About
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... Read More
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New York | Condo | PPSF: $711
+ 1
12/06/2024
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NYC Housing Development Corporation has financed 25 deals.
NYC Housing Development Corporation's most recent deal was on April 16, 2025.
NYC Housing Development Corporation's largest deals include a loan of $605,000,000.00 for 735 Lincoln Avenue.
Member since: April 2023
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FINANCED
Jeffrey R. Blau Of Related Companies Secures $60.9M Loan From NYC Housing Development Corporation
1 55 Borden Avenue, Long Island City, NY
NYCRE
Jan 27, 2026
FINANCED
James Patchett Of Gilbane Development Company & Jody Rudin Of Institute For Community Living Secures $193M Loan For Development Site In Bronx
860 Concourse Village East, Bronx, NY
NYCRE
Jan 5, 2026
FINANCED
Vaya Development Secures $483.3M Loan For Nine Multifamily Buildings In East Harlem
$140/SF
307 314 East 117th Street, New York, NY
NYCRE
Dec 18, 2025
FINANCED
Matthew Rooney Of MDG Design & Construction Secures $448.7M Rehab Loan For Williamsburg Multifamily Properties
$122/SF
142 Leonard Street, Brooklyn, NY
NYCRE
Sep 25, 2025