver @mkink and
That would be terrible for NYCHA tenants. I recall I was once called to litigate for a coop which defaulted on its mortgage and was deconverted. Terrible. Also, I am politically opposed to saddling the working class with debt. Become a CLT instead.
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The trust is basically a CLT
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Replying to @ceaweaver @mkink and
Anything in that direction is wiser as a policy choice
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