The New York State Urban Development Corporation, established in 1968 and headquartered in Albany, New York, aims to foster economic growth and development throughout the state. The corporation focuses on providing financing for various urban development projects, including infrastructure, affordable housing, and community revitalization initiatives.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The New York State Urban Development Corporation began issuing bonds in the early 1970s to fund its various development projects. A notable issuance occurred in 2010, when the corporation issued $161 million in tax-exempt bonds to finance affordable housing developments across New York. Currently, the average yield on their bonds is competitive within the market, often reflecting a strong commitment to community investment. Recent news indicates plans for a new series of green bonds aimed at sustainable urban projects, emphasizing the corporation's growing focus on environmental responsibility.