Annual Report
Message from HDC President Eric Enderlin
Last year, we welcomed a new Administration, and I was honored to be appointed by Mayor Adams to continue to serve as HDC President. HDC proudly partnered with the City to develop “Housing Our Neighbors: A Blueprint for Housing and Homelessness” – a plan for tackling our city’s affordable housing crisis that for the first time puts public housing residents and those experiencing homelessness front and center. The Housing Blueprint takes a more holistic approach to the housing ecosystem, building upon the truly transformative work that HDC has long done in partnership with HPD, NYCHA, and so many other agencies across city government that are dedicated to creating a more affordable and equitable New York.
Our 2022 report highlights several milestone achievements on the affordable housing front, as well as significant progress towards our commitments as the key financing partner on the NYCHA PACT program. To make this all possible, HDC issued more than $2.1 billion in bonds and other debt obligations and dedicated more than $134 million in corporate reserves to help bolster our city’s affordable housing supply and restore the health and quality of our public housing stock. As a result, we once again ranked among the top bond issuers in the nation, leading as the #1 issuer in multifamily housing revenue bonds and among the top 25 overall municipal issuers nationwide.
All of this progress is a tribute to the diligence and creativity of the entire HDC team who continue to work tirelessly to ensure that as many New Yorkers as possible have a safe, affordable place to call home.
On behalf of the team at HDC, I want to thank all our partners for joining us in this important work at such a critical moment in our city’s history. As we look forward, I remain confident that aligned with a shared sense of purpose and urgency, we can continue to meet the challenges ahead.
In 2022, HDC joined the City in helping to connect more than
to safe, stable, affordable homes
Jazleen
New Resident at Chestnut Commons, Brooklyn
“As an East New York resident, housing right now is hard to come by. Getting this apartment for me and my son, in this area, in this building, is very fulfilling. Having a safe environment for him to grow and flourish as a young man is really important to me.”
Alexis
New Resident at Bedford Green House, The Bronx
“I’ve never felt so supported and happy as I do at Bedford Green House. I’m making great strides because I have the stability of a beautiful home. And I have all the services I need, right here. Through all the programs – and the support of the staff – my neighbors and I are building a strong, caring community together.”
Featured Projects
Explore some of the projects we’ve completed in the areas of Supportive and Senior Housing, Mixed-Use Development, and Public Housing Preservation.
Looking Ahead
Amidst challenging economic circumstances, HDC worked diligently throughout the year to ultimately close 21 transactions ensuring the creation and preservation of affordability for more than 4,800 households across the city. Projects include new construction developments like Throop Corners in Brooklyn and the preservation of affordability at projects like Joe Uptown in Manhattan.
We also continued to invest in our public housing stock with projects like Harlem River where more than 1,400 residents will benefit from guaranteed affordability, tenant protections, as well as much-needed apartment repairs and building improvements.
We look forward to joining our partners in welcoming residents to their new homes at these and other soon to be completed projects in the months and years ahead.
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Throop Corners
Neighborhood
Williamsburg, Brooklyn
Development Partners
RiseBoro, the United Jewish Organizations of Williamsburg (UJO), Southside United Los Sures HDFC and the St. Nicks Alliance
Affordable Homes
Throop Corners is the first of a three-phase development plan to bring 400 units of affordable housing across 5 Passive House buildings to the formerly City-owned Broadway Triangle site. Throop Corners will include 139 units of deeply and permanently affordable housing, with 14 units designated to formerly homeless families, in addition to commercial and community space.
JOE Uptown
Neighborhood
Sugar Hill, Manhattan
Development Partners
Ecumenical Community Development Corporation (ECDO), Citizen Assisted Tenant Controlled Housing (CATCH), and the Joint Ownership Entity New York City Corporation (JOE NYC)
Affordable Homes
JOE Uptown involved the substantial rehabilitation of 9 buildings spread across Sugar Hill and Central Harlem neighborhoods of Manhattan comprising 115 deeply affordable homes and two commercial spaces. 10% of the units will be reserved for formerly homeless households upon turnover. Scope of work includes façade, stoop, and metal repairs, roof replacements, with some buildings receiving new boilers and kitchen bathroom renovations.
Harlem River
Neighborhood
West Harlem, Manhattan
Development Partners
Settlement Housing Fund (SHF) and West Harlem Group Assistance (WHGA)
Affordable Homes
PACT Harlem River is a public housing portfolio comprising 693 apartments across 8 NYCHA buildings. Residents will benefit from improvements to the site, common areas, community facility, new security systems, building exterior improvements, replacement of building systems, extensive electrical, mechanical, plumbing upgrades, and full renovation of apartment interiors. Presbyterian Senior Services, a multi-service nonprofit agency, will provide supportive services and programming including individual family social work assistance, arts and crafts classes, health and fitness activities, caregiver support groups and monthly health screenings.
Our People
As of December 31, 2022
Tolulope Aboyade-Cole
Lissette Acevedo
Vanessa Almanzar
Marion Amore
Michelle Antao
Lydia Aponte
Massandje Bamba
Melissa Barkan
Cathleen Baumann
Linda Baumann
Emanuel Bazov
Jennifer Beamish
Denis Belic
Jeremy Boyer
Lois Bricken-Mccloskey
Claudine Brown
Geraldine Brown
Mary Bruch
Stacey Burress
William Byrd
Paul Cackler
Ana Capobianco
Sean Capperis
Maria Carpio
Lisa Chambers-Washington
Iris Chang
Melinda Chen
Samantha Chen-Wong
Austin Chin
Ping Choi
Farhana Choudhury
Christina Clarke
Erika Colon
Lauren Connors
Jacqueline Cruz
Cassandra Cuascut
Antara Das
Rajesh Deb
Cory Degroot
Jonathan DeSantos
Tina Diao-Mann
Tania Dorado Molina
Nicholas Draeger
Ellen Duffy
Clarissa Dugue
Jonathan Duncan
Anna Duneghy
Denita Edwards
Eric Enderlin
Jessica Facciponti
Kealy Fallon
Nicole Forero
Chanin French
Nataliya Frolov
Serena Fung
Buoy Gallagher
Samantha Garcia
Norman Garcia
John Gearrity
Lisa Geary
Teresa Gigliello
Alison Glaser
Yvonne Glenn
Jamaine Gooding
Jamey Gorman
Horace Greene
Wendell Greene
Erika Griffith
Vincent Guglietta
Angela Guillermo
Jermal Gustave
Celina Haigood
Anthony Hascheff
Sylvia Henry
Anyu Hoang
Debra Holiday
Mary Hom
Yan Ling Hu
Qiong Huang
Sheila Iiams
Mohammed Islam
Cheyenne James
Mary John
Sabit Kaja
Ananya Kashyap
Laurel Kean
Ronald Kestelboym
Semy Khan
Denise Kimball
Adam King
Seshagiri Kintali
Sophia Klein
Alexander Kleppin-McNeal
Madhavi Kulkarni
Kaushikkumar Lad
Chiang Lam
Khiet Lam
Joseph Lara
Israel Lasalle
Nashaun Latham
Jackie Lau
Morgana Laurent
Brittany Lawrence
Min Liang
Rajavardhan Likky
Tinru Lin
Susannah Lipsyte
Justin Liu
Xu Liu
Josephine Logozzo
Uyen Luu
Binh Ly
Richard Lynch
Mohammad Mahmud
Justine Martin
Sylvia Martinez
Justin Mathew
Stephanie Mavronicolas
Irma Mbyeti
Silvia McCarty
Alejandro Medina
Sonia Medina
Sandra Mendez
Alexander Merchant
Carol Micalizzi
David Mischiu
Xiao Min Mok
Ruth Moreira
Katherine Moss
Ilana Moyer
Bonnie Nesbitt
Ira Nydick
Patrick Ogoke
Yaffa Oldak
Susan O’Neill
Trisha Ostergaard
Paris Pelham
Chantay Perry
Thaddeus Piekarski
Jacqueline Pimentel
Whitley Plummer
Johanes Poarangan
Daniel Quiroz
Maria Ramos Currah
Ali Raza
Jose Rivera
Sharon Roberts
Violine Roberty
Elizabeth Rohlfing
Edlyn Rosas
Michael Rose
Danny Rumph, Jr.
Colin Ryan
Sithichai Salacheep
Marlene Salomon
Sakshee Sani
Karen Santiago
Sylvia Santiago
Neil Saranga
Robert Schmidt
Luke Schray
Sacha-Aviva Sellam
Adelina Shyti
Manimegalai Sivaprakasam
Moira Skeados
Tiffany Small
Keri Springett-Delatour
Bonnie Sprung
Kenton Stewart
Kyle Stockburger
Elizabeth Strojan
Anclin Suarez
Paulette Todman
Susan Tso
Merin Urban
Ankita Vaid
Biju Varghese
Patricia Waller
Mei Ping Wang
Lisa Wertheimer
Sasha Williams
Terren Wing
Brian Wong
Soon Chi Wong
James Yankopoulos
Eugene Yee
Henry Yee
Wai Yin Yeung
Annie Yiu
Cheuk Yu
Yat Man Yu
Mohammad Zaman
