HDC seeks to increase the supply of multi-family housing, stimulate economic growth and revitalize neighborhoods by financing the creation and preservation of affordable housing for low- , moderate- , and middle-income New Yorkers.
In 1971, the New York State Legislature created the New York City Housing Development Corporation (HDC) as a supplementary and alternative means of supplying financing for affordable housing that was independent from the City's capital budget. At first HDC concentrated on providing financing for large-scale rental developments but now issues bonds and provides subsidy and low-cost loans to develop and preserve a variety of housing, ranging from large to small and rental and homeownership.
The flexibility built into HDC’s authorizing statute allows it to amend its programs and goals in response to the changing economic climate. As a result, HDC has become the leading local housing finance agency in the nation, outperforming many of the nation’s largest banks in the volume and dollar amount of bonds issued. In the 2012 calendar year, HDC was ranked third nationally in Affordable Housing Finance magazine’s annual rating of the top issuers of multi-family bonds, having issued more than $1.8 billion in bonds; more than Bank of America Merrill Lynch, JP Morgan Chase and Capital One, among others. In addition, HDC has devoted more than $1.8 billion in direct subsidy from its corporate reserves to deepen affordability of the residential developments it supports. For more information on the projects and programs we support, please visit our Press Room.
Company Details
- Employees
- 288
- Founded
- -
- Address
- 120 Broadway,
- Phone
- +1-212-227-5500
- in****@****hdc.com
- Industry
- Banking
- NAICS
-
Commercial Banking
- Website
- nychdc.com
- HQ
- New York, NY
- Competitors
- New York City Housing Authority (NYCHA), The Port Authority of New York & New Jersey, Empire State Development, Metropolitan Transportation Authority, New York State Homes & Community Renewal, City of New York, New York City Economic Development Corporation, NYC Department of Housing Preservation & Development, The Community Preservation Corporation, NYC Department of City Planning.
New York City Housing Development Corporation Questions
New York City Housing Development Corporation's helpline number is +1-212-227-5500
New York City Housing Development Corporation's website is nychdc.com
New York City Housing Development Corporation's LinkedIn profile is https://www.linkedin.com/company/housing-development-corporation
New York City Housing Development Corporation has
288 employees.
View email and phone details for 288
employees at New York City Housing Development Corporation.
New York City Housing Development Corporation's industry is
Banking
New York City Housing Development Corporation's top competitors are
New York City Housing Authority (Nycha),
The Port Authority Of New York & New Jersey,
Empire State Development,
Metropolitan Transportation Authority,
New York State Homes & Community Renewal,
City Of New York,
New York City Economic Development Corporation,
Nyc Department Of Housing Preservation & Development,
The Community Preservation Corporation,
Nyc Department Of City Planning.
New York City Housing Development Corporation's support email address is info@nychdc.com
New York City Housing Development Corporation's categories are Banking
New York City Housing Development Corporation's founding year is 1971
