More than 1,300 affordable housing developers, advocates, and industry leaders attended the New York State Association of Affordable Housing's (NYSAFAH) 12th Annual Conference in New York City where HCR's Arnie Adler, Director of the Low-Income Housing Tax Credit Program, was named Advocate of the Year.
Arnie has been with HCR's Office of Finance and Development for more than 24 years. He guides the agency's 9% Low-Income Housing Tax Credit project portfolio from initial application through construction and completion and also manages the Homes for Working Families Program. Arnie is a tremendous advocate for affordable housing in New York State. Congratulations Arnie!
HCR Commissioner/CEO Darryl C. Towns addressed a near-record crowd at the luncheon, discussing Governor Cuomo's legislative priorities and the need to continue cultivating strong partnerships to create affordable housing and better communities throughout New York State.
Commissioner/CEO Towns said, "Working together, cultivating partnerships, leveraging resources. These are hallmarks of Governor Cuomo's agenda and of HCR's as well. I am committed to keeping New York a national leader in affordable housing, to creating new and stronger partnerships, and to identifying new efficiencies. And I look forward to future successes and to working with all of you to achieve our goals together."
Commissioner/CEO Towns thanked HCR staff who lent their expertise to panel discussions throughout the day. "We have staff offering their expertise at nearly every workshop and I thank them for their participation," said the Commissioner/CEO. "HCR is fortunate to have an extremely dedicated staff committed to the mission of preserving our homes and communities. Their passion, knowledge, and experience are critical to the success of our programs."
In addition to the Advocate of the Year Award, NYSAFAH's 2011 awards included:
Not-for-Profit Partner of the Year: New Destiny Housing Corp.
Downstate Project of the Year: Castle Gardens, New York, NY, developed by The Fortune Society and Jonathan Rose Companies. Castle Gardens was financed with $21,700,000 in bonds from HFA and a low interest subsidy loan of $4,000,000. HCR also provided a $1,639,260 annual allocation of LIHTC. The permanent mortgage amount of $3,600,000 is insured by SONYMA.
Upstate Project of the Year: New Windsor Senior Apartments, New Windsor, NY, developed by Warwick Development-Jonah Mandelbaum. New Windsor Senior Apartments received $2,175,000 in Housing Trust Fund Corporation permanent financing and a Low-Income Housing Tax Credit allocation of $1,400,000.
Donald M. Halperin Award for Lifetime Achievement: Frank J. Anelante, Jr., Lemle & Wolff, Inc.
Last Updated: 5/25/2011