This week, the NYC Housing & Planning Fellows met with leadership of the NYC Department of Housing Preservation & Development, New York City Housing Development Corporation, NYC Department of City Planning, and New York City Economic Development Corporation. Special thanks to HPD Commissioner Adolfo Carrión, Jr., HDC President Eric Enderlin, and DCP Director Dan Garodnick who shared personal reflections on their own careers and provided insightful advice and guidance to our amazing cohort of Housing & Planning Fellows.
About us
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.
- Website
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http://www.nychdc.com
External link for New York City Housing Development Corporation
- Industry
- Banking
- Company size
- 201-500 employees
- Headquarters
- New York, NY
- Type
- Government Agency
- Founded
- 1971
- Specialties
- Financing Affordable Housing in New York City
Locations
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Primary
120 Broadway
2nd Floor
New York, NY 10271, US
Employees at New York City Housing Development Corporation
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Luke Schray
Vice President at New York City Housing Development Corporation
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Stephanie Mavronicolas
Chief of Staff, NYC HDC
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Lauren Connors
Senior Vice President at New York City Housing Development Corporation
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Marc Norman
Associate Dean at NYU, real estate professional, community development consulting
Updates
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If you visit HDC’s website or LinkedIn page, you may notice that a few things have changed… After much anticipation, we are excited to finally unveil HDC’s new branding! As part of our efforts to contemporize and enhance HDC’s brand identity within the affordable housing industry, we embarked on a rebranding journey starting with the debut of our updated website in 2021. This latest unveiling marks another stride in HDC’s evolution and reflects our continued growth and commitment to advancing innovative financing solutions to meet the affordable housing needs of New Yorkers. Here’s to a bright future ahead!
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At the 2024 National Association of Local Housing Finance Agencies (NALHFA) Annual Conference in Las Vegas, HDC was proud to receive the distinguished Multifamily and Redevelopment Awards of Excellence in recognition of the Corporation’s financing of two Brooklyn-based projects, Caton Flats and 90 Sands. Each year, the NALHFA Awards of Excellence are presented to local housing finance agencies who have delivered innovative, high-quality affordable housing in response to the needs of their local communities. Click the following link to learn more about each of the award-winning affordable developments: https://lnkd.in/dKuXjfZ6
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On May 14, HDC President Eric Enderlin will be recognized by JASA for his exceptional advocacy throughout his career to promote the creation and preservation of affordable senior housing. Congratulations to Eric on this well-deserved recognition!
JASA’s 2024 Gala is coming up on May 14 and we’re delighted to recognize Eric Enderlin, President of the New York City Housing Development Corporation. Mr. Enderlin has over 20 years of experience in public policy and affordable housing. He currently leads the nation's largest municipal Housing Finance Agency with the goals to create and preserve affordable housing and rehabilitate the city's public housing stock. We are very excited to be honoring him! Learn more at jasa.org/gala. #housing #preservation #ny #nyc #nonprofit #seniors #olderadults #affordablehousing #gala #lowincome #housing
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Check out the latest episode of ‘The Housing Problem’ podcast, which features an insightful conversation with HDC President Eric Enderlin exploring some of the economic and policy challenges facing the affordable housing industry today. This thoughtful discussion also traces the history of public housing in New York, as well as the innovative efforts underway to rehabilitate the city’s public housing stock. You can listen to the episode using the link below or wherever you get your podcasts.
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We are excited to welcome a new cohort of young professionals to the NYC Housing & Planning Fellowship! The two-year interagency program – coordinated in partnership with the New York City Housing Development Corporation, NYC Department of Housing Preservation & Development, NYC Department of City Planning, and New York City Economic Development Corporation – provides Fellows with the incredible opportunity to work on various assignments across City government and help to advance New York City’s housing, planning, and economic development goals. Learn more about our talented group of Fellows:
NYC Welcomes New Cohort of Housing & Planning Fellows
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