New York City Housing Development Corporation
Banking, 110 William St, New York, 10038, United States, 201-500 Employees
Phone Number: 17*********
Who is NEW YORK CITY HOUSING DEVELOPMENT CORPORATION
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- ...
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Headquarters: 110 William St, New York, New York, 10038, United States
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Date Founded: 1971
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Employees: 201-500
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Revenue: $100 Million to $250 Million
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Active Tech Stack: See technologies
SIC Code: 
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Frequently Asked Questions Regarding New York City Housing Development Corporation
Answer: New York City Housing Development Corporation's headquarters are located at 110 William St, New York, 10038, United States
Answer: New York City Housing Development Corporation's phone number is 17*********
Answer: New York City Housing Development Corporation's official website is https://nychdc.com
Answer: New York City Housing Development Corporation's revenue is $100 Million to $250 Million
Answer: New York City Housing Development Corporation's SIC: 6799
Answer: New York City Housing Development Corporation's NAICS: 921120
Answer: New York City Housing Development Corporation has 201-500 employees
Answer: New York City Housing Development Corporation is in Banking
Answer: New York City Housing Development Corporation contact info: Phone number: 17********* Website: https://nychdc.com
Answer: 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 HDCs 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 nations 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 magazines 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.
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