Tax Credit Advisor — August 2009 — These new kinds of taxable bonds, authorized by the American Recovery and Reinvestment Act of 2009, are designed to assist issuers and developers unable to sell tax-exempt bonds to finance new public-purpose projects. One eligible use of the proceeds generated by these bonds is to finance government-owned affordable and workforce housing. But these bond-financed housing units can be part of a larger mixed-use housing project that also includes low-income housing tax credit or market-rate units constructed by a private developer. Washington, DC attorneys Maria BeVier Stern and Linda Schakel describe the rules and eligible uses of these new bonds and point out the opportunities for developers and owners.