New York City Housing Development Corporation Resolution Authorizing the Issuance of Housing Impact Bonds, 2026 Series B 2026-05-28
Facility Agreement Approved with Merchants Bank of Indiana for 2026 Bonds
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Description
The New York City Housing Development Corporation authorized a Facility Agreement with Merchants Bank of Indiana as administrative agent for itself and certain other entities in connection with the issuance of Housing Impact Bonds, 2026 Series B. This agreement provides for advances and administrative services related to the financing of the 2026 Mortgage Loan.
Contract Details
Vendor
MERCHANTS BANK OF INDIANA
Agency
NYC Housing Development Corporation (HDC), NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
As specified in the 2026 Facility Agreement
Renewal Info
Renewal or extension will follow provisions as set forth in the 2026 Facility Agreement. The agreement's term is coordinated with the bond financing timeline and the 2026 Mortgage Loan.
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Related Contracts
New York City Housing Development Corporation Resolution Twenty-Third Supplemental Housing Impact Bond Resolution 2026-05-28
APPROVEDlynn_town_council_minutes_november_2025.pdf
DISCUSSEDtown_of_albany_council_minutes_june_2025.pdf
approvedri-housing-resolution-authorizing-multifamily-housing-revenue-bonds-rock-ridge-project_87b.pdf
approvedindianapolis-public-schools-report-2024-12-13_72d.pdf
ONGOINGIssuing Agency
NYC Housing Development Corporation (HDC)
Public Authority
New York, NY
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