On Wednesday, October 26, 2022, the Federal Reserve Bank of New York hosted an in-person event centered on the need for affordable housing that includes services for low- and moderate-income older adults in the Second District. The event brought together policymakers, financers, developers, and senior housing advocates to detail barriers to the financing and development of affordable service-enriched senior housing and describe successful models for overcoming those barriers. Participants also weighed the potential for partnerships between public, private, and nonprofit organizations to finance and develop such projects.
October 26, 2022
2:30pm – 5:00pm EDT (Reception to follow)
Federal Reserve Bank of New York
Benjamin Strong Conference Room (10th floor)
33 Liberty Street
New York, NY
In-person event only.
This in-person event was open to the public and the media. All remarks were on the record and the event was recorded. The recording will be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.
Otho Kerr, Director of Strategic Partnerships and Community Impact Investing, Federal Reserve Bank of New York
|2:35pm-3:05pm||Presentation: The Current Landscape and the Need for Affordable Service-Enriched Senior Housing
Jennifer Molinsky, Project Director, Housing an Aging Society Program, Joint Center for Housing Studies of Harvard University
|3:10pm-4:00pm||Case Studies: Existing Affordable Senior Living Models, Innovations in the Field, and What Is Needed to Expand Such Models
Moderator: Jonathan Kivell, Director of Community Investments, Federal Reserve Bank of New York
Dave Cocagne, President & CEO, Vermillion Development
Elizabeth Davis, Executive Director, Bright Side Manor
Claire Guerette, Executive Director, St. Margaret’s House
|4:10pm-5:00pm||Discussion: What is the Government Doing and What Does It Plan to Do to Handle the Increasing Need for Affordable Senior Housing with Services?
Moderator: Candace Robinson, Director, Healthy Communities, Capital Impact Partners
Brett Friedman, Partner, Ropes & Gray; and former Deputy Commissioner and State Medicaid Director at New York Department of Health
Jennifer Jacobs, Assistant Commissioner for the Division of Medical Assistance and Health Services, New Jersey Department of Human Services
Liz Misa, Senior Vice President, Ostroff Associates; and former Deputy Medicaid Director at New York Department of Health
Jake Scott, Community Development Analyst, Federal Reserve Bank of New York
Visit the New York Fed's page on Community Development
Ten Insights About Older Households From The 2020 State Of The Nation’s Housing Report
Affordable Housing as a Key Piece of Older Adults' Long-Term Services and Supports: Solutions that Consider the Whole Equation