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From: Lisa Gomez

To: Been, Vicki (HPD); Glen, Alicia; AICP Eric Enderlin (enderlie@hpd.nyc.gov); Patchett, James
Subject: policy recs.docx
Date: Thursday, March 20, 2014 1:29:58 PM
Attachments: policy recs.docx

As promised here is a compilation of many peoples opinions from the city hall meeting. Ive tried
to streamline where possibl---no easy feat! Let me know if questions.
TO: Deputy Mayor Glen and Commissioner Been

CC: Deputy Commissioner Eric Enderlin and James Patchett

FROM: Affordable Developer Advisory Group

DATE: March 19, 2014

Thank you for the opportunity to meet with you and your teams to review concerns and suggestions to
help ensure that the Mayors housing plan to produce and preserve 200,000 affordable units is a
resounding success. On behalf of the many firms that were represented, we have attempted to compile
recommendations and suggestions along the broad outlines of our discussion, and have included both
broad and specific ideas. We look forward to a continued dialogue and more importantly, getting to
work!

As we know that you are likely in receipt of many policy and position papers, the information is
presented as a Top Ten Things to Help Spur Affordable Housing Production, with further detail as
warranted and as noted.

1. Prioritize Resources to support policy objectives; developers will follow clear priorities (see
1a-c).
2. Provide clarity of purpose/priorities in term sheets to develop a predictability in pipeline
(see 2l)
3. Align tax policy and legislation with policy objectives (see 1e-h).
4. Consider forming a working group composed of industry and agency reps to collectively
work on program improvements, cost containment measures, operational issues, etc.
Many people will gladly come to the table with good insight and this will help assure that
new programs and policies will have industry buy-in
5. For the potential of inclusionary housing to be fully realized, significant overhaul in terms of
process, incentives and execution are necessary (see 2a-l)
6. Consider lead agency underwriting for various deals rather than have HDC and HPD both
underwriting.
7. Develop a better process with OMB (perhaps OMB only underwrites termsheet exceptions)
(see3a-d)
8. Reevaluate legal departments role in balancing risk management and supporting program
goals (see 3m)
9. Reform BLDs process to relieve overburdened staff (see 2j, 3m).
10. Think boldly about revenue creation for affordable housing and creatively about structuring
scarce government subsidies (see 4f, 5a-c)
Housing Recommendations
Deputy Mayor Glen and Commissioner Been Page 2 of 8

1. PROGRAMMATIC/POLICY RECOMMENDATIONS
a. Use QAP scoring, low land cost and other mechanisms (ie published priorities in term
sheets) to target resources to priority neighborhoods, populations (e.g. senior) etc.
b. Consider upzoning economically distressed neighborhoods to make development more
feasible, and to create enough density to support local retail.
c. Work with City Planning to reduce or eliminate parking requirements in affordable housing
developments. Costly to build and often underutilized.
d. Underutilized city land Try to break down the fiefdoms that various agencies have and
use land in ways that clearly support policy objectives, affordable housing production or
others. Similarly, dont allow one agencys affordable housing subsidies to become
anothers revenue, but rather use the land as a strategic resource to fulfill the Mayors
agenda. One of the biggest impediments to permanent affordability is the term of the tax
abatement. In purely affordable buildings the imposition of full taxes at the end of the
abatement will be a real strain on building operations.
e. Consider whether there is a way to make Article II more as of right in projects that have
permanent affordability. The discretionary nature of Article II makes for difficult housing
policy discussions (likely requires legislative changes but with a Mayor and a Council whose
priorities are aligned, it might be possible).

Similarly, explore whether 420 c eligibility could be expanded for households up to 100%
AMI, where the average is 80%. This would allow a broader income mix in a given building.

Clarify and perhaps expand substantial government assistance. Whether it involves


parking or tax policy, this is already a tool in the toolbox to benefit affordle housing. Its use
and purpose should be unambiguous and not left to interpretation.

Example: 421a- In its current form the abatement allows the 20% affordable
component to reach 90% where a project has "substantial government assistance".
Have HDC lend corp reserves just during construction behind rate financing that
qualifies a project for 421 a with units affordable at 90%.

This will generate mid income units that get neglected because of IRC, have short
term and limited subsidy needs, higher income will help the actual project and
program would target an income band that gets lost in the shuffle. Also this could
be set up very quickly as all legislation is in place.

f. Explore extending tax abatements / creating long-term shelter rents for buildings where
owners voluntarily agree to increased affordability through adding middle income units
and/or agreeing to permanent affordability on existing units

2. INCLUSIONARY HOUSING:
a. Department needs more staffing and clearer direction (see above in operational). Process is
a disincentive to developers.
Housing Recommendations
Deputy Mayor Glen and Commissioner Been Page 3 of 8

b. Request more transparency or city map showing which neighborhoods and block/lots have
inclusionary bonuses
c. Too easy to opt out of affordable housing when building a market rate development and
then the affordable housing is lost
d. First of all overhaul of program to a more dynamic and broader tool. Make bonus and
districts more uniform and link the bonuses to tiers (number of affordable units in a building
of and income levels of said units). Remove the permanent affordability and make that an
opt in for a bonus and tie term of affordability term to zoning bonus.
e. Consider the formation of a working group (mix of zoning professionals developers and
government) to revamp the program and make it both user friendly and creative.
f. There are different issues for on-site inclusionary projects and off-site inclusionary projects.
HPD needs to understand and be sensitive to the differences.
g. The inclusionary units feels that because they are getting record numbers of applications
that the program currently works well. They regularly claim that their requirements have
not been obstacles for other developers/projects. What they are seemingly unaware of is
how many projects are not taking advantage of the program, forever losing the opportunity
to generate affordable housing from those buildings.
h. Immediately amend the zoning resolution accordingly if required to eliminate CEQR review.
i. Consider eliminating BLDS plan review other than to confirm zoning compliance. The reason
that minimum square footages for the different unit sizes were added to the zoning
resolution for the inclusionary program was to provide a simple standard for administering
the program. For 100% affordable projects where the inclusionary floor area equals the
zoning floor area, it would be simple for all of the review to be done by DOB or a minimal
review could be done by HPD.
j. Provide clarification on the ability to develop senior housing under the inclusionary housing
program.
k. Need to develop a clear policy on when providing/allowing subsidies and what types,
including when 421-a is involved, so developers can plan and move projects into the
pipeline.

Timing/Processing Issues to Address

The timing of when HPD will issue a written agreement/regulatory agreement is a significant
obstacle to off-site inclusionary projects and causes delays in all projects.

Off-site projects (generally serving buildings outside of the GEA and buildings in the GEA where
developers are still buying 421-a certs or paying real estate taxes) need to be able to market
their inclusionary and issue DOB letters in advance of closing on their financing or they can
never close.

In addition, for on-site projects, having the DOB letter in advance helps get through the DOB
approval process, start the DOB challenge period, and enables construction to start in advance
Housing Recommendations
Deputy Mayor Glen and Commissioner Been Page 4 of 8

of financing closing, etc. Developers regularly start construction with their own equity prior to
financing closing.

It takes time once a DOB letter is issued to get DOB plan approval, get DOB permits and then
mobilize to start construction. And the public challenge period does not start until zoning
approval is secured. It can take up to a month to get a plan examiner currently in the Borough
offices and can take several weeks in the Hub.

The inclusionary housing program was set up to allow the regulatory agreement to be issued in
advance and establishes a mechanism so all of the risk is with the market developers. This
worked fine for many years. Why was this changed? With the timing issues of the inclusionary
program already being difficult enough, this relatively new refusal to issue regulatory
agreements until closing presents substantial problems.

HPDs new requirement that all inclusionary projects go through CEQR review has added
significant delays to projects, has caused backlogs and has caused developers to forgo the
program. This was never the intent of the zoning resolution and HPD should stop requiring this.
If HPD cannot reconsider this requirement without changing the zoning resolution, the zoning
resolution should be changed. If this standard were applied consistently, every building permit
in the City would be subject to CEQR review.

For 100% affordable projects that are also using bonus on-site, there needs to be a rational
method for issuing the inclusionary housing certificate. And it should follow the procedure in the
zoning resolution.

How much underwriting review is needed, if any, when other government agencies are
financing the project and have completed underwriting review? Why cant HPD defer to HDC,
HCR etc. when they are financing and not HPD?

The zoning resolution provides for HPD to approve the administering agent which in 100%
affordable projects tends to be the developer/owner. Why is HPD doing sponsor review on the
owners in primarily market rate deals in addition to the administering agent?

3. OPERATIONAL
a. Establish a better working relationship with OMB to provide predictability for HPDs
pipeline.
b. OMB cannot re-underwrite HPD deals. Must play a reduced role especially at construction
conversion when new City Capital funds are coming in at conversion. If something was
underwritten up front there should be no opportunity to retrade.
c. Average OMB delays on conversions cost projects ~ $15,000 per week for every $10MM in
Bonds outstanding
d. OMB, HPD, HDC underwrite every deal, as well as a private debt and equity provider. There
is no need to have OMB complete another lengthy review costing the project tens of
thousands of dollars with no clear path towards closing or conversion CPs need to be
issued more frequently than once a week
Housing Recommendations
Deputy Mayor Glen and Commissioner Been Page 5 of 8

e. Reso A funds awarded should be allowed to use the funds in the permanent phase only and
not mandated to use them in construction (OMB has taken the position that if the funds
arent needed by construction closing then they arent needed for the job).
f. Tax-Exemption departments at HPD needs more staffing. Permanent certificates can take
up to 3 months to receive and recently have led to numerous 100% low income
developments being placed on the tax lien sale list.

Suggest creating a temporary 420-c issued by HPD at construction loan closing that
can also be sent to DOF to avoid the punitive consequences of tax liens.

There needs to be an online application process with a checklist (like DOB) so that
421a/420c abatements get processed faster and on a more uniform basis. First off
the initial application should trigger a notice to DOF so that bills and liens don't pile
up on affordable jobs. There should be a link to DOF so when you look up your site
there should be status of "Abatement Filed".

g. DOB/DEP/OER- Same concept of DOF. All the relevant agencies should be linked in to
understand that a project is affordable and has different budget and schedule constraints
then a market rate project does. It should be coded on all the applications.
h. HPD has too many points of contact. There are Project Managers in Underwriting, Tax
Credits, Tax Exemption and Conversion. In many cases, each Project Manager does not
communicate well with the others and something usually fall through the cracks.
Suggest re-structuring Development so that the Underwriting staff are the single
point of contact throughout the construction loan and conversion process.

i. Multiple Building developments (up to a certain number, say 4) should have one DOB
Inspector for TCO.
j. HPD/HDC must adapt subsidy programs to changing market conditions. Hard Costs have
risen 20% in the last 2 years yet the subsidies remain the same.
k. Automate not only the lottery process but also the file processing with a computerized
system. Documents should be uploaded and it should be clear when a file is complete.

Open centers to help applicants organize themselves for the lottery process

Allow third parties (e.g. Spectrum) to validate applications rather than relying on an
overburdened marketing department at HPD / HDC or significantly expand the size
of the department.

Consider creating a technology working group of HPD and marketing agents to try to
reduce time it takes to approve an applicant.

l. Reform BLDS review dramatically:


1. there should be few additional requirements above the NYC Building Code, which is
stringent . There is no need to review zoning and other material that is under the
purview of DOB or others.
Housing Recommendations
Deputy Mayor Glen and Commissioner Been Page 6 of 8

2. Examine HPDs design guidelines and consider streamlining. Currently, BLDS Design
Guidelines result in affordable apartments being larger than most market rate units.
Can there be broader paramenters such as minimum size without specifiying things like
linen closets? This would reduce workload on an overburdened staff.
3. Consider some type of expedited review for architect/developers who have
successfully completed at least 5 HPD projects. Perhaps self-certification could be
considered for those architects who are approved by BLDs.
4. End requirement for certificates of completion for City owned land developments
(again, lengthy process, no clear added benefit)

m. Reevaluate legal departments role in balancing risk management and program/ policy
goals. Development staff should be supported and encouraged to make business decisions
without needing to check with legal. Try to have lawyers assigned earlier in a transaction
and ensure that those lawyers are supporting the program people. Conversions are
essential. They should be prioritized with legal as closings are good for the building (interest
carry, L/C fees etc.). These conversions need to be more streamlined and perhaps that
should be thought out in the initial closing documents so conversions do not become so
drawn out of a process.
n. Create liaison within DEP reporting directly to Commissioner (and not DCs) whose
responsibilities include working with developers to expedite various DEP reviews and
approvals. Current process simply not working.
o. Revamp HQS inspections for section 8 units in new buildings. Explore whether the HPD
completion certificate process can suffice---rather than sending out individual inspectors for
individual apartments on a new construction project where HPD has often financed,
supervised and inspected the property throughout its construction, couldnt one building-
wide inspection be done to get people who need housing into apartments sooner?

4. LEGISLATIVE
a. Pursue expanding 420-c eligibility to new buildings with 100% of the units restricted to
households earning 100% AMI or lower such that an average of 80% could get 420 c.
b. Clarify that local retail/CF space can be included in 420c to avoid costly condo creation for
no real purpose.
c. Remove requirement that 420-c application carry a non-profit sponsor
d. Consider Revamping and reintroduce a regulated 421-a certificate program to recognize
that 421a onsite is difficult in small buildings. If this is done, there should be a clearing
house for certificates so that an efficient market can be established (ie. HPD could set the
pricing).
e. Work with the City Council to repeal the LL transparency legislation which adds
bureaucracy with no clear benefit.
f. Support advocates at the federal level to fix the 4% Tax Credit at 4% and not a fraction
thereof (as was done with the 9% credit a few years ago)
Housing Recommendations
Deputy Mayor Glen and Commissioner Been Page 7 of 8

g. Restart NY/NY III into NY/NY IV

5. RESOURCES
a. Mansion Tax Reform: Consider legislation for increasing city MRT or reforming mansion tax.
If a city mansion tax of 1% on apartments selling for over $5M were instituted and
earmarked for affordable housing. In recent market sales, it appears that more than 20
apartments per week have been selling for more than $5 Million. In an up-market, this
could be a meaningful subsidy source.
b. Explore whether the recently instituted bond issuance tax (State imposed on HDC) could be
waived for all-affordable projects. This could also apply to HFA projects.
c. Consider structuring subsidy sources (HPD and HDC) as accruing or out-of- coverage debt.
This would allow projects to taken on modestly more first mortgage debt, stretching scarce
subsidies further. Longer term sub debt structures could also work to extend affordability
as of right (will ensure that HPD can get the developer to the table).

6. NYCHA
a. Balance the very real need to generate income for NYCHA with needs of communities to
balance income mixes. In this context, explore whether overhoused NYCHA residents can
be given priority in any newly built (affordable) housing on NYCHA land. They may be more
willing to move if they can stay in their neighborhoods
b. The Bloomberg NYCHA Land Lease charged an exorbitant application fee ($25 per unit
proposed). If a new Land Lease RFP is announced, those applicants should not be charged
another fee if they reapply.
c. Pair HHC with NYCHA to reduce underoccupation/overhousing at NYCHA and create new
housing near City hospitals that is built primarily for dual-eligible New Yorkers utilizing
Medicaid.

7. M/WBE PARTICIPATION
a. Help build capacity: Many of these community developers are locally based property
managers who have the specialized experience needed for Preservation Projects. With
excellent tenant relations skills and experience in dealing with occupied distressed
properties, this group can help to achieve the Plan's AH unit goal. HPD should work to
foster relationships so that capacity can be built.
b. NYSAFAH has advocated the creation of an M/WBE guarantee fund and has offered to
fundraise for this. The concept involves creating a balance sheet for an emerging
developer that would allow them to compete on more equal financial footing with more
established developers. The thought would be that this obligation could be released at
completion, allowing it to be recycled for someone else.

8. MIDDLE INCOME HOUSING


a. Prioritize Mixed income development for pipeline purposes (vs. market rate). Could also
look at tax policy changes to promote this.
Housing Recommendations
Deputy Mayor Glen and Commissioner Been Page 8 of 8

b. Enforce/institute income surcharges

Require tenants to pay maximum of what they can actually afford ( designated % of
gross income) or what the regulatory agreement states as required. This change can
be made on all existing buildings upon new leases being signed and doesnt need to
apply only to new projects. The delta of rent collected by owners and whats due
under regulatory agreements can be used to create fund for additional affordable
housing.

Will compel residents who are no longer really middle income to vacate apartments,
thereby allowing truly middle income households access to affordable housing (will
ensure that government assistance is need based vs. place based)

c. Simplify annual income verification: Require income re-certifications each year based simply on
tax returns
d. In the current interest rate environment, why use taxable or even recycled bonds for middle
income. A LIBOR based construction loan with subsidy behind it would be cheaper both on
interest costs but also would remove the cost of issuance.

9. HOMELESS PREVENTION/SUPPORTIVE HOUSING:


a. Restart NY/NY IV for formerly homeless units ASAP
b. Take Homeless Housing out of DHS and move it to HPD.
c. All Section 8 vouchers (Project-Based and Tenant) should be managed by HPD
d. Supportive Housing should be funded by Project Based Section 8
e. Senior housing should be incentivized in all housing policies. Where Project Based Section 8
doesnt exist, the city should give a $15,000 per unit mortgage bonus for each older adult
tenant over 62 (as long as it is Fair Housing compliant).

10. SUSTAINABILITY PROMOTION:


a. Solar panels required for the common areas of all new affordable housing developments
exceeding a certain size of building and/or roof as long as Southern exposure is unimpeded.
b. Remove the trickle vent/fresh air supply requirement from the Building Code. The City
promotes energy efficiency and a tight envelope and then requires that we punch a hole in
every unit.
c. Work to streamline the multiple green buildings framework can everyone get together on
one? City has energy code, HPD uses Green Communities; DHCR has NYYSERDA and Green
Buildings checklist.

