FINANCIAL_SERVICESONGOING

Bank of NY Swap Provides Stability to HDC Debt

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

Status
ONGOING
Document date
May 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bank of Ny
Agency
NYC Housing Development Corporation (HDC) · NY

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$150,000,000 hedge outstanding, $150,000,000 notional
Contract type
FINANCIAL_SERVICES
Contract term
7/1/2025 – 7/1/2045
Renewal date
2045-07-01
Renewal
Term set to end 7/1/2045.
Document type
Report
Source document
NYC HDC Debt Report as of April 30, 2026

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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)?

Bank of Ny was awarded this financial services contract by NYC Housing Development Corporation (HDC), 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 (HDC) worth?

The Bank of Ny contract with NYC Housing Development Corporation (HDC) 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 (HDC). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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.

View Bank of Ny's profile

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.

View NYC Housing Development Corporation (HDC)'s profile

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