Relates to increasing the bonding authority of the New York city housing development corporation

This bill increases the New York City Housing Development Corporation's (NYCHDC) bonding authority from $19 billion to $20 billion, allowing it to issue more bonds for affordable housing projects. The key change modifies the legal limit on outstanding bonds, directly affecting NYCHDC's ability to finance new housing developments and renovations. The amendment clarifies the calculation for determining the bonding limit while maintaining reserve fund requirements. This is a straightforward financial authorization change with no new program requirements or eligibility rules.