The New York City Housing Development Corp. last week approved $547.5 million of tax-exempt bonds. That includes the rollout of $130 million of escrowed proceeds from bonds issued under the federal new-issue bond program approved by the board.

Proceeds will be used to finance new construction, acquisitions and rehabilitation of 11 projects. They will also fund the preservation of a 360-unit housing development in the state’s Mitchell-Lama affordable housing program.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.