NYCHDC
The New York City Housing Development Corporation (“HDC”) provides a variety of financing programs for the creation and preservation of multi-family affordable housing throughout the five boroughs of New York City. HDC is implementing Mayor Bloomberg’s New Housing Marketplace Plan to build and preserve 165,000 units of affordable housing over ten years. The New Housing Marketplace Plan is the largest municipal affordable housing effort in the nation’s history. HDC’s programs are designed to meet the wide-range of affordable housing needs of the City's economically diverse population.
Contact:
Christina Sanchez
Phone: (212) 227-2644
HCR, HPD, HDC, The Hudson Companies And Camba Housing Ventures Celebrate Groundbreaking Of Phase II Of New Green Affordable Housing Development In The Spring Creek Section Of Brooklyn
May 3, 2013 Posted by NYCHDC
rooklyn, NY – May 3, 2013 – (RealEstateRama) — The NYC Department of Housing Preservation and Development (HPD), New York State Homes and Community Renewal (HCR), NYC Housing Development Corporation (HDC), joined The Hudson Companies, and CAMBA/CAMBA Housing Ventures today to celebrate the groundbreaking of the next phase of the energy- efficient, mixed-use, affordable housing Gateway Elton Street development in the Spring Creek section of Brooklyn. The new buildings will be located at 516 and 524 Vandalia Avenue, and 526 Schroeders Avenue.
NYC Housing Development Corporation Ranked Number One Issuer Of Multifamily Affordable Housing Bonds In 2012 And Again Ranks In Nation’s Top Five Affordable Housing Lenders
April 2, 2013 Posted by NYCHDC
NEW YORK, N.Y. – April 2, 2013 – (RealEstateRama) — The New York City Housing Development Corporation (HDC) has posted another record-breaking year, ranking first on Thomson Reuters list of multi-family bond issuers and third in Affordable Housing Finance Magazine’s annual ranking of affordable housing lenders. From January through December 2012, the Corporation issued $1.065 billion in bonds and provided more than $1.8 billion in financing that was raised from the sale of bonds and the provision of other corporate subsidies. Over the course of the year, HDC financed the construction and/or preservation of 11,400 apartments
HPD Commissioner Wambua Announces Preference For Displaced Sandy Victims At Coney Island Commons, A New Affordable Housing Development
February 20, 2013 Posted by NYCHDC
Brooklyn, N.Y. – February 20, 2013 – (RealEstateRama) — New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced that the agency has instituted a 25 percent preference for units in City-subsidized affordable housing developments for income-eligible New Yorkers displaced from their homes by Hurricane Sandy. One of the first developments to be subject to the preference is Coney Island Commons, a new affordable housing development now being marketed in Coney Island, Brooklyn. All units are subject to a lottery managed by the developer and overseen by HPD and the City’s Housing Development Corporation (HDC).
HDC’s Board Approves $850 M in Tax-Exempt Multi-Family Housing Revenue Bonds
December 5, 2009 Posted by NYCHDC
NEW YORK, NY – December 3, 2009 – (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $850 million in tax-exempt and taxable Multi-Family Housing Revenue Bonds for the construction and permanent financing for affordable housing developments in New York City.
HDC’s Board Approves $43M in Taxable Multi-Family Mortgage Revenue Bonds & Cooperative Housing Mortgage Revenue Bonds
December 5, 2009 Posted by NYCHDC
NEW YORK, NY – December 3, 2009 – (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $43 million in taxable Multi-Family Mortgage Revenue Bonds and Cooperative Housing Mortgage Revenue Bonds for the new construction of Via Verde Apartments and Via Verde Cooperative Apartments, located in the Bronx.
HDC’s Board Approves $30 Million in Bonds To Finance the Renovation of East Harlem’s Lexington Courts
December 4, 2009 Posted by NYCHDC
NEW YORK, NY – December 3, 2009 – (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $30 million in tax-exempt Multi-Family Rental Housing Revenue Bonds for the rehabilitation of a development comprised of nine multifamily rental buildings, in the East Harlem neighborhood of Manhattan.
