FINANCIAL_SERVICESAPPROVED

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

NYC HDC Approves New Housing Impact Bonds Underwriter

Not to exceed $220,000,000 (bond principal); Underwriters’ fee not to exceed 0.75%-1.75% of principal plus expensesNYC Housing Development Corporation (HDC)UNDERWRITERS (TO BE DESIGNATED)June 14, 2026

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Description

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.

Contract Details

Contract Amount

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

Vendor

UNDERWRITERS (TO BE DESIGNATED)

Agency

NYC Housing Development Corporation (HDC), NY

Contract Type

FINANCIAL_SERVICES

Document Date

June 14, 2026

Contract Term

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

Renewal Info

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.

Issuing Agency

NYC Housing Development Corporation (HDC)

Public Authority

New York, NY

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Vendor