Message from HDC President & Chair
Thanks to the dedicated efforts of countless individuals across government, nonprofit, and private sectors, the City financed more than 34,000 homes this year under the Housing New York plan.
Overall, HDC has contributed to roughly half of the 122,000 affordable homes created and preserved under Housing New York to date thanks, in part, to more than $8 billion in bond issuance since the start of the plan.
By engaging in collaborative partnerships and deploying innovative financing strategies, HDC helped to finance 44 projects in 2018 – enough to provide more than 44,500 New Yorkers with the safety and security of a home they can afford.
At new construction developments like Landing Road and Stone House, HDC is helping to provide formerly homeless New Yorkers and other vulnerable populations with the support and means to live their lives comfortably and with dignity.
We are fostering economic growth and opportunity in our neighborhoods through efforts to transform some of our city’s remaining vacant land into large-scale, mixed-use developments like the multi-phased Hunters Point South and Coney Island projects.
And, as we advance the goals of the accelerated Housing New York 2.0 plan, we are delivering on promises to our elders under the Seniors First program and protecting our communities with anti-displacement measures like those set forth in the Neighborhood Pillars program. We have also made great strides to secure the affordability of our existing affordable housing across the city, including our remaining Mitchell-Lama housing stock.
These accomplishments, of course, are made possible thanks to our many dedicated partners. Thanks to a truly collaborative effort, we are making the most of limited affordable housing resources and have made great strides in our advocacy to maximize the tools needed to meet the ever-growing demand for affordable housing across our city and nation.
We are proud to invite you to review HDC’s 2018 Annual Report featuring highlights of a year filled with so many remarkable achievements, and a year of record-breaking affordable housing production for New York City. HDC looks forward to joining you all as we continue our work to ensure New York remains a city for everyone.