Governor Paterson Announces State Approval of $665 Million Sale in Housing Bonds to the Federal Government

New York, NY – December 18, 2009 – (RealEstateRama) — Governor David A. Paterson today announced that New York State has approved the sale of $665.2 million in housing bonds to the federal government that will lower the cost of borrowing for first-time homebuyers and developers of affordable multifamily rental apartments.