NEW YORK CITY—Former White House official, HUD regional administrator and Bronx Borough president Adolfo Carrión Jr. has joined the Stagg Group, a housing development firm.
As EVP, he will help reposition and grow the company into a large-scale, affordable and market-rate development firm that will work in concert with federal, state and city housing development and finance agencies.
“We are excited to have Adolfo on our team and recognize the value of his broad experience and knowledge in urban planning, housing and economic development,” says Mark Stagg, CEO and founder. “We have been investing in the Bronx for almost two decades now; we think the quality of our work speaks for itself; and we are ready to expand into the other boroughs.”
Adds Carrión, “As the city is poised to develop tens of thousands of new housing units under Mayor de Blasio's plan, the Stagg Group is prepared to produce high quality and environmentally sustainable housing, and do it in partnership with local leaders and a local workforce. I'm inspired by Mark's history of employing hundreds of people from the communities where Stagg Group builds and his understanding that families and neighborhoods thrive if people have a good place to live and a good job.”
He adds, “We look forward to working in partnership with local leaders to address the specific development needs of their neighborhoods. I believe the best way to stop the cycle of failed neighborhood revitalization efforts is to work with homegrown developers who understand and are part of the communities where they are building.”
Carrión's consulting firm, Metro Futures, will continue to service clients and be involved in real estate development.
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