Muni Lowdown: Florida fallout

Midtown Campus Properties LLC, the owner of a Gainesville, Florida student housing project under construction near the University of Florida, filed for Chapter 11 bankruptcy protection on 8 May in the US Bankruptcy Court for the Southern District of Florida. Debtwire’s Maria Amante discusses the fallout. The Federal Reserve is establishing a USD 500bn municipal liquidity facility to bolster state and local cash flow during the new coronavirus (COVID-19) pandemic. Debtwire’s Caitlin Devitt explains the Fed’s motive on this. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact [email protected]