Posted on: December 15, 2025 07:26 PM

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On a rock n roll with bonds for NYC projects

It’s all on Queens baby with the casino stretching from Jamaica to Flushing.

The NYC Comptroller's Office announced more bonds today to raise funds for two major projects, affordable housing and the other is transitional finance. For the affordable housing, the city issued bonds worth $218.3 million with interest to qualified buyers. For finance, it's $2 billion in future tax secured bonds.

More bonds will be issued starting next year as part of the incoming Mayor with the agenda of sustainability and social bond labels making a large wave.

The usual dividend payout is 2.75% per 10 years and 4.14% for 30 years.

The best part is, if you're in a high tax bracket, these bonds are currently out paying many corporate bonds and even some stocks without the tax bill keeping the rich richer.

It's the NYC way!