On Thursday, April 25, 2024, the Federal Reserve Bank of New York, in partnership with the NYU Furman Center, hosted a hybrid event on the development of affordable housing on land owned by faith-based organizations.
The event was of interest to leaders of faith-based organizations, capital providers, developers, and other key stakeholders. The discussion explored real-world examples of how faith-based organizations have partnered with developers of affordable rentals to expand the housing options in their neighborhoods.
This was the second event in a series exploring the role land-owning nonprofit institutions can play in developing affordable housing. The first, “Fostering Neighborhoods: Hospitals and the Development of Affordable Housing,” was held on March 7, 2024. The recording of that event is available on the event page.
April 25, 2024
2:30 pm – 5:30 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 is 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 | Welcome David Erickson, head of Outreach & Education, Federal Reserve Bank of New York |
| 2:35pm-2:45pm | Lessons from the Field Claretta Nesbitt, Chair of Trustees, Rocky Mount Baptist Church |
| 2:45pm-2:55pm | Opportunity for Housing Development on Land Owned by Faith-Based Organizations in NYC Donna Borak, Director of External Affairs, NYU Furman Center |
| 2:55pm-3:50pm | Panel: Exploring the Policy Necessary to Scale from the City and State Perspective Moderator: Matthew Murphy, Executive Director, NYU Furman Center Brian Cunningham, Assemblyman District 43, New York State Assembly Bishop Dr. R.C. Hugh Nelson, Senior Pastor, Church of God of East Flatbush Linda Heinberg, Assistant Attorney General, Section Chief, Transactions, Charities Bureau, New York State Office of the Attorney General John Mangin, Head of Housing Division, NYC Department of City Planning |
| 3:50pm-4:00pm | Lessons from the Field Rod Grozier, President & CEO, Gro-Dev |
| 4:00pm-4:15pm | Break |
| 4:15pm-4:25pm | Lessons From the Field David Bowers, Vice President, Mid-Atlantic Market and Senior Advisor, Faith-Based Development Initiative, Enterprise Community Partners |
| 4:25pm-5:20pm | Panel: Tackling the Challenge of Financing Faith-Based Affordable Housing Moderator: Otho Kerr, Director of Strategic Partnerships and Impact Investing, Federal Reserve Bank of New York Adam Zeidel, CEO, Coconut Properties Kate Toth, Executive Director, Bricks and Mortals Victoria Barreca, Director Capital Solutions & Partnerships, Enterprise Community Partners Rev. James Clark III, Managing Director, Mission Real Estate Development, Trinity Church Wall Street Philanthropies |
| 5:20pm-5:30pm | Closing Remarks Vicki Been, Judge Edward Weinfeld Professor of Law, NYU School of Law and Faculty Director, NYU Furman Center |
