
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…