The New York City Housing Development Corp. has announced the approval of $43.3 million in affordable housing transactions.The HDC board approved a $30 million fund to finance permanent first-mortgage loans for 1,000 to 1,200 newly constructed or rehabilitated units of affordable housing in conjunction with subsidy programs from the New York City Department of Housing Preservation and Development and other government lenders. Among the other transactions approved by the board was the issuance of $11 million in bonds for the acquisition of an 80-unit building in Midtown Manhattan.
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