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Bank of NY Swap Provides Stability to HDC Debt

NYC-Housing Development Corporation logoNYC-Housing Development Corporation
Disclosed value
$150,000,000 hedge outstanding, $150,000,000 notional
From report
Document date
May 28, 2026
Term
7/1/2025 – 7/1/2045
Renews
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The 30-second brief

What it covers

HDC maintains a $150 million swap with Bank of NY, paying 1.7365% through July 2045 to hedge variable bonds.

Who holds it

Bank of Ny holds this financial services contract with NYC-Housing Development Corporation. Its other public contracts on record include work for Highland Mud and Louisiana Deferred Compensation Commission | State of Louisiana.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every NYC-Housing Development Corporation contract.

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Contract details

Contract type
Financial Services
Amount
$150,000,000 hedge outstanding, $150,000,000 notional
Document date
May 28, 2026
Term
7/1/2025 – 7/1/2045
Renews
Free account
Vendor
Bank of Ny
Agency
NYC-Housing Development Corporation
Source document
NYC HDC Debt Report as of April 30, 2026 (Report)

Bank of Ny's other public contracts

Highland Mud, TexasBank of NY Continues District Bond Paying Agent Role · Jul 7, 2026Louisiana Deferred Compensation Commission | State of Louisiana, LouisianaBank of NY Standby Letter Of Credit Set For Discontinuation · Jun 16, 2026UndisclosedHighland Mud, TexasBank of NY Listed as District Bond Paying Agent · Jun 2, 2026City of Biddeford, MaineCity continues payments on 2013 CSO bond with Bank of NY · Apr 28, 2026City of Biddeford, MaineCity pays 2013 roof replacement bond to Bank of NY · Apr 28, 2026All Bank of Ny contractsVendor profile

More NYC-Housing Development Corporation contracts

TRUSTEENYCHDC Officers Authorized to Select Bond Trustee · Jun 14, 2026UndisclosedBANKBank to Provide Letter of Credit for 2026 Bonds · Jun 14, 2026UndisclosedUnderwriters (To Be Designated)NYC HDC Approves New Housing Impact Bonds Underwriter · Jun 14, 2026Tender Agent (To Be Designated for Variable Interest Bonds)Tender Agent Appointment Approved for Impact Bonds · Jun 14, 2026UndisclosedRemarketing Agent (To Be Designated for Variable Interest Bonds)Remarketing Agent Engagement for NYC Impact Bonds · Jun 14, 2026UndisclosedAll NYC-Housing Development Corporation activityAgency profile

Questions about this contract

Who was awarded the financial services contract by NYC-Housing Development Corporation?

Bank of Ny was awarded this financial services contract by NYC-Housing Development Corporation, as recorded on May 28, 2026. The contract value is $150,000,000 hedge outstanding, $150,000,000 notional.

How much is the Bank of Ny contract with NYC-Housing Development Corporation worth?

The Bank of Ny contract with NYC-Housing Development Corporation is valued at $150,000,000 hedge outstanding, $150,000,000 notional, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in NYC HDC Debt Report as of April 30, 2026 (Report), dated May 28, 2026 from NYC-Housing Development Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Bank of Ny hold?

Bank of Ny may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is NYC-Housing Development Corporation currently buying?

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

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