Sustainable Neighborhood Bonds

In 2015, the New York City Housing Development Corporation (HDC) introduced Sustainable Neighborhood Bonds, a new category of social investment bonds and the first for affordable housing in the United States.  Building upon the strength of the municipal market in Green Bonds and the growing interest in socially targeted investing, HDC created this new category of bonds to finance socially beneficial projects, specifically the new construction and preservation of affordable housing projects that contribute to the stability and economic diversity of neighborhoods across New York City.

This latest innovation, Sustainable Neighborhood Bonds will advance the goals of Mayor Bill de Blasio’s Housing New York: A Five-Borough, 10-Year Housing Plan, which seeks to create and preserve 200,000 affordable units for low and middle income New Yorkers, while fostering thriving and diverse neighborhoods. 

The Bonds, initially authorized by the HDC Board of Directors on June 9, 2015, are issued to allow investors to invest directly in bonds that finance the new construction and preservation of affordable housing projects that stimulate economic growth and revitalize neighborhoods. 

In addition to the affordability and holistic community development components, Sustainable Neighborhood Bonds also address environmental benefits, building on the work HDC does through the Enterprise Green Communities Criteria, the only comprehensive green building framework designed for affordable housing. 

View the 2017 Sustainable Neighborhood Bonds Annual Report 

View the 2016 Sustainable Neighborhood Bonds Annual Report

For NYCHDC’s most recent Neighborhood Sustainable Bond Issues, please refer to the Official Statements tab under the Investors Section.

Featured Developments

Beach Green North, Edgemere, Queens

1345 Rogers Avenue, Flatbush, Brooklyn

Tremont Renaissance, East Tremont, The Bronx 

Genesis Year 15, Harlem, Manhattan

Castleton Park, St. George, Staten Island