We hope that this information is useful. Please let us know how we can be helpful. Lisa Gomez can
be reached at (212) 600-2919
From: Glen, Alicia
To: "David Dishy"
Subject: RE: good to see you last night
Date: Thursday, May 08, 2014 3:52:12 PM

What a nice email. I mean it.

Alicia Glen
Deputy Mayor for Housing & Economic Development
aglen@cityhall.nyc.gov
O: 212-788-0120
C: 718-724-3853

From: David Dishy [mailto:ddishy@lmdevpartners.com]


Sent: Thursday, May 08, 2014 10:07 AM
To: Glen, Alicia
Subject: good to see you last night

1. You rocked. I enjoyed your mega project inheritance homage combined with vision for the
future(challenge is to to see some compelling images focused on communities
neighborhoods families and the visual conveyance of what the new administration is all
about.)
2.

and
3. Not that you need more kibbitzers, well-wishers, or wannahelpers (especially with l+m or
hr&a backgrounds).but your stuff last night got me thinking if in fact there is anything out
there for which I can be helpful (though I doubt there is), happy to on your very long list of
resources/handraisers

Thats it. thanks. see you soon. congrats again. change the world.

_______________________________
David Dishy
President Development and Acquisition
L+M Development Partners
419 Park Avenue South - 18th Floor
New York, NY 10016
Tel. 212.600.2920
Email ddishy@lmdevpartners.com
http://www.lmdevpartners.com

From: Glen, Alicia


To: "rmoelis@lmdevpartners.com"; Wolfe, Emma
Subject: LICH - putting you two together
Date: Saturday, May 24, 2014 4:38:11 PM

Ron - as we "discussed" the other night, Emma has been working on the LICH issues and might want to
touch base this weekend.
Best, Alicia
From: Glen, Alicia
To: "lgomez@lmdevpartners.com"; Gaul-Stigge, Katy
Subject: Building Skills/Workforce Stuff
Date: Monday, June 09, 2014 2:27:37 PM

Lisa and Katy - c an I get you two together to brainstorm about how the City can help support the
expansion of programs that get difficult to employ folks into construction jobs?
Lisa - I am thinking this is with your NYSAFAH hat, but also if LandM wants to do something specifically,
and/or work w/your partners on Seward Park, that would be great also.
Alicia
From: Lisa Gomez
To: Glen, Alicia
Subject: RE: Department of General Services issue waterfront
Date: Friday, June 13, 2014 5:30:16 PM

Im calling you

From: Glen, Alicia [mailto:AGlen@cityhall.nyc.gov]


Sent: Friday, June 13, 2014 5:14 PM
To: Lisa Gomez
Subject: RE: Department of General Services issue waterfront

DO you need to speak to me or have you made progress?

Alicia Glen
Deputy Mayor for Housing & Economic Development
aglen@cityhall.nyc.gov
O: 212-788-0120
C: 718-724-3853

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Friday, June 13, 2014 4:33 PM
To: Glen, Alicia
Subject: FW: Department of General Services issue waterfront

I have left carolee and Andrew Kennedy messages. Seems that one of our greenpoint deals isnt
going to make due to a state reverter issue that was just discovered (yes it was already ulurped).
Park tower has asked that I call you but I dont see that this in in city control.

We are trying to get a letter from Andrew Kennedy agreeing not to exercise reverter and to waive
claims for compensation.

From: Lisa Gomez


Sent: Friday, June 13, 2014 3:23 PM
To: 'Andrew Kennedy'
Cc: Marian KleinFeldt (mklein@parktowergroup.com); Johanna Greenbaum
(jgreenbaum@parktowergroup.com); Ron Moelis; GK (
Subject: RE: Department of General Services issue waterfront

Were on a call now and it appears that there is no waiver in the works and that there is formal
quitclaim deed process that could take a few months and involves the state comptroller and the
AG.

Is there really no way for the state to waive its claim in a simple letter and then do the deed clean
up later?

From: Andrew Kennedy [mailto:Andrew.Kennedy@exec.ny.gov]


Sent: Wednesday, June 11, 2014 5:37 PM
To: Lisa Gomez
Cc: Marian KleinFeldt (mklein@parktowergroup.com); Johanna Greenbaum
(jgreenbaum@parktowergroup.com); Ron Moelis; GK ( )
Subject: RE: Department of General Services issue waterfront

Evening everyone.

I had asked the state team to work on providing the waiver. My understanding that it was moving
through. I will ask to expedite given the timeframe.

Also, I dont anticipate any issue with the Bond Cap request.

Ill come back to you all asap.

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Wednesday, June 11, 2014 4:36 PM
To: Andrew Kennedy
Cc: Marian KleinFeldt (mklein@parktowergroup.com); Johanna Greenbaum
(jgreenbaum@parktowergroup.com); Ron Moelis; GK ( )
Subject: Department of General Services issue waterfront

Hi Andrew: Weve left you a couple of messages (one from Ron and one from Marian, Johanna and
me) on this issue but thought it would probably be more helpful to have an email with the info. We
appreciate your intercession and we know youve been in touch w/ Carolee Fink of City Hall. As you
may know, a last minute issue has arisen on an affordable housing job that is slated to close by June
30 th . There is a deed restriction and vesting deed dating the the 1940s that requires a waiver by
DGS. Somehow this wasnt picked up until this week, after HPD completed the ulurp and was
prepared to dispose of the development rights for the housing

The time crunch this thus: HDC is about to price bonds and needs to know by the end of the week
if were in or not. The A answer is that we can get this waiver this week. Or, if not, a clear
understanding as to the process and timeline for obtaining it.

This is a JV between L+M and Park Tower and this particular site was part of a larger points of
agreement as part of the earlier rezoning. Anything you can do to help or guidance you can give
is greatly appreciated.

Thanks ,

Lisa

Lisa Gomez
L+M Development Partners
419 Park Avenue South, 18th Floor
New York, NY 10016
(212) 600-2919
cell (917) 620-5334

*************************************
WE WORK FOR THE PEOPLE
Performance * Integrity * Pride
From: Glen, Alicia
To: "lgomez@lmdevpartners.com"
Subject: Re: Greenpoint
Date: Friday, June 13, 2014 7:51:01 PM

Send me the email chain and I will speak to vicki tonight if I can reach her.

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Friday, June 13, 2014 07:12 PM
To: Glen, Alicia
Subject: Re: Greenpoint

Id probably take risk based on the email from Kennedy but I don't think the kleins
are there. May call u in a few.

Lisa Gomez
L+M Development Partners
419 Park Ave South
NY NY 10016
212.600.2919
917.620.5334

On Jun 13, 2014, at 6:59 PM, "Glen, Alicia" <AGlen@cityhall.nyc.gov> wrote:

Spoke to Vicki who seems to think there is progress. If something I can weigh in on, let
me know.
On cell

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
Sent: Friday, June 13, 2014 05:36 PM
To: Glen, Alicia
Subject: FW: Greenpoint

The concern is that the state is willing to write a letter but say that its subject to
consideration meaning PT could swap its piece of land and then be hit by a
compensation claim.

From: Lisa Gomez
Sent: Friday, June 13, 2014 5:29 PM
To: 'Andrew Kennedy'
Cc: mklein@parktowergroup.com
Subject: RE: Greenpoint

The issue is that park tower is trading a piece of its property for this property. It
cannot be in the position of giving something valuable away for free only to be hit
with some consideration required by the state on this one. I know its being worked
on but is there any way to note that ? I know its in there in the subject to credits
portion of your letter. How do we get some comfort around that?
From: Andrew Kennedy [mailto:Andrew.Kennedy@exec.ny.gov]
Sent: Friday, June 13, 2014 5:17 PM
To: Lisa Gomez
Cc: mklein@parktowergroup.com
Subject: Re: Greenpoint

To be clear.

Ogs saw your draft and this reflects there markup based upon state requirements
including OSC and Attorney General approval.

This conveyance will happen but we need to follow the steps..

From: Andrew Kennedy


Sent: Friday, June 13, 2014 05:10 PM
To: lgomez@lmdevpartners.com <lgomez@lmdevpartners.com>
Cc: mklein@parktowergroup.com <mklein@parktowergroup.com>
Subject: Fw: Greenpoint

How is this?

From: Pohl, Thomas A (OGS) [mailto:Thomas.Pohl@ogs.ny.gov]


Sent: Friday, June 13, 2014 05:09 PM
To: Joseph J Rabito (OGS)
Cc: Andrew Kennedy
Subject: Greenpoint

Requested letter.

Commissioner Vicky Been


NYC Department of Housing Preservation and Development
100 Gold Street
New York, New York 10010

Dear Ms. Been:

This letter confirms an agreement between the State of New York and the City of New
York that pursuant to the provisions of Title 22, Chapter 1, Section 22-145 of the New
York Administrative Code, the State of New York, acting by and through the
Commissioner of General Services, hereby agrees to grant and convey to the said City
by confirmatory deed, the remaining right, title and interest of the State of New York in
the pier property identified as Block 2472, Lot 32 in the Borough of Brooklyn, Kings
County free and clear of any conditions and restrictions but subject to payment of such
consideration as may be determined by the Commissioner of General Services based
upon certified appraisal(s) and subject to such credits for infrastructure and other
improvements as may be fair and equitable.

*************************************
WE WORK FOR THE PEOPLE
Performance * Integrity * Pride
From: Lisa Gomez
To: Glen, Alicia
Subject: Fwd: Greenpoint
Date: Friday, June 13, 2014 7:53:13 PM

Lisa Gomez
L+M Development Partners
419 Park Ave South
NY NY 10016
212.600.2919
917.620.5334

Begin forwarded message:

From: Lisa Gomez <lgomez@lmdevpartners.com>


Date: June 13, 2014, 7:51:40 PM EDT
To: "Enderlin, Eric (HPD)" <enderlie@hpd.nyc.gov>
Cc: "jspringer@nychdc.com" <jspringer@nychdc.com>, "Been, Vicki"
<beenv@hpd.nyc.gov>, "Kensky, Susan (HPD)"
<KENSKYS@hpd.nyc.gov>, "Grodney@nychdc.com"
<Grodney@nychdc.com>, Marian KleinFeldt
<mklein@parktowergroup.com>, Merin Urban <urbanm@hpd.nyc.gov>
Subject: Re: Greenpoint

I spoke w Marian and a little earlier on this. I believe eventually it will


sort out but there needs to be some acknowledgment that if there's a
consideration required by any one AG or comptroller it can't be on gla
which will have traded its land for this city land

Lisa Gomez
L+M Development Partners
419 Park Ave South
NY NY 10016
212.600.2919
917.620.5334

On Jun 13, 2014, at 6:28 PM, "Enderlin, Eric (HPD)"


<enderlie@hpd.nyc.gov> wrote:

Adding Susan and Gary as I'm on another call.

Vicki or Gary?

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
Sent: Friday, June 13, 2014 06:25 PM
To: Enderlin, Eric (HPD); 'jspringer@nychdc.com' <jspringer@nychdc.com>
Cc: Been, Vicki
Subject: RE: Greenpoint

That is the way it should be but how do we get some comfort around it?
and when does that happen? Its not in the control of even the 2nd
floor. The issue is that PT is trading a piece of property with value for
this one. I know were all people of good will , but if the state comes
back and points to its subject to due consideration language what do we
do? We want to close this as much as anyone but if we cant get some
comfort around consideration maybe we have to pass.

From: Enderlin, Eric (HPD) [mailto:enderlie@hpd.nyc.gov]


Sent: Friday, June 13, 2014 6:20 PM
To: Lisa Gomez; 'jspringer@nychdc.com'
Cc: Been, Vicki
Subject: Re: Greenpoint

I don't think we can reasonably do that as it simply increases city


contribution and we're already at a high number. We think all of the city
costs will reduce any sale payment to zero, and actually a negative
number.

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Friday, June 13, 2014 06:13 PM
To: Enderlin, Eric (HPD); 'jspringer@nychdc.com' <jspringer@nychdc.com>
Subject: RE: Greenpoint

Will you all agree that any compensation required by the state would be
deducted from the park contribution ? I believe everyone wants to do
this just trying to structure for the externalities that we dont control
like the the AG or Comptroller.

From: Enderlin, Eric (HPD) [mailto:enderlie@hpd.nyc.gov]


Sent: Friday, June 13, 2014 5:50 PM
To: Lisa Gomez; 'jspringer@nychdc.com'
Subject: Re: Greenpoint

Nice

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Friday, June 13, 2014 05:47 PM
To: Jonathan Springer (jspringer@nychdc.com) <jspringer@nychdc.com>;
Enderlin, Eric (HPD)
Subject: FW: Greenpoint

Getting there.

From: Andrew Kennedy [mailto:Andrew.Kennedy@exec.ny.gov]


Sent: Friday, June 13, 2014 5:44 PM
To: Lisa Gomez
Cc: mklein@parktowergroup.com
Subject: Re: Greenpoint

Got it. Maybe we add that for consideration "consistent with the
established terms of the agreement between the developer and nyc".

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Friday, June 13, 2014 05:29 PM
To: Andrew Kennedy
Cc: mklein@parktowergroup.com <mklein@parktowergroup.com>
Subject: RE: Greenpoint

The issue is that park tower is trading a piece of its property for this
property. It cannot be in the position of giving something valuable away
for free only to be hit with some consideration required by the state on
this one. I know its being worked on but is there any way to note that ? I
know its in there in the subject to credits portion of your letter. How do
we get some comfort around that?
From: Andrew Kennedy [mailto:Andrew.Kennedy@exec.ny.gov]
Sent: Friday, June 13, 2014 5:17 PM
To: Lisa Gomez
Cc: mklein@parktowergroup.com
Subject: Re: Greenpoint

To be clear.

Ogs saw your draft and this reflects there markup based upon state
requirements including OSC and Attorney General approval.

This conveyance will happen but we need to follow the steps..

From: Andrew Kennedy


Sent: Friday, June 13, 2014 05:10 PM
To: lgomez@lmdevpartners.com <lgomez@lmdevpartners.com>
Cc: mklein@parktowergroup.com <mklein@parktowergroup.com>
Subject: Fw: Greenpoint

How is this?

From: Pohl, Thomas A (OGS) [mailto:Thomas.Pohl@ogs.ny.gov]


Sent: Friday, June 13, 2014 05:09 PM
To: Joseph J Rabito (OGS)
Cc: Andrew Kennedy
Subject: Greenpoint

Requested letter.

Commissioner Vicky Been


NYC Department of Housing Preservation and Development
100 Gold Street
New York, New York 10010

Dear Ms. Been:

This letter confirms an agreement between the State of New York and
the City of New York that pursuant to the provisions of Title 22, Chapter
1, Section 22-145 of the New York Administrative Code, the State of New
York, acting by and through the Commissioner of General Services,
hereby agrees to grant and convey to the said City by confirmatory deed,
the remaining right, title and interest of the State of New York in the pier
property identified as Block 2472, Lot 32 in the Borough of Brooklyn,
Kings County free and clear of any conditions and restrictions but subject
to payment of such consideration as may be determined by the
Commissioner of General Services based upon certified appraisal(s) and
subject to such credits for infrastructure and other improvements as may
be fair and equitable.

*************************************
WE WORK FOR THE PEOPLE
Performance * Integrity * Pride
From: Glen, Alicia
To: "rmoelis@lmdevpartners.com"
Subject: Re: Marcus
Date: Sunday, August 10, 2014 7:00:56 PM

As they say in the trade, pencils down.

----- Original Message -----


From: Ron Moelis [mailto:Rmoelis@lmdevpartners.com]
Sent: Sunday, August 10, 2014 06:49 PM
To: Glen, Alicia
Subject: Re: Marcus

Got it

Sent from my iPhone

> On Aug 10, 2014, at 6:43 PM, "Glen, Alicia" <AGlen@cityhall.nyc.gov> wrote:
>
> Don't make yourself nuts. They have other chefs teed up. If he does call u back, then we should
invite him to the food. And culture lunch on tuesday in brooklyn.
> This thing is moving too quickly.
> Ugh
From: Ron Moelis
To: Glen, Alicia
Subject: Re: Marcus
Date: Sunday, August 10, 2014 9:40:32 PM

Ok.
I haven't heard from him yet. He could be out if town.
It looks like you're set for the event anyway. If I hear I'll let you know
Anyone good luck with everything. I'm sure you guts will being home the convention!

Sent from my iPhone

> On Aug 10, 2014, at 7:18 PM, "Glen, Alicia" <AGlen@cityhall.nyc.gov> wrote:
>
> If he can do apps or a dessert they would still like it.
>
> ----- Original Message -----
> From: Ron Moelis [mailto:Rmoelis@lmdevpartners.com]
> Sent: Sunday, August 10, 2014 06:49 PM
> To: Glen, Alicia
> Subject: Re: Marcus
>
> Got it
>
> Sent from my iPhone
>
>> On Aug 10, 2014, at 6:43 PM, "Glen, Alicia" <AGlen@cityhall.nyc.gov> wrote:
>>
>> Don't make yourself nuts. They have other chefs teed up. If he does call u back, then we should
invite him to the food. And culture lunch on tuesday in brooklyn.
>> This thing is moving too quickly.
>> Ugh
From: Ron Moelis
To: Glen, Alicia
Cc: Gaul-Stigge, Katy; mtorres-springer@sbs.nyc.gov; Lisa Gomez; Patchett, James; Cindy Moelis
Subject: Re: Workforce and Construction
Date: Tuesday, August 19, 2014 9:16:06 AM

Thanks alicia. This sounds very exciting and consistent with what we are trying to do in the industry.
It's a challenging area and a brainstorming session would be very productive, especially since we are
trying to expand and fine tune some if our initiatives.
I'd like to get something scheduled as soon as possible. Let me know some times that work for you
guys.

