The New York State Housing Finance Agency last week approved $50.9 million of bonds for three affordable housing projects.

The issuer said in October that it was trying to get 17 deals and a total $150 million to market by the end of the year, but that target won’t be met due to the difficulty in obtaining liquidity and the weak market for federal low income housing tax credits. Of those deals, the agency has approved eight and it hopes bring those to market by the end of the month, spokesman Phil Lentz said.

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