New York’s largest housing finance agencies plan to sell more than $1 billion of bonds to Freddie Mac and Fannie Mae this month under a new federal program aimed at giving a shot in the arm to HFAs.

With the new issue bond purchase program, or NIBP, announced in October, HFAs across the country can sell an aggregate of $18.6 billion of bonds that will get some support from the U.S. Treasury.

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