New York City Transitional Finance Authority
The New York City Transitional Finance Authority (TFA) won't sell you the Brooklyn Bridge, but it will let you invest in repairs. The quasi-independent government agency sells municipal bonds to finance the Big Apple's capital improvement projects -- public buildings, roads, bridges, etc. The authority was created in 1997 to circumvent state constitutional limitations on the amount of debt the city could take on. With the authority to issue up to $11.5 billion in bonds, the agency proved to be even more useful than anticipated, selling $2 billion in bonds for recovery costs following the September 11 attacks that destroyed the World Trade Center. The TFA's bond limit has since been raised to $13.5 billion.
Contact Details
Office Address
New York City Transitional Finance Authority
75 Park Place, 6th Floor
New York, NY, USA 10007
Phone: (212) 788-5877
Fax: (212) 788-9197
Executives
Chairman
Mark Page
Executive Director
Alan L. Anders