Sent from my iPhone

> On Aug 18, 2014, at 9:17 PM, "Glen, Alicia" <AGlen@cityhall.nyc.gov> wrote:
>
> I don't doubt you have all met before and discussed various opportunities (and challenges) w/respect
to how we can better connect low income NYers to good jobs in construction, but I want to make sure
you get together early in the Fall to see if there are specific programs that could inform some of the
recommendations being genrated by our Jobs4NYers Task Force.
> Thanks. Alicia
From: Lisa Gomez
To: ewolff@cityhall.nyc.gov; Glen, Alicia
Cc: Patchett, James
Subject: Open Letter to LaBarbera.pdf
Date: Wednesday, September 03, 2014 10:10:25 PM
Attachments: Open Letter to LaBarbera.pdf
ATT00001..txt

Just wanted to give you guys a heads up on this. Journal is publishing this and the response. All
cordial and positive but you never know how things go. Let me know if you want to discuss
Lisa Gomez
L+M Development Partners
419 Park Ave South
NY NY 10016
212.600.2919
917.620.5334
From: Glen, Alicia
To: "lgomez@lmdevpartners.com"; Wolfe, Emma
Cc: Patchett, James
Subject: Re: Open Letter to LaBarbera.pdf
Date: Wednesday, September 03, 2014 10:13:00 PM

Don't know who the wolff in your email was, but assuming u meant Emma.

----- Original Message -----


From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
Sent: Wednesday, September 03, 2014 10:10 PM
To: ewolff@cityhall.nyc.gov <ewolff@cityhall.nyc.gov>; Glen, Alicia
Cc: Patchett, James
Subject: Open Letter to LaBarbera.pdf

Just wanted to give you guys a heads up on this. Journal is publishing this and the response. All
cordial and positive but you never know how things go. Let me know if you want to discuss
From: Ron Moelis
To: Glen, Alicia
Subject: Re: Intor re: potentail space for Northside Center
Date: Wednesday, September 10, 2014 3:33:51 PM

And you're very good at that. Thank you


How was your drop off?

Sent from my iPhone

On Sep 10, 2014, at 1:10 PM, "Glen, Alicia" <AGlen@cityhall.nyc.gov> wrote:

Just here to help!



From: Ron Moelis [mailto:Rmoelis@lmdevpartners.com]
Sent: Wednesday, September 10, 2014 01:03 PM
To: Glen, Alicia
Cc: patricof@greycroftpartners.com <patricof@greycroftpartners.com>
Subject: Re: Intor re: potentail space for Northside Center

We had a very productive call this morning. I have two good possibilities
and we are going to meet with staff and our architect to figure if either
or both work physically.
We talked about the financial side as well.
I can fill you in more when we talk.
I think this can work

Sent from my iPhone

On Sep 10, 2014, at 12:52 PM, "Glen, Alicia" <AGlen@cityhall.nyc.gov>


wrote:

Hope you two have had a chance to connect. No need to keep me on


chain, but do let me know if the City can be helpful.
Best, Alicia

From: Ron Moelis [mailto:Rmoelis@lmdevpartners.com]
Sent: Tuesday, September 02, 2014 11:25 AM
To: Glen, Alicia; 'Alan and Susan Patricof (patricof@greycroftpartners.com)'
<patricof@greycroftpartners.com>
Subject: RE: Intor re: potentail space for Northside Center

Nice to meet you through email, alan.any intro from Alicia usually
results in something positive so we should probably try and talk or meet.
Interestingly, I think we have had some conversation with Northside
primarily through Steve Sheinfeld who is a good friend of one of my
colleagues, Debbie Kenyon.
Look forward to talking soon

From: Glen, Alicia [mailto:AGlen@cityhall.nyc.gov]
Sent: Tuesday, September 02, 2014 10:02 AM
To: 'Alan and Susan Patricof (patricof@greycroftpartners.com)'; Ron Moelis
Subject: Intor re: potentail space for Northside Center

Alan wanted to introduce you to Ron Moelis, the CEO of L&M


Development, and a fellow Mayors Fund Board member. Ron is
developing several projects in East Harlem and based on a brief
discussion we had, could have a couple of good options for a new space
for Northside as part of larger buildings he is in pre-development on that
are City-sponsored.
Hope you two connect.
Best, Alicia

Alicia Glen
Deputy Mayor for Housing & Economic Development
aglen@cityhall.nyc.gov
O: 212-788-0120
C: 718-724-3853

From: Ron Moelis


To: Glen, Alicia
Subject: Fwd: Additional Info - FAR ROC inquiry
Date: Saturday, September 13, 2014 8:08:36 PM

If you scroll to the bottom you'll see inquiry by press on Arverne. Not sure any of
this is relevant but figured I'd pass it on

Sent from my iPhone

Begin forwarded message:

From: Lisa Gomez <lgomez@lmdevpartners.com>


Date: September 12, 2014 at 10:19:13 AM PDT
To: Ron Moelis <Rmoelis@lmdevpartners.com>, Romy Goldman
<romy@golddevelopment.com>
Subject: Fwd: Additional Info - FAR ROC inquiry

I spoke to marathon. Interestingly the reporter talked to some


rockaway residents marching over aff housing and lack. Also something
about white not moving forward. Asked them to call you Romy. Should
be on background only and may be an opp to say that we're trying to
jump start w the dune and the edgemere piece. They are also going to
call HPD

Lisa Gomez
L+M Development Partners
419 Park Ave South
NY NY 10016
212.600.2919
917.620.5334

Begin forwarded message:

From: Romy Goldman <romy@golddevelopment.com>


Date: September 12, 2014, 12:13:01 PM CDT
To: Kelly Magee <kelly@marathonstrategies.com>
Cc: Lisa Gomez <lgomez@lmdevpartners.com>, Phil Singer
<phil@marathonstrategies.com>
Subject: Re: Additional Info - FAR ROC inquiry

Hi Kelly - please give me a call on my cell phone:


. Thanks, Romy

Sent from my iPhone

On Sep 12, 2014, at 12:43 PM, "Kelly Magee"


<kelly@marathonstrategies.com> wrote:
HI Lisa I spoke to the reporter.

He is writing a piece about the Peoples Climate


March in NYC on Sept 21. The Mayor is attending,
it is supposed to be a large march/big deal.

A contingent of residents from the Rockaways are


attending the march. They spoke to the reporter.
They say rents in Far Rockaway are increasing and
long time residents are having a tough time
affording to stay there (on top of their homes
being destroyed by sandy). They blamed this, in
part, on the firm that won the FAR ROC design
competition deciding not to go through with the
project. According to the FAR ROC website it
looks like a Swedish firm won the competition.

The reporter doesnt have all the facts and would


like to know what the real story is. I see L+M is a
sponsor of the project but it looks like Gordon
Group is the media contact on the website.

Let me know,

Kelly

Kelly Magee
Marathon Strategies
38 East 29th Street,7th Floor
New York, NY 10016
(212) 390-0520 (office)
(212) 203-3597 (cell)

From: Lisa Gomez <lgomez@lmdevpartners.com>


Date: Friday, September 12, 2014 at 11:35 AM
To: Marathon Strategies <kelly@marathonstrategies.com>,
Romy Goldman <romy@golddevelopment.com>
Subject: Fwd: FAR ROC inquiry - deadline today

Lisa Gomez
L+M Development Partners
419 Park Ave South
NY NY 10016
212.600.2919
917.620.5334

Begin forwarded message:


From: Keren Ritchie
<kritchie@groupgordon.com>
Date: September 12, 2014, 9:26:29 AM
CDT
To: Lisa Gomez
<lgomez@lmdevpartners.com>
Subject: FAR ROC inquiry -
deadline today

Hi Lisa,

I hope all is well at L+M! Just wanted to share a


press inquiry we received from The Nation
regarding FAR ROC in case this is something
youre interested in pursuing:

Im the environment correspondent for The


Nation magazine and an author who has
written extensively about climate-resilient
development. I'm writing a piece for The
Nation that is looking in part at the FAR ROC
competition and development project. Can you
please clarify the current status of the project?
Ive been told that the original winner of the
design competition has been replaced and new
directions are being pursued.

My deadline is today. Thanks in advance for


your help,

Mark Hertsgaard
mark@markhertsgaard.com
www.markhertsgaard.com
Tel: 415-923-8983
1121 Broderick Street
San Francisco, CA 94115 USA

Keren Ritchie

<image001.png>

2014 SABRE Award: Best Boutique Agency To Work For

747 Third Avenue


32nd Floor
New York, NY 10017

T 212 784 5713
C 212 729 4130
E KRitchie@GroupGordon.com

<image001.png>
From: Glen, Alicia
To: "rmoelis@lmdevpartners.com"
Subject: Fw: CBC MEDIA ALERT: NYC Housing Commissioner Vicki Been to Discuss Her Priorities for Affordable Housing
at a CBC Breakfast
Date: Tuesday, September 30, 2014 11:12:29 AM

Is this what you were referring to?

From: Walzak, Phil


Sent: Tuesday, September 30, 2014 11:09 AM
To: Norvell, Wiley; Glen, Alicia; Patchett, James; Bederman, Eric (HPD) (bedermae@hpd.nyc.gov)
<bedermae@hpd.nyc.gov>
Subject: FW: CBC MEDIA ALERT: NYC Housing Commissioner Vicki Been to Discuss Her Priorities for
Affordable Housing at a CBC Breakfast

Just FYI for all

From: Kevin Medina, Citizens Budget Commission [mailto:kmedina@cbcny.org]


Sent: Tuesday, September 30, 2014 11:02 AM
To: Walzak, Phil
Subject: CBC MEDIA ALERT: NYC Housing Commissioner Vicki Been to Discuss Her Priorities for
Affordable Housing at a CBC Breakfast

MEDIA ALERT

NYC HOUSING COMMISSIONER VICKI BEEN


TO DISCUSS HER PRIORITIES FOR AFFORDABLE
HOUSINGAT A CITIZENS BUDGET COMMISSION
BREAKFAST

WHAT: New York City Commissioner of Housing Preservation and


Development Vicki Been will speak at a breakfast meeting
of the Citizens Budget Commission on Wednesday, October
1st. She will discuss the de Blasio Administration's
priorities as they relate to her Department, the largest
municipal housing agency in the nation, and specifically
her approach to achieving the Administration's goals for
affordable housing.

WHO: Commissioner Been is responsible for Mayor de Blasio's


Housing New York Plan to create or preserve 200,000
affordable housing units over 10 years. Prior to her
appointment as Commissioner, she was Director of NYU's
Furman Center for Real Estate and Urban Policy. She also
served as the Boxer Family Professor of Law at NYU School
of Law and Affiliated Professor of Public Policy at the NYU
Wagner Graduate School of Public Service.

WHEN: Wednesday, October 1, 2014


8:00 - 9:30am
A buffet breakfast will be available at 8:00 am. The program
will begin at 8:30 am.

WHERE: The Harvard Club


35 West 44th Street, Second Floor, Cambridge Room
CONTACT: Kevin Medina
212-279-2605 x342 or kmedina@cbcny.org

Founded in 1932, the Citizens Budget Commission (www.cbcny.org) is a nonpartisan,


nonprofit civic organization devoted to influencing constructive change in the finances and
services of New York State and New York City governments.

Kevin R. Medina

Communications and Public Affairs Associate


Citizens Budget Commission
W: 212-279-2605, ext 342

C: 646-251-0346

F: 212-868-4745

Forward this email

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Citizens Budget Commission | Two Penn Plaza | 2 Penn Plaza, 5th Floor | New York | NY | 10121
From: Glen, Alicia
To: "rmoelis@lmdevpartners.com"
Cc: "Dwolfe@fkks.com"
Subject: Re: Deputy Mayor Alicia Glen Gives Lowline a Vote of Confidence | The Lo-Down : News from the Lower East
Side
Date: Friday, October 10, 2014 7:48:11 AM

Speak for yourself.

----- Original Message -----


From: Ron Moelis [mailto:Rmoelis@lmdevpartners.com]
Sent: Friday, October 10, 2014 07:45 AM
To: Glen, Alicia
Cc: Dwolfe@fkks.com <Dwolfe@fkks.com>
Subject: Re: Deputy Mayor Alicia Glen Gives Lowline a Vote of Confidence | The Lo-Down : News from
the Lower East Side

It was a pretty interesting event.... Hopefully there are more cool events to come... We're still young

Sent from my iPhone

> On Oct 10, 2014, at 7:35 AM, "Glen, Alicia" <AGlen@cityhall.nyc.gov> wrote:
>
> A little memento from the coolest thing the three of us will ever go to!!!
>
> http://www.thelodownny.com/leslog/2014/10/deputy-mayor-alicia-glen-gives-lowline-a-vote-of-
confidence.html
From: L+M Development Partners, Inc.
To: Glen, Alicia
Subject: Arverne View Ceremony and Reception
Date: Tuesday, October 14, 2014 2:33:20 PM

Forward email

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L+M Development Partners, Inc. | 419 Park Avenue South, Floor 18 | New York | NY | 10016
From: L+M Development Partners, Inc.
To: Glen, Alicia
Subject: [From Vwall: Suspected SPAM]: REMINDER: Arverne View Ceremony and Reception
Date: Tuesday, October 21, 2014 12:21:57 PM

Forward email

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L+M Development Partners, Inc. | 419 Park Avenue South, Floor 18 | New York | NY | 10016
mayor for housing and economic development, is a passionate
advocate for mixed income, vibrant cities - and the conscious
interventions in the market needed to keep them that way.

In her role leading on New Yorks plan to build and preserve a


total of 200,000 affordable homes over the next decade, shes
already started putting together some of those interventions. Im
doing deals where theres luxury rental with formerly homeless
families in the same building, she says. We are doing interesting
cross-subsidy stuff, with a very conscious mixing up of people.

On a whistlestop trip to the UK, Glen spoke at a conference with


London mayor Boris Johnsonand visited Manchester as part of
negotiations with the Manchester City owners, who now also own
New York City FC, over their plans for a new football stadium
inNew York. She was struck, she says, not only by the similar
challenges of spiralling housing costs and rising demand for
affordable homes, but by the differences in response. In
particular, although there have been moves to encourage more
investment in large-scale private rented schemes on this side of
the Atlantic, the private rented sector remains far smaller than in
the US. Relying on housing associations or whats left of council
housing for affordable housing, rather than involving the private
sector at scale is a lost opportunity, Glen says.

Your fundamental housing problem here is that you have no


multi-family [private rented] housing sector. You have amateur
landlords but you dont have a professionalised rental housing
stock, she says. What I find amazing is that you have these great
housing associations owning and operating gazillions of units but
you dont really have the corollary in the for-profit sector. How
are you ever going to deal with any of the affordability issues if
the [private] rental market is just moms and pops renting out
individual units? You cant get any traction there. You need to
reduce your costs of operating it and thats got to be done at
scale.

In New York, around 80% of housing is rented. Glen says rented


housing makes sense, both to encourage workforce mobility and
to promote long-term affordability whereas making home
ownership more affordable makes no long-term dent in the
housing crisis The problem is if you dont do affordable housing
as rental housing by definition youre going to lose that unit unless
you have incredibly aggressive enforcement on resale. You could
say - and a lot of conservatives would say - theres nothing wrong
with subsidising the production of a unit if a poor person lives
there and 10 years later they sell it for a gazillion dollars - theyve
made money and thats wealth creation. But youve lost the unit
and so youre not making any sort of long-term dent in the
affordable housing crisis.

It strikes me the [UK]government should really be thinking


about some of the techniques weve had in the States where were
incentivising the private sector to really build this asset class up.

In New York, the$41.1bn housing plan, launched earlier this year,


aims to keep 120,000 homes affordable and to build 80,000
more, through a mix of planning measures, the use of city land,
subsidies and tax incentives for private sector developers.

Thats where Glens own background comes in: after a stint


working in the citys housing department in the late 90s, she
moved to Goldman Sachs, where she oversaw more than $5bn of
investment in residential, mixed use and commercial projects.
Being in City Hall having spent a decade on Wall Street is really
cool because I know what the other side is thinking in a way that I
didnt understand in my first go around, she says. Ive been to
the dark side and come back, so I have a much better
understanding of how those folks think.But while Glens
appointment by Mayor Bill de Blasio might have been viewed as a
way of reassuring developers that the new administration was not
anti-business, she will have to work hard to keep them on side.
Right now developers are on board. Theyll give when things are
good, but when things get tighter and they have to take on a little
more risk, theyll put up more of a fight.

On the other side of the coin, there are likely to be more run-ins
with housing campaigners, unhappy that the city isnt going
further faster on homes for the lowest income groups. But Glen is
at heart a pragmatist. Shes known, she says, as the queen of
housing production and that means the bottom line is getting
enough new homes.

A lot of advocates are really getting unhappy with us because I


think they thought we were going to be really focused on putting
low-income housing in high-end neighbourhoods. They are really
fundamentally more focused on economic integration than on
housing production, she says. Butweve got a housing crisis
there are 50,000 people including 30,000 children living in
homeless shelters in New York City. I cant sleep at night knowing
that. Those people dont have to live on 5th Avenue, they have to
live in decent housing.

New York homeless shelters are housing a record-high and the


cityshomeless crisisis attributed to a combination of factors,
including its worsening housing affordability and the growing
income inequality gap.One of the focal points of the tension over
housing affordability and inequality both here and in New York
has been rows over separate entrances for lower income tenants
in mixed blocks. Glen says: We dont live in this idyllic world
where everythings a blank slate. If the world was on day one
would everybody live happily together, would poor people and
rich people live together, would all schools be fabulous? Yes, but
thats not the reality of the world and so you do the best you can
and you prioritise what your values are. The poor door thing is
like a visual representation of what is a fundamental tension
between production and your ideal society.

New York is now focusing on a wider definition of affordable


housing than previously, to help more middle-income
households. And Glen is optimistic that the citys ambitious plan
is achievable. We are going to do it - Im going to be very
hungover and have a lot of grey hair, but we are going to do it.

