Comments (11)

Feb 21, 2018

Maybe I am being dense, but can you be more specific? Developers? Tax credit buyers? Equity investors?

In the most troll-ish sense, the federal, state, and city governments are the biggest investors in NYC affordable housing.

But there are a ton of funds that help finance affordable housing acquisitions that fly under the radar, so asking about operators/developers can be a more meaningful question

Feb 21, 2018

My fault - apologies.

I was referring to active owner/operators (family office level to quasi institutional) in the NYC metro area with a focus on Brooklyn, Queens, Bronx and Northern Manhattan.

Feb 21, 2018

L+M, BFC(/PDP), Omni, Dunn, PRC, Arker, Jonathan Rose. Couple of market rate developers are migrating into the space (e.g. Slate). Not a ton of affordable-focused companies; obviously everyone dabbles due to 421a or MIH.

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Best Response
Feb 21, 2018

[sits down with some fresh-brewed coffee ready to do hours of research to prepare a list, ordered by size, of NY's twenty biggest low-income housing investors]

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Feb 22, 2018
prospie:

[sits down with some fresh-brewed coffee ready to do hours of research to prepare a list, ordered by size, of NY's twenty biggest low-income housing investors]

Seriously. "Please do my homework and/or curate a list for me to cold call"

Feb 22, 2018

Kushner co., A&E. Look up the deal sheet on therealdeal.com too and see who's been most active lately.

Feb 23, 2018

I mean, this is sort of the question of what defines an affordable housing investor. Kushner buys a lot of "affordable" units but is also notorious for being a predatory landlord and flaunting rent stab. Does the question revolve around companies that focus on responsible development or preservation of low income units, or any company that buys a unit that is subject to some sort of rent regulation? Because those are VERY different questions.

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Feb 23, 2018

All true. But my interpretation of the OP saying low income was more just low-mid income stock and areas in outer boroughs, much of which just happen to be regulated by association.

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Feb 22, 2018

Don't mean to derail the thread but who are the biggest affordable housing brokers?

Feb 23, 2018

Do you want a few or the top 15 to 20?

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Feb 24, 2018
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