Ministry Costs Muni-Bond Investors That Bankrolled Memphis Slums

Boarded up windows to condemned units are visible through the kitchen window of another apartment at the Warren Apartments complex in Memphis, Tennessee, U.S., on Friday, March 11, 2016. Conditions at the Warren and Tulane Apartment complexes in Memphis led the U.S. Department of Housing and Urban Development last month to cut off rent subsidies for more than 1,000 residents. With that, the financial fallout spread to a more distant group: Holders of $12 million of municipal bonds that the owner, Global Ministries Foundation, sold through a Memphis authority in 2011 to buy the apartments. Photographer: Andrea Morales/Bloomberg via Getty Images
Boarded up windows to condemned units are visible through the kitchen window of another apartment at the Warren Apartments complex in Memphis, Tennessee, U.S., on Friday, March 11, 2016. Conditions at the Warren and Tulane Apartment complexes in Memphis led the U.S. Department of Housing and Urban Development last month to cut off rent subsidies for more than 1,000 residents. With that, the financial fallout spread to a more distant group: Holders of $12 million of municipal bonds that the owner, Global Ministries Foundation, sold through a Memphis authority in 2011 to buy the apartments. Photographer: Andrea Morales/Bloomberg via Getty Images
Ministry Costs Muni-Bond Investors That Bankrolled Memphis Slums
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Crédits :
Bloomberg / Contributeur
Editorial - n° :
515562154
Collection :
Bloomberg
Date de création :
11 mars 2016
Date de chargement :
Type de licence :
Droits gérés
Infos autorisations :
Autorisation non disponible. Plus d'infos
Source :
Bloomberg
Référence :
MEMPHIS BONDS DEFAULT
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4000 x 2667 px (33,87 x 22,58 cm) - 300 dpi - 7 MB