Homeownership Opportunities Come to the East Concourse Section of the Bronx
October 31, 2009 Posted by NYCHDC
NEW YORK, NY – October 30, 2009 – (RealEstateRama) — Today NYC Development Corporation (HDC) President Marc Jahr, Bronx Borough President Ruben Diaz, Jr. and Vincent Riso from the Briarwood Organization were joined by Daniel Martin from the Housing Partnership Development Corporation, Marian Zucker, Executive Vice President of the New York State Affordable Housing Corporation Fund (AHC) to celebrate the grand opening of The Solara, also known as Grant Avenue Co-op Apartments.
Bronx Pro Real Estate Management Celebrated Opening of 1085 Washington Avenue Apartments Providing Green Homes for Low Income Residents
September 29, 2009 Posted by NYCHDC
New York, NY – September 29, 2009 – (RealEstateRama) — Bronx Pro Real Estate Management today celebrated the opening of 1085 Washington Avenue Apartments, a new 90-unit affordable housing development that features numerous elements that help the building and its residents contribute to a greener, more sustainable New York City.
First Affordable Housing Development in Brooklyn with Solar Panels
September 24, 2009 Posted by NYCHDC
NEW YORK, NY – September 23, 2009 – (RealEstateRama) — New York City Housing Development Corporation (HDC) President Marc Jahr, New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and Alan Bell from Dumont Green LLC, celebrated the groundbreaking for a new eight-story 176 unit affordable apartment building at 1490 Dumont Avenue.
HDC Announces Interest in Purchasing a Portion of HUD’s Multi-Family Loan Portfolio
August 14, 2009 Posted by NYCHDC
NEW YORK, NY – August 12, 2009 – (RealEstateRama) — Today, the New York City Housing Development Corporation (“HDC”) approved $70 million in Residential Revenue tax-exempt bonds. The Bonds will be used by Q Student Residences, LLC, for the purpose of refunding the Corporation’s Residential Revenue Bonds (Queens College Residences).
HDC, HPD & Jackson Development Celebrate a Milestone: The First Development in the Nation to Use Recycled Bonds
August 5, 2009 Posted by NYCHDC
NEW YORK, NY – August 4, 2009 – (RealEstateRama) — Deputy Mayor Robert Lieber, joined by New York City Housing Development Corporation (HDC) President Marc Jahr, New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and Neil Weissman of the Jackson Development Group celebrated the groundbreaking of St. Ann’s Terrace, a 600 unit mixed-income development in the Melrose section of the Bronx and the first in the nation to use recycled bonds.
HPD, HDC and Artimus Construction Unveil 125-Unit Mixed Income Housing Development in the Central Harlem – Susan’s Court, Comprised of 75 Affordable and 50 Market Rate Units, Named in Honor of the Late Susan Ponce de Leon
July 22, 2009 Posted by NYCHDC
Manhattan, NY – July 22, 2009 – (RealEstateRama) — New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael Cestero together with New York City Housing Development Corporation (HDC) President Marc Jahr, Artimus Construction Principal Robert Ezrapour and Citi National Director, North America Community Relations, Gina Doynow today announced the completion of Susan’s Court, a 125-unit mixed-income housing development in Central Harlem.
HDC and the West Harlem Group Assistance Celebrate the ReOpening of the Mannie L. Wilson Towers Senior Residence
June 25, 2009 Posted by NYCHDC
NEW YORK, NY – June 25, 2009 – (RealEstateRama) – Today the New York City Housing Development Corporation (HDC) and West Harlem Group Assistance, Inc. (WHGA), a 39-year-old Community Development Corporation celebrated the completed renovation and reopening of the Mannie L. Wilson Towers Senior Residence, located at 565 Manhattan in Avenue.
HDC Board Approves $378 Million in Bonds For Multi-Family Housing
June 11, 2009 Posted by NYCHDC
NEW YORK, NY – June 9, 2009 – (RealEstateRama) – The New York City Housing Development Corporation (HDC) approved $378 million in Multi-Family Revenue tax-exempt bonds for the permanent financing and first position of construction for developments located in Manhattan, Brooklyn, and the Bronx. Approximately $115 million will be recycled bonds. The recycled bonds were [...]
HDC Issues $9.2M for New Development in the Heart of Crotona Park
June 10, 2009 Posted by NYCHDC
NEW YORK, NY- June 10, 2009 – (RealEstateRama) – The New York City Housing Development Corporation (HDC), the New York City Department of Housing Preservation and Development (HPD) and Bronx Pro Real Estate Management completed financing for 850 Jennings Street, an eight-story affordable rental apartment building to be constructed in the Crotona Park East section of the Bronx.
