On Wednesday, April 3, 2024, the Federal Reserve Bank of New York hosted an in-person event focused on institutional investors in multifamily affordable housing. The event aimed to provide insights into investments in affordable housing by pensions, corporations, and impact investors. Panels explored opportunities for market growth, barriers to investments, and the need for equity capital to finance affordable housing development and preservation.
This event was of interest to leaders from pension funds, endowments, insurance companies, foundations, investment managers, community development organizations, banks, and affordable housing developers.
See the agenda for timing of specific conference segments.
April 3, 2024
2:30 pm – 5:00 pm
(Coffee and networking preceding event; reception to follow.)
Federal Reserve Bank of New York
Auditorium
33 Liberty Street
New York, NY 10045
This event was open to the public.
This event was open to the media. All remarks were on the record, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.
Agenda
| 2:30pm-2:35pm | Opening Remarks (00:00:09 in video) Jonathan Kivell, Director of Community Investments, Community Development and Outreach, Federal Reserve Bank of New York |
| 2:35pm-2:55pm | Research Presentation (00:01:49 in video) Greg MacKinnon, Director of Research, Pension Real Estate Association |
| 2:55pm-3:45pm | Panel: Pension Funds (00:23:41 in video) Moderator: Erika Brice, Social Investment Officer, Social Investment Practice, Kresge Foundation Alan Snoddy, Managing Director, Private Investments, The Church Pension Fund William Maher, Director of Strategy and Research, RCLCO Fund Advisors John Gluszak, Head of Real Estate at the NYC Retirement Systems, Office of The New York City Comptroller |
| 3:45pm-3:55pm | Break |
| 3:55pm-4:45pm | Panel: Investor Perspectives on Multifamily Affordable Housing (01:15:09 in video) Moderator: Amanda Nunnink, Senior Managing Director, Multifamily Impact Housing, Kayne Anderson Ommeed Sathe, Managing Director, Impact Investing & Sustainability, Liberty Mutual Investments Olivia Jaffe, Managing Director, Real Estate Investments, Schusterman Family Investments Ola Oyinsan Hixon, Portfolio Manager of U.S. Value-Add Strategies, PGIM Real Estate |
| 4:45pm-4:50pm | Closing Remarks (02:08:15 in video) Maria Carmelita Recto, Community Development Outreach Associate, Federal Reserve Bank of New York |
Alternative Investments in Community Development: A Case Study of Pension Fund Investments in Multifamily Affordable Housing (February 2024)
Pension Funds & Affordable Housing, Pension Real Estate Association
