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ny news social bonds adams

NYC to Sell $460M Social Bonds for 2,200 Affordable Homes; Credit Ratings Reaffirmed

Mayor Eric Adams announced New York City’s fourth sale of General Obligation Social Bonds—$460 million in taxable, fixed-rate debt—to finance nearly 2,200 new affordable housing units, with proceeds reimbursing projects under HPD’s ELLA, SARA, and Supportive Housing Loan programs. More than 80% of units will serve households at or below 60% AMI (up to $97,200…

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NYC Extends Jail Emergency Measures: Emergency Executive Order 867 (October 5, 2025)

Mayor Eric Adams issued Emergency Executive Order 867 on October 5, 2025, extending section 1 of Emergency Executive Order 865 for five days to address ongoing crises in New York City Department of Correction (DOC) facilities, including Rikers Island. Citing the federal Nunez use-of-force case, the Nunez Action Plan approved June 14, 2022, and persistent…

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New York City Mayor Eric Adams and New York City Corporation Counsel Muriel

NYC to Recover $48M From Purdue Pharma–Sackler Settlement to Combat Opioid Crisis

New York City will join a new proposed $7.4 billion Purdue Pharma–Sackler family settlement, securing approximately $48 million for the five boroughs to help repair communities harmed by the opioid crisis. Announced by Mayor Eric Adams and Corporation Counsel Muriel Goode-Trufant, the deal—part of litigation dating back to 2017—adds to nearly $190 million already received…

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news Emergency Executive Order 864 nyc

Emergency Executive Order 864: NYC Extends Asylum-Seeker Emergency for 5 Days (Sept. 25, 2025)

New York City Mayor Eric Adams issued Emergency Executive Order 864 on September 25, 2025, extending Section 2 of EEO 862 for five days to address the ongoing influx of asylum seekers and resulting humanitarian crisis. Citing authority under New York State law, the City Charter, and the Administrative Code—and building on the continuing state…

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