August 11, 2016
Current President Gary Rodney to become Chairman of CREA
NEW YORK––Mayor Bill de Blasio today nominated Eric Enderlin for President of the Housing Development Corporation (HDC), which plays a critical role in the preservation and creation of affordable apartments. Enderlin is currently Deputy Commissioner at the Department of Housing Preservation and Development (HPD), where he oversees the agency’s Office of Development. Enderlin has been a crucial leader in the City’s record-breaking efforts to build and protect affordable housing. Enderlin’s nomination will be voted on by the HDC board. HDC’s current president, Gary Rodney, is leaving to become Chairman of CREA, LLC, a national low income housing tax credit syndicator.
“Our affordable housing machine has never been stronger in our city’s history. We welcome Eric Enderlin, whose wealth of experience in Housing Preservation and Development will take us to new heights in affordable housing in New York City. I am confident that Eric will promote the progressive values of our City and work to make it a place where anyone can thrive,” said Mayor Bill de Blasio. “We are immensely grateful for Gary Rodney’s incredible contributions to the Housing Development Corporation, and the historic levels of affordable housing he helped to spur on.”
The Housing Development Corporation is the City's housing finance arm and the nation’s largest municipal housing finance agency. Upon approval of his nomination, Enderlin will continue the impressive work begun by Rodney at the agency, which has significantly stepped up the creation and preservation of affordable apartments across New York City. Since the start of this administration, HDC has entered the most prolific and innovative period in its history, issuing more than $3.9 billion in bonds and financing more than 25,000 of the units built or preserved to date under Housing New York. More than $1.5 billion of that amount were issued through the new “Sustainable Neighborhood Bond” program, which launched successfully last year as the nation’s first social responsibility bond in the affordable housing marketplace.
“I am delighted to be nominated to this important position, and have the opportunity to build on the critical gains that have resulted in record-breaking production of affordable housing in New York City over the past two years. HDC is the financial backbone of the mayor’s plan to build and protect an ambitious 200,000 affordable homes in 10 years. Gary brought know-how and a roll-up-your sleeves attitude. I cannot wait to carry forward the work with this incredible team,” said Eric Enderlin, Deputy Commissioner of the Department of Housing Preservation and Development.
“Leading HDC during the launch of the most visionary housing plan in this nation’s history has been a privilege and an honor. I could not be more grateful to Mayor de Blasio for allowing me to be a part of that vision, and I could not be more proud of HDC’s board and staff for the many successes and milestones we achieved together. I congratulate Eric and know that his talent, skill and creativity will lead the HDC team to even greater success as Housing New York continues its incredible progress. And, I look forward to working with Jeff Whiting and the senior management team at CREA in my new role,” said Gary Rodney, President of the Housing Development Corporation.
About Eric Enderlin
Eric Enderlin currently serves as Deputy Commissioner for Development and Special Advisor at HPD, overseeing divisions including New Construction Finance, Preservation Finance, Housing Incentives, Property Disposition and Finance, Special Needs Housing, Building and Land Development Services (BLDS), Storm Recovery, and Credit and Underwriting. He has primary responsibility for the agency’s housing production that, under the Housing New York Plan, has reached historic levels. Among other initiatives, Enderlin and his team have secured the preservation of major affordable housing portfolios like Stuyvesant Town and Riverton Houses, spearheaded one of the first municipal purchases of distressed Federal Housing Authority notes, expanded programs to support mixed-income and mixed-use projects, and developed new financing for the housing of seniors and the formerly homeless. In addition, Enderlin ensures that the Office of Development is closely coordinated with other critical functions of the agency, including Neighborhood Strategies, Planning, Code Enforcement, and Asset Management.
Prior to working at HPD, Enderlin was Assistant Director for Asset Management and Private Market Operations at NYCHA; worked as a consultant with the Louis Berger Group in its Economics Department; and, served as Principal Planner and land use mediator with the New Jersey Council on Affordable Housing (NJ COAH). He holds a Bachelor of Arts in economics and a Master of Science in urban planning and policy, both from Rutgers University.
Enderlin, 50, lives with his partner, David Parish, in Greenwich Village.
About the New York City Housing Development Corporation (HDC):
HDC is the nation’s largest municipal Housing Finance Agency and is charged with helping to finance the creation or preservation of affordable housing under Mayor Bill de Blasio’s Housing New York plan. Since 2003, HDC has financed more than 120,000 housing units using over $13.7 billion in bonds, and provided in excess of $1.6 billion in subsidy from corporate reserves. HDC ranks among the nation’s top issuers of mortgage revenue bonds for affordable multi-family housing on Thomson Reuter’s annual list of multi-family bond issuers. In each of the last four consecutive years, HDC’s annual bond issuance has surpassed $1 billion. For additional information, visit: http://www.nychdc.com