The New York City Capital Resource Corp. will consider its first recovery zone facility bond deals at its board meeting Tuesday.

The city received an allocation of $120 million of tax-exempt bonds under the program which was created under the American Recovery and Reinvestment Act to help finance projects in economically distressed areas. The issuer heard public testimony yesterday on the deals, the largest of which would be for the first phase of a mixed-use retail, commercial and housing development in downtown Brooklyn.

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