Lauren Connors

NYC Housing Development Corporation

(New York City Housing Development Corporation)

Owner

Person Activity past 24 months:

Lender signatory: 17 for $3 billion

Top Ten Associated Companies:

Phipps Houses (3), Slate Property Group (2), Lemle & Wolff Companies (2), Settlement Housing Fund (2), Hudson Companies (2), BRP Companies (2), Mega Contracting Group (2), L+M Development Partners (2), 3400 Fort Independence Street cooperative (1), Related Companies (1)

Top Ten Associated People:

Jacqueline Tom (2), Joseph J. Zitolo (2), David Kramer (2), Hercules Argyriou (2), Michael Wadman (2), Carole Haas (1), Frank Monterisi (1), Steve Krasman (1), David Schwartz (1), David Beer (1)

Recent activity as signatory:

Douglaston Development and Entertainment Community Fund borrowed $7.7 million from NYC Housing Development Corporation for 513 West 48 Street on April 28, 2026.

Related Companies borrowed $153.8 million from NYC Housing Development Corporation for 38-02 126 Lane on April 22, 2026.

Joy Construction, Maddd Equities and Bogopa Enterprises borrowed $139.4 million from NYC Housing Development Corporation for 1941 Jerome Avenue on April 16, 2026.

L+M Development Partners borrowed $312 million from Goldman Sachs and NYC Housing Development Corporation for 116 Beach 36 Street on December 23, 2025.

WHEDco borrowed $28.5 million from NYC Housing Development Corporation for 1334 Intervale Avenue on December 22, 2025.

Mega Contracting Group borrowed $200.4 million from NYC Housing Development Corporation for 109 East 118 Street on December 18, 2025.

Phipps Houses borrowed $184 million from NYC Housing Development Corporation for 275 Chestnut Street on December 18, 2025.

Mega Contracting Group and BronxWorks borrowed $169.3 million from NYC Housing Development Corporation for 395 East 166 Street on December 18, 2025.

Settlement Housing Fund borrowed $102.3 million from NYC Housing Development Corporation for West 28 street on June 26, 2025.

Lantern Organization borrowed $18.5 million from NYC Housing Development Corporation for 1853 Bathgate Avenue on June 20, 2025.

Latest Stories:

• Camber signs $605M rehab construction loan for 1,527-unit Linden Plaza complex in East New York (January 31, 2025)

• Camber acquires 1,758 units in East New York from DeMatteis for reported $845M (January 27, 2025)

• Blackstone Group signs $550M refi for 899-unit 8 Spruce in FiDi (December 12, 2024)

• Maddd Equities pays $22.6M for 333-unit dev site in Morris Heights (September 17, 2024)

• Settlement Housing Fund files plans for 172-unit building in Coney Island (August 16, 2024)

• Hudson Cos., St. Nicks sign $194.6M construction loan for 310-unit affordable project in East Williamsburg (July 10, 2024)

• Douglaston Development signs $106.8M construction loan for 158-unit project in Hell’s Kitchen (March 04, 2024)

• Related, Sterling Equities, file plans for 221-unit building in Willets Point, 3rd project filed (February 10, 2024)

• Phipps files plans for 327-unit rental in Cypress Hills (February 10, 2024)

• Phipps signs $218.9M construction loan in Far Rockaway (January 25, 2024)

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