The State of New York Mortgage Agency held off on selling $167.8 million of single-family mortgage bonds until the ink was dry on the new federal housing law. Now it can take retail orders beginning today for bonds that, for the most part, will not be subject to the dreaded alternative minimum tax.

"It's awesome for us," said SONYMA president and chief executive office Priscilla Almodovar. "We've been waiting for this bill."

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