Municipal Bond Bank Agency

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The State of New York Municipal Bond Bank Agency, also known as MBBA, provides access to the capital markets for special programs and purposes that benefit the State of New York and its municipalities. The agency is a part of the New York State Housing Finance Agency. Established in 1972, the State of New York Municipal Bond Bank Agency is responsible for fostering and promoting the provision of adequate capital markets for facilitating borrowings by the state's municipal agencies for their public improvement programs. The agency assists in creating continued investor interest in the purchase of bonds or notes of municipalities. The State of New York Municipal Bond Bank Agency administers a municipal tax lien securitization program that involves the issuance of obligations to facilitate the purchase of delinquent tax liens from municipalities in the State of New York.