NYC-Housing Development Corporation Awards Financial Services Contract to New York City Department of Housing Preservation & Development (November 2025)
NYC-Housing Development CorporationCity · New York, NY- Disclosed value
- Not to exceed $49,797,000
- From minutes
- Approved
- Nov 19, 2025
The 30-second brief
HDC approved participation in up to $49.8 million in funding swap initiatives with HPD to stabilize preservation housing and Cluster Sites projects, with reserves replenished by future City Capital funding.
New York City Department of Housing Preservation & Development holds this financial services contract with NYC-Housing Development Corporation. Its other public contracts on record include work for New York City Geographic District #16 and Department of Probation (DOP).
Term as filed: Anticipated December 2025; specific loan terms per project.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $49,797,000
- Document date
- November 19, 2025
- Term
- Anticipated December 2025; specific loan terms per project
- Vendor
- New York City Department of Housing Preservation & Development
- Source document
- New York City Housing Development Corporation Minutes November 2025 (Minutes)
New York City Department of Housing Preservation & Development's other public contracts
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Questions about this contract
Who was awarded the financial services contract by NYC-Housing Development Corporation?
New York City Department of Housing Preservation & Development was awarded this financial services contract by NYC-Housing Development Corporation, as recorded on November 19, 2025. The contract value is Not to exceed $49,797,000.
How much is the New York City Department of Housing Preservation & Development contract with NYC-Housing Development Corporation worth?
The New York City Department of Housing Preservation & Development contract with NYC-Housing Development Corporation is valued at Not to exceed $49,797,000, 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. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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