HDC Disclosure Statements
HDC's most recent disclosure can be found at http://emma.msrb.org/.
Hurricane Sandy update:
Less than 2% of the projects financed with NYCHDC’s Multi-Family Housing Revenue Bonds were impacted by Hurricane Sandy. The damages mainly related to power and heating issues with some additional, related repair needs. All of these projects either have had power and heat restored or are in the final stages of completing such restoration. Any additional repair needs have been fully assessed and the related work will be monitored closely until completion. The Corporation is encouraging property owners and residents to register and apply to FEMA for assistance. All properties in HDC's portfolio are insured and we anticipate that damages will be covered by insurance and/or FEMA.