New York State Housing prepares $92.79 million affordable housing deal

By Sheri Kasprzak

New York, July 29 – The New York State Housing Finance Agency is set to sell $92.79 million of series 2015C affordable housing revenue bonds, according to a preliminary official statement.

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

The bonds are due 2015 to 2026 with term bonds due in 2018, 2019, 2030, 2035, 2040, 2045 and 2048.

Proceeds will be used to finance six mortgage loans for affordable housing projects within the state.

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