FINANCIAL_SERVICESAPPROVED

NYC Housing Development Corporation (HDC) Awards Financial Services Contract to Federal Home Loan Bank of New York (November 2025)

HDC approved up to $2.1 billion in multifamily housing revenue bonds, with a portion of variable-rate bonds to be purchased by the Federal Home Loan Bank of New York. The put feature allows FHLBNY flexibility, and HDC plans staged repayment from available funds if exercised.

Status
APPROVED
Document date
November 19, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Federal Home Loan Bank of New York
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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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $2,136,325,000 for bonds; portion to be purchased by FHLBNY
Contract type
FINANCIAL_SERVICES
Contract term
Varies by bond; initial put feature with 12 months' notice, anticipated 3-5-year repayment on principal if put
Renewal
FHLBNY may give quarterly notice to put bonds after 12 months; possible 3-5 year principal repayment period triggered by put.
Document type
Minutes
Source document
New York City Housing Development Corporation Minutes November 2025

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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)?

Federal Home Loan Bank of New York was awarded this financial services contract by NYC Housing Development Corporation (HDC), as recorded on November 19, 2025. The contract value is Not to exceed $2,136,325,000 for bonds; portion to be purchased by FHLBNY.

How much is the Federal Home Loan Bank of New York contract with NYC Housing Development Corporation (HDC) worth?

The Federal Home Loan Bank of New York contract with NYC Housing Development Corporation (HDC) is valued at Not to exceed $2,136,325,000 for bonds; portion to be purchased by FHLBNY, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in New York City Housing Development Corporation Minutes November 2025 (Minutes), dated November 19, 2025 from NYC Housing Development Corporation (HDC). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Federal Home Loan Bank of New York hold?

Federal Home Loan Bank of New York 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 Federal Home Loan Bank of New York'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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