New York State Housing prepares $117.56 million sale of revenue bonds

By Sheri Kasprzak

New York, Dec. 4 – The New York State Housing Finance Agency is set to price $117,555,000 of series 2014G affordable housing revenue bonds, according to a preliminary official statement.

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

The bonds are due 2015 to 2025 with term bonds due in 2017, 2018, 2029, 2034, 2039, 2044 and 2047.

Proceeds will be used to finance seven mortgage loans to rehabilitate seven housing projects within the state.

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