The New York City Housing Development Corp. has approved nearly $250 million of housing bonds, including an allocation of $102 million from New York State, and a commitment of up to $50 million in HDC corporate funds to provide financing for three new developments and the preservation and renovation of eight others in the Bronx, Brooklyn and Manhattan.

The agency is undertaking the financing, which includes an allocation of $148 million of bonding authority from the New York City Industrial Development Agency, in conjunction with the New York City Department of Housing Preservation and Development and other private and not-for-profit partners, to support Mayor Michael Bloomberg’s new housing marketplace plan.

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