Latest news with #housingagency
Bloomberg
3 days ago
- Business
- Bloomberg
Failed Muni Bond Draws FBI and Sparks `Ponzi-Like Fraud' Claims
Before the lawsuits started piling up in courtrooms across Connecticut, before his employer accused him of running a 'massive Ponzi-like fraud,' and before the FBI showed up, Robert Cappelletti looked well on his way to pulling off one of the greatest muni-bond coups of all time. The plan Cappelletti had put together was so audacious it bordered on the fantastical. The housing agency he ran in Groton, a sleepy town of some 40,000 people along Connecticut's Thames River, would sell $750 million of bonds to jumpstart a $4 billion project to transform a bunch of run-down shopping plazas into a sprawling, up-scale development. There'd be a new train station, a hospital, almost 2,000 apartments and dozens of shops and restaurants.
Globe and Mail
15-05-2025
- Business
- Globe and Mail
Annual pace of housing starts in Canada up 30% in April from March
Canada Mortgage and Housing Corp. says the annual pace of housing starts in April rose 30 per cent compared with March. The national housing agency says the seasonally adjusted annual rate of housing starts for April was 278,606 units, up from 214,205 in March. The annual pace of urban housing starts rose 28 per cent in April to 259,788 compared with 202,668 units in March. CMHC says actual urban housing starts in April were up 17 per cent year-over-year at 21,720 compared with 18,539 in April 2024. The annual pace of rural starts was estimated at 18,818. The six-month moving average of the overall seasonally adjusted annual rate of housing starts was 240,905 in April, up 2.4 per cent.
