Civic IQ
CONTRACTONGOING
Get alerts

PNC Swap Locks Interest Cost for HDC Bonds

NYC-Housing Development Corporation logoNYC-Housing Development Corporation
Disclosed value
$85,000,000 hedge outstanding, $85,000,000 notional
From report
Document date
May 28, 2026
Term
5/1/2018 – 11/1/2042
Renews
Free account

The 30-second brief

What it covers

HDC's interest rate swap with PNC Bank provides fixed cost certainty on $85 million notional through November 2042.

Who holds it

Pnc Bank holds this financial services contract with NYC-Housing Development Corporation. Its other public contracts on record include work for Muskingum Watershed Conservancy District and Cuyahoga Valley Career Center.

What happens next

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

Renewal date on recordLocked

Know when this contract comes back up.

See the renewal date

Free account · 30-second setup · No credit card

Contract details

Contract type
Financial Services
Amount
$85,000,000 hedge outstanding, $85,000,000 notional
Document date
May 28, 2026
Term
5/1/2018 – 11/1/2042
Renews
Free account
Vendor
Pnc Bank
Agency
NYC-Housing Development Corporation
Source document
NYC HDC Debt Report as of April 30, 2026 (Report)

Pnc Bank's other public contracts

Muskingum Watershed Conservancy District, OhioMortgage Consent Cancellation Involves PNC Bank · Oct 27, 2026$175KCuyahoga Valley Career Center, OhioCVCC Records PNC Medicare Payment · Oct 26, 2026$12.4KCuyahoga Valley Career Center, OhioCVCC Records PNC Operating Payment · Oct 26, 2026$30.5KTownship of Warren, New JerseyWarren Plans Parking Agreement With PNC Bank · Oct 22, 2026UndisclosedDenton Independent School District, TexasDenton ISD Extends Banking Services Contract With PNC · Oct 22, 2026UndisclosedAll Pnc Bank 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?

Pnc Bank was awarded this financial services contract by NYC-Housing Development Corporation, as recorded on May 28, 2026. The contract value is $85,000,000 hedge outstanding, $85,000,000 notional.

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

The Pnc Bank contract with NYC-Housing Development Corporation is valued at $85,000,000 hedge outstanding, $85,000,000 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.

Show 2 more questions

What other contracts does Pnc Bank hold?

Pnc Bank 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.

Work in government? Get Civic IQ free →
More NYC-Housing Development Corporation contracts →Browse all agencies in New York →