New Yorks vision of progressive, mixed communities could apply


equally in the UK, Glen suggests. The ultimate strength of cities
is in their diversity. If you dont support the diversity of people,
places and industries you really are undermining the whole point
of what makes cities great.

Curriculum vitae
Age40s

LivesUpper West Side, Manhattan, New York City.

FamilyMarried, two children.

EducationManhattan country school; Amherst College;


Columbia Law School, juris doctor (law degree).

Career2014-present: deputy mayor, housing and economic


development, NYC; 2002-14: head, urban investment group,
Goldman Sachs; 1998-2002: assistant commissioner, housing
finance, NYC DeptHousing, Preservation & Development; 1997-
98: associate attorney, Fulbright & Jaworski; 1996-97: associate
attorney, Kalkines, Arky, Zall & Bernstein; 1993-96: Brooklyn
Legal Services; junior aide, Manhattan borough president, David
Dinkins.

Public life2010; David Rockerfeller Follow; served on various


NYC boards.

Interestshiking, golf, dining at New Yorks great restaurants.


--
Mahen Gunaratna
Director of Research and Media Analysis
Mayors Press Office| City Hall
mgunaratna@cityhall.nyc.gov
(212) 788-2428(o) |(347)-268-4295(c)
From: Lisa Gomez
To: Glen, Alicia
Subject: Re: Just remembered
Date: Friday, January 16, 2015 7:33:14 AM

Good.

Lisa Gomez
L+M Development Partners
419 Park Ave South
NY NY 10016
212.600.2919
917.620.5334

On Jan 15, 2015, at 11:15 PM, "Glen, Alicia" <AGlen@cityhall.nyc.gov> wrote:

> Ok. Think we are on it, but if not, let me know. How about a drink on the 28th?????
>
> ----- Original Message -----
> From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
> Sent: Thursday, January 15, 2015 09:26 PM
> To: Glen, Alicia
> Subject: Just remembered
>
> It was the transfer tax 420c thing I wanted to talk to you abput. Steve spoke w you I believe I ll call
u to follow up
>
> Lisa Gomez
> L+M Development Partners
> 419 Park Ave South
> NY NY 10016
> 212.600.2919
> 917.620.5334
From: Glen, Alicia
To: "Lisa Gomez"
Subject: RE: new topic
Date: Thursday, January 29, 2015 7:31:49 PM

Can we discuss after SOTC? Short answer is that is both CH and HPD.
A

Alicia Glen
Deputy Mayor for Housing & Economic Development
aglen@cityhall.nyc.gov
O: 212-788-0120

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Thursday, January 29, 2015 2:40 PM
To: Glen, Alicia
Subject: new topic

Whos spearheading 421 a strategy? I think NYSFAH could be helpful and wed like to discuss. Not
sure whether this is Vicki (left a message for her today) or CH, and if the latter you all or Emma.

From: Glen, Alicia [mailto:AGlen@cityhall.nyc.gov]


Sent: Wednesday, January 28, 2015 5:23 PM
To: Lisa Gomez
Subject: Re: still on for a drink tonight?

Will send some dates.


Sorry, truly.

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Wednesday, January 28, 2015 05:17 PM
To: Glen, Alicia
Subject: Re: still on for a drink tonight?

Yep.

Lisa Gomez
L+M Development Partners
419 Park Ave South
NY NY 10016
212.600.2919
917.620.5334

On Jan 28, 2015, at 5:09 PM, "Glen, Alicia" <AGlen@cityhall.nyc.gov> wrote:

at this point, likelihhod of escape before 8 is slim. Can we do it after SOTC?

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Wednesday, January 28, 2015 02:33 PM
To: Glen, Alicia
Subject: RE: still on for a drink tonight?

Ok keep posted on my way to meet w/ spinola, which should be at least


entertaining.

From: Glen, Alicia [mailto:AGlen@cityhall.nyc.gov]


Sent: Wednesday, January 28, 2015 2:31 PM
To: Lisa Gomez
Subject: Re: still on for a drink tonight?

Will know soon, but in SOTC prep - at a level of intensity I didn't expect bc of its focus.

From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]


Sent: Wednesday, January 28, 2015 02:18 PM
To: Glen, Alicia
Subject: still on for a drink tonight?

If so where and when? Pretty flex.


From: Glen, Alicia
To: "rmoelis@lmdevpartners.com"; "Patricof@greycroft.com"
Subject: Re: update on Northside
Date: Friday, March 06, 2015 10:09:42 AM

Ok. Will raise with tony re nypd budget.

From: Ron Moelis [mailto:Rmoelis@lmdevpartners.com]


Sent: Friday, March 06, 2015 09:02 AM
To: Alan Patricof <Patricof@greycroft.com>
Cc: Glen, Alicia
Subject: Re: update on Northside

30 police vehicles currently park there. We would be replacing them with structured
parking so it's costly.
If they parked in private lots and paid for spaces it probably would cost about 2500-
3000 per year per space.

Sent from my iPhone

On Mar 6, 2015, at 8:59 AM, Alan Patricof <Patricof@greycroft.com> wrote:

They are willing to move their cars but they need a spaces to put them. It in effect
constitutes renting garage space for I cant remember 50-75 cars a month. They
seem to think there are rental spaces in the area so , for example, if it costs $100 per
month to rent a space near there it would be $5,000 to $7.500 per month or under
$100,000 per year. That would be far less costly than having to spend up front $3-5
mill more to build the parking spaces for them on premises.
My figures may be off but I am just trying to give you a sense of what they were
alluding to in subsidy from the city.
Ron, please correct me.

From: Glen, Alicia [mailto:AGlen@cityhall.nyc.gov]
Sent: Friday, March 06, 2015 8:34 AM
To: Alan Patricof
Cc: 'rmoelis@lmdevpartners.com'
Subject: Re: update on Northside

The cops need to rent space?


From: Alan Patricof [mailto:Patricof@greycroft.com]
Sent: Friday, March 06, 2015 08:29 AM
To: Glen, Alicia
Cc: rmoelis@lmdevpartners.com <rmoelis@lmdevpartners.com>
Subject: Re: update on Northside

I think he is referring to dollars of subsidy. They will move but they need to rent space
On Mar 5, 2015, at 7:33 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:

How much more CH support does he need if the Mayor said he wanted to
do it?
FYI - he didn't say anything to me.

From: Alan Patricof [mailto:Patricof@greycroft.com]


Sent: Thursday, March 05, 2015 03:53 PM
To: Glen, Alicia
Cc: Ron Moelis <Rmoelis@lmdevpartners.com>
Subject: RE: update on Northside

No
Chief Murtaugh told me that Bratton spoke with the Mayor and
supported our idea but he said it now needs City Halls support to make
it happen.

From: Glen, Alicia [mailto:AGlen@cityhall.nyc.gov]
Sent: Tuesday, March 03, 2015 10:23 PM
To: Alan Patricof
Cc: 'rmoelis@lmdevpartners.com'
Subject: Re: update on Northside

So all is good?
Alicia

From: Alan Patricof [mailto:Patricof@greycroft.com]


Sent: Wednesday, February 25, 2015 12:34 PM
To: Glen, Alicia
Cc: Ron Moelis (Rmoelis@lmdevpartners.com)
<Rmoelis@lmdevpartners.com>
Subject: FW: update on Northside

Alicia,

I was down at NYPD Headquarters today in connection with a meeting I
sponsored for the venture community on behalf of the NYPD Foundation.
The event was chaired by Bill Bratton and attended by Chief Murtagh who
I had met by phone two weeks ago. Bill asked me to stay around for 5
minutes afterwards to discuss the parking lot situation.
We ended up spending about 15 minutes in his office and we were joined
by Muztagh and Deputy Commissioner Grippi sp???
It was an extremely cordial and constructive meeting where they
explained to me that they wanted to be helpful and had been in touch
with the Housing Authority who owns the plot and had considered various
alternatives for their vehicles. I dont want to put words in their mouth
but I believe they said they had found other locations in the area where
they could lease spaces for the vehicles off the street and seemed willing
to do so but it then became a matter of cost and for this they would need
the administration to see what they were willing to do to be helpful in
the situation.
I believe they are being sincere and that they understand the situation
and want to be helpful and are prepared to do their part. They now need
Housing and City Hall to play some role. ( He brought up that there are I
believe 3 situations similar to the Northside problem. In two of the other
situations the NYPD owned the property and in this case Housing owned
the space.)
The Commissioner said that he meets every Monday with the Mayor but
would not see him next Monday but the Monday after. After their basic
meeting he said they have a sidebar session where each brings up special
matters of interest. He volunteered to bring up the Northside situation on
March 9th and suggested that if someone whispered in the Mayors ear
beforehand it would be helpful to the discussion.
Bottom line , I believe we will need the City to help ameliorate the
situation now as the other parties seem to be willing to be constructively
helpful.
From: Lisa Gomez
To: Glen Alicia
Subject: [From Vwall: Warning UNSCANNABLE Unable to Scan]Fwd: March MAC Meeting
Date: Monday, March 09, 2015 8:03:38 PM
Attachments: SDDA Maps 2-25-15.pdf
ATT00001..htm

Sent from my iPhone

Begin forwarded message:

From: "Garwood, Bret (NYSHCR)" <Bret.Garwood@nyshcr.org>


To: "Parries, Nydia (NYSHCR)" <Nydia.Parries@nyshcr.org>, "shochberg@sbchlaw.com"
<shochberg@sbchlaw.com>, "Murphy, Dan (NYSHCR)" <Dan.Murphy@nyshcr.org>,
"daron.tubian@baml.com" <daron.tubian@baml.com>, "lgoodman@norstarus.com"
<lgoodman@norstarus.com>, "jkelly@nixonpeabody.com" <jkelly@nixonpeabody.com>,
"matthew.bissonette@citi.com" <matthew.bissonette@citi.com>,
"james.angley@bluestoneorg.com" <james.angley@bluestoneorg.com>,
"duncan@omnidevelopment.com" <duncan@omnidevelopment.com>,
"ASoja@firststerling.com" <ASoja@firststerling.com>, "Mdunn@Dunndev.com"
<Mdunn@Dunndev.com>, "dmagidson@enterprisecommunity.com"
<dmagidson@enterprisecommunity.com>, "syonaty@chwattys.com"
<syonaty@chwattys.com>, "Timf@coniferllc.com" <Timf@coniferllc.com>,
"alexandra@nysafah.org" <alexandra@nysafah.org>, "jmilstein@nysafah.org"
<jmilstein@nysafah.org>, "Lisa Gomez" <lgomez@lmdevpartners.com>, "Zucker, Marian
(NYSHCR)" <Marian.Zucker@nyshcr.org>, "richard.roberts@redstoneequity.com"
<richard.roberts@redstoneequity.com>, "Fitzgerald, Sean (NYSHCR)"
<Sean.Fitzgerald@nyshcr.org>, "Flescher, Mark (NYSHCR)" <Mark.Flescher@nyshcr.org>,
"Danielle Guzzardo" <DGuzzardo@firststerling.com>, "Phillips, Karen (NYSHCR)"
<Karen.Phillips@nyshcr.org>, "Boyd, Gloria (NYSHCR)" <Gloria.Boyd@nyshcr.org>
Cc: "Patricia Spall" <pspall@coniferllc.com>
Subject: RE: March MAC Meeting

Hello,

I received a request for the pdf of the maps that were handed out regarding the SDDA
discussion. Attached are the SDDA maps that were distributed at the MAC meeting last week
so that everyone has this handout. Please let me know if you have any questions.

Thanks,

Bret

Bret Garwood
Senior Vice President Multifamily Programs

New York State Homes & Community Renewal


38-40 State St., Hampton Plaza, Albany, NY 12207
(518) 486-5187 bret.garwood@nyshcr.org<mailto:bret.garwood@nyshcr.org>

641 Lexington Ave., 5th Floor, New York, NY 10022


(212) 872-0440 bret.garwood@nyshcr.org<mailto:bret.garwood@nyshcr.org>

www.nyshcr.org<https://urldefense.proofpoint.com/v2/url?u=http-
3A__www.nyshcr.org_&d=BQMFAg&c=7MOdPZrSodk4I94UlCv5AiElGaxFBv01Sp7Zf0b8sOI&r=3r_dcew-
i7wDg4w6FthN8tdK0reIS1RF16lsXR2BH3A&m=FwbWIIzYqeDGPqsV4bsDPe42u4CTJQXP3-
cifJfA5nk&s=0cvuHYqHU0UYERAsTJX-zRUlwwW8RwJtRlAvFgbDHQU&e=>
Follow on Twitter at @NYSHCRonline

-----Original Appointment-----
From: Parries, Nydia (NYSHCR)
Sent: Friday, February 06, 2015 2:36 PM
To: Parries, Nydia (NYSHCR); shochberg@sbchlaw.com; Murphy, Dan (NYSHCR);
daron.tubian@baml.com; lgoodman@norstarus.com; jkelly@nixonpeabody.com;
matthew.bissonette@citi.com; james.angley@bluestoneorg.com;
duncan@omnidevelopment.com; ASoja@firststerling.com; Mdunn@Dunndev.com;
dmagidson@enterprisecommunity.com; syonaty@chwattys.com; Timf@coniferllc.com;
alexandra@nysafah.org; jmilstein@nysafah.org; lgomez@lmdevpartners.com; Zucker, Marian
(NYSHCR); richard.roberts@redstoneequity.com; Garwood, Bret (NYSHCR); Fitzgerald, Sean
(NYSHCR); Flescher, Mark (NYSHCR); Danielle Guzzardo; Phillips, Karen (NYSHCR); Boyd, Gloria
(NYSHCR)
Cc: Patricia Spall
Subject: March MAC Meeting
When: Thursday, March 05, 2015 2:00 PM-4:00 PM (UTC-05:00) Eastern Time (US & Canada).
Where: 641 Lexington Ave, conference room C

<< File: MAC meeting notes 11.12.14.pdf >> << File: MAC Agenda 3.5.15.pdf >>

Updated Agenda attached.


From: Glen, Alicia
To: "Lisa Gomez"
Subject: RE: Transfer tax issue
Date: Wednesday, March 18, 2015 10:47:15 AM

Can you re-send me the original email re: the issue? Not sure who it went to so if I have it, then I can
push it....

Alicia Glen
Deputy Mayor for Housing & Economic Development
aglen@cityhall.nyc.gov
O: 212-788-0120

-----Original Message-----
From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
Sent: Wednesday, March 18, 2015 9:21 AM
To: Glen, Alicia
Subject: Transfer tax issue

When you and I met we discussed dof and transfer tax I think you said you were going to send a note
to someone at dof. How should we best close the loop from dof to the folks who have the open Issues
pending? Do you foresee them issuing written guidance?

Sent from my iPhone


From: Glen Alicia
To: "rmoelis@lmdevpartners com"
Subject: Re: Alicia Glen hints at plan to preserve a "funky" New York - The Insider Blog | Crain"s New York Business
Date: Friday, April 10, 2015 9:36:10 PM

No kidding.

From: Ron Moelis [mailto:Rmoelis@lmdevpartners.com]


Sent: Friday, April 10, 2015 09:25 PM
To: Glen, Alicia
Subject: Re: Alicia Glen hints at plan to preserve a 'funky' New York - The Insider Blog | Crain's New York Business

You are right on with this one. Luckily they didn't mention ess a bagel...

Sent from my iPhone

On Apr 10, 2015, at 6:30 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:

Thought u would be amused.



From: Carl Weisbrod (DCP) [mailto:CWEISBROD@planning.nyc.gov]
Sent: Friday, April 10, 2015 04:45 PM
To: Glen, Alicia
Subject: FW: Alicia Glen hints at plan to preserve a 'funky' New York - The Insider Blog | Crain's New York Business

I am always reminded that when Ed Koch was first campaigning for Mayor in 1977 some older woman tugged at his suit
on the Brighton Beach boardwalk and begged him, Mr. Koch, Mr.Koch make the city what it once was. And, Koch,
responded: Lady it was never that good!

http://www.crainsnewyork.com/article/20150410/BLOGS04/150419986/alicia-glen-hints-at-plan-to-preserve-
a-funky-new-york

Alicia Glen hints at plan to preserve a 'funky' New York


Andrew J. Hawkins
Apr 10, 2015 4:00 pm

Deputy Mayor Alicia Glen did not endorse a plan to give small businesses a year reprieve when threatened with
eviction. Photo credit: Buck Ennis
SHARE
Share

Alicia Glen, the city's deputy mayor for housing and economic development, doesn't want to give up the funk.
In a radio interview Friday, Ms. Glen said she supports the idea of protecting "funky" mom-and-pop shops
from high rents and encroaching chain stores, but stopped short of endorsing a proposal to give small
businesses a year-long reprieve if their landlords try to boot them out.

"We do not want to become a city that is bland and uniform," she told WNYC's Brian Lehrer. "We want to be
the cool, funky New York that makes us the greatest city in the country."

Last month, Manhattan Borough President Gale Brewer and City Councilman Robert Cornegy, chair of the
small business committee, unveiled legislation to force landlords and tenants to have "a mandatory, nonbinding
negotiation and mediation period ... with the option of a one-year lease extension with no more than a 15% rent
increase to give business the opportunity to transition to a new space smoothly."

But Ms. Glen told WNYC's Brian Lehrer she had only received Ms. Brewer's proposal "late last week." Asked
if she endorsed the idea, she hedged.

"We're reviewing it," she said. "Over the next couple months, we'll be announcing some initiatives and
working with [Ms. Brewer] to address this problem head on."
New Yorkers have become glumly familiar with stories of long-time businesses succumbing to rising rents and
an unforgiving real estate market. As recent as this week, 44-year-old Pearl River Mart, a New York City
institution, said it would be closing its SoHo department store at the end of the year because it could not afford
the $500,000 monthly rent next year. In 2014 alone, the city bade farewell to classic storefronts like Kim's
Video and Musicin the East Village, Famous Oyster Bar in midtown, Cafe Edison on West 47th
Street, Glasslands in Williamsburg and Rizzolli Bookstore on West 57th Street. In announcing her legislation,
Ms. Brewer cited the closure of Big Nick's Burger and Pizza on the Upper West Side as one that hit
particularly close to home.
Last year, there was a 2.5% increase in the number of national chain stores, a much more significant increase
than the 0.5% gain between 2012 and 2013, according to a recent report by the Center for an Urban Future.

