NY A10668

Increases the aggregate principal amount of bonds and notes that the agency may issue for housing programs from $21.28 billion to $24.28 billion, excluding refunding bonds and notes.

Raises the authorization limit for bonds and notes issued under the taxable bond program from $800 million to $1 billion, with the same exclusion for refunding obligations.

Establishes that maximum income limits for mortgages under the neighborhood revitalization program shall not exceed 150 percent of the latest maximum income limits permitted under the Internal Revenue Code of 1986 for mortgagors financed by mortgage revenue bonds.

Maintains the July 23, 2017 deadline after which no new mortgages may be purchased with proceeds from taxable bonds and notes, excluding refunding obligations.