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 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.

HDC Board Approves $378 Million in Bonds For Multi-Family Housing

NEW YORK, NY - June 9, 2009 - (RealEstateRama) – The New York City Housing Development Corporation (HDC) approved $378 million in Multi-Family Revenue...

HDC Issues $9.2M for New Development in the Heart of Crotona Park

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.

HDC Board Approves $55.5 Million in Tax-Exempt Multi-family Housing Revenue Bonds

NEW YORK, NY - June 9, 2009 - (RealEstateRama) – The Board of Directors of the New York City Housing Development Corporation (HDC) approved $55.5 in tax-exempt Multi-family Housing Revenue Bonds for two affordable housing projects; one new construction in Manhattan and the other a large-scale refinancing and renovation project in Queens.

HDC, HPD and YUCO Real Estate Celebrate the Opening of 1405 Fifth Avenue Apartments

NEW YORK, NY - May 28, 2009 - (RealEstateRama) — Today, the New York City Housing Development Corporation (HDC), the New York City Department of Housing Preservation and Development (HPD) and YUCO Real Estate Company, Inc. (YUCO) celebrated the grand opening of 1405 Fifth Avenue Apartments, an 81-unit mixed-income development located in the East Harlem section of Manhattan. The creation of affordable housing in New York City is part of the City's Five Borough Economic Opportunity Plan to create jobs for New Yorkers today and implement a vision for long-term economic growth while strengthening and stabilizing neighborhoods in all five boroughs.

Mount Hope Housing Company Announces Grand Opening of Affordable Housing Development Incorporating Green Building...

New York, NY - May 7, 2009 - (RealEstateRama) — Mount Hope Housing Company, a nonprofit community development organization and provider of social services in the Mount Hope section of the Bronx, along with the NYC Department of Housing Preservation and Development (HPD), the NYC Housing Development Corporation (HDC) and Enterprise Community Partners, Inc. announced today the grand opening of the New Hope Walton Project, a 63-unit environmentally friendly, affordable housing development for low-income residents.

New York City Housing Development Corporation Directors Approve First Ever Recycled Bonds For Two...

NEW YORK, NY - April 21, 2009 - (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors today welcomed NYC Department of Housing Preservation and Development Commissioner Rafael E. Cestero as the new HDC Board Chairman and at the meeting approved the nation’s first “recycled” bonds for affordable housing projects in the Bronx and Staten Island.

The NYC Housing Development Corporation is Nation’s No. 1 Issuer of Affordable Housing Bonds

Record-Breaking Year: Finances more than 7,300 Units NEW YORK, N.Y. - February 10, 2009 - (RealEstateRama) – The New York City Housing Development Corporation (HDC) has posted another record-breaking year as the nation’s top issuer of affordable housing bonds.

HDC Approves $8,000,000 for the Rehabilitation of Senior Housing in Brooklyn “Sons of Italy...

NEW YORK, N.Y., December 10, 2008 - (RealEstateRama) – The New York City Housing Development Corporation (HDC), has approved the issuance of $8,000,000 in tax-exempt...

Housing Development Corp. Issues $228,000,000 in Bonds

NEW YORK, NY - December 10, 2008 - (RealEstateRama) – Today, The New York City Housing Development Corporation (“HDC”) issued $228,000,000 of tax-exempt and taxable...

N.Y. City Housing Development Corporation Holds Ground-Breaking For New 185-Unit “Green” Mixed-Income Housing Project...

New York, NY - November 18, 2008 - (RealEstateRama) –  The New York City Housing Development Corporation (HDC) today celebrated a ground-breaking for the Tapestry,...

Hdc Announces Issuance Of $88,000,000 Bond Issuance For Two Bronx Developments

NEW YORK, NY - November 6, 2008 - (RealEstateRama) –  The New York City Housing Development Corporation (HDC) today announced it has approved the issuance...

HDC ANNOUNCES $160,000,000 FOR NATIONS FIRST “RECYCLED” BOND ISSUANCE

NEW YORK, NY., October 31, 2008 - (RealEstateRama) – The New York City Housing Development Corporation (HDC) today announced it has approved the issuance...

58 Low Income And Formerly Homeless Families Find A Home At Banana Kelly Place

CPC Resources and Banana Kelly Community Improvement Association Transform an Abandoned Property Into Affordable Housing Units New York, NY - October 2, 2008 -...

New Affordable Housing Development Named After Distinguished Community Activist Granville Payne Opens in East...

New York, NY - July 31, 2008 - (RealEstateRama) — The New York City Housing Development Corporation (HDC) and the New York City Department of...

Popular Government & Nonprofit Press Releases

VETERANS UNITED HOME LOANS TO PAY $604,000 IN RESTITUTION TO NEW...

Financial Services Superintendent Maria T. Vullo today announced that Mortgage Research Center, LLC, doing business as VAMortgage Center and/or Veterans United Home Loans, will pay approximately $604,000 in restitution to New York consumers, primarily veterans, as part of a consent order entered into with the Department of Financial Services (DFS).

Recent Government & Nonprofit Press Releases

Total Household Debt Increases, Driven by Mortgage, Auto and Credit Card...

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).