Affordable Housing's Liability Insurance Program: "A New Path Forward"

Please join the NYU Furman Center for a special lunch-and-lecture presentation on Tuesday, October 15th at 12:00 p.m. featuring Susan Camerata, Principal and Chief Financial Officer of Wavecrest Management, and John Crotty, founding member of Workforce Housing Group. They will be presenting "Affordable Housing's Liability Insurance Program: 'A New Path Forward'" in person at Furman Hall, Room 326, as well as over Zoom.

Due to seating constraints, in-person seating is only open to members of the NYU community. Lunch will be served at 12:00 PM and the presentation will begin at 12:30 PM.

Please register to attend in person here.

Virtual attendees are welcome to register via Zoom.

The Milford Street Association was founded by a group of affordable housing developers to confront and mitigate the unsustainable rise in liability insurance costs. Liability insurance expenses in NY have surged beyond the capacity of basic operational costs and rents, causing many affordable housing projects to face total collapse. Despite this looming crisis, the government has shown little inclination or capacity to intervene. The Milford Street Captive is both an economic and operational platform designed specifically for the affordable housing sector. Its creation represents a decisive act of self-preservation by its owners and managers, intended to protect and preserve affordable housing as an indispensable resource for the residents of our City and State.

About the Presenters:

Susan L. Camerata is a Principal and Chief Financial Officer at Wavecrest Management. She supervises the accounting, legal, and administrative departments, meets with government officials and agencies, manages client engagement, and drives new business. Susan has spent her career with Wavecrest, with 35 years at the helm.  Susan has used her company and platform to maximize Wavecrest’s community engagement, providing job opportunities, developing new initiatives for personal development and education for both residents and staff, and ensuring stable living conditions for low-income community members. Susan prides herself on being a part of an organization that can make a real difference in the lives of others.

John Crotty has a diverse background with over 25 years of experience in housing, government and finance in a variety of capacities. Prior to founding Workforce Housing Group, John was the Executive Director of JPMorgan Chase’s municipal housing finance group, which he was hired to start in 2007. Prior to joining JPMorganChase, John was the Executive Vice President of the New York City Housing Development Corporation (HDC) from 2004 to 2007. Prior to joining HDC, John was Mayor Bloomberg’s Director of City Legislative Affairs. In that position, he was responsible for passage of New York City’s $50 Billion budget as well as the smoking ban, tort reform, land use actions, and countless other matters before the City Council. In 2013, Governor Cuomo appointed John to serve, and the NYS Senate confirmed him, as a member of the Gaming Commission. John holds a Master in Business Administration from Columbia Business School and a Bachelor of Arts from the University of Rochester.