FINANCIAL_SERVICESAPPROVED

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

NYC HDC Approves Impact Bonds Private Placement Option

Purchase price not less than 90% of principal amount plus accrued interest; up to $220,000,000 principal (across all bond series)NYC Housing Development Corporation (HDC)PURCHASERS (TO BE DESIGNATED BY PRIVATE PLACEMENT)June 14, 2026

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Description

NYC Housing Development Corporation authorized private placement or direct sale of Housing Impact Bonds, 2026 Series A & B, selecting purchasers as needed. Agreements ensure pricing and capped agency fees.

Contract Details

Contract Amount

Purchase price not less than 90% of principal amount plus accrued interest; up to $220,000,000 principal (across all bond series)

Vendor

PURCHASERS (TO BE DESIGNATED BY PRIVATE PLACEMENT)

Agency

NYC Housing Development Corporation (HDC), NY

Contract Type

FINANCIAL_SERVICES

Document Date

June 14, 2026

Contract Term

Upon bond issuance (private placement/debt term as set for bonds)

Renewal Info

Purchasers and agreement terms set for each bond series issuance; future placements require new resolution/authorization.

Issuing Agency

NYC Housing Development Corporation (HDC)

Public Authority

New York, NY

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Vendor