Tishman Speyer Launches Affordable Housing Platform
The company has hired affordable housing expert, Gary Rodney to establish and manage the New York City platform.
NEW YORK CITY – Affordable housing expert, Gary Rodney has been appointed to establish and manage Tishman Speyer’s new affordable housing platform.
In the newly-created position of managing director, Rodney will source opportunities to acquire, construct and redevelop quality housing, as an affordable living option for low-income and middle-income residents throughout New York City’s five boroughs.
The company’s new platform will initially, solely focus on the New York City region.
“Now more than ever, our public and private sectors must work together to create a new generation of quality affordable housing for New Yorkers of all income levels,” Rob Speyer said. “We all must do our part in addressing an affordability gap that affects thousands of people, including those who perform vital tasks in our hospitals, schools, construction sites and other essential institutions. I am thrilled that Gary Rodney will help lead this charge within Tishman Speyer.”
Throughout his more than two decades of experience in developing and financing affordable housing, Rodney most recently served as chairman of CREA LLC, where he worked to finance quality affordable housing throughout the country for four years. Prior to his time at CREA, Rodney served as New York City Housing Development Corporation’s president, where he oversaw $14 billion in assets and $10 billion in mortgage loans. He also previously served at EVP of development at Omni New York LLC and as director of development at BFC Partners.
“I am honored to join the deep, experienced and ever-growing team of design, finance, construction and development professionals at Tishman Speyer,” Rodney said. “Tishman Speyer combines unparalleled placemaking and attention to detail with an innate ability to take on complex challenges. I am looking forward to seeing these skills brought to bear in the affordable housing space.”
Rodney additionally currently serves on the board of directors for the NYU Furman Center for Real Estate and Urban Policy, the Community Preservation Corp., the New York State Assoc. for Affordable Housing and the New York Housing Conference.