But Ms. Glen acknowledged that sometimes, New Yorkers over-romanticize the city's past.

"If you're a born and bred New Yorker, you tend to re-write history a little bit," she said. "Change is hard. But
change is also great."

So far, Mayor Bill de Blasio has focused more attention on paring down the amount small businesses pay the
city in fines and levies, and less on how to protect iconic businesses from rising rents. Affordable housing has
been his administration's primary crusade, as well as how to build higher and denser without further
exacerbating gentrification. That said, the mayor is not in the "anti-gentrification" camp by a long shot.

Gentrification brings more jobs, amenities, interest and activity and safer streets, said Mr. de Blasio in his State
of the City speech earlier this year. But it also puts pressure on long-time residents and businesses, he admitted.
"In the past, weve been told: sorrytheres nothing you can do about that," he then said. "You can either have
a safe and clean neighborhoodor you can have one you can afford. Not both. Well, as my grandmother might
say, thats 'una cavolata!'"
From: Glen, Alicia
To: "rmoelis@lmdevpartners.com"
Subject: Fw: Capital Real Estate, presented by Cushman & Wakefield: New development prices dipCouncil bill would
force prevailing wage on affordable housing projectsIn possible sign of rent freeze, report says landlord costs
nearly flat
Date: Friday, April 17, 2015 8:53:23 AM

This is the newletter you need to subscribe to.

From: Ryan Hutchins - Capital New York [mailto:rhutchins@capitalnewyork.com]


Sent: Friday, April 17, 2015 05:30 AM
To: Glen, Alicia
Subject: Capital Real Estate, presented by Cushman & Wakefield: New development prices dipCouncil
bill would force prevailing wage on affordable housing projectsIn possible sign of rent freeze, report
says landlord costs nearly flat

By Ryan Hutchins, with Kelly Weill

PREVAILING WAGECity Council bill would be boon for unions, blow to


affordable housing developers: Legislation introduced in the City Council on
Thursday would require a prevailing wage be paid on many construction projects
that receive public benefits, potentially slowing affordable housing development
across the boroughs. Passage of the measure would hand labor unions and worker-
rights advocates an enormous win. Many builders across the city would be forced to
hire a union workforce, or at least meet the requirements set by the city
Comptrollers Office for prevail wage. Its a really good bill, said Councilwoman
Elizabeth Crowley, who introduced the legislation. Its going to go a long ways in
making sure people working on construction sites make a fair wage.

But such a law would also deliver a blow to developers of low-cost


apartments and could prove troublesome to Mayor Bill de Blasios ambitious housing
plan ..... The legislation does not target all development receiving benefits, just
those that get discretionary assistance from the city. That would exclude the
controversial 421-a tax abatements . So most big-time developers would be
exempt. Even so, many projects that exceed 20 percent affordable housing do so
with additional, discretionary help and would be required to pay much more for
labor. Many cultural projects would also be required to pay prevailing wage, as
would anything receiving benefits from the citys Economic Development Corp.

In the end, the government would have to commit to providing more


subsidy or accept that fewer affordable apartments would be built, said Jerilyn
Perine, executive director of the Citizens Housing & Planning Council. The group has
studied the issue and published a 19-page white paper on the potential effect of
prevailing wage on affordable housing. It found that total development costs could
rise 25 percent, pushing the cost of an apartment up by hundreds of dollars per
month. Youre either going to get fewer units subsidized or youre going to have to
put more subsidy dollars in, Perine, the former commissioner of the Department of
Housing Preservation and Development, said. You cant just keep the subsidy the
same and think youre going to get the sameand make the costs higher. That sort
of mathematical equation doesnt work.

My story: http://bit.ly/1JOzcZ9
GOOD FRIDAY MORNING: Welcome to Capital Real Estate. This roundup is for
you, so please tell us how we can make it better. Send tips, news, ideas, calendar
items, releases, promotions, job postings, birthdays, congratulations, criticisms and
corrections to me at rhutchins@capitalnewyork.com or on Twitter @ryanchutchins.

TIP ME: Something going on readers should know about? Let me know:
rhutchins@capitalnewyork.com.

SHARE ME: Like this newsletter? Please tell a friend to sign up. Just give them this
link: http://bit.ly/1xTCo

LIVING WAGE"Under Deal, Living Wage for Workers at a Tower in


Hudson Yards," by Times' Patrick McGeehan: New York City officials said on
Thursday that all of the workers in a proposed office tower in the Hudson Yards
project in Midtown Manhattan will be paid at least $13.30 an hour, the first broad
application of Mayor Bill de Blasios executive order mandating a living wage. The
deal, struck with Brookfield Property Partners, is the first involving a construction
project that has applied for significant tax breaks from the city since the mayor
signed the order last fall.

It called for a living wage for all workers, including employees of retail stores
and other tenants, in projects that receive subsidies from the city. Alicia Glen ...
said the agreement with Brookfield proved that developers receiving big tax breaks
will accept the burden of finding tenants who will pay all of their workers more than
the minimum wage. She said she expected two more big developments to apply for
subsidies this year, and she indicated that they, too, would have to accept the rules
for their tenants.

The main developer of Hudson Yards, the Related Companies, had already
received authorization for much of its plans before the mayors executive order
overrode the exemption. Related has agreed to have the original living wage rules
apply to its employees and those who work for Equinox, a fitness-club chain owned
by Related. But the higher living wage that Mr. de Blasio ordered will not apply to
Relateds tenants in Hudson Yards. http://nyti.ms/1PVKEqc

Flashback Times' Kate Taylor, March 2012: Christine C. Quinn, the City
Council speaker, already facing skepticism over her handling of legislation that would
raise wages for some private-sector workers, has decided to add an exemption for
one of New Yorks biggest pending developments, Hudson Yards.
http://nyti.ms/1PVL9Ay

RENT REGULATION"Lower Fuel Prices Drove Down Cost to Landlords,


Says City," by WNYC's Janet Babin: According to the New York City Rent
Guidelines Board's Price Index of Operating Costs, landlord costs increased just 0.5
percentthe fifth lowest increase since the Index began in 1969. The drop is due in
part to a 21 percent decrease in fuel costs. Real estate taxes and insurances costs
rose. The report helps the board decide how much, if at all, to increase rents on
stabilized apartments, although the correlation between Index and increase is often
murky. For example, last year's Index found that building owner costs rose 5.7
percent yet the RGB approved a one percent increase for tenants with one-year
leases, and a 2.75 percent increase for rent stabilized tenants with two-year leases.
http://bit.ly/1G19DFT

HOTEL BEAT"Developers look to bust Bryant Park Hotel imitator,'" by


Lois Weiss: City developers are duking it out over the name Bryant. Developers
Phil Pilevsky, Raymond Gindi and Joseph Chehebar, who own The Bryant Park Hotel,
on Thursday sued Ziel Feldmans HFZ Capital over its plans to open a hotel and
residences called The Bryant just steps away. HFZ Capital should be stopped from
using the Bryant name, the suit claims. It also seeks damages of more than $50
million. http://bit.ly/1JOA009

STATEN ISLAND DEVELOPMENTDevelopers break ground on Staten


Islands massive Empire Stores project but Ferris wheel will come later,
by the News Keldy Ortiz and Katherine Clarke: Developers have finally
broken ground on Staten Island's Empire Outlets, a huge-scale retail complex slated
to permanently alter the face of the borough's North Shore. The project, the largest
development in Staten Island since the Verrazano-Narrows Bridge, will comprise 100
designer factory stores, including national brands such as Nordstrom Rack, H&M,
Gap Outlet, Banana Republic Factory Store, Guess Factory Store and food options
such as Starbucks, Nathan's and Applebee's. Construction is supposed to be
completed next year. http://nydn.us/1GPYPub

======================

** A message from Cushman & Wakefield: Cushman & Wakefieldis proud


to have exclusively handled the $23.78 million sale of The Vanguard Retail Portfolio,
consisting of three retail properties in Queens. The properties, which are located in
Briarwood and Oakland Gardens, total 28 units and approximately 44,858 square
feet with additional development potential. **

======================

SKELOS WATCH"New York Sen. Dean Skelos to Cooperate With Federal


Inquiry," by WSJ's Rebecca Davis O'Brien and Erica Orden: New York state
Senate leader Dean Skelos said Thursday he would cooperate with investigators in
the wake of reports that they are probing him and his son as part of a wider look
into corruption in Albany. I have and will continue to cooperate with any inquiry,
Mr. Skelos said in a statement issued Thursday. The Nassau County Republican
didnt comment further. His son, Adam Skelos, whose business dealings are said to
be under scrutiny, couldnt be reached for comment. http://on.wsj.com/1PVMesc

The connection to Robert Kennedy, by Capitals Scott Waldman: The


company at the center of the federal investigation of Senate Majority Leader Dean
Skelos and his son has strong connections to an environmental group headed by
Robert F. Kennedy Jr. The connections between Skelos' son, Adam Skelos, and
AbTech Industries is at the center of the investigation by federal prosecutors and the
FBI, the New York Times reported Wednesday. AbTech is a small Arizona company
that sells environmental sponge-like filters that remove pollutants from the water
and can be used in sewer and stormwater runoffs. Federal officials are looking into a
$12 million deal the company made with Nassau County, allegedly under pressure
from Adam Skelos. Glenn Rink, AbTech's president and chief executive officer, is
chair of the board of directors at Waterkeeper, the environmental organization
started by Kennedy. Kennedy is Governor Andrew Cuomo's former brother-in-law
from his marriage to Kerry Kennedy. http://bit.ly/1aC6HS2

The acting Nassau County district attorney announced she would review
how Abtech won its contract. http://nwsdy.li/1GRo4fG
A person who met with investigators told the Daily News that half the
questions focused on the lobbying arm of Sen. Skelos law firm.
http://nydn.us/1aChnzP

THE FALLOUTCapitals Josefa Velasquez : In January the Assembly was


thrown into disarray and halted all legislative work for a matter of weeks following
the criminal complaint against then-speaker Sheldon Silver. With news that U.S.
Attorney Preet Bharara's office is circling around Senate Majority Leader Dean Skelos
with roughly two months of session left, it begs the question: What, if anything, will
get done? I don't think it will have any effect on the rest of session unless there's
more to come, Blair Horner, the legislative director for the New York Public Interest
Group, said of the Wednesday night New York Times report. The report rekindled
speculation that a shake-up in the senate or the potential indictment of one of the
most powerful men in Albany could send the upper chamber into a spiral at a crucial
time when both rent regulation laws and mayoral control of schools are set to
expire. http://capi.tl/1b7T6mB

Context, from Bloombergs Freeman Klopott: Three of the past four Senate
leaders have been indicted, Eliot Spitzer resigned as governor after becoming
entangled in a prostitution investigation and a comptroller was caught taking
kickbacks for pension investments. Dozens of rank-and-file members have been
arrested over the past decade, including three in a span of five weeks in 2013.
http://bloom.bg/1yz2fyV

Politicking, via New Yorks Chris Smith: If Skelos were to step aside, either
temporarily to fight any changes or permanently if the charges turn out to be
severe, the top contenders to replace him could be Syracuses John DeFrancisco and
Suffolk Countys John Flanagan. http://nym.ag/1HcmKma

MARKET REPORTSPrices drop for new development housing in


Manhattan, by Capitals Kelly Weill: Prices for newly developed housing in
Manhattan experienced a slight dip during the first three months of the year, while
the Brooklyn housing boom showed no signs of slowing, a new report found. Median
sale prices for new developments in Manhattan were down 14.5 percent in the first
quarter from the same period last year, according to the report by the residential
real estate firm MNS. Prices per square foot in new units were also down, but by a
much smaller amountapproximately 0.3 percent. The biggest drop in Manhattan
was in Murray Hill, where median sale prices on new developments fell from $3.22
million during the first quarter last year to $1.23 million this year. The median price
per square foot fell from $2,105 to $1,724, according to MNS. http://bit.ly/1JOAK5o

LEASING"David Boies' law firm eyes move to Hudson Yards," by Crain's


Daniel Geiger: The law firm co-founded by the high-profile trial attorney David
Boies is in talks to become the first tenant to sign on to a new Hudson Yards office
tower on the far West Side of Manhattan. Boies Schiller & Flexner is negotiating to
take about 100,000 square feet at 55 Hudson Yards, a 51-story, 1.3 million-square-
foot building at the corner of West 33rd Street and 11th Avenue that began rising
earlier this year. The law firm will relocate from its current Manhattan headquarters
at 575 Lexington Ave., where, according to sources, it occupies about 150,000
square feet. http://bit.ly/1G1cvmb

"WeWork takes a second large space at Dumbo Heights," by The Real


Deal's Rey Mashayekhi and Rich Bockmann: Mere months after committing to
90,000 square feet at Dumbo Heights, WeWork is taking another 72,000 square feet
of office space at the complex, The Real Deal has learned. The $5 billion shared
office space provider is expected to officially sign up for the space at 77 Sands
Street in the next few weeks, sources said. http://bit.ly/1G1h3Jb

BAD LANDLORDS"2 Brooklyn Landlords, Accused of Making Units


Unlivable, Are Charged With Fraud," by Times' Mireya Navarro: In what
prosecutors and New York City officials described as a particularly egregious example
of tenant hounding, the owners [of 324 Central Avenue in Bushwick], Joel and Aaron
Israel, who are brothers, were arrested on Thursday on charges that they
intentionally wrecked tenants apartments at 324 Central and other buildings to try
to drive residents out and also lied to city officials about the work they were doing.
http://nyti.ms/1PVOpMo

CAPITAL TRACKERS1-3 family home sales for March, by Brendan


Cheney: The greatest number of sales of class 1 properties were in Queens, with
1,341 sales, followed by Brooklyn with 1,248 sales. There were 319 sales in the
Bronx, 264 in Staten Island and 31 in Manhattan ... Brooklyn had the highest total
sales volume with more than $741 million in sales, followed by Queens with $536
million. Manhattan has the third highest sales volume at $152 million, followed by
the Bronx ($96 million) and then Staten Island ($81 million). http://bit.ly/1ywhush

Have you seen the latest cover? Check out this months issue of CAPITAL
Magazine on Infrastructure. Interested in showcasing your company inside the
May issue? Email advertising@capitalnewyork.com for details.

LEGAL FIGHTS"Heritages Toby Moskovits battles with partner on


projects," by The Real Deal's Mark Maurer: Heritage Equity Partners founder
Toby Moskovits is battling with her partner Joel Gluck over two projects she claims
are in imminent peril, and is suing him along with investor Yoel Goldman and
mortgage brokerage Meridian Capital Group. The Brooklyn-based developer filed two
separate lawsuits in New York State Supreme Court in January and February. The
projects in question are a 170-unit Long Island City residential building at 41-21
28th Street, and the church-to-rental conversion known as the Spire Lofts at 163
North 6th Street in Williamsburg, respectively. http://bit.ly/1G1i4B6

Skanska targets Forest City associate BerlinRosen, partner Greenland;


seeks civil contempt ruling, by Norman Oder: No, the battle over the ill-
fated modular partnership between Forest City Ratner and Skanska USA is not over.
Anow an associated dispute has gotten bitter, as Skanska seeks to hold
BerlinRosen, a Forest City p.r. firm (and a major player in NYC politics), and
Greenland USA, Forest City's new joint venture partner (and majority owner of
Atlantic Yards/Pacific Park), in civil contempt of court based on their alleged failure
to properly respond to subpoenas seeking documents. http://bit.ly/1JOC60b

"Reid Price loses appeal against Town," by The Real Deal's Claire Moses:
http://bit.ly/1G1ilnt

MAP CLICKERMAP: Where Can the Average New Yorker Afford a Studio
Apartment? by DNAinfos Nigel Chiwaya: Where can a New Yorker on an
average salary live, without spending 30% of their income on rent? According to the
de Blasio administration, people investing over 30% of their income on housing are
rent-burdened. Data compiled from StreetEasy reveals that nearly every Manhattan
neighborhood, with the exceptions of Inwood and Central Harlem, would be a rent
burden on the average New Yorkers salary of $52,259. Large swathes of Brooklyn,
Queens, and the Bronx are out of the picture, too. Units in Long Island City,
Williamsburg, and parts of Astoria would consume over 50% of the average New
Yorkers income, while housing in Bed-Stuy, Sunset Park, and Concourse are still
considered affordable. http://dnain.fo/1IOkJil

WANT TO KNOW WHAT YOU'RE MISSING? Tired of bumping into our paywall
when you click on exclusive Capital Pro content? Get a no-risk, two-week free trial
to Capital Pro by emailing us at subscribe@capitalnewyork.com.

