The New York State Housing Finance Agency will not be issuing bonds to finance the sale of Starrett City, a large affordable housing complex in Brooklyn, the agency said last week.

The HFA had anticipated selling hundreds of millions of dollars of tax-exempt bonds to finance a transaction that would have ensured the 5,881-unit complex would stay affordable but the weak economy convinced the owners, Starrett City Associates, to pull the property off the market in February.

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