About Us





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.
 





2007 Annual Report
 
2007 Annual Report HDC’s 2007 Annual Report highlights another year of significant growth. During the fiscal year ending on October 31, 2007, we continued our growth in total assets to $8.2 billion, up 11.6 percent over 2006 levels, and sold thirty-seven series of bonds totaling $1.08 billion. These impressive sums are being used to provide mortgage and loan financing for multi-family affordable housing projects in all five boroughs of New York City. The report also features stories about several New Yorkers and their families who found affordable housing in the buildings financed by HDC.