City of New York

Unverified
Country
United States
Sector
U.S. States
Website
www.spglobal.com
4 Second Party Opinions

XF Company Profile

Extra-financial information found across 4 documents in the XframeworkID registry

NACE O Public Administration & Defence

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
City of New York, United States SPO 2025
Issuer sector/industry classification
Local government SPO 2025
Issuer organizational structure
Municipal government SPO 2025
Issuer type
Local/Municipal government SPO 2025

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Social Financing Framework SPO 2022
Bond types covered under framework
Social bonds SPO 2025
Framework publication date and update history
2022 SPO 2022
Eligible use-of-proceeds categories
Affordable housing development and maintenance, Extremely Low- and Low-Income Affordability (ELLA) Program, Supportive Housing Loan Program (SHLP), Senior Affordable Rental Apartments SPO 2022

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
S&P Global Ratings, Sept. 29, 2025 SPO 2025
SPO assessment scope and methodology
Assessment of alignment with ICMA Social Bond Principles 2025 and evaluation of how material sustainability factors are addressed SPO 2025

Standards & Regulatory Alignment

Alignment with ICMA Social Bond Principles or Sustainability Bond Guidelines
Aligned with Social Bond Principles, ICMA, 2025 SPO 2025

Issuance Details

Bond instrument type
Taxable Social Bonds SPO 2025
Bond issuance date
2025 SPO 2025
Par or principal amount of bond and currency
$400 million USD SPO 2022

Corporate Strategy & Mission

Corporate mission and sustainability strategy
HPD mission to promote quality and affordability of housing and diversity and strength of neighborhoods through affordable housing development and maintenance SPO 2022

Proceeds Allocation & Reporting

Number of financed projects
Nearly 800 housing units total; approximately 288 units for formerly homeless (36% of total) SPO 2025

Changes Over Time

Items where disclosed information changed across documents.

Eligible use-of-proceeds categories
2022 Affordable housing development and preservation; Low-income housing programs including ELLA Program, SHLP, and SARA Program
2024 Affordable housing for formerly homeless residents
2025 Affordable housing for formerly homeless persons
SPO assessment scope and methodology
2022 Alignment with Social Bond Principles
2023 Assessment of alignment with third-party published sustainable finance principles and opinion on how issuer's material sustainability factors are addressed by the financing
2025 Opinion on whether documentation aligns with third-party published sustainable finance principles and how issuer's material sustainability factors are addressed by financing
Alignment with ICMA Social Bond Principles or Sustainability Bond Guidelines
2022 ICMA Social Bond Principles, 2021
2025 Aligned
Bond instrument type
2022 Social Bond (Taxable General Obligation)
2023 Social Bond
Bond issuance date
2022 September 20, 2022
2024 2024-09-18
2025 September 29, 2025
SPO assessment date
2023 September 15, 2023
2024 2024-09-18
2025 September 29, 2025
Number of financed projects by category
2024 Over 1,700 housing units for formerly homeless
2025 Nearly 800 housing units, with approximately 36% (approximately 288 units) for formerly homeless