New York preps $91.5 million sale of affordable housing revenue bonds

By Sheri Kasprzak

New York, Dec. 6 - The New York State Housing Finance Agency plans to sell $91.5 million of series 2012F affordable housing revenue bonds, according to a preliminary official statement.

The bonds will be sold through Ramirez & Co. Inc. and J.P. Morgan Securities LLC. The co-managers are Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC.

The bonds are due 2013 to 2023 with term bonds due in 2015, 2016, 2027, 2032, 2037, 2042 and 2048.

Proceeds will be used to make five mortgage loans to construct and rehabilitate affordable housing units.

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