{"id":38421,"date":"2025-10-07T16:29:20","date_gmt":"2025-10-07T16:29:20","guid":{"rendered":"https:\/\/www.vosa.tv\/eng\/?p=38421"},"modified":"2025-10-07T16:29:20","modified_gmt":"2025-10-07T16:29:20","slug":"mayor-adams-announces-new-york-citys-fourth-sale-of-social-bonds-to-support-more-affordable-housing-as-leading-independent-and-internationally-recognized-rating-agencies-again-affirm-city","status":"publish","type":"post","link":"https:\/\/www.vosa.tv\/eng\/archives\/38421","title":{"rendered":"Mayor Adams announces New York city\u2019s fourth sale of social bonds to support more affordable housing as leading independent and internationally-recognized rating agencies again affirm city\u2019s strong financial standing and stability"},"content":{"rendered":"

NEWYORK: New York City Mayor Eric Adams announced that New York City will sell $460 million of taxable, fixed-rate General Obligation Social Bonds in October 2025, helping to support the creation of thousands of units of affordable housing.<\/strong><\/p>\n

Additionally, Mayor Adams announced that \u2014 for the 18th consecutive time in this administration \u2014 the independent, internationally-recognized credit rating agencies Moody’s Ratings, S&P Global Ratings, Fitch Ratings, and Kroll Bond Rating Agency have all affirmed the city’s strong bond ratings and stable outlook.<\/p>\n

Selling bonds to investors generates resources that the city uses to build and maintain its world-class infrastructure, and, in this case, will be used to support the construction and development of nearly 2,200 units of affordable housing in New York City.<\/p>\n

Social Bonds exclusively supporting affordable housing in New York City have only been issued during the Adams administration, and this is the city\u2019s fourth issuance of Social Bonds since 2022.<\/p>\n

\u201cWhen it\u2019s come to tackling our generational housing crisis, our administration has gotten creative as we\u2019ve used every tool possible to tackle our generational housing crisis,\u201d said\u00a0Mayor Adams.<\/p>\n

\u201cFrom our historic \u2018City of Yes\u2019 plan to our neighborhood rezonings, we have never been afraid to take the bold and necessary steps to build more housing for working-class New Yorkers. Issuing Social Bonds exclusively for housing is yet another example of how we are thinking outside the box to finance and spur more affordable housing. With this latest sale of $460 million of General Obligation Social Bonds, we will support the construction of nearly 2,200 additional units of affordable housing. And because of our work and more, the leading credit rating agencies have, once again, affirmed our administration\u2019s strong fiscal management. Our administration has consistently stepped up to the plate, skillfully managing crises after crises while making our economy stronger and boosting investor confidence. And while we have made great strides, we will never stop fighting to make our city more affordable, more livable, and the best place to raise a family.\u201d<\/p>\n

Social Bonds allow the city to take advantage of demand for investment opportunities while addressing core policy objectives, including investing in programs and initiatives that can make the city more affordable for working-class New Yorkers.<\/p>\n

The city\u2019s first three sales of Social Bonds \u2014 all of which took place under the Adams administration \u2014 totaled $1.92 billion and helped finance over 12,100 units of affordable housing across the city. Following the upcoming transaction, the city will have sold $2.38 billion of Social Bonds since 2022 to help finance over 14,300 units of affordable housing.<\/p>\n

The upcoming issuance of Social Bonds to support the building of more affordable housing follows yet another record-breaking year by the Adams administration for producing and connecting New Yorkers to affordable homes.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

NEWYORK: New York City Mayor Eric Adams announced that New York City will sell $460 million of taxable, fixed-rate General Obligation Social Bonds in October 2025, helping to support the creation of thousands of units of affordable housing. Additionally, Mayor Adams announced that \u2014 for the 18th consecutive time in this administration \u2014 the independent, […]<\/p>\n","protected":false},"author":5,"featured_media":24563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1469,31,1378],"tags":[],"class_list":["post-38421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-news","category-us"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/38421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=38421"}],"version-history":[{"count":1,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/38421\/revisions"}],"predecessor-version":[{"id":38422,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/38421\/revisions\/38422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/24563"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=38421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=38421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=38421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}