DURST WATCHRobert Durst Biographer Matt Birkbeck talks about The


Jinx, Robert's future, interview with Vultures Dan Reilly: Here's what's
going on. Law enforcement wants him to stay in New Orleans for a while. They want
to take a deep breath, they want to be able to look and see what, if anything, is out
there involving him. I think they believe there are other cases out there. They're
going to use this time to find them. That includes getting to the bottom of the Karen
Mitchell case, and Modaferri. It gives them time to investigate properly, and not just
the cases we know about. Moving forward, unless the judge down there throws out
the charges, he could potentially spend several years in prison down there and then
ultimately face trial in Los Angeles. I think the people who have been most affected
by this case, particularly the family of Kathie Durst, would like nothing better than to
see him tried in Los Angeles for the murder of Susan Berman, because if he's found
guilty of killing Berman, the charge would be that he killed her to shut her up
because she knew about Kathie. That would give authorities in New York a motive.
He was convicted on it.

http://bit.ly/1PVR1df

TECH CITY"Etsy IPO Is Milestone for New York Startup Scene," by WSJ's
Yuliya Chernova: For the burgeoning New York City startup and venture capital
scene, Etsy Inc.s blockbuster initial public offering Thursday is a beacon of what is
possible. The online marketplace for handmade and unique items, founded in
Brooklyn in 2005, priced its IPO at a valuation of $1.8 billion and saw shares and
market capitalization almost double on the first day of trading on Nasdaq. It is a
milestone for New York City, which has seen few startups, backed by venture capital,
in recent years go public or sell for large amounts. Tumblr Inc., sold for $1.1 billion
to Yahoo in 2013, was a rare example. http://on.wsj.com/1JODRua

"How Etsy IPO enriches Blackstone's Stephen Schwarzman, of all


people," by Crain's Aaron Elstein: Etsy went public [Thursday] and its stock
immediately more than doubled out of the gate. This makes a lot of people happy,
including Fred Wilsons Union Square Ventures, which sold $14 million worth of
shares at the initial offering price and now sits on a stake worth about $500 million.
Another fellow whos delighted by Etsys rapturous reception is Blackstone Group
Chief Executive Stephen Schwarzman. No, Blackstone isnt an Etsy shareholder and I
have no idea if Mr. Schwarzman or his wife likes to shop there. But the hot IPO
market means that Mr. Schwarzman appears to be well on his way to becoming the
first CEO to get paid $1 billion in a single year, as Crains predicted in a story last
month. http://bit.ly/1G1cVZN

TRANSPORTATION BEAT"Accessibility advocates and taxi agents unite


against Uber," by Capital's Dana Rubinstein: Finding common cause in their
opposition to Uber, advocates for the disabled and taxi industry players gathered in
front of City Hall on Thursday to back a bill that would require all for-hire vehicles to
be wheelchair-accessible. Taxi app companies, Uber foremost among them, are
making ever bigger inroads into New York Citys taxi market. At the same time, the
city and the yellow taxi industry have, slowly, been making strides toward
accessibility. http://bit.ly/1G1eGWW

#LANDMARKS50"Celebrating 50 Years of New Yorks Landmarks Law (at


a Landmark, of Course)," by Times' James Barron: At a party on Wednesday
night that was all about landmarks, the where-were-you-then question simply had to
be asked: Where were you on April 19, 1965, when Mayor Robert F. Wagner Jr.
signed New York Citys landmarks law? Probably screening Andy Warhol movies,
said the director and poet Jonas Mekas, who had founded the Filmmakers
Cinematheque on Astor Place a couple of years earlier. Warhol often brought in
footage that had just been developed, he said. At my brothers third-birthday party,
said Scott M. Stringer, the city comptroller, adding that he himself was a precocious
5-year-old at the time. So it went at the party, convened by NYC Landmarks50
Alliance, a confederation of historic preservationists and preservation groups. In the
crowd were Gale A. Brewer, the Manhattan borough president; Meenakshi
Srinivasan, the chairwoman of the landmarks commission; and Chirlane McCray, the
wife of Mayor Bill de Blasio. http://nyti.ms/1JOES5t

Video "How NYC's Landmarks Act Bulldozed the Future," from


ReasonTV: http://bit.ly/1JOFjwB

SHORT READS:

"Amid Criticism Richardson Resigns As CB9 Treasurer," by Kings County Politics:


http://bit.ly/1JOEdAX

"Rupert Murdoch Lists Manhattan Penthouse for $72 Million," by WSJ's Candace
Taylor: http://on.wsj.com/1JODXlo

"Seagram Building owner RFR sells Frankfurt tower for $510M, by Bloombergs
Dahlia Fahmy: http://bloom.bg/1FYEDpR

James Corcoran out as Towns controller, by the Real Deals E.B. Solomont:
http://bit.ly/1IPpZCa

"Controversial UWS Church-to-Condo Conversion Approved by Board," by


DNAinfo's Emily Frost: http://dnain.fo/1G1auq4

"RXR Completes 32 Old Slip Buy With $325M Loan Brokered by Meridian," by
Commercial Observer's Damian Ghigliotty: http://bit.ly/1G1f3ki

"James Corcoran out as Towns controller," by The Real Deal's E.B. Solomont:
http://bit.ly/1G1hpiU

======================

** A message from Cushman & Wakefield: Cushman & Wakefield advises and
represents clients on all aspects of property occupancy and investment. Founded in
1917, it has 248 offices in 58 countries, employing more than 16,000 professionals.
It offers a complete range of services to its occupier and investor clients for all
property types, including leasing, sales and acquisitions, equity, debt and structured
finance, corporate finance and investment banking, appraisal, consulting, corporate
services, and property, facilities, project and risk management. To learn more,
click HERE. **

======================

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From: Glen, Alicia
To: "skoppel@JonesDay.com"; "rmoelis@lmdevpartners.com"; "richard.baron@mccormackbaron.com"
Subject: Fw: COMMERCIAL OBSERVER - A New Deputy in Town: The Sit-Down With Alicia K. Glen
Date: Wednesday, April 22, 2015 12:53:47 PM

Since I understand you are all together, thought you would enjoy the attached. I have never looked
more exhausted, but it is all for a good cause!
Have fun. Build housing!

From: Clips
Sent: Wednesday, April 22, 2015 12:04 PM
Subject: COMMERCIAL OBSERVER - A New Deputy in Town: The Sit-Down With Alicia K. Glen

A New Deputy in Town: The Sit-Down With Alicia K. Glen


COMMERCIAL OBSERVER - Danielle Schlanger
http://commercialobserver.com/2015/04/a-new-deputy-in-town-the-sit-down-with-alicia-k-
glen/

Alicia K. Glen, the citys deputy mayor for housing and economic development, insists that
shes not the kind of public servant who will ever run for office.

Who would vote for me? she asked. Nobody would ever vote for me in their right mind.

But when it comes to the work politicos actually do (developing and implementing policy,
dealing with the byzantine city agencies, talking to the press), Ms. Glen has few equals in
City Hall.

When Commercial Observer visited Ms. Glen at City Hall on Good Friday, the building was
quietbut she had plenty of energy.

Im 100 percent ready. Im caffeinated, she said. Ms. Glen has channeled this enthusiasm
into her work on Mayor Bill de Blasios agenda since leaving Goldman Sachs Urban
Investment Group to return to city government in January 2014 (she also worked under
Mayor Rudy Giuliani as the assistant commissioner for housing finance and as a junior aide
to then-Manhattan Borough President David Dinkins).

Ms. Glens road to City Hall has been anything but linear, and the experience accrued on her
journey to the de Blasio administration has proven to be pivotal in working on some of the
mayors most high-profile, and high-stakes, projects. These initiatives include the mayors
most talked-about undertaking, building and securing 200,000 units of affordable housing
over the next decade, and expanding the innovation and manufacturing economy thats
sprouted in the outer boroughs. She sat down with CO to discuss how the halls of Goldman
differ from those of City Hall, the uncertain future of 421a and the reading material in her
office, including The Power Broker: Robert Moses and the Fall of New York by Robert A.
Caroa provocative title for a city administrator.

Commercial Observer: In a past interview, you describe yourself as an unusual person.


Why did you use this word?

Ms. Glen: Im guessing that the context of the word unusual was when people think about
my career and the different things Ive done. It is unusual to be somebody who has been
lucky enough and committed enough to have had a series of jobs in very different sectors, or
what would be perceived to be on the spectrum of politics. But I have been able to constantly
advance the things I really care about.

Probably what I think of as being somewhat unusual for a person in my role is having been
able to make a transition from being an organizer, a legal services advocate to working in
city government, to then working at Goldman Sachs, the most powerful financial institution
in the world, and then coming back to a progressive mayoralty. That narrative is unusual, but
its all connected through my work of trying to improve the city. Doing smart planning and
economic development make cities the petri dish for innovation and economic growth.

How was working at Goldman different than working at City Hall?

One thing that has been consistent is wherever I go Im probably a little bit different than the
rest of the people in the place. At Goldman, obviously I came from a much more public
policy and advocacy and frankly, lefty liberal background, than most people there. Thats not
to say there arent some incredibly progressive, thoughtful, lefty Democrats at Goldman.
There are, and they actually have a long history of that. But I think it was clear that I was
very much a person there who was continuing to push the institution to do something which I
thought was incredibly important and to use capital markets to really address social change,
in the built environment, in providing access to capital for companies that dont have it or
women and minorities and to really think about why this is important. I was a little bit of a
pusher and going a little bit against the traditional grain.

What did your colleagues at Goldman say when you decided to come to City Hall to work for
a very progressive mayor?

I dont think they were shocked [laughs]. I think they were sad to see me leave because the
business I built there was incredibly important that I think changed the debate in the Wall
Street world around the role of financial institutions and double-bottom line and mission-
driven investing. [The Urban Investment Group at the bank specializes in social impact
investing and provides capital to under-served neighborhoods.] I believe I had a real impact
in the way that institution thought, and since Goldman is so much a thought-leader in that
world, I think it has had some collateral impact.

Goldman also has an incredibly long tradition of people going into public service to take
these skills [theyve developed] and try to advance the public agenda.

Did you have a relationship with Mr. de Blasio prior to him tapping you for this position?

I didnt really know him well. I had met him [twice] before I was contacted about this
opportunity.

How did he ask you to serve?

One of his people called my assistant and asked if I would come in and meet with the mayor
to talk about the transition. And we had a first meeting. It was supposed to be 45 minutes and
it turned into two hours. We talked a lot about what his vision was and what my thoughts
were. And then the process accelerated very quickly from there. It all happened in about three
weeks.

Why do you think the Democratic National Convention bid didnt come to fruition?

I dont know. Im not a Democratic Party insider. From the economic development
perspective, I think that we did an amazing job making the case for why having a convention
in Brooklyn [was a great idea] and that the city and Brooklyn are ready for it. My view is, if I
were coming from Nebraska, I would rather hang out in a really interesting, cool
neighborhood in Brooklyn and get a sense of that than be in the Philadelphia Convention
Center. I wish they had gone the other way.

So you dont think its a failure on City Halls part?

One hundred percent not. These decisions are made in a very political way is what Im
assuming.

421a has been a very hot topic this year. Can you articulate the administrations position on
the tax abatement program?

I cant give you a hard and fast answer because we are still finalizing the parameters of what
reforms we would like to see in the law. We have been engaging with every possible
stakeholder on the planet around these issues. I have spent years thinking about these issues.
Fundamentally, everything were doing when we look at the housing plan and housing
production is to think about how we can maximize the various tools we have to drive both
affordable housing and market-rate housing. The framework with which we come to
everything is: If the public sector is providing benefits to developers, whether theyre for-
profit or nonprofit, what is the appropriate benefit that the public gets in return for that? And
for 421a, its a very deep tax benefit and we should take a hard look at what makes sense for
the public to get in return.

So to be clear, there is no concrete plan at this point.

The strategy is in formulation. It really will reflect our values in terms of making sure the
public gets the right share of the benefit to advance our housing agenda.

What would you say to critics of the mayors affordable housing plan [which calls for
200,000 units preserved and built in a decade]?

Who is critical of my plan? Where are those people? I would love to talk to them.

Some have raised concerns about the feasibility and logistics of the plan.

The number [of units] is absolutely attainable. If you look at the history of market-rate
housing production and affordable housing production over the past 25 years, at the height, I
think there was 17,000 or 18,000 units of affordable housing done [annually]. So for us to get
to 20,000 a year is by definition not crazy. Were not talking about a goal thats 50 percent
greater than the height, and theres an unprecedented commitment of resources [now].

The other thing I really think is important for people to understand is that this plan is not
reliant on a hot real estate market. Theres a huge amount of confusion out there that our
whole plan is about, as long as the market is hot, well get our units through inclusionary.
That is a small, small percentage of the plan. We have doubled our capital budget. We have
changed all of our housing financing programs. We are getting close to twice as many units
in our housing production programs for the same dollars that the Bloomberg administration
got. We are structuring these deals better. We are leveraging private-sector money better.

I want people to understand that even if the real estate market really declined rapidly
which, please God, it doesnt happenits not like the machine doesnt keep cranking. The
machine is unbelievably well-oiled and well-financed.

There have been reports of community members pushing back against rezoning [in
Brooklyn].

Some are, but if you actually go and interview people who are standing on the corners of East
New York, people first of all would be like What rezoning? Thats a 100 percent true story.
You ask the person on the street coming back from the grocery store and they would be like,
What are you talking about? Whats a rezoning? There are definitely advocates who are
going to continue to push, and thats their job. Thats fine. I was an advocate once. Nothings
ever good enough for anybody.

But in a Brooklyn thats rapidly gentrifying, what would you say to these concerned
advocates who are worried about their neighborhoods changing?

We engage with [these advocates] all the time. We would say we understand peoples
skepticism because the sad history of the past couple of decades has been communities being
told that when development comes, they will get something from it. And the sad truth is,
most of the time that hasnt happened. This is what I would call the hangover of
Williamsburg.

Because of the mandatory requirement [we have put forth], every single building that is built
over 10 units or whatever the minimum number is, will have affordable housing. There is no
voluntary nature. We are making a pact with the community and we are embedding it in law.

What can you be found doing when youre not on the clock?

I feel like Im always on the clockin a good way. I am 100 percent devoted to New York
City in all of its fabulousness. I live in the same zip code I was born in [10025 on the Upper
West Side]. I walk the same blocks. Ive seen neighborhood transformation. Ive seen how
that can be both positive and how it can also have some negative consequences. I also spend
a huge amount of time just celebrating the incredible physical and literal and amazing
diversity of New York City. Its what I do. I will literally spend my weekend going to buy
the best curry powder in Jackson Heights because Im making dinner for people on Sunday
night and thats what so cool about living in New York. Ive always thought that cities are
the most exciting places on the planet and places where theres real opportunity for
experimentation and innovation and making mistakes.

We have so much opportunity here to make New York, to really make the city truly the
coolest, most equitable, funky, diverse and profitable [place]. Were so lucky here, given the
extraordinary human capital and financial capital. Im never off the clock, because the clock
is what I do.

Does every journalist who comes into your office to interview you ask about your copy of
The Power Broker?

Theres a running joke going on which is, Is my goal to put an a there on the end of
Robert? There is a little bit of thata bit of a feminist approach to city building. But the
reason why its there is that two months into my job, I was lucky enough to go a gala. I go to
a million galas, obviously, but I happened to sit next to Robert Caro. And at galas, everyone
is swanning around, kissy-kissy, working the room, and I spent the entire night, like three
hours, engaged in this incredible conversation with Mr. Caro. Then the next day, he sent [the
book] to me with the nicest note:

For Alicia K. Glen,

The Power Broker: who has a rare opportunity to do something wonderful for New York
and who I think will do it.

Robert Caro
From: Glen, Alicia
To: "rmoelis@lmdevpartners.com"
Subject: Re: COMMERCIAL OBSERVER - A New Deputy in Town: The Sit-Down With Alicia K. Glen
Date: Thursday, April 23, 2015 11:21:42 AM

Is your cousin stephen corwin? I am about to sit next to him at a lunch w/the mayor and the speyers.

From: Ron Moelis [mailto:Rmoelis@lmdevpartners.com]


Sent: Thursday, April 23, 2015 01:35 AM
To: Glen, Alicia
Cc: skoppel@JonesDay.com <skoppel@JonesDay.com>; Ron Moelis <Rmoelis@lmdevpartners.com>;
richard.baron@mccormackbaron.com <richard.baron@mccormackbaron.com>
Subject: Re: COMMERCIAL OBSERVER - A New Deputy in Town: The Sit-Down With Alicia K. Glen

Good article. Great ending.... It definitely gets to the real you....

Sent from my iPhone

On Apr 22, 2015, at 7:56 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:

Since I understand you are all together, thought you would enjoy the attached. I have
never looked more exhausted, but it is all for a good cause!
Have fun. Build housing!

From: Clips
Sent: Wednesday, April 22, 2015 12:04 PM
Subject: COMMERCIAL OBSERVER - A New Deputy in Town: The Sit-Down With Alicia K.
Glen

A New Deputy in Town: The Sit-Down With Alicia K. Glen
COMMERCIAL OBSERVER - Danielle Schlanger
http://commercialobserver.com/2015/04/a-new-deputy-in-town-the-sit-down-
with-alicia-k-glen/

Alicia K. Glen, the citys deputy mayor for housing and economic development,
insists that shes not the kind of public servant who will ever run for office.

Who would vote for me? she asked. Nobody would ever vote for me in their
right mind.

But when it comes to the work politicos actually do (developing and
implementing policy, dealing with the byzantine city agencies, talking to the
press), Ms. Glen has few equals in City Hall.

When Commercial Observer visited Ms. Glen at City Hall on Good Friday, the
building was quietbut she had plenty of energy.

Im 100 percent ready. Im caffeinated, she said. Ms. Glen has channeled this
enthusiasm into her work on Mayor Bill de Blasios agenda since leaving
Goldman Sachs Urban Investment Group to return to city government in
January 2014 (she also worked under Mayor Rudy Giuliani as the assistant
commissioner for housing finance and as a junior aide to then-Manhattan
Borough President David Dinkins).

Ms. Glens road to City Hall has been anything but linear, and the experience
accrued on her journey to the de Blasio administration has proven to be pivotal
in working on some of the mayors most high-profile, and high-stakes, projects.
These initiatives include the mayors most talked-about undertaking, building
and securing 200,000 units of affordable housing over the next decade, and
expanding the innovation and manufacturing economy thats sprouted in the
outer boroughs. She sat down with CO to discuss how the halls of Goldman
differ from those of City Hall, the uncertain future of 421a and the reading
material in her office, including The Power Broker: Robert Moses and the Fall of
New York by Robert A. Caroa provocative title for a city administrator.

