LETTER FROM THE PRESIDENT & CEO
Affordable Housing Faces the Challenge of Climate Change
This is our first Housing Partnership Newsletter since the start of the pandemic, and its content shows how busy we have been, with new challenges added to our enduring goal of increasing affordable housing opportunities for New Yorkers. The task of the affordable housing community was complicated by the COVID pandemic and by the impact of climate change on all New Yorkers, especially the most vulnerable among us.
We have been evaluating how to ensure that our strategic priorities respond to ever-changing community needs. The Housing Partnership’s Board of Directors and staff reviewed how we can best address affordable housing development and preservation objectives in an era of climate change, while advancing adequate housing in the context of social equity. As detailed in these pages, as a major step in mitigating energy costs in affordable housing, the Housing Partnership established HP Sustainability Solutions, headed by Esther Toporovsky, who joined the Housing Partnership from Enterprise Community Partners.
HP Sustainability Solutions is an expansion of the Housing Partnership’s traditional role facilitating the creation of affordable housing in New York. HP Sustainability Solutions provides guidance to developers and owners of affordable properties, and to government agencies, to create and implement strategies and initiatives for clean energy adoption and building performance while reducing carbon emissions. Esther is currently working with NYSERDA and NYS Housing and Community Renewal (HCR) on their policies and procedures related to mandated energy conservation requirements for owners and developers of portfolios of multi-family buildings, as well as advising property owners on compliance with alternative energy adoption regulations.To support HP Sustainability Solutions green funding activities, and the Housing Partnership’s general grant support, Pamela Babb an experienced non profit fund-raising consultant, joined the Housing Partnership as Director, Grants and Development.
Housing Partnership Board Expands
Our Board of Directors expanded with the addition of Cheryl Gladstone, Vice President at Deutsche Bank Community Development, and Anthony Richardson, Managing Director, New York Syndications at CREA LLC.
RSA Mortgage Corp.
We continue our work with the Rent Stabilization Association where we are partners in the for-profit RSA Mortgage Corp. which obtains financing for owners of smaller apartment buildings, typically 25 unit walkups that may find borrowing difficult.
HPD Approved Marketing Agent
As an HPD approved Marketing Agent, the Housing Partnership has successfully leased more than 1,000 apartments and sold more than 15,000 condominiums, cooperatives and homes. We can create and implement affordable project’s marketing plans and process applicant files fairly and efficiently as required by HPD/HDC.
The Legacy of the Housing Partnership
Throughout our 40-year history, the Housing Partnership has been a trusted partner involved in the creation and preservation of 70,000 units of affordable housing in the five boroughs of New York City. We combine our strong working relationships with city, state and federal housing agencies with the demonstrated experience to shepherd affordable housing projects to closing and beyond.
We wish you Happy Holidays and a wonderful New Year!
– Dan Martin
President & CEO
NYC Housing Partnership