Authors Posts by NYCHDC

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

HPD COMMISSIONER TORRES-SPRINGER AND HDC PRESIDENT ENDERLIN ANNOUNCE HOUSING LOTTERY FOR 84 AFFORDABLE APARTMENTS...

 The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer and New York City Housing Development Corporation (HDC) President Eric Enderlin today announced the opening of the Housing Connect lottery for 84 newly constructed affordable apartments at The Pavilion at Locust Manor located at 171-04 Baisley Boulevard in the St. Albans neighborhood of Queens

NEW YORK CITY AND NEW YORK STATE HOUSING OFFICIALS JOIN HOPE COMMUNITY, INC., MONADNOCK...

City and State officials joined Hope Community Inc., Monadnock Development LLC, Notias Construction, Inc., Raymond James Tax Credit Funds, Wells Fargo Bank, tenants and partners to announce the construction kick-off for the Hope East of Fifth re-syndication of 506 affordable housing apartments – including 102 units for formerly homeless residents across 39 buildings in the East Harlem neighborhood of Manhattan

CITY COUNCIL RENEWS ARTICLE XI TO SECURE THE AFFORDABILITY OF THE DREAMYARD, A 300...

New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer and New York City Housing Development Corporation (HDC) President Eric Enderlin announce that the City Council voted to renew the Article XI tax exemption for Dreamyard NEP HDFC, a 301-unit affordable housing project in the University Heights and Morris Heights neighborhoods of the Bronx.  This is a major milestone as the City looks to finance the rehabilitation and extended affordability of these two year-15 tax credit properties owned by Bronx Pro Group

HPD ANNOUNCES NEW AND ENHANCED RESOURCES TO HELP NEW YORKERS ACCESS THE HOUSING LOTTERY

The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced enhanced resources for housing lottery applicants. HPD launched a new informative video series on the affordable housing lottery process. The first video in the series, "Applying to a New York City Affordable Housing Lottery: Video Guide" , gives an overview of the application process.

HPD COMMISSIONER MARIA TORRES-SPRINGER AND HDC PRESIDENT ENDERLIN ANNOUNCE HOUSING LOTTERY FOR 104 AFFORDABLE...

The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer and New York City Housing Development Corporation (HDC) President Eric Enderlin today announced the opening of the Housing Connect lottery for 104 affordable apartments at Essex Crossing Site 5 located at 145 Clinton Street in the Lower East Side neighborhood of Manhattan

HPD COMMISSIONER TORRES-SPRINGER AND HDC PRESIDENT ENDERLIN ANNOUNCE HOUSING LOTTERY FOR 227 AFFORDABLE...

The New York City Department of Housing Preservation and Development Commissioner Maria Torres-Springer and New York City Housing Development Corporation President Eric Enderlin today announced the opening of the Housing Connect lottery for 227 affordable apartments at Park House, located at 4275 Park Avenue in the Bathgate/East Tremont neighborhood of the Bronx

CITY OFFICIALS JOIN FOXY MANAGEMENT, HEBREW HOME AT RIVERDALE, ALEMBIC COMMUNITY DEVELOPMENT AND OTHER...

New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer, New York City Housing Development Corporation (HDC) President Eric Enderlin, and New York City Council Member Rafael Salamanca today joined Foxy Management, Hebrew Home at Riverdale, Alembic Community Development, and other project partners to celebrate the start of construction of 168 units of affordable senior housing at 1880 Boston Road in the West Farms neighborhood of the Bronx.

MAYOR DE BLASIO ROLLS OUT NEW AFFORDABLE HOUSING INITIATIVES FOR SENIORS, VETERANS AND FAMILIES...

Mayor Bill de Blasio today announced as part of his upcoming State of the City address two major initiatives to help seniors, veterans and other low-income families afford rent in New York City. The first will increase by 10,000 the number of apartments in Housing New York serving households earning less than $40,000—5,000 of which will be dedicated to seniors and 500 for veterans.

‘HOUSING NEW YORK: THREE YEARS OF PROGRESS’: CITY RELEASES NEW REPORT DESCRIBING THE...

New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been and New York City Housing Development Corporation (HDC) President Eric Enderlin today announced the release of Housing New York: Three Years of Progress, describing the inroads made towards the goals of the Mayor’s housing plan. The new report comes on the heels of the Mayor’s announcement last week that his Administration financed more affordable housing in 2016 than in any time in the past 25 years.

MAYOR BILL DE BLASIO ANNOUNCES M/WBE FIRMS WIN BIDS TO BUILD HUNDREDS OF AFFORDABLE...

Mayor Bill de Blasio, Deputy Mayor for Strategic Policy Initiatives Richard Buery and Department of Housing Preservation and Development (HPD) Commissioner Vicki Been today announced the selection of eight Minority- and Women-Owned Business Enterprise teams to lead the construction of six new 100 percent affordable housing developments on vacant City-owned land.

HPD COMMISSIONER BEEN AND HDC PRESIDENT ENDERLIN ANNOUNCE HOUSING LOTTERY FOR 100 NEWLY CONSTRUCTED...

Lottery applications are now being accepted for 44-19 Rockaway Beach Boulevard, a mixed-income development affordable to individuals earning a minimum annual income of $23,726 for an individual and up to $94,590 for a household of six

HPD COMMISSIONER BEEN AND HDC PRESIDENT ENDERLIN ANNOUNCE APPLICATIONS ARE NOW BEING ACCEPTED...

