September 22, 2016, New York, NY – Today, The New York City Housing Development Corporation (HDC) Board approved the appointment of Eric Enderlin as President. Nominated by Mayor Bill de Blasio, Mr. Enderlin will play a key role in furthering the administration’s vision of creating and preserving 200,000 units of affordable housing over the 10 years.
Mr. Enderlin brings more than 20 years of experience in public policy and affordable housing. Most recently he served as Deputy Commissioner for Development & Special Advisor at HPD, overseeing a vast array of that agency’s divisions including New Construction, Preservation Finance, Property Disposition, Special Needs Housing, Building & Land Development Services, Storm Recovery, and Credit & Underwriting. In that role, Eric has already been instrumental to the historic levels of affordable housing production that have been achieved to date under the Housing New York plan.
Eric’s prior public and private sector experience include positions at The New York City Housing Authority, the Louis Berger Group, and The New Jersey Council on Affordable Housing. He holds a Bachelor of Arts in Economics and a Master of Science in Urban Planning & Policy; both from Rutgers University.
Current HDC President Gary Rodney, who is leaving the agency at the end of this month to become Chairman of CREA, LLC, a private sector syndicator of affordable housing tax credits, presented Eric’s nomination before the HDC Board. “I congratulate Eric and know that his talent, skill, and creativity will lead the HDC team to even greater heights as Housing New York continues its incredible progress,” said Mr. Rodney.
HDC Chair, and HPD Commissioner, Vicki Been chaired today’s Board Meeting. “I thank Eric for the tremendous work he has done at HPD and congratulate him on his appointment as HDC President,” she said. “I look forward to working closely with him to further the efforts of both agencies as we work to achieve our common goal: a more affordable and equitable New York.”
“I thank Mayor de Blasio and the HDC Board for this opportunity,” said Mr. Enderlin. “I look forward to continuing my work with The Mayor, as well as Deputy Mayor Alicia Glen, Vicki Been and all our partners in implementing his visionary housing plan. I am especially grateful that this role will enable me to both lead the team at HDC and continue working with my colleagues at HPD. I know first-hand the depth and talent of both agencies, and I feel fortunate to have their support as I accept this new and exciting challenge.”
The Housing Development Corporation is the City's housing finance arm and the nation’s largest municipal housing finance agency. Since the start of this administration, HDC has entered the most prolific and innovative period in its history, issuing more than $3.9 billion in bonds and financing more than 25,000 of the units built or preserved to date under Housing New York. More than $1.5 billion of that amount were issued through the new “Sustainable Neighborhood Bond” program, which launched successfully last year as the nation’s first social responsibility bond in the affordable housing marketplace.
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About the New York City Housing Development Corporation (HDC):
HDC is the nation’s largest municipal Housing Finance Agency and is charged with helping to finance the creation or preservation of affordable housing under Mayor Bill de Blasio’s Housing New York plan. Since 2003, HDC has financed more than 120,000 housing units using over $13.7 billion in bonds, and provided in excess of $1.6 billion in subsidy from corporate reserves. HDC ranks among the nation’s top issuers of mortgage revenue bonds for affordable multi-family housing on Thomson Reuter’s annual list of multi-family bond issuers. In each of the last four consecutive years, HDC’s annual bond issuance has surpassed $1 billion. For additional information, visit: http://www.nychdc.com
