TODAY’S DEALS: NCB Originates Nearly $60M in Financing for 24 NY Area Properties, and Other Transactions
- Feb 05, 2009
By Anuradha Kher, Online News EditorNew York–NCB has originated almost $60 million in financing in December for 24 New York area properties. This includes $46.7 million in mortgages and $12.9 million in lines of credit. “Activity during December more than tripled from the prior month, as many cooperatives looked to take advantage of low interest rates before year end,” says Edward Howe III, managing director of the NCB New York. “While other areas of the financing market have slowed dramatically, underlying mortgages and lines of credit lending for housing communities remain strong, as more buildings arrange loans to meet varying financial needs.” Federal Home Loan Bank of Atlanta to Award More Than $9.2M for Affordable Housing in FloridaAtlanta–Federal Home Loan Bank of Atlanta (FHLBank Atlanta) will award more than $9.2 million to fund 18 affordable housing developments in Florida. The funding is part of more than $43 million FHLBank Atlanta will award in ten states to create or preserve 4,514 units of affordable housing.FHLBank Atlanta will award the funds as part of its 2008 Affordable Housing Program (AHP) offering. Local community developers, in partnership with FHLBank Atlanta member institutions, will use the funding to build or repair 666 affordable housing units in Escambia, Okaloosa, Santa Rosa, St. Johns and Walton counties, as well as the cities of Avon Park, Belle Glade, Crystal River, Fellsmere, Immokalee, Indiantown, Jacksonville, Leesburg, Naples, Okeechobee, Orlando, Wauchula and Wimauma.