New York State Housing Finance Agency

Overview

The New York State Housing Finance Agency is a public benefit corporation created in 1960 to finance low- and moderate-income rental housing. HFA issues taxable and tax-exempt bonds to provide mortgage loans to developers of affordable multifamily rental housing, and operates as part of New York State Homes and Community Renewal. Its stated mission is "to create and preserve high quality affordable multifamily rental housing that serves communities across the State of New York."

Source: New York State Homes and Community Renewal (official)

Transactions Tracked

Kingsbrook Estates Financing (Jul. 2026) $96.95M

Lender

Named as party2 on all four mortgages recorded 2026-07-22 (ACRIS docs 2026070900638009, -011, -013, -015). The figure shown is the project loan, which is the amount Hush Street's Deal record uses as its headline. The full recorded package is roughly $148.6M across four instruments -- a $96,949,744 project loan, a nearly identical $96,035,000 building loan recording the same senior debt as a second instrument, a $51,404,407 second mortgage and a $256,000 supplemental. Summing all four would double-count the senior loan.

Related Properties

Sources

1. ACRIS Document Detail — NYC ACRIS
2. Housing Finance Agency (HFA) — NYS Homes and Community Renewal

The project-loan instrument from the single recorded financing. Deliberately not the ~$148.6M four-instrument total: the building loan records the same senior debt as the project loan, so adding them would count that money twice.