On Wednesday December 4, 2019, the National Association for Local Housing Finance Agency (NALHFA) released its monthly Affordable Housing Podcast featuring an interview with HDC President Eric Enderlin on the ADC Genesis Year 15 Resyndication. This preservation project was the recipient of NALHFA’s 2019 Redevelopment Excellence award which recognizes successful redevelopment programs with far-reaching community impact. In the podcast, Eric highlights the creativity involved in the preservation of ADC Genesis and the range of private and public partners whose collaboration made the project possible. The ADC Genesis Year 15 Resyndication involved the transfer of ownership, restructuring of debt, and rehabilitation of a scattered-site portfolio of 28 multifamily rental apartment buildings across the Harlem neighborhood of Manhattan. This preservation effort protected 358 existing low-income households that would otherwise be at risk of displacement and contributed to the long-term affordability and diversity of the community.

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On November 1, NY1 interviewed HDC President Eric Enderlin in Coney Island at the groundbreaking of the first of a three-phased project that upon completion will result in nearly 1,000 new affordable homes for formerly homeless, very low, low and moderate income households. Financing on Coney Island Phase 1 closed this past June with more than $77 million in tax-exempt bonds provided by HDC. The project will include 446-units co-developed by BFC Partners, L+M Development Partners, and Taconic Investment Partners and joins various other residential, retail, and cultural development projects and infrastructure improvements underway in this neighborhood. Watch the NY 1 Story here:

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HDC President Eric Enderlin joins HPD Commissioner Maria Torres-Springer and project partners to celebrate the Hope East of Fifth project, which was honored at the LISC NYC 2018 Big Apple Innovation Awards. Hope Community Inc. was presented with the Opportunity Builder Award for Housing for their achievement in preserving 506 affordable apartments across 39 buildings across East Harlem. At the time of construction closing Hope East of Fifth was the largest resyndication project financed by HDC.

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January 26, 2017 - NYC Housing Development Corporation President Eric Enderlin and partners celebrate 10 years of NYC Acquisition Fund. Faced with the rising cost of land in New York City and the growing need for more affordable housing, partners from the City of New York, major philanthropic organizations, and commercial lending institutions came together to create the New York City Acquisition Fund in 2006. The NYC Acquisition Fund pools together public and philanthropic capital to offer flexible bridge loans to mission-driven developers for the purpose of creating and preserving affordable housing.  

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June 23, 2015 - Gary Rodney, President of the New York City Housing Development Corp., discusses his agency’s new sustainable neighborhood bonds program. 

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As New York City Mayor Bill de Blasio continues to ramp up his affordable housing plan, one of the main financial engines of the initiative has set out to match the challenge for a second year running.

"We got off to a great start in 2014," said Gary Rodney, president of the New York City Housing Development Corp., which issued $1.93 billion of bonds last year, ranking it first on the Thompson Reuters list of multifamily bond issuers for the third straight year...Read More

The New York City Department of Housing Preservation and Development in partnership with Blue Sea Development and Sky Vegetables, launched a new housing project in the South Bronx featuring a rooftop farm. The innovative eco-friendly building offers low-income communities not only affordable housing but also year-round employment and fresh food alternatives

On Wednesday, April 25th, The Citizens Housing & Planning Council (“CHPC”) honored our very own Rich Froehlich , for his years of service in preserving affordable housing in New York City, at a luncheon at the Marriott Marquis Hotel in Times Square. at a luncheon at the Marriott Marquis Hotel in Times Square. Presenting him with this prestigious award was Chuck Laven, President of Forsyth Street Advisors.

CHPC of New York is a non-profit research organization dedicated to improving housing and neighborhood conditions through the co-operative efforts of the public and private sectors.

To learn more about the Citizens Housing & Planning Council, please visit their website at http://chpcny.org

Elliott-Chelsea is a 168-unit 22-story building located at 401 West 25th Street on the corner of 9th Avenue in Chelsea in Manhattan built on a former NYCHA parking lot. The apartments, which feature hardwood floors, central cooling and heating, stainless steel appliances, video intercoms and granite countertops. These units are affordable to households with a mix of incomes ranging from 40% AMI ($30,702 for a family of four) to 240% of 2009 AMI ($184,320 for a family of four). Residents have access to onsite parking, laundry facilities and a green rooftop terrace that features modern furniture and planters. This building was fully rented through the HPD- and HDC-supervised lottery process. To be placed on the wait-list please contact K& R Realty Management at www.kandrrealty.com.
To review affordable opportunities in other HDC or HPD developments please visit this page www.nychdc.com and www.nyc.gov/html/hpd

This project has 20 studio units, 41 one-bedroom units, 48 two-bedroom units, 12 three-bedroom units, and one unit for the superintendent. All of the units are affordable to tenants earning no more than 80% Area Median Income (AMI) or what is equivalent to an annual household income of $63,360 for a family of four, and marked to households earning up to 100% of the AMI ($79,200 for a family of four). The project also contains approximately 8,800-square-feet of community facility space and 60 parking spaces. Close proximity to local universities, hospitals, the Bronx Botanical Gardens and the Bronx Zoo not only add to the local amenities available to potential residents. This building was fully rented through the HPD- and HDC-supervised lottery process. To be placed on the wait-list please contact www.pwbmanagement.com. To review affordable opportunities in other HDC or HPD developments please visit this page www.nychdc.com and www.nyc.gov/html/hpd

Located in the Astoria section of Queens on what was formerly an underutilized 43,829-square-foot municipal parking lot, the HANAC George T. Douris Tower has 183 one-bedroom apartments for seniors earning up to 58 percent of Area Median Income (currently $32,132 for a single person). The development also includes a senior center, integrating services and amenities such as exercise, meditation, arts and crafts, computer and conference rooms and a library that provide a supportive environment for seniors as they age in community. Pursuant to HPD and HDC policy, construction adhered to the Enterprise Green Communities Criteria, a nationally accepted green building framework for affordable housing. This building was fully rented through the HPD- and HDC-supervised lottery process. To be placed on the wait-list please contact www.hanac.org. To review affordable opportunities in other HDC or HPD developments please visit this page www.nychdc.com and http://www.nyc.gov/html/hpd