NYC Housing Development Corporation Counterparty Credit Risk Exposure Report 2026-05-28
Bank of America Continues $85M Interest Rate Hedge
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Description
NYC HDC maintains an $85,000,000 interest rate hedge with Bank of America NA, effective through March 2044.
Contract Details
Contract Amount
$85,000,000
Vendor
BANK OF AMERICA NA
Agency
NYC Housing Development Corporation (HDC), NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
2/13/2026 – 3/1/2044 (interest rate hedge)
Renewal Date
2044-03-01
Renewal Info
Long-dated swap, expires March 2044; renewal not defined.
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EXTENDEDIssuing Agency
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Public Authority
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