Leading real estate voices elected to Community Preservation Corp. board

Real Estate Weekly
January 7, 2016

The Community Preservation Corporation (CPC) announced the election of Ingrid Gould Ellen, Faculty Director of NYU’s Furman Center and Professor of Urban Policy and Planning at NYU’s Robert F. Wagner Graduate School of Public Service, and Carol M. Joseph, Former Partner and Business Department co-Chair at Blank Rome, LLP, to the CPC board of directors.

“Ingrid is one of the foremost critical thinkers in the housing policy field. Her work has helped to educate the public and drive the discussions around the housing and urban planning policies that shape our neighborhoods and affect the lives of the people who call them home,” said Rafael E. Cestero, President and CEO of The Community Preservation Corporation.

“I look forward to the unique perspective that she will bring to CPC’s board of directors in support of our core-mission to provide a stable source of capital to underserved neighborhoods.”

As the Paulette Goddard Professor of Urban Policy and Planning at NYU’s Robert F. Wagner Graduate School of Public Service and Faculty Director of the NYU Furman Center, Ellen’s research focuses on neighborhoods, housing, and residential segregation.

She is also the author of Sharing America’s Neighborhoods: The Prospects for Stable Racial Integration and editor of How to House the Homeless.

Ingrid has served as a policy advisor at HUD and held visiting positions at the Urban Institute and the Brookings Institution.

She attended Harvard University, where she received a Bachelor’s degree in applied mathematics, a Master’s in public policy, and a Ph.D. in public policy.

During her six years at the real estate finance law practice Blank Rome LLP, serving as the Business Department Co-Chair, Partner, and member of the Executive Committee until this year, Carol Joseph represented national developers of multifamily and mixed-use real estate portfolios and financiers of affordable housing developments, and directed the acquisition and financing of portfolios of multifamily Real Estate Investment Trusts.

“Carol has been a trailblazer throughout her career and is an expert in real estate finance, particularly with regard to Freddie Mac and other key programs and policies that are integral to affordable housing.

“Her commitment to serving in leadership roles with several charitable organizations was also very important to us as a mission-based not-for-profit,” said Cestero.

“It’s an honor to have Carol serve on our board where her deep knowledge of the industry will guide our work in helping communities throughout New York solve their housing and revitalization challenges.”

“I believe that the lessons and best practices that I have learned throughout my career can help CPC remain committed to providing consistent capital to New York’s most vulnerable housing markets, and I am excited for this mutual learning opportunity,” said Joseph.