Commercial Observer: In a past interview, you describe yourself as an unusual


person. Why did you use this word?

Ms. Glen: Im guessing that the context of the word unusual was when people
think about my career and the different things Ive done. It is unusual to be
somebody who has been lucky enough and committed enough to have had a
series of jobs in very different sectors, or what would be perceived to be on the
spectrum of politics. But I have been able to constantly advance the things I
really care about.

Probably what I think of as being somewhat unusual for a person in my role is


having been able to make a transition from being an organizer, a legal services
advocate to working in city government, to then working at Goldman Sachs, the
most powerful financial institution in the world, and then coming back to a
progressive mayoralty. That narrative is unusual, but its all connected through
my work of trying to improve the city. Doing smart planning and economic
development make cities the petri dish for innovation and economic growth.

How was working at Goldman different than working at City Hall?

One thing that has been consistent is wherever I go Im probably a little bit
different than the rest of the people in the place. At Goldman, obviously I came
from a much more public policy and advocacy and frankly, lefty liberal
background, than most people there. Thats not to say there arent some
incredibly progressive, thoughtful, lefty Democrats at Goldman. There are, and
they actually have a long history of that. But I think it was clear that I was very
much a person there who was continuing to push the institution to do something
which I thought was incredibly important and to use capital markets to really
address social change, in the built environment, in providing access to capital for
companies that dont have it or women and minorities and to really think about
why this is important. I was a little bit of a pusher and going a little bit against
the traditional grain.

What did your colleagues at Goldman say when you decided to come to City
Hall to work for a very progressive mayor?

I dont think they were shocked [laughs]. I think they were sad to see me leave
because the business I built there was incredibly important that I think changed
the debate in the Wall Street world around the role of financial institutions and
double-bottom line and mission-driven investing. [The Urban Investment Group
at the bank specializes in social impact investing and provides capital to
under-served neighborhoods.] I believe I had a real impact in the way that
institution thought, and since Goldman is so much a thought-leader in that world,
I think it has had some collateral impact.

Goldman also has an incredibly long tradition of people going into public service
to take these skills [theyve developed] and try to advance the public agenda.

Did you have a relationship with Mr. de Blasio prior to him tapping you for this
position?

I didnt really know him well. I had met him [twice] before I was contacted
about this opportunity.

How did he ask you to serve?

One of his people called my assistant and asked if I would come in and meet
with the mayor to talk about the transition. And we had a first meeting. It was
supposed to be 45 minutes and it turned into two hours. We talked a lot about
what his vision was and what my thoughts were. And then the process
accelerated very quickly from there. It all happened in about three weeks.

Why do you think the Democratic National Convention bid didnt come to
fruition?

I dont know. Im not a Democratic Party insider. From the economic


development perspective, I think that we did an amazing job making the case for
why having a convention in Brooklyn [was a great idea] and that the city and
Brooklyn are ready for it. My view is, if I were coming from Nebraska, I would
rather hang out in a really interesting, cool neighborhood in Brooklyn and get a
sense of that than be in the Philadelphia Convention Center. I wish they had
gone the other way.

So you dont think its a failure on City Halls part?

One hundred percent not. These decisions are made in a very political way is
what Im assuming.

421a has been a very hot topic this year. Can you articulate the administrations
position on the tax abatement program?

I cant give you a hard and fast answer because we are still finalizing the
parameters of what reforms we would like to see in the law. We have been
engaging with every possible stakeholder on the planet around these issues. I
have spent years thinking about these issues. Fundamentally, everything were
doing when we look at the housing plan and housing production is to think about
how we can maximize the various tools we have to drive both affordable housing
and market-rate housing. The framework with which we come to everything is:
If the public sector is providing benefits to developers, whether theyre for-profit
or nonprofit, what is the appropriate benefit that the public gets in return for that?
And for 421a, its a very deep tax benefit and we should take a hard look at what
makes sense for the public to get in return.

So to be clear, there is no concrete plan at this point.

The strategy is in formulation. It really will reflect our values in terms of making
sure the public gets the right share of the benefit to advance our housing agenda.

What would you say to critics of the mayors affordable housing plan [which
calls for 200,000 units preserved and built in a decade]?

Who is critical of my plan? Where are those people? I would love to talk to
them.

Some have raised concerns about the feasibility and logistics of the plan.

The number [of units] is absolutely attainable. If you look at the history of
market-rate housing production and affordable housing production over the past
25 years, at the height, I think there was 17,000 or 18,000 units of affordable
housing done [annually]. So for us to get to 20,000 a year is by definition not
crazy. Were not talking about a goal thats 50 percent greater than the height,
and theres an unprecedented commitment of resources [now].

The other thing I really think is important for people to understand is that this
plan is not reliant on a hot real estate market. Theres a huge amount of
confusion out there that our whole plan is about, as long as the market is hot,
well get our units through inclusionary. That is a small, small percentage of the
plan. We have doubled our capital budget. We have changed all of our housing
financing programs. We are getting close to twice as many units in our housing
production programs for the same dollars that the Bloomberg administration got.
We are structuring these deals better. We are leveraging private-sector money
better.

I want people to understand that even if the real estate market really declined
rapidlywhich, please God, it doesnt happenits not like the machine doesnt
keep cranking. The machine is unbelievably well-oiled and well-financed.

There have been reports of community members pushing back against rezoning
[in Brooklyn].

Some are, but if you actually go and interview people who are standing on the
corners of East New York, people first of all would be like What rezoning?
Thats a 100 percent true story. You ask the person on the street coming back
from the grocery store and they would be like, What are you talking about?
Whats a rezoning? There are definitely advocates who are going to continue to
push, and thats their job. Thats fine. I was an advocate once. Nothings ever
good enough for anybody.

But in a Brooklyn thats rapidly gentrifying, what would you say to these
concerned advocates who are worried about their neighborhoods changing?

We engage with [these advocates] all the time. We would say we understand
peoples skepticism because the sad history of the past couple of decades has
been communities being told that when development comes, they will get
something from it. And the sad truth is, most of the time that hasnt happened.
This is what I would call the hangover of Williamsburg.

Because of the mandatory requirement [we have put forth], every single building
that is built over 10 units or whatever the minimum number is, will have
affordable housing. There is no voluntary nature. We are making a pact with the
community and we are embedding it in law.

What can you be found doing when youre not on the clock?

I feel like Im always on the clockin a good way. I am 100 percent devoted to
New York City in all of its fabulousness. I live in the same zip code I was born
in [10025 on the Upper West Side]. I walk the same blocks. Ive seen
neighborhood transformation. Ive seen how that can be both positive and how it
can also have some negative consequences. I also spend a huge amount of time
just celebrating the incredible physical and literal and amazing diversity of New
York City. Its what I do. I will literally spend my weekend going to buy the best
curry powder in Jackson Heights because Im making dinner for people on
Sunday night and thats what so cool about living in New York. Ive always
thought that cities are the most exciting places on the planet and places where
theres real opportunity for experimentation and innovation and making mistakes.

We have so much opportunity here to make New York, to really make the city
truly the coolest, most equitable, funky, diverse and profitable [place]. Were so
lucky here, given the extraordinary human capital and financial capital. Im
never off the clock, because the clock is what I do.

Does every journalist who comes into your office to interview you ask about
your copy of The Power Broker?

Theres a running joke going on which is, Is my goal to put an a there on the
end of Robert? There is a little bit of thata bit of a feminist approach to city
building. But the reason why its there is that two months into my job, I was
lucky enough to go a gala. I go to a million galas, obviously, but I happened to
sit next to Robert Caro. And at galas, everyone is swanning around, kissy-kissy,
working the room, and I spent the entire night, like three hours, engaged in this
incredible conversation with Mr. Caro. Then the next day, he sent [the book] to
me with the nicest note:

For Alicia K. Glen,

The Power Broker: who has a rare opportunity to do something wonderful for
New Yorkand who I think will do it.

Robert Caro
From: Bruch, Mary
To: Glen, Alicia; Patchett, James; Wolfe, Emma; "Lisa Gomez (lgomez@lmdevpartners.com)";
"rmoelis@lmdevpartners.com"
Cc: "Carole Chirogianis"; "Carole ann@lmequity.com"; "tbednar@bfcnyc.com"; Kix Ryen
Subject: RE: [UPDATED TIME]: Conference call w/ DM Alicia Glen
Date: Friday, May 08, 2015 11:28:51 AM

Dear All,

Please accept the calendar invitation copied below for 11:45am. Or let me know if you have
a conflict with starting the call at 11:45am instead of noon today.

We appreciate your flexibility!

Thank you,
Mary

-----Original Appointment-----
From: Bruch, Mary On Behalf Of Glen, Alicia
Sent: Friday, May 08, 2015 10:50 AM
To: Glen, Alicia; Patchett, James; Wolfe, Emma; 'Lisa Gomez (lgomez@lmdevpartners.com)';
'rmoelis@lmdevpartners.com'; 'Carole_ann@lmequity.com'; 'tbednar@bfcnyc.com'
Cc: 'Carole Chirogianis'
Subject: [UPDATED TIME]: Conference call w/ DM Alicia Glen
When: Friday, May 08, 2015 11:45 AM-12:00 PM (UTC-05:00) Eastern Time (US & Canada).
Where: Dial-in Number: ( Meeting ID:

Sorry for any inconvenience, but we need to push this call 15 minutes earlier to 11:45am.

Please do not forward this calendar invitation.

Contact: Mary Bruch (212-341-5013)


From: Lisa Gomez
To: Glen, Alicia
Date: Monday, May 18, 2015 12:22:28 PM

Don had a good meeting this morning. Seems to be on board as well as open to bringing along
others. I think he called James to update him.
From: Ron Moelis
To: Glen, Alicia
Subject: Re: CAPITAL: Trumka tweaks de Blasio on 421-a prevailing wage
Date: Friday, May 29, 2015 8:14:13 AM

At least it's somewhat balanced


Let me know how your breakfast goes and what I can do to help
We are setting up meetings for next week to talk to gov and staff
I'm going to call carol lee this morning to follow up on our talk unless you don't
want me to....
We both are under a fair amount of stress... Let's try and keep in touch.
Maybe we find time for a follow up talk soon

Sent from my iPhone

On May 29, 2015, at 8:09 AM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:

A taste of the 20 stories today on this issue.



From: Clips
Sent: Thursday, May 28, 2015 02:15 PM
Subject: CAPITAL: Trumka tweaks de Blasio on 421-a prevailing wage

Trumka tweaks de Blasio on 421-a prevailing wage
CAPITAL NY Ryan Hutchins
http://www.capitalnewyork.com/article/city-hall/2015/05/8568939/trumka-tweaks-de-
blasio-421-prevailing-wage

Mayor Bill de Blasio has drawn the ire of the national AFL-CIO for his refusal to
support a prevailing wage requirement for construction workers in a controversial tax
abatement program thats up for renewal.

In a statement, union president Richard Trumka calls the mayors proposed revisions
to the 421-a program disappointing. De Blasio has already been criticized by some
union leaders in New York over what they see as a double-standard: The mayor wants
to strengthen wage requirements for service workers in buildings that receive the tax
break, but will not support that sort of a mandate for construction workers.

Since 2001, the labor movement has helped finance the construction of over 28,000
affordable housing units in New York City, Trumka said. Mayor de Blasios
proposal is very disappointing given the proven track record of the labor movement in
financing these affordable housing projects, all while paying good wages with benefits
to the workers who built the units.

The concerns from the unionthe state chapter had already made similar comments
this weekhave given Governor Andrew Cuomo ammunition to criticize de Blasios
plan for 421-a, which would need approval in Albany this month to become law.

Trumkas statement was also accompanied by an attack from the national Building
Trades Council, which suggested the mayor is a hypocrite for his position on the
issue.

Mayor de Blasio has been traveling the country talking about income inequality as
the countrys biggest problem, Sean McGarvey, the unions president, said in a
statement. But when he goes back to New York and has an opportunity to do
something meaningful to help working families, he sides with wealthy developers who
helped underwrite his campaign.

The 421-a law, which provides an as-of-right subsidy to housing developers in New
York City, expires on June 15. While de Blasios proposal would mandate that every
recipient includes some amount of affordable housing in their projects, it has been
attractive enough to garner support from the Real Estate Board of New Yorkan
admittedly odd bedfellow for the progressive mayor.

The issue over a prevailing wage is a bit more complex than the unions let on in their
statements. De Blasio actually struck a deal with another union, SEIU 32BJ, to
propose a much stronger requirement in 421-a to pay service workers a prevailing
wage. Politically, that union is much closer to the mayors base than the union
representing construction workers.

In addition, there is the issue of cost and relative pay. Most construction workers
make more than service workers, prevailing wage or not. Developers also say that
union construction can add to the cost of a project by 30 percent. While union labor
on high-rise building in Manhattan is commonplace, that is not the case in the outer
boroughs, particularly on affordable housing projects.

In a statement, the mayors office said de Blasio and his staff have proven
themselves ardent supporters of working people and of the labor movementnobody
can argue that isnt the case with a straight face.

Our reforms would double the amount of affordable housing produced by this
program and boost the number of good jobs provided, spokesman Wiley Norvell
said. Anyone seeking to preserve the status quo is fighting for fewer prevailing wage
jobs and less of the affordable housing New Yorkers desperately need. If 421a is
simply extended as-is, as some are seeking up in Albany, there will be no prevailing
wage construction jobs, far fewer building service workers making prevailing wage
and no progress on affordable housing for tens of thousands in desperate need. Thats
an indefensible outcome.
From: Ron Moelis
To: Glen, Alicia
Subject: Fwd: Soundview "Local" workers from 5 Boro"s
Date: Saturday, May 30, 2015 3:14:29 PM

Sent from my iPhone

Begin forwarded message:

From: Debbie Kenyon <dkenyon@lmdevpartners.com>


Date: May 30, 2015 at 7:38:37 AM EDT
To: Lisa Gomez <lgomez@lmdevpartners.com>, Ron Moelis
<Rmoelis@lmdevpartners.com>
Subject: Fwd: Soundview "Local" workers from 5 Boro's

FYI

Begin forwarded message:

From: Pat Leach <pleach@lmdevpartners.com>


Date: May 28, 2015 at 1:25:41 PM EDT
To: Debbie Kenyon <dkenyon@lmdevpartners.com>, Mentor
Haxhija <mhaxhija@lmdevpartners.com>, Amy Cordone
<acordone@lmdevpartners.com>
Subject: Soundview "Local" workers from 5 Boro's

As requested please see below a summary of workers from the 5 Boros at


Soundview this is based on the average number of workers.

Structuretech total manpower average 19 workers
<!--[if !supportLists]--> <!--[endif]-->17 workers local

Valex total manpower average 13 workers
<!--[if !supportLists]--> <!--[endif]-->3 workers local

Metro Steel total manpower average 6 workers
<!--[if !supportLists]--> <!--[endif]-->6 workers local

C&L Concrete total manpower average 17 workers
<!--[if !supportLists]--> <!--[endif]-->0 workers local

MLJ Paint total manpower average 5 workers
<!--[if !supportLists]--> <!--[endif]-->5 workers local

Melrose Mechanical total manpower average 3 workers
<!--[if !supportLists]--> <!--[endif]-->3 workers local

Rosal Plumbing total manpower average 14 workers


<!--[if !supportLists]--> <!--[endif]-->12 workers local

Kone Elevator total manpower average 4 workers


<!--[if !supportLists]--> <!--[endif]-->0 workers local

Casale total manpower average 4 workers


<!--[if !supportLists]--> <!--[endif]-->0 workers local

M&A Projects total manpower 9 workers


<!--[if !supportLists]--> <!--[endif]-->4 workers local

Glo Electric total manpower 15 workers


<!--[if !supportLists]--> <!--[endif]-->11 workers local

Apple total manpower 3 workers


<!--[if !supportLists]--> <!--[endif]-->3 workers local

Nations Roof total manpower 11 workers


<!--[if !supportLists]--> <!--[endif]-->3 workers local

Alba Windows total manpower 5 workers


<!--[if !supportLists]--> <!--[endif]-->5 workers local


From: Ron Moelis
To: Glen, Alicia
Subject: Fwd: Local workers at MGV
Date: Saturday, May 30, 2015 3:14:40 PM

Sent from my iPhone

Begin forwarded message:

From: Debbie Kenyon <dkenyon@lmdevpartners.com>


Date: May 30, 2015 at 7:39:51 AM EDT
To: Lisa Gomez <lgomez@lmdevpartners.com>, Ron Moelis
<Rmoelis@lmdevpartners.com>
Subject: Fwd: Local workers at MGV

Begin forwarded message:

From: Elli Himelstein <ehimelstein@lmdevpartners.com>


Date: May 27, 2015 at 1:18:49 PM EDT
To: Debbie Kenyon <dkenyon@lmdevpartners.com>, Amy
Cordone <acordone@lmdevpartners.com>, Kevin Spalding
<kspalding@lmdevpartners.com>
Subject: Local workers at MGV

AMK
(55) workers living in the 5 boroughs
Total- 55 workers

Avante
(6) workers living in the 5 boroughs
Total 6 workers


City Sewer
(5) workers living in the 5 boroughs
Total- 5 workers

JB&B
0 local hires
Total- 3 workers

BPNY
0 local hires
Total -2 workers

From: Ron Moelis


To: Glen, Alicia
Subject: Fwd: Local workers NYCHA project
Date: Saturday, May 30, 2015 3:15:25 PM

Sent from my iPhone

Begin forwarded message:

From: Debbie Kenyon <dkenyon@lmdevpartners.com>


Date: May 30, 2015 at 7:43:56 AM EDT
To: Lisa Gomez <lgomez@lmdevpartners.com>, Ron Moelis
<Rmoelis@lmdevpartners.com>
Subject: Fwd: Local workers NYCHA project

Begin forwarded message:

From: Pat Leach <pleach@lmdevpartners.com>


Date: May 27, 2015 at 5:18:53 PM EDT
To: Debbie Kenyon <dkenyon@lmdevpartners.com>, Kevin
Spalding <kspalding@lmdevpartners.com>, Amy Cordone
<acordone@lmdevpartners.com>
Subject: Local workers NYCHA project

Below is a summary of the workers at the NYCHA project that live in the 5
boros as discussed at last weeks PM meeting. The number on the top
per sub is the average number of workers with the local number of
workers below.

