Gary D Rodney

Gary D Rodney is the President of the New York City Housing Development Corporation (HDC); one of the nation’s most active Housing Finance Agencies and the largest issuer of mortgage revenue bonds for affordable multi-family housing. He was nominated to the position by Mayor Bill de Blasio in February 2014, following years of distinguished service in both the public and private sectors. He brings to the position a deep understanding of the affordable housing industry and its importance in fostering healthy and economically diverse communities. Most previously, he served as Executive Vice President for Development at Omni New York LLC, a real estate development company known for focusing on the preservation and development of affordable housing properties. While at Omni, Mr. Rodney was responsible for acquiring and preserving more than 5,500 units of affordable housing in New York and Massachusetts, including turning around some of the most troubled properties in the New York Metropolitan Area. Prior to joining Omni, Mr. Rodney oversaw the development of both market rate and affordable developments as the Director of Development for BFC Partners, a New York City based real estate development company. His appointment to HDC President marks a return to the agency by Mr. Rodney: he first joined the Corporation in 2001 as a development project manager, rising by 2005 to Vice President for Development with responsibility for supervising transactions worth more than $1 billion annually in tax-exempt and taxable bonds. Since returning as HDC President, Mr. Rodney now oversees an agency that manages approximately $13 billion of assets, including a multifamily portfolio of over 190,000 units and approximately $9.7 billion in mortgage loans. Under his leadership, the agency has entered the most prolific and innovative period in its history, issuing approximately $2.7 billion in bonds and launching New York City’s plan to build or preserve 200,000 units over ten years. To implement that plan, Mr. Rodney has extensively revised the financing terms of the corporation’s programs and piloted new financial strategies and partnerships to leverage more housing production. Notably, he launched HDC’s “Sustainable Neighborhood Bonds”, a first in affordable housing that focuses on the mission to create diverse and sustainable neighborhoods while also attracting new interest in the marketplace from investors known for targeting other socially and environmentally beneficial products. In addition to the recognition HDC has achieved for these various achievements under his leadership, Mr. Rodney was personally honored by Crain’s New York Business when he was included in the 2015 edition of their annual “40 under 40” list. This list recognizes individuals across all professions who have made significant contributions to the tapestry of New York City. Mr. Rodney received his B.A. from the University of Rochester and a Masters of Urban Planning from New York University’s Robert F. Wagner Graduate School of Public Service. He and his wife Joan currently live with their family on Manhattan’s Roosevelt Island in New York City.