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DETROIT — General Motors Corp., Ford Motor Co. and Chrysler LLC, strapped for cash as sales plunge, are seeking $50 billion in federal loans to help them weather the worst auto market in 25 years, a person familiar with the matter said.
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NEW YORK CITY-The New York State Housing Finance Agency (HFA), along with its subsidiary--the New York State Affordable Housing Corporation (AHC)--is approving $66.8 million in financing to preserve and create 1,059 affordable housing units across the state of New York. Just shy of half that amount--$30 million--is allotted for 177 affordable units in the boroughs.
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