Stephen G. Kliegerman
President of Development Marketing
The current market for affordable housing and a complete roundup of current developments in Brooklyn and citywide will be the focus of the 10th Annual New York State Affordable Housing Conference, set to take place on Wednesday, May 6, at the Marriott Marquis in Manhattan.
The conference will feature several panels on topics ranging from “Challenges and Trends in the Current Market” to “The Community Reinvestment Act (ARC) and Development,” and will present the major players in the affordable housing development field as well as those involved in proposed legislation.
Just last week, City Council Speaker Christine Quinn announced the details of her “Affordable Housing Recovery Program,” which aims to turn vacant luxury residential units into affordable sales and rental housing.
Between Quinn’s new plan and Mayor Bloomberg’s initiative to build and preserve 165,000 units of affordable housing over 10 years, as well as Governor Paterson’s commitment of $235 million in affordable development across the state affordable housing in New York City is a hot-button issue right now.
The commonality you’ll hear from politicians is that we need more affordable housing — but what about the affordable housing options currently available? Lottery systems reportedly have lapsed in affordable developments and, for the first time, affordable units are sitting vacant.
One of the biggest problems is that consumers aren’t aware that they can even qualify for affordable or income-restricted units — income restrictions are as high as $192k in some cases.
The following are two of the featured speakers:
• NYC affordable housing developer Frank Anelante, partner at Lemle & Wolff and co-founder of NYSAFAH (New York State Association for Affordable Housing), who will discuss what is happening in the affordable industry today and how his current affordable (income-restricted) development in Harlem, Beacon Towers, is faring in today’s climate.
• Stephen G. Kliegerman, executive director of Halstead Property Development Marketing, who will discuss how affordable development is for the first time hitting the open market.
In addition, there will be a session titled “Affordable Housing 101,” offering all the basics about affordable housing generally; and a roundup of all the affordable developments under construction and already open around the five boroughs.
The event will take place from 8 a.m. to 6 p.m. The Marriott Marquis is at 1535 Broadway at 46th Street in Times Square.
For a copy of the full agenda and other details, please visit www.nysafah.org/conference/index.html
Tuesday, May 05, 2009