The New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been and New York City Housing Development Corporation (HDC) President Eric Enderlin today announced the opening of the Housing Connect lottery for 102 affordable apartments at Five Blue Slip in Greenpoint, Brooklyn. This 100 percent affordable development was financed through the City’s Extremely Low & Low Income Affordability (ELLA) Program and Inclusionary Housing programs.

MAYOR DE BLASIO ANNOUNCES REVISED AFFORDABLE HOUSING LOTTERY RULES

Mayor Bill de Blasio and Department of Housing Preservation and Development (HPD) Commissioner and Housing Development Corporation (HDC) Chair Vicki Been announced today a series of new affordable housing lottery rules designed to ensure that City-assisted affordable housing reaches the New Yorkers who need it most

HPD AND HDC JOIN BRP COMPANIES TO ANNOUNCE THE PRESERVATION AND CREATION OF...

East New Yorkers celebrated the completion of the rehabilitation of 468 homes and the start of construction on 242 affordable apartments today. BRP Companies is the lead on both of the new construction and the preservation projects which have a combined total of 710 units of affordable housing. In addition to much-needed affordable housing, the new construction project will create 30,000 square feet of community and retail space to enrich the East New York Community. All work is being completed through a partnership with the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC)

HPD AND HDC ANNOUNCE THAT AFFORDABLE HOUSING LOTTERIES ARE NOW AVAILABLE IN SEVEN LANGUAGES

The New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been and New York City Housing Development Corporation (HDC) President Gary Rodney announce new updates to the City’s electronic housing lottery application website, NYC Housing Connect. Applicants now have the ability to access the Housing Connect system and each housing lottery in seven languages, including English. This update is the most recent change made by the de Blasio Administration to promote equal access to information for all New Yorkers.

NYCEDC And Not Just a Label Announce “Made in NY” Pop-Up Store at Iconic...

Deputy Mayor for Housing and Economic Development Alicia Glen, New York City Economic Development Corporation (NYCEDC) and NOT JUST A LABEL (NJAL), the world’s largest global network of contemporary designers and a leading curator of fashion talent, today announced the launch of a temporary retail store at the Waldorf Astoria New York, part of Mayor Bill de Blasio’s ‘Made in NY’ initiative

Mayor De Blasio And Queens Officials Break Ground On Hunter’s Point South Phase II

Hunter’s Point South is a massive, multi-phase project. The Phase I infrastructure, roadways, and waterfront park was completed by NYCEDC in August 2013, and will support mixed-use developments totaling more than 2,000 housing units.

City And State Housing Officials Join The Bluestone Organization And Partners To Celebrate The...

The Beach Green North development is financed under Mayor Bill de Blasio’s Housing New York: A Five-Borough, 10-Year Housing Plan. The most comprehensive affordable housing plan in the City’s history and largest municipal housing plan in the nation, its goal is to create and preserve 200,000 units of affordable housing for very low- and middle income families to help address New York City’s affordability crisis.

HDC, 482 Franklin Avenue Realty, LLC, and Chase Celebrate the Grand Opening Of...

August 4th, 2015, Brooklyn, New York –New York City Housing Development Corporation (HDC) President Gary Rodney joined Amnon Shalhov of Joy Construction and Yosi Cohen of 482 Franklin Avenue Realty, LLC, David Walsh of Chase and partners to celebrate the ribbon-cutting of 482 Franklin Avenue, also known as Elliot J. Hobbs Gardens, a 93-unit mixed-income building in the Clinton Hill/ Bedford-Stuyvesant neighborhood of Brooklyn

HPD, HDC And HCR Join The Arker Companies To Celebrate The Opening Of Two...

Queens, NY - May 22, 2014 - (RealEstateRama) -- The New York City Department of Housing Preservation and Development (HPD), New York City Housing Development Corporation (HDC) and New York State Homes & Community Renewal (HCR) joined the Arker Companies, project partners and elected officials to celebrate the opening of Richmond Place and Richmond Hill Senior Living Residence, two new affordable housing developments built side-by-side on a formerly contaminated site in the Richmond Hill neighborhood of Queens. The new Richmond Place development includes a total of 117 units for affordable housing with 24 of those units designated to serve formerly homeless families. Richmond Hill Senior Living Residence is a 65-unit development for adults age 62 and older

HUD, HPD, HDC And City Officials Join FEGS And Partners To Celebrate The Completion...

New York, NY - October 17, 2013 - (RealEstateRama) -- Today, The U.S. Department of Housing and Urban Development (HUD), The New York City Department of Housing Preservation and Development (HPD), The New York City Housing Development Corporation (HDC), Manhattan Borough President Scott Stringer and Councilwoman Rosie Mendez joined FEGS Health & Human Services and partners to celebrate the completion of renovations at Tanya Towers, located at 620 East 13

HCR, HPD, HDC, The Hudson Companies And Camba Housing Ventures Celebrate Groundbreaking Of Phase...

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...

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...

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

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.

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DEC Announces Cleanup of Properties Near Former Geneva Foundry to Start...

The New York State Department of Environmental Conservation (DEC) announced today that the cleanup of properties in neighborhoods near the former Geneva Foundry Site in the city of Geneva, Ontario County, is scheduled to begin in July.