New York State Housing coordinates $53.88 million sale of revenue bonds

By Sheri Kasprzak

New York, Nov. 5 – The New York State Housing Finance Agency is poised to price $53.88 million of series 2015E affordable housing revenue bonds, according to a preliminary official statement.

The bonds will be sold through Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC. The co-managers are 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 2017 to 2026 with term bonds due in 2017, 2018, 2019, 2030, 2035, 2040 and 2048.

Proceeds will be used to finance four mortgage loans for the construction and acquisition of affordable housing projects in Monroe, Onondaga, Broome and Bronx counties.

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