New York City Housing Development Corporation
Welcome
Message from HDC President & Chair
Dear Partners,
As we present you with the 2019 Annual Report and reflect on the past year, it is hard to overstate how much our world has changed in the months that followed. At the time of publication of this report, we find ourselves in the midst of an unprecedented health crisis that has upended our economy and drawn into sharp relief the significance of home. It has also revealed disparities in our society as communities of color have been disproportionately impacted by COVID-19.
At the same time, people across the city and the nation have banded together to protest police violence and call for an end to the structural racism that underlies so many of our institutions. This is a difficult moment in history, but we see hope in the call for change and are proud of how HDC and our fellow agencies are rising to the challenge.
And so as we look back at 2019, we reflect on all we have accomplished to promote greater social equity in our communities, while also providing greater well-being and economic security to New Yorkers through the development of affordable housing.
In 2019, HDC helped the City in achieving record numbers of affordable homes for those New Yorkers in greatest need. This means more housing to help many of our aging seniors live without fear of being displaced from their communities, more housing to help our city’s formerly homeless individuals and families find a greater sense of stability and independence, and more housing to help some of our city’s lowest income households prosper.
Thanks to our work with the NYC Department of Housing Preservation and Development and so many valued partners, by the end of 2019 we had achieved a total of 147,933 homes created and preserved to date under the Housing New York 2.0 plan.
The 2019 Annual Report highlights some of the milestones of our work this year, while walking through the complex yet seamless process required to get developments shovel ready, constructed, and leased-up so that we can fulfill our ultimate goal of moving New Yorkers into safe, secure, and affordable homes.
As we navigate the challenges and uncertainties before us, we are heartened by the creative and dedicated partnerships that represent our industry. We thank you for all you have done to present viable solutions in this time of crisis and for everything you continue to do to advance affordable housing as a both a catalyst for economic recovery and the creation of a more diverse and equitable city.
Eric and Louise