New York State Housing organizes $127.8 million revenue bond offering

By Sheri Kasprzak

New York, June 12 – The New York State Housing Finance Agency plans to sell $127.8 million of series 2014B affordable housing revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC as the senior managers. The co-managers are Lebenthal & Co. LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and RBC Capital Markets LLC.

The bonds are due 2014 to 2024 with term bonds due in 2017, 2018, 2029, 2034, 2039, 2044 and 2054.

Proceeds will be used to finance mortgage loans for four affordable housing projects.

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