Preserving Affordability – March 22

 Hosted by Historic Districts Council 


Pratt Institute’s Historic Preservation Graduate Program

Co-sponsored by AIA Brooklyn and the AIANY Historic Buildings Committee

Wednesday, March 22, 2023
9:00 am – 12:00 pm
via Zoom

Everyone agrees that New York City is facing an affordable housing crisis. Adaptive reuse and rehabilitation of historic buildings has in many cases proven to be an effective way to preserve both affordability and built fabric. What are the policies, strategies, and funding opportunities available to achieve this beneficial “double bottom line”? This half-day symposium for developers, architects, and other housing and preservation practitioners, will take an in-depth look at successful examples where historic buildings have been rehabilitated for new affordable housing. 

Presenters will focus on recent case studies in New York City and walk attendees through how these successful projects happened. Additional presentations will dive into technical aspects of rehab and adaptive reuse projects, from using historic rehabilitation tax credits in conjunction with affordable housing credits, an explanation of RAD/PACT for these projects, and how to assess historic significance and confirm eligibility for financial incentives. The final panel will feature experts from New York City and beyond discussing how we can encourage more of this work and change the narrative so historic rehabilitation is more frequently seen as an appealing and feasible solution.

List of Panelists:

Al Shehadi is the principal of Shehadi Advisory, a financial advisory firm serving the community development sector. Shehadi Advisory provides services to lenders, investors and borrowers, with a particular expertise in historic and new markets tax credit transactions. Al has 30 years of experience in housing, healthcare and community development finance. Previous to Shehadi Advisory, Al ran the originations side of Enterprise Community Investment’s New Markets Tax Credit (NMTC) program and expanded Enterprise’s work in twinned historic-tax credit (HTC) – NMTC transactions in urban neighborhoods. Prior to Enterprise, Al was a senior originator for the National Trust Community Investment Corporation, where he structured more than $100mm of HTC and HTC-NMTC investments, including the first twinned HTC-NMTC investment in the country. Al started in community development finance more than 20 years ago at the National Equity Fund, a leading national syndicator of Low-Income Housing Tax Credits (LIHTC).

Mark Ginsberg, FAIA, LEED AP, a partner at Curtis + Ginsberg Architects, has over 35 years of professional experience in planning, urban design, institutional, and housing projects. A native New Yorker, his leadership in sustainable design, resiliency, and mixed-income housing has been nationally recognized through his many public speaking engagements. His work with C+GA is community and policy focused and has resulted in over 20,000 units of housing, much of it designated low-income and affordable. Mark has a Master of Architecture degree from the University of Pennsylvania and a Bachelor of Arts from Wesleyan University. He serves as the President of the Citizens Housing and Planning Council and is a Board Member and Policy Committee co-chair of NYSAFAH.

Mark Zimet has been the Director of Development at Dunn Development Corp. since 2004. Prior to that, he was the Director of Capital Projects for Volunteers of America – Greater New York, where he worked for eight years. Back in the 1990’s Mark spent a year in the management training program at the Port Authority of NY/NJ after getting a Masters of Public Administration at Columbia’s School of International and Public Affairs (SIPA). It was in graduate school that Mark was first introduced to affordable housing development, taking part in an affordable housing competition sponsored by Chase Bank to secure grant funding for PAES (a non-profit supportive housing group, now Brooklyn Community Housing and Services). Mark went to college at Washington University in St. Louis.

Fee: $75 general, $65 for individuals affiliated with co-sponsoring organizations

Continuing Education credits for architects will be available

Sponsorship: Support begins at $250 and includes logo and listing on event materials, mention at the event, and discounted tickets offered to anyone who is affiliated with a co-sponsoring organization.

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