New York State Housing organizes $55.25 million revenue bond offering

By Sheri Kasprzak

New York, Oct. 3 – The New York State Housing Finance Agency is slated to price $55.25 million of series 2014E affordable housing revenue bonds on Wednesday, according to a preliminary official statement.

The bonds will be sold through senior managers Siebert Brandford Shank & Co. LLC and Ramirez & Co. Inc. The co-managers are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch, RBC Capital Markets LLC and Loop Capital Markets LLC.

The bonds are due 2015 to 2025 with term bonds due in 2017, 2029, 2034, 2039 and 2046.

Proceeds will be used to finance mortgage loans for the construction and acquisition or rehabilitation of multifamily housing projects.

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