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The New York City Housing Development Corporation (NYCHDC) is a public benefit corporation that works to finance the creation and preservation of affordable housing in New York City. Established in 1971, the NYCHDC partners with the New York City Department of Housing Preservation and Development to address the city's affordable housing crisis. The corporation provides a variety of financing options and programs to support the development of affordable rental and homeownership opportunities for low- and moderate-income individuals and families. Additionally, the NYCHDC works to ensure that affordable housing projects are sustainable and maintain high-quality standards. Through its efforts, the NYCHDC plays a crucial role in addressing the city's housing needs and promoting inclusive and vibrant communities throughout New York City.