A Simple Fix to Keep the American Dream Alive: Carve Housing Bonds Out of the Volume Cap Limitation

Housing Policy

Every national story has a turning point. Not because of one headline or one election, but because citizens adjust what they believe is possible for their own lives and for their children’s lives.

We are in that moment now.

Continue reading.

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By Tom Kozlik
Head of Public Policy and Municipal Strategy
Hilltop Securities Inc.

Gary Garay
Head of Municipal Housing Banking
Hilltop Securities Inc.

February 11, 2026



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