NY S08177

Extends the expiration date of powers granted to the New York State Housing Finance Agency, New York City Housing Development Corporation, and State of New York Mortgage Agency from July 23, 2025 to July 23, 2027

Increases the bond limit for tax-exempt bonds issued by the State of New York Mortgage Agency from $10.72 billion to $10.92 billion (a $200 million increase)

Raises the bond limit for taxable bonds issued by the Mortgage Agency from $1.5 billion to $1.95 billion (a $450 million increase)

Increases the cap on bond proceeds that can be blended for mortgage purposes from $1 billion to $2.4 billion

Extends provisions related to the New York State Infrastructure Trust Fund and various mortgage agency programs through July 23, 2027