AMK total manpower average 52 workers for both sites
<!--[if !supportLists]--> <!--[endif]-->Bronxchester = 28 workers
local
<!--[if !supportLists]--> <!--[endif]-->Saratoga = 20 workers local

Rotavale new/service average 5 workers at Bronxchester
<!--[if !supportLists]--> <!--[endif]-->Bronxchester = 5 local
workers

Izzo average 4 workers for both sites
<!--[if !supportLists]--> <!--[endif]-->Bronxchester = 2 local
workers
<!--[if !supportLists]--> <!--[endif]-->Saratoga = 2 local workers

StructureTech 14 average workers at Bronxchester


<!--[if !supportLists]--> <!--[endif]-->Bronxchester = 12 local
workers

M&A 20 average workers at Saratoga


<!--[if !supportLists]--> <!--[endif]-->Saratoga = 16 local workers

PCGNY = 8 average workers at Bronxchester


<!--[if !supportLists]--> <!--[endif]-->Bronxchester = 8 local
workers

P.Meijas 8 average workers total at Saratoga


<!--[if !supportLists]--> <!--[endif]-->Saratoga = 8 local workers

K&K Tiles 4 average workers at Saratoga and Bronxchester


<!--[if !supportLists]--> <!--[endif]-->Bronxchester/Saratoga = 4
local workers

MLJ Painting = 3 average workers at Bronxchester


<!--[if !supportLists]--> <!--[endif]-->Bronxchester = 2 local
workers

City Sewer = 4 average workers at Bronxchester/Saratoga


<!--[if !supportLists]--> <!--[endif]-->Bronxchester/Saratoga 4
local workers
From: Glen, Alicia
To: "lgomez@lmdevpartners.com"; "doncapny "; "rmoelis@lmdevpartners.com"
Cc: Wolfe, Emma; Patchett, James
Subject: Fw: Fwd: Senate Republicans take a position on 421-a
Date: Tuesday, June 02, 2015 10:00:03 PM

Assume you guys already saw this.

From: Gunaratna, Mahen


Sent: Tuesday, June 02, 2015 09:52 PM
To: @Press Office; @IGA; Walzak, Phil; Glen, Alicia; Patchett, James
Cc: Clips
Subject: Fwd: Senate Republicans take a position on 421-a

Sent from my iPhone

Begin forwarded message:

From: Capital Pro <info@capitalnewyork.com>


Date: June 2, 2015 at 9:42:16 PM EDT
To: <mgunaratna@cityhall.nyc.gov>
Subject: Senate Republicans take a position on 421-a

Senate Republicans take a position on 421-


a
By Josefa Velasquez and Sally Goldenberg

9:41 p.m. | Jun. 2, 2015

ALBANYWith a deadline looming, Republican state senators are finally


breaking their silence on the 421-a tax abatement program set to expire
in two weeks.

Senator Jack Martins, a Long Island Republican, introduced his own bill
related to 421-a reforms Tuesday evening.

Martins' legislation mandates that any developer receiving the 421-a


abatement would have to pay workers the prevailing wage for projects
with more than 50 units where less that 50 percent of the units are
priced as affordable. (His bill deems that standard to be no more than
125 percent of the area median income.)

Martins' bill comes a day after Assemblyman Keith Wright, head of the
chamber's housing committee, introduced two pieces of legislation
pertaining to the 421-a program, one of which is Mayor Bill de Blasio's
proposal.
Under de Blasio's plan, which has received the support of the Real Estate
Board of New York which represents major developerssome building-
service workers would be paid a prevailing wage.

I think the mayor's got some proposal that deals with 421-a and had
some good stuff in it and I think the labor still has to be looked at,
Senator Marty Golden, a Republican from Brooklyn, told Capital.

De Blasio's proposal has prompted some dissent from the AFL-CIO and
construction trade unions for not including prevailing wages for
construction workers.

Unlike de Blasio's proposal, Wright's bill would require that construction


workers also receive a prevailing wage.

Golden, one of three Republicans representing parts of New York City,


said he would also like to see condominiums included in a 421-a
proposal.

So there's a whole host of things that have to be explored here and it's
still in negotiations, Golden said.

I think this will probably go down to the last day, he said.

You've received this Capital Pro content because your customized settings
include: Albany (all articles) or one of the following Albany topics: New
York State Assembly, New York State Senate.

To change your alert settings, please go to your Pro settings page.

This email alert has been sent for the exclusive use of Capital Pro
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2015 by CapNY LLC. To subscribe to Pro, please go to
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If you believe this has been sent to you in error, please safely unsubscribe.
From: Lisa Gomez
To: Glen, Alicia
Cc: doncapny Ron Moelis; Wolfe, Emma; Patchett, James
Subject: Re: Senate Republicans take a position on 421-a
Date: Wednesday, June 03, 2015 7:36:39 AM

Yes. We were with Richie Torres ( who thinks you're impressive btw) when it came
out discussing the council's silliness on Pw. Our albany lobbyist says it's not moving.
Johns up there. Yesterday and today. Jolie's going up today. People are trying to
lock down t

Or re lockdown the senate. Apparently everyone's aGreed to to drown the rhetoric

Sent from my iPhone

On Jun 2, 2015, at 10:02 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:

Assume you guys already saw this.



From: Gunaratna, Mahen
Sent: Tuesday, June 02, 2015 09:52 PM
To: @Press Office; @IGA; Walzak, Phil; Glen, Alicia; Patchett, James
Cc: Clips
Subject: Fwd: Senate Republicans take a position on 421-a

Sent from my iPhone

Begin forwarded message:

From: Capital Pro <info@capitalnewyork.com>


Date: June 2, 2015 at 9:42:16 PM EDT
To: <mgunaratna@cityhall.nyc.gov>
Subject: Senate Republicans take a position on 421-a

Senate Republicans take a position


on 421-a
By Josefa Velasquez and Sally Goldenberg

9:41 p.m. | Jun. 2, 2015

ALBANYWith a deadline looming, Republican state senators


are finally breaking their silence on the 421-a tax abatement
program set to expire in two weeks.

Senator Jack Martins, a Long Island Republican, introduced his


own bill related to 421-a reforms Tuesday evening.
Martins' legislation mandates that any developer receiving the
421-a abatement would have to pay workers the prevailing
wage for projects with more than 50 units where less that 50
percent of the units are priced as affordable. (His bill deems
that standard to be no more than 125 percent of the area
median income.)

Martins' bill comes a day after Assemblyman Keith Wright,


head of the chamber's housing committee, introduced two
pieces of legislation pertaining to the 421-a program, one of
which is Mayor Bill de Blasio's proposal.

Under de Blasio's plan, which has received the support of the


Real Estate Board of New York which represents major
developerssome building-service workers would be paid a
prevailing wage.

I think the mayor's got some proposal that deals with 421-a
and had some good stuff in it and I think the labor still has to
be looked at, Senator Marty Golden, a Republican from
Brooklyn, told Capital.

De Blasio's proposal has prompted some dissent from the AFL-


CIO and construction trade unions for not including prevailing
wages for construction workers.

Unlike de Blasio's proposal, Wright's bill would require that


construction workers also receive a prevailing wage.

Golden, one of three Republicans representing parts of New


York City, said he would also like to see condominiums
included in a 421-a proposal.

So there's a whole host of things that have to be explored


here and it's still in negotiations, Golden said.

I think this will probably go down to the last day, he said.

You've received this Capital Pro content because your


customized settings include: Albany (all articles) or one of the
following Albany topics: New York State Assembly, New York
State Senate.

To change your alert settings, please go to your Pro settings


page.

This email alert has been sent for the exclusive use of Capital
Pro subscriber mgunaratna@cityhall.nyc.gov. Forwarding or
reproducing the alert without the express, written permission
of Capital Pro is a violation of federal law and the Capital Pro
subscription agreement. Copyright 2015 by CapNY LLC. To
subscribe to Pro, please go to
http://www.capitalnewyork.com/page/why-pro.
If you believe this has been sent to you in error, please safely unsubscribe.
From: Ron Moelis
To: Glen, Alicia
Cc: Rick Gropper
Subject: Fwd: Marcus Garvey Village/garbage collection
Date: Monday, September 21, 2015 2:56:36 PM
Attachments: 1334 MGV Site Plan All DSNY Pickup[1].pdf
ATT00001..htm
ATT00002..htm

As we discussed, this is s brief overview of the issues we've encountered with


Sanitation and our efforts to have garbage pick up at the bldgs instead of one
central location.
We met with them a year ago and have taken some of their suggestions but it's
really an ongoing problem and once we finish our renovation and start developing
the vacant lots the current status quo becomes almost impossible.
The idea would be to figure something out now that is reasonably cost efficient for
sanitation but also provides some level of garbage pick up that is easier for the
residents and our staff (and more in line with the rest of the city).
Sanitation initially was very predisposed to help but we may have gotten bogged
down and haven't been able to move things
Any help or guidance you can provide would be very much appreciated.

Sent from my iPhone

Begin forwarded message:

From: Rick Gropper <rgropper@lmdevpartners.com>


Date: September 17, 2015 at 11:26:38 PM EDT
To: Ron Moelis <Rmoelis@lmdevpartners.com>
Cc: Josh Weisstuch <jweisstuch@lmdevpartners.com>, Jeffrey Moelis
<jmoelis@lmdevpartners.com>
Subject: Marcus Garvey Village/garbage collection

Marcus Garvey Village (MGV) was constructed in the mid-1970s across 7 city blocks in
Brownsville, Brooklyn. The complex consists of 625 units in 2-3 story townhouse-style
buildings organized around courtyards. There areapproximately 125 addresses/entrances.
See attached site plan for more information.L+M purchased the property in partnership
withHPD andHFA in December 2014 as part of a preservationLIHTC transaction. The
firm is in the midst of a $60 million comprehensive rehabilitation of the property.

The garbage collection process has been an issue at this complex for recent history. Due
to the townhouse nature of the buildings, residents neither have access to a trash room
nor a garbage chute; rather the residents bring their garbage to 1 of approximately 150
trash enclosures underneath their respective buildings. See attached photo for an example.

AsDSNY viewsMGV as a "campus," it does not perform curbside pickup. TheMGV
maintenance staff isinstead burdened with garbage removal. This includes going to each
of the 150 trash areas, pulling out trash bags, loading bags onto a tractor and dropping
them into dumpsters in a vacant lot controlled by MGV.DSNY visits the lot several times
each week to empty the dumpsters. This effort requiresMGV to dedicate 2-3 porters x 2
shifts per day x6 days per week. Aside from theexorbitant labor cost, the garbage lot is
unsightly, difficult to keep clean, and attracts rodents and vermin. Further, the lots are
slated for future development of affordable housing and will soon become unavailable for
garbage storage.

Representatives ofL+M have attempted to work with Commissioner Garcia and senior
borough staff to structure a curbside pickup program acceptable toDSNY to no avail. The
proposed program would involve curbside pickup in 2-3 central locations on each block
atMGV several times per week.MGV staff would pull garbage to the curb on the night
before pickup and clean the sidewalk following pickup. The above proposal is neither
different nor more burdensome than curbside pickup programs currently in place for
townhouses on the Upper East Side or in Harlem.
From: Lisa Gomez
To: Glen, Alicia
Subject: Re: Ignore my call
Date: Friday, October 23, 2015 2:01:04 PM

Just came from low line lab. Super cool. Heard you were visiting next week.

Sent from my iPhone

> On Oct 23, 2015, at 1:19 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>
> Ok
>
> ----- Original Message -----
> From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
> Sent: Friday, October 23, 2015 12:37 PM
> To: Glen, Alicia
> Subject: Ignore my call
>
> S w James
>
> Sent from my iPhone
From: Ron Moelis
To: Glen, Alicia
Subject: Re: As Union Theological Seminary Plans to Sell Air Rights, Some See a Moral Quandary - The New York Times
Date: Saturday, December 12, 2015 6:47:33 AM

Looking forward to catching up. Busy week and things here seem to get crazier every day
As you know I hate to admit when you're right but the UTS thing is nuts and they haven't even gotten
beyond their students and faculty...and of course labor has already inserted themselves into it.
On the other hand we are finishing up our Nycha jobs and I spoke at the seniors Christmas party
yesterday in their beautifully renovated space and had a number of them come to me to tell me how
scared they were at the beginning and how much happier they are now and that makes it all worth
while

The Good news is the weather's been great and we do have good burgers and wine in NYC so you
should be fine when you get back.
Have a good trip and I hope we get a chance to talk before thurs but if not see you then.

Sent from my iPhone

> On Dec 12, 2015, at 6:30 AM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>
> Just getting on the plane to start long journey home. Has been very eventful, with some amazing
things and a lot of crazy hassle bctrip was not well organized. Just try getting cabs in the pouring rain
in Shanghai between government meetings with no translator and a few yuan in your pocket!
>
> A few near death stories, and the most amazing subway system
in the world. I am also completely obsessed with doing more, doing it bigger and making NYC more
technologically innovative.
>
> Dying for a hamburger and a bottle of Montrachet.
>
> Things seem like they are moving in decent direction on lich. And finally support for inclusionary
and ZQa. Think I will travel more often.
> Hope you have been good, and I believe we will run into each other on Thursday night?
> Have no gmail right now...
> Alicia
>
> http://www.nytimes.com/2015/12/15/nyregion/as-union-theological-seminary-plans-to-sell-air-rights-
some-see-a-moral-quandary.html?ref=nyregion
>
>
> Sent from my iPad
From: Lisa Gomez
To: Wolfe, Emma
Cc: Patchett, James; Glen, Alicia
Subject: Re: Real affordability for all or some.
Date: Wednesday, December 16, 2015 10:00:43 AM

Yeah at the hearing now but will get you the list.

Sent from my iPhone

> On Dec 16, 2015, at 9:58 AM, Wolfe, Emma <EWolfe@cityhall.nyc.gov> wrote:
>
> Lisa can you tell us which groups and we'll figure out a way to get this out there
>
> -----Original Message-----
> From: Patchett, James
> Sent: Wednesday, December 16, 2015 9:21 AM
> To: 'lgomez@lmdevpartners.com'; Glen, Alicia; Wolfe, Emma
> Subject: Re: Real affordability for all or some.
>
> I've heard that and thank you. Is there any way that could be turned into a press thing?
>
>
> ----- Original Message -----
> From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
> Sent: Wednesday, December 16, 2015 09:17 AM
> To: Patchett, James; Glen, Alicia; Wolfe, Emma
> Subject: Real affordability for all or some.
>
> In case you weren't aware I wanted to make you so. Many of the real housing groups have dropped
off the report saying they didn't see it and didn't endorse it. I mention it bc some of their people are
standing in front of us waiting to testify.
>
> Sent from my iPhone
From: Wolfe, Emma
To: Patchett, James; "lgomez@lmdevpartners.com"; Glen, Alicia
Subject: RE: Real affordability for all or some.
Date: Wednesday, December 16, 2015 10:02:27 AM

Here's what their report says:

THIS REPORT IS ENDORSED BY THE FOLLOWING ORGANIZATIONS:


ALIGN: The Alliance for a Greater New York
Community Action for Safe Apartments (CASA)
Community Voices Heard
Faith in New York
Iron Workers District Council
Laborers'Local 79
Legal Aid Society
Make the Road New York
Metropolitan Council on Housing
New York Communities for Change
Tenants & Neighbors
Urban Homesteading Assistance Board
VOCAL-NY

VERSUS this list of member organizations:

ALIGN
ANHD
Banana Kelly
Center for Popular Democracy
Chelsea Coalition on Housing
Coalition for the Homeless
Community Action for Safe Apartments
Community Service Society
Community Voices Heard
Cooper Square Committee
Ecclesia Ministries of New York
El Puente
Faith in New York
Fifth Ave Committee
Flatbush Tenant Coalition
FUREE
Goddard Riverside-SRO Law Project
Good Old Lower East Side, Inc
Henry Street Tenants
Homeless Services United
Housing Conservation Coordinators
Housing Court Answers
Interfaith Assembly
Justice for Homeowners
Los Sures
LEAPS - Penn South
Legal Aid Society
Lenox Hill Neighborhood House
Make the Road, NY
Met Council on Housing
MinKwon Center for Community Action
Mothers on the Move
Mutual Housing Association of NY
National Lawyers Guild-NYC Housing Committee
Nazareth Housing
Neighbors Helping Neighbors
NW Bronx Community and Clergy Coalition
NY Communities for Change
NY Environmental Law & Justice Project
Pratt Area Community Council
Queers for Economic Justice
Real Rent Reform Campaign
Red Hook Initiative
Right to the City
Riverton Tenants
Safety Net Project at the Urban Justice Center
Southside United HDFC
St Nick's Alliance
Stone Street Tenant Coalition
Stop Croman Coalition
Strong Economy for All Coalition
Tenants & Neighbors
The Black Institute
United NY
United to End Homelessness
University Settlement
Urban Homesteading Assistance Board
VOCAL-NY
WE ACT for Environmental Justice
West Side Neighborhood Alliance
Woodside on the Move

-----Original Message-----
From: Patchett, James
Sent: Wednesday, December 16, 2015 9:21 AM
To: 'lgomez@lmdevpartners.com'; Glen, Alicia; Wolfe, Emma
Subject: Re: Real affordability for all or some.

I've heard that and thank you. Is there any way that could be turned into a press thing?

----- Original Message -----


From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
Sent: Wednesday, December 16, 2015 09:17 AM
To: Patchett, James; Glen, Alicia; Wolfe, Emma
