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.

In 1971, the New York State Legislature created the New York City Housing Development Corporation (HDC) as a supplementary and alternative means of supplying financing for affordable housing that was independent from the City's capital budget. At first HDC concentrated on providing financing for large-scale rental developments but now issues bonds and provides subsidy and low-cost loans to develop and preserve a variety of housing, ranging from large to small and rental and homeownership.  

The flexibility built into HDC’s authorizing statute allows it to amend its programs and goals in response to the changing economic climate. As a result, HDC has become the leading local housing finance agency in the nation, outperforming many of the nation’s largest banks in the volume and dollar amount of bonds issued. In the 2012 calendar year, HDC was ranked third nationally in Affordable Housing Finance magazine’s annual rating of the top issuers of multi-family bonds, having issued more than $1.8 billion in bonds; more than Bank of America Merrill Lynch, JP Morgan Chase and Capital One, among others. In addition, HDC has devoted more than $1.8 billion in direct subsidy from its corporate reserves to deepen affordability of the residential developments it supports. For more information on the projects and programs we support, please visit our Press Room.

Construction

Property Development

Real Estate

New York City Housing Development Corporation

Eric Enderlin

Sean Capperis

Susannah Lipsyte

Ruth Moreira

Ellen K. Duffy

Cathleen A. Baumann

The Finance and Compliance Team at the New York City Housing Development Corporation is responsible for managing the financial operations and ensuring adherence to regulatory and compliance standards. This team develops budgets, oversees capital markets activities, evaluates credit risks, and provides financial analysis to support the creation and preservation of affordable housing. Additionally, they ensure that all financing activities align with HDC's mission and federal/state regulations, contributing to the agency's success in revitalizing neighborhoods and stimulating economic growth.

Finance and Compliance Team

Legal and Governance Team

Leadership Team

Finance and Compliance Team

About

Team members

Other teams at New York City Housing Development Corporation

Legal and Governance Team

Leadership Team