As many regions across the U.S. face housing shortages, we will focus our discussion on:

• How the muni market can aid the shortfalls and needs
• Exploring workforce housing deals
• What is the federal government’s role?
• Federal transit-oriented development financing: TIFIA and Railroad Rehabilitation and Improvement Financing loans for real estate developments near transit stations

As the municipal market navigates the world of technology and AI, panelists explore what tech and AI solutions are possible/being developed for issuers, the buy- and sell-sides, and other market participants.

• Perspective on what AI is — and is not — and how it is expected to impact the muni market.
• How does technology aid in pricing and disclosure?
• How can technology help the industry do more with less?

Refresh and recharge during our Afternoon Break. Take a well-deserved pause to grab a snack, mingle with fellow attendees, and prepare for the afternoon’s engaging content.

After a record year of issuance — and two years of rising inflation — how are issuers meeting the growing needs for upgrades of existing infrastructure along with investments in new projects?

• Are there sectors that would benefit the most from investing in resilient infrastructure?
• What types of disclosure are needed?
• Should investors price in the effects of climate and severe-weather event related risks?
• Is there enough demand for the debt that will likely be needed to support the needed infrastructure?

Attendees of The Bond Buyer National Outlook Conference 2025 will have the opportunity to vote in a live market survey, sponsored by Baker Tilly. Topics will include:

• Market conditions and expectations
• Issuance projections
• The evolving investor base
• Policy expectations and implications

The concentration of the retail investor has grown in a market that often struggles with liquidity. How are the various demand components of the market shifting? How will the growth of SMAs and ETFs, as well as the dearth of crossover buyers, affect the public finance industry in 2025? What do investors want and how is the sell-side adapting to provide for it?

The 2017 Tax Cuts and Jobs Act expire at the end of 2025, and taxes will rise automatically if Congress does not act. As the Trump administration and a new Congress take over, we will examine:

• How real is the threat to the tax exemption?
• What other scenarios may play out, such as the elimination of tax-exempt PABs or bonds for certain sectors like housing and healthcare, where Republicans look to the muni market for revenue to offset TCJA provisions?
• What effect will potential tariffs have on the industry?
• Will changes to immigration have an effect on state and local tax revenues?

Recharge and connect during our morning break session. This brief intermission provides the perfect opportunity to grab a cup of coffee, network with peers and prepare for the day’s engaging sessions.