Housing Development Corporation, NYC (HDC)


HDC is a corporate governmental agency constituted as a public benefit corporation and established in 1971 under Article XII, Private Housing Finance Law. HDC encourages the investment of private capital through low-interest mortgage loans and provides safe and sanitary dwellings for families and persons whose housing needs cannot be met by unassisted private enterprise. Through the issuance of bonds and notes, provides construction and/or permanent financing for multifamily residential housing.

The corporation is composed of the Commissioner of the Department of Housing Preservation and Development as Chairperson, the Director of Management and Budget and the Finance Commissioner, all ex-officio; and four public members, two appointed by the Mayor, and two by the Governor. Members continue to serve until a successor has been appointed.



  120 Broadway, 2nd Floor New York, NY 10271    Map this

Contact Numbers

Members (HDC Board)

Chairperson - Adolfo CarriĆ³n, Jr. , Ex officio
Jacques Jiha, PH.D , Ex officio
Preston Niblack , Ex officio
Harry E. Gould, Jr.
Mayoral Appointee.
Mayoral Appointee.
Charles G. Moerdler, Esq.
Gubernatorial Appointee.
Denise Scott
Gubernatorial Appointee.


Eric Enderlin , President.
First Executive Vice President & Chief Operating Officer - Ruth Moreira
Executive Vice President, Development - Lauren Connors
Executive Vice President & General Counsel - Susannah Lipsyte
Executive Vice President and Chief Financial Officer - Cathleen A. Baumann
Executive Vice President for Capital Markets and Investments - Ellen K. Duffy
Executive Vice President for Asset Management & EVP, REMIC - Terry A. Gigliello
Chief Information Officer - Paul Cackler
Chief Risk Officer - Mary Hom
Senior Vice President for Administration and External Affairs & Chief of Staff - Elizabeth Strojan
Vice President, Communications - Ilana Maier