Community Preservation Corporation elects new board members

Politico NY
December 22, 2015
By Sally Goldenberg

The Community Preservation Corporation has elected two new members to its board of directors.

Ingrid Gould Ellen, faculty director at NYU's Furman Center and an urban policy and planning professor at NYU's Robert F. Wagner School of Public Service, and Carol Joseph, a former partner and business department co-chair at law firm Blank Rome, will join the board.

Rafael Cestero, president of the nonprofit lender that finances affordable housing, called Ellen "one of the foremost critical thinkers in the housing policy field."

Ellen has conducted research on neighborhoods, housing and residential segregation and authored "Sharing America's Neighborhoods: The Prospects for Stable Racial Integration."

She previously worked as a policy adviser of the federal department of Housing and Urban Development.

Cestero called Joseph "a trailblazer throughout her career" and "an expert in real estate finance, particularly with regard to Freddie Mac and other key programs and policies that are integral to affordable housing."

During her time at Blank Rome, she worked on the acquisition and financing of multi-family Real Estate Investment Trust portfolios and has closed on more than $15 billion in financing transactions for sale to Fannie Mae and Freddie Mac, CPC said.