Event

Fostering Neighborhoods: Faith-Based Organizations and the Development of Affordable Housing

April 25, 2024

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.

WATCH THE EVENT

See the agenda for timing of specific conference segments.


Event Details

Date & Time
April 25, 2024
2:30 pm – 5:30 pm
(Coffee and networking preceding event; reception to follow.)

Location
Federal Reserve Bank of New York
Auditorium
33 Liberty Street
New York, NY 10045

Audience

This event is open to the public.

Media

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

Agenda
2:30pm-2:35pm Welcome (00:00:09 in video)

David Erickson, head of Outreach & Education, Federal Reserve Bank of New York
2:35pm-2:45pm Lessons from the Field (00:07:36 in video)

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 (00:16:00 in video)

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 (00:38:17 in video)

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 (01:30:32 in video)

Rod Grozier, President & CEO, Gro-Dev
4:00pm-4:15pm  Break
4:15pm-4:25pm  Lessons From the Field (01:50:06 in video)

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 (02:01:44 in video)

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 (02:51:05 in video)

Vicki Been, Judge Edward Weinfeld Professor of Law, NYU School of Law and Faculty Director, NYU Furman Center


Speakers

Victoria Barreca
Director Capital Solutions & Partnerships
Enterprise Community Partners


Vicki Been
Judge Edward Weinfeld Professor of Law, NYU School of Law and Faculty Director
NYU Furman Center


Donna Borak
Director of External Affairs
NYU Furman Center


David Bowers
Vice President, Mid-Atlantic Market and Senior Advisor, Faith-Based Development Initiative
Enterprise Community Partners


Rev. James Clark III
Managing Director, Mission Real Estate Development
Trinity Church Wall Street Philanthropies


Brian Cunningham
Assemblyman District 43
New York State Assembly


David Erickson
Head of Outreach & Education
Federal Reserve Bank of New York


Rod Grozier
President & CEO
Gro-Dev


Linda Heinberg
Assistant Attorney General, Section Chief, Transactions, Charities Bureau
New York State Office of the Attorney General


Otho E. Kerr III
Director of Strategic Partnerships and Community Impact Investing
Federal Reserve Bank of New York


John Mangin
Head of Housing Division
NYC Department of City Planning


Matthew Murphy
Executive Director
NYU Furman Center


Bishop Dr. R.C. Hugh Nelson
Senior Pastor
Church of God of East Flatbush


Claretta Nesbitt
Chair of Trustees
Rocky Mount Baptist Church


Kate Toth
Executive Director
Bricks and Mortals


Adam Zeidel
CEO
Coconut Properties


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