About HDC





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.  Our programs are designed to meet the wide-range of affordable housing needs of the City's economically diverse population. 

Apartment seekers interested in applying to an HDC-financed development can find out more information on how to obtain an application for developments now renting, by clicking here.





What is HDC?

HDC is the nation's number one issuer of bonds for multi-family affordable housing.  We are the only municipal housing finance agency in the nation to receive Top Tier designation and an AA general obligation rating from Standard & Poor's.  We issue tax-exempt and taxable bonds to finance low-cost mortgages to developers for the creation and preservation of affordable housing.
 





2009 Annual Report
 
2009 Annual ReportSince Mayor Michael R. Bloomberg’s New Housing Marketplace Plan was announced in 2002, HDC has financed the preservation or construction of 45,000 out of nearly 100,000 affordable homes, many of them on neighborhoods that had been in a state of decline for decades. The 2009 HDC Annual Report highlights the transformation and rebuilding of these communities and this housing, creating new neighborhoods for New York City’s families, new markets for affordable housing development, and new or improved housing opportunities for our most vulnerable citizens. To see our complete 2009 financial statements please click here.