Financing affordable homes for New Yorkers.

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Image courtesy of SLCE Architects

New York City

Image courtesy of SLCE Architects

1880 Rendering

Image courtesy of SLCE Architects

1880 Rendering

Image courtesy of SLCE Architects

Collin Powell Apartments

Collin Powell Apartments

Mission Statement

The 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-, moderate-, and middle-income New Yorkers.

The Latest

four images of Willets Point Commons development. Top left shows exterior facade of building. Top right is image of interior of unit. Bottom left shows the building's gym. Bottom right shows exterior entrance of buildings.

four images of Willets Point Commons development. Top left shows exterior facade of building. Top right is image of interior of unit. Bottom left shows the building's gym. Bottom right shows exterior entrance of buildings.

Press Release

Related Companies and Sterling Equities Announce Conclusion of the Willets Point Commons Housing Lottery

Mar 4, 2026

Images of people lined up in front a dirt, posing for photo while holding shovels at the Timbale Terrace groundbreaking

Images of people lined up in front a dirt, posing for photo while holding shovels at the Timbale Terrace groundbreaking

Press Release

Mamdani Administration Breaks Ground on Timbale Terrace Affordable Housing Development

Feb 18, 2026

rendering of Archer two building

rendering of Archer two building

Press Release

NYC Housing Development Coporation, NYC Department of Housing Preservation and Development, and BRP Companies Announce Closing of $303 Million Construction Financing for Archer Towers II in Jamaica, Queens

Jan 28, 2026

Rendering of Arverne D building

Rendering of Arverne D building

Press Release

New York City’s First Net-Zero Community Moves Forward as Arverne East Development Team Closes on $278.8 Million in Financing for Arverne East Building D on Queens’ Rockaway Peninsula

Dec 29, 2025

rendering of Renova West building

rendering of Renova West building

Press Release

City and Project Partners Announce Financing of 266 New Affordable Apartments at 860 Concourse Village East

Dec 22, 2025

Group of people posing in front of a ribbon, celebrating the opening of Baisley Bond Park apartments

Group of people posing in front of a ribbon, celebrating the opening of Baisley Bond Park apartments

Press Release

Adams Administration, Slate Property Group, and Riseboro Celebrate Opening of Baisley Pond Park Residences – NYC’s First-Ever Hotel-to-Affordable Housing Conversion

Dec 18, 2025

graphic of a house with hands in front, and text reading affordable housing lottery

graphic of a house with hands in front, and text reading affordable housing lottery

Press Release

Related Companies and Sterling Equities Announce Opening of the Housing Lottery for Willets Point Commons

Dec 12, 2025

Image of skyline of New York City

Image of skyline of New York City

News

Most Pro-Housing Administration in City History: Mayor Adams Implements Expanded Housing Preference for City Employees and Military Veterans

Nov 11, 2025

News

Most Pro-Housing Administration in City History: Mayor Adams Will Invest Additional $1.8 Billion this Fiscal Year to Speed Up Creation of Thousands of New Affordable Homes

Sep 29, 2025

Image of skyline of New York City

Image of skyline of New York City

News

Most Pro-Housing Administration in City History: Mayor Adams Announces Progress Creating Nearly 10,000 New Homes on City-Owned Sites

Sep 25, 2025

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