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 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.

HDC’s Board Approves $43M in Taxable Multi-Family Mortgage Revenue Bonds & Cooperative Housing Mortgage...

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...

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

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...

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

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

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...

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...

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....

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.

Recent

JULY 27 WEBCAST ON RFP FOR PURCHASE AND DEVELOPMENT OF 27–ACRE...

A webcast on the request for proposals (RFP) that has been issued by the New York State Office of General Services (OGS) for the purchase and development of 27 acres of prime real estate in the Governor W. Averell Harriman State Office Campus in Albany will be held on Wednesday, July 27 at 11:00 a.m.