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  • 482 Franklin Avenue, Brooklyn

    Named in honor of Reverend Elliot J. Hobbs. HDC issued $16 million in tax-exempt recycled bonds for the construction financing.

  • Harlem River Point North, Manhattan

    This development will contain a total of 172 units. There will be a preference for qualified households displaced by Hurricane Sandy.

  • Hunter's Point South, Queens

    Hunter's Point South is the largest affordable housing development in the Bloomberg Administration's New Housing Marketplace Plan

  • Arbor House, The Bronx

    Arbor House includes 124 Units of Affordable Housing, an Energy Efficient Smart Design and a Rooftop Farm

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News

affordablehousing.jpg HURRICANE SANDY RESPONSE:
To keep up to date on the City's response to Hurricane Sandy, please visit: www.nyc.gov/html/index.html

If you are a NYC resident displaced by Hurricane Sandy, you can learn about housing options and register with the City of New York for help in finding interim or long-term housing:

https://webapps.hpdnyc.org/NYCHousingRecovery/Housing.html#home


Investors: Please click (Investors – Disclosure Statements) for information regarding Hurricane Sandy.

HCR, HPD, HDC, The Hudson Companies And Camba Housing Ventures Celebrate Groundbreaking Of Phase II Of New Green Affordable Housing Development In The Spring Creek Section Of Brooklyn
Brooklyn, NY — The NYC Department of Housing Preservation and Development (HPD), New York State Homes and Community Renewal (HCR), NYC Housing Development Corporation (HDC), joined The Hudson Companies, and CAMBA/CAMBA Housing Ventures today to celebrate the groundbreaking of the next phase of the energy- efficient, mixed-use, affordable housing Gateway Elton Street development in the Spring Creek section of Brooklyn. The new buildings will be located at 516 and 524 Vandalia Avenue, and 526 Schroeders Avenue. The three buildings totaling 175 affordable rental units comprise the second phase of the three phase development, will usurp Gateway Elton Street Phase I as having the largest solar energy system on a residential development in all of New York State .... Read More

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2011 Annual Report

ar-2011.jpgBy the end of 2011, under Mayor Michael R. Bloomberg’s New Housing Marketplace Plan, HDC had issued more than $6.5 billion in bonds and devoted more than $1 billion in cash subsidy to fund nearly 60,000 of the more than 128,000 units already completed or under construction. In the 2011 calendar year alone, the Housing Development Corporation (HDC) and the Department of Housing Preservation and Development (HPD) funded more than 18,000 units for low-, moderate-, and middle-income New Yorkers —14,458 preserved and 3,606 new construction—creating thousands of construction and construction-related jobs along the way. From the beginning to the close of the 2011 calendar year, HDC had accomplished a great deal —funding the construction, refinancing or   renovation of enough housing to shelter nearly 30,000 New Yorkers.  Download 2011 Annual Report