Administrative History

The Housing Finance Agency is a public benefit corporation authorized to issue notes and bonds for the purpose of providing funds to make mortgage loans to a variety of limited-profit and nonprofit medical, youth, and senior citizen service facilities; to service companies to finance construction of selected academic and mental hygiene facilities and municipal health facilities; and to mutual housing companies for limited-profit municipal housing projects, leasing, and building in model cities areas. It is also authorized, subject to approval by the director of the budget, to contract with the State of New York Municipal Bond Bank Agency, the New York State Project Finance Agency, the New York State Urban Development Corporation, and the New York State Medical Care Facilities Finance Agency, to render services as requested.