NYC Housing Development Corporation (HDC) Awards Financial Services Contract to Underwriters (to Be Designated) (June 2026)

The NYC Housing Development Corporation approved the issuance and sale of up to $220 million in Housing Impact Bonds, 2026 Series A & B. Bond Purchase Agreements with one or more underwriters will be executed, with capped underwriter’s fees. Final underwriter to be designated at transaction closing.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $220,000,000 (bond principal); Underwriters’ fee not to exceed 0.75%-1.75% of principal plus expenses

Contract type

FINANCIAL_SERVICES

Contract term

Upon bond issuance, specific term to bond maturity (to be set by officers)

Renewal

Fee and designated underwriter(s) determined for each bond series at issuance. Terms set in executed Bond Purchase Agreement(s). Extensions or future series require new approval/resolution.

Document type

Resolution

Source document

New York City Housing Development Corporation Resolution Authorizing Issuance of Housing Impact Bonds 2026-06-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC Housing Development Corporation (HDC)?

Underwriters (to Be Designated) was awarded this financial services contract by NYC Housing Development Corporation (HDC), as recorded on June 14, 2026. The contract value is Not to exceed $220,000,000 (bond principal); Underwriters’ fee not to exceed 0.75%-1.75% of principal plus expenses.

How much is the Underwriters (to Be Designated) contract with NYC Housing Development Corporation (HDC) worth?

The Underwriters (to Be Designated) contract with NYC Housing Development Corporation (HDC) is valued at Not to exceed $220,000,000 (bond principal); Underwriters’ fee not to exceed 0.75%-1.75% of principal plus expenses, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in New York City Housing Development Corporation Resolution Authorizing Issuance of Housing Impact Bonds 2026-06-14 (Resolution), dated June 14, 2026 from NYC Housing Development Corporation (HDC). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Underwriters (to Be Designated) hold?

Underwriters (to Be Designated) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is NYC Housing Development Corporation (HDC) currently buying?

Explore NYC Housing Development Corporation (HDC)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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