Furman Center Policy Breakfast: Reimagining New York State's Role in Affordable Housing Development: Embracing Greater Risk for Greater Reward?

Register for the event here.

NOTE: This event is in-person and will be streamed online.

Please join the NYU Furman Center on the morning of October 9th for a panel discussion on the growing calls for state and local governments to play a more direct role in investing, financing, building, and owning new housing.

As the housing crisis deepens and consensus builds around the need to increase supply, policymakers are evaluating the opportunities and risks of government-led housing development. Across the nation, mixed-income models are emerging that range from direct government involvement in development and ownership to public financing at varying risk levels. Each approach requires careful consideration of financial, regulatory, and operational risks, as well as the need to balance the existing affordable housing portfolio with long-term public benefit and sustainability.

Experts in urban policy, housing finance, and public administration will explore the potential benefits and challenges of New York City and New York State taking a more active role in multifamily housing development, with a focus on mixed-income financing models that blend public and private investments. The discussion will also examine the challenges governments would face as developers, including managing risks and ensuring financial sustainability while achieving affordability goals.

Our Panel
Nicole Ferreira, President, CPC Mortgage Company
Ruthanne Visnauskas, Commissioner, New York State Homes and Community Renewal
Sherry Wang, Managing Director, Goldman Sachs, Urban Investment Group
Stockton Williams, Executive Director, National Council of State Housing Agencies

Our Moderator
Matthew Murphy, Executive Director, NYU Furman Center
Refreshments will be served.