Its mission is to expand affordable housing opportunities for low- and moderate-income New Yorkers.
Together, HCR finances single-family residential mortgages, multifamily lending housing programs and mortgage insurance for both single-family and multifamily housing.
HFA and SONYMA are self-funded and do not rely on taxpayer funds.
Both agencies issue tax-exempt bonds to provide for their financing.
AHC funds are appropriated as part of the State’s annual budget.