{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Spring Street Brief","title":"Episode 150: Tax-Exempt CMBS Breaks Into Affordable Housing Finance","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/1dc15684\"></iframe>","width":"100%","height":180,"duration":247,"description":"A $153 million tax-exempt affordable housing CMBS deal — eight times oversubscribed with $1.2 billion in orders — signals that private-label, tax-exempt commercial mortgage-backed securities are moving into the mainstream of affordable housing finance. For LIHTC developers, syndicators, and investors, a new federal PAB threshold reduction and growing institutional appetite are converging to make this structure an increasingly viable alternative to traditional agency and municipal bond executions. Key Takeaways: Systima Capital's July deal through the Public Finance Authority drew $1.2B+ in...","thumbnail_url":"https://img.transistorcdn.com/eww4KoCb2-o7-dD11A42DpSkBhZjKNEkIb9mGj3dsyg/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81YWNi/MGVlZjVhN2FjYzBk/NDY5YWEyOTA3MWMw/MWViZS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}