The New York City Housing Development Corp. will begin providing credit enhancement for certain housing preservation projects, the agency said yesterday at its monthly board meeting. It approved $16.9 million of bond financing for two projects that will use the corporation's credit enhancement during the construction period that will be subject to monitoring by HDC staff.

The approvals were among $339.5 million of bonds given the green light yesterday by the HDC's board to finance 14 projects that would create or preserve 2,590 apartments.

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