It's not news that living in New York City is expensive. Fifty percent of New Yorkers are spending a third of their income on rent, an additional 33% are spending half of their incomes on rent and part of the lasting damage of Hurricane Sandy was the destruction of affordable homes. However, many groups within New York City are dedicated to the issue of affordable housing. Both for-profit and nonprofit groups are working on the issue and there is both city and capital budget dedicated to providing affordable housing. But there is still the pressing question of who will affordable housing serve -- low-income or middle-income?
In this session we learn from the Atlantic Yards' modular housing program, City of New York's adAPT NYCCompetition, and Phipps Houses' Hunter's Point South. Project champions will discuss lessons, challenges, and the future of affordable housing.
Speakers: Kathryn Matheny, Chief of Staff & Deputy Commissioner for Strategy and Operations at the New York City Department of Housing Preservation and Development; Daniel Nissenbaum '88, Director, CRA Programs for the Urban Investment Group (UIG) of Goldman Sachs; Robert P. Sanna, Executive Vice President and Director of Construction & Design Development of Forest City Ratner; and Adam Weinstein, President and CEO, The Phipps Houses Group; Chair, Phipps Community Development Corporation. Moderated by Leanne Lachman, President, Lachman Associates; Executive-in-Residence, Columbia Business School.