NYC Housing Development Corporation Ranked Number One Issuer Of Multifamily Affordable Housing Bonds In 2012 And Again Ranks In Nation’s Top Five Affordable Housing Lenders

    NYC Housing Development Corporation Ranked Number One Issuer Of Multifamily Affordable Housing Bonds In 2012 And Again Ranks In Nation’s Top Five Affordable Housing Lenders

    NEW YORK, N.Y. – April 2, 2013 – (RealEstateRama) — The New York City Housing Development Corporation (HDC) has posted another record-breaking year, ranking first on Thomson Reuters list of multi-family bond issuers and third in Affordable Housing Finance Magazine’s annual ranking of affordable housing lenders. From January through December 2012, the Corporation issued $1.065 billion in bonds and provided more than $1.8 billion in financing that was raised from the sale of bonds and the provision of other corporate subsidies. Over the course of the year, HDC financed the construction and/or preservation of 11,400 apartments

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    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

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