Philadelphia is using creative financing to bypass state debt limits for its $2 billion affordable housing plan. But taxpayers could end up footing an essentially unlimited bill if not managed carefully. A law professor who studies municipal bonds explains: 

The Conversation
Philadelphia’s $2B affordable housing plan relies heavily on municipal bonds, which can come with hidden costs for taxpayers
Municipal bonds are integral to Philly’s effort to make more affordable housing, but hidden costs and requirements can hurt taxpayers.







