News: Brokerage

Abad of CHI moderates panel discussion on affordable housing trends

Shown (from left) are: RuthAnne Visnauskas, commissioner and CEO of New York State Homes and Community Renewal; Jeffrey Ginsburg, president & CEO, Volunteers of America – Greater NY; Denise Miranda, acting commissioner, NYS Division of Human Rights; Ron Abad, CEO of Community Housing Innovations; Madeline Fletcher, VP, small & mid-size development, NYS HCR, and Joel Kolkmann, senior VP, real estate development and planning, Empire State Development.

Manhattan, NY Ron Abad, CEO of Community Housing Innovations (CHI), was the moderator of a panel on affordable housing trends at the state level. The panel was part of an all-day Affordable Housing Summit sponsored by City&State New York.

Panelists included Madeline Fletcher, vice president, small & mid-size development, NYS HCR; Denise Miranda, acting commissioner, NYS Division of Human Rights; Jeffrey Ginsburg, president & CEO, Volunteers of America – Greater NY, and Joel Kolkmann, senior vice president, real estate development and planning, Empire State Development.

Abad opened, noting the purpose of the panel was to explore the latest trends and developments in affordable housing at the New York state level, focusing on 1) funding opportunities and capital improvement initiatives, 2) innovative approaches to addressing the housing crisis and 3) availability and accessibility of affordable housing. Another panel scheduled right afterwards focused on New York City and the outer counties.

Fletcher discussed the Homeownership Development work at HCR, highlighting the Affordable Homeownership Opportunity Program, which provides construction and permanent funding for homeownership developments.

Miranda emphasized the importance of combating housing discrimination, particularly in the context of national origin and citizenship, and real estate appraisal discrimination, both barriers to the availability and accessibility of affordable housing for New Yorkers.

Ginsburg discussed the challenges of building and operating affordable housing, including the need for better compensation for nonprofit workers and the importance of partnerships.

Copeman explained the role of Empire State Development (ESD) in housing development, highlighting the agency’s history and tools for redevelopment, including tax incentives and zoning override. He said ESD is currently working on several housing projects, including the Creedmoor Psychiatric Center in eastern Queens and the Lincoln Correctional Facility in Harlem.

The keynote speaker was RuthAnne Visnauskas, commissioner and CEO of New York State Homes and Community Renewal. She highlighted key affordable housing initiatives included in the recently approved NYS budget.

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,