CONTRACTONGOING

Freddie Mac Credit Enhancement Backs 2025E Mortgage Loan

Riverhead Housing Development Corproration logoRiverhead Housing Development Corproration
Document date
May 27, 2025

The 30-second brief

What it covers

New York City Housing Development Corporation relies on a Standby Credit Enhancement Agreement with the Federal Home Loan Mortgage Corporation to enhance a key mortgage loan securing the Housing Impact Bonds, 2025 Series E. The Freddie Mac facility strengthens credit support for the underlying PACT Ocean Hill Stuyvesant Gardens mortgage financing.

Who holds it

Federal Home Loan Mortgage Corporation holds this financial services contract with Riverhead Housing Development Corproration. Its other public contracts on record include work for Housing Finance Authority of Miami-Dade County and Town of Danville.

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Contract details

Contract type
Financial Services
Document date
May 27, 2025
Source document
riverhead-housing-development-corporation-resolution-housing-impact-bonds-2025-series-e-may-27-2025_d4f.pdf (Resolution)

Federal Home Loan Mortgage Corporation's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Riverhead Housing Development Corproration?

Federal Home Loan Mortgage Corporation was awarded this financial services contract by Riverhead Housing Development Corproration, as recorded on May 27, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in riverhead-housing-development-corporation-resolution-housing-impact-bonds-2025-series-e-may-27-2025_d4f.pdf (Resolution), dated May 27, 2025 from Riverhead Housing Development Corproration. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Federal Home Loan Mortgage Corporation hold?

Federal Home Loan Mortgage Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Riverhead Housing Development Corproration currently buying?

Explore Riverhead Housing Development Corproration's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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