WASHINGTON -- The first three multifamily housing deals under the federal government's new risk-sharing pilot program are close to coming to market, and all three are expected to involve bond financing, state housing officials said yesterday.

A project in New York State will be financed with $4.15 million of taxable multifamily housing bonds, while Massachusetts officials expect to issue $2.74 million, also in taxables. In New Hampshire, officials have not made a final decision, but are likely to issue $12 million in tax-exempt bonds for their project.

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