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Housing partners honored

Real Estate Weekly, Nov 9, 2005

Time Warner Chairman and CEO Richard D. Parsons served as special guest host of the Housing Partnership Development Corporation's recent gala Recognition Luncheon.

Hundreds of affordable housing advocates and executives of companies and banks involved in the financing, developing and construction of affordable housing, attended the event at the Mandarin Oriental New York, to recognize the men and women who launched the Housing Partnership and contributed to its success.

Honorees at the Recognition Luncheon included former Mayor Ed Koch, David Rockefeller, Fred Wilpon, Deborah Wright and Kathryn Wylde.

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The Housing Partnership serves as New York City's primary intermediary for development of new, affordable and workforce homeownership housing on both public and private sites.

The Housing Partnership was established in 1982 to bring the public and private sectors together to address the City's shortage of affordable housing.

Today, 23 years later, what began as New York City's flagship affordable homeownership development organization, remains one of the largest and most successful nonprofit affordable housing intermediaries in the nation.

The Housing Partnership is responsible for the development of more than 18,000 new affordable units and the renovation and transfer to private ownership of more than 8,000 formerly city-owned apartments.

As a partner in fulfilling Mayor Bloomberg's ambitious 53 billion housing plan, the largest such initiative in 20 years, the Housing Partnership works with the New York City Department of Housing Preservation and Development to produce about 1,200 affordable housing units each year. The Housing Partnership currently' has 4,000 units that are either in construction or predevelopment.

"Affordable housing, especially in the form of home ownership, is vital to the economic and social fabric of New York City," said Dan Martin, president and CEO of the Housing Partnership Development Corporation.

"The Housing Partnership is proud to play an ongoing role in the creation of affordable housing. As we approach a quarter of a century in this endeavor, we feel it is appropriate and important to recognize the men and women of vision who established the Housing Partnership and were crucial to its success in achieving its objectives."

Shaun Donovan, Commissioner of the New York City Department of Housing Preservation and Development, said, "The strides we've made in housing and community development in New York City are a tribute to the strong foundation laid by the Housing Partnership and the honorees."

Business Services Industry

Housing partners honored

Real Estate Weekly, Nov 9, 2005

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