Darryl C. Towns, Commissioner/CEO of
NYS Homes and Community Renewal
In 2011, Darryl C. Towns was appointed by Governor Andrew M. Cuomo to lead NYS Homes and Community Renewal (HCR) as Commissioner/CEO. HCR includes all the state’s housing and community renewal agencies and programs, and implements the Governor’s bold housing and community renewal agenda.
As the Commissioner of the State’s integrated housing and community renewal agencies and programs, Mr. Towns is charged with the application and execution of the Governor’s House NY Program, an unprecedented $1 billion investment to create and preserve more than 14,000 affordable housing units, including preserving 8,600 units of critical middle-income Mitchell Lama housing stock.
This is the largest state investment in affordable housing in nearly two decades and augments HCR’s annual base funding to administer more than $1.5 billion to expand affordable housing opportunities and build strong communities. Additionally, HCR monitors a portfolio of more than 220,000 units.
In 2012, with Co-op City in the Bronx, the largest Mitchell-Lama development in the state, set to exit the program, HCR joined with HUD and New York City in guaranteeing a $621 million refinanced loan. The loan will pay for renovations and will also preserve affordability for 35 years, averting the projected loss of affordable housing for 60,000 residents.
Commissioner Towns also serves as the Chair of the Roosevelt Island Operation Corporation’s (RIOC) Board of Directors. Prior to his appointment, Commissioner/CEO Towns served in the NYS Assembly for 18 years where he chaired the Banking, Veterans, Small Business, and Science &Technology Committees, as well as the Black, Puerto Rican, Hispanic & Asian Legislative Caucus.
The Commissioner was honored for 20 years of distinguished public service by the New York and National Housing Conference in 2014. Bill Mulrow, former chairman of HCR’s Housing Finance Agency and State of New York Mortgage Agency, appointed as Secretary to the Governor said, “To be selected by your peers for the public service award is a great achievement, so congratulations; you’ve done an amazing job here at the agency.”
Since 2011, HCR resources have helped finance more than 26,000 affordable homes for vulnerable New Yorkers. And 2014 closed a record year for HCR, with 9,363 affordable housing units created or preserved. Under Governor Cuomo’s leadership the agencies achieved this milestone, awarding or leveraging more than $7 billion of public and private investment to build on the successes of the House NY program.
Commissioner Towns is a graduate of North Carolina Agricultural and Technical State University and a veteran of the U.S. Air Force. He is the son of former Congressman Edolphus "Ed" Towns and lives in Brooklyn with his wife, Karen Boykin-Towns, and their daughters, Jasmine and Trinity.
Last Updated: 03/23/15