New York

A proposed change to the federal low-income housing tax-credit program would help affordable housing projects reach more income levels and make the credits more attractive to investors, according to New York officials.

A New York State judge on Friday temporarily blocked a key provision of a control board’s takeover of Nassau County’s finances.

New York City Mayor Michael Bloomberg backed off from deep cuts in the city’s 10-year capital plan in his preliminary fiscal 2012 budget released Thursday.

The Charitable Leadership Foundation, a nonprofit in upstate New York, has drawn on its debt service reserve and is in default under an installment-payment agreement with the issuer, according to a disclosure notice on the Municipal Securities Rulemaking Board’s EMMA website.

Local bond issuance for future school capital-construction projects in New York could shrink dramatically under a proposal to cap funding approvals at $2 billion annually in Gov. Andrew Cuomo’s executive budget.

A $20 million grant from New York State is expected to repay $15.4 million of outstanding bonds issued for St. Joseph’s Hospital in Elmira to help finance a yet-to-be-completed merger with another hospital.

Buffalo and Nassau County aren’t just far apart from each other on a map of New York — their finances are moving in opposite directions.

Moody’s Investors Service placed $1.4 billion of outstanding Nassau County, N.Y., debt on review for possible downgrade Wednesday after the county moved to stop an oversight board from controlling its finances.

New York’s new goal of selling half of its bonds competitively drew both praise and criticism from market sources on Wednesday.

New York Gov. Andrew Cuomo proposed a $132.9 billion all funds budget Tuesday that includes $5.52 billion bonding to finance capital projects in fiscal 2012, a 7.8% increase over the current fiscal year.

The takeover of a Long Island county’s finances by an oversight board last week looked like an opportunity to some investors who hoped to pick up an improving New York credit on the cheap.

Moody’s Investors Service is considering downgrading the Port Authority of New York and New Jersey because of its need to continue borrowing money to finance transportation projects even as toll collections and airport fees grow slowly.

The Nassau County Interim Finance Authority for the first time imposed a control period on Nassau County, N.Y., Wednesday.

Without more revenue, New York’s Metropolitan Transportation Authority will exhaust its capacity to bond for new projects after 2014, MTA officials said Monday.

The Port Authority of New York and New Jersey plans to competitively market $300 million of tax-exempt bonds on Thursday.

A provider of residential services for the disabled that was part of a pooled bond deal issued by the Dormitory ­Authority of the State of New York agreed to pay $18 million in damages to settle Medicaid fraud charges, the New York attorney general announced last week.

The New York State Thruway Authority on Wednesday approved up to $525 million of new-money bonds and up to $250 million of refunding bonds secured by the state’s highway and bridge trust fund.

Lieut. Gov. Robert Duffy said the size of the role that bonds will play in New York Gov. Andrew Cuomo’s economic development program is uncertain and will include the creation of regional economic development councils.

Recurring losses from operations, a net-asset deficiency, and negative working capital are among the financial shortfalls revealed in a recent independent audit by KPMG LLC of the Resurrection Nursing Home, a nonprofit facility in Castleton, N.Y.

Public-private partnerships could offer some new and useful financing options for New York’s infrastructure needs but they come with risks, according to a report released by the state comptroller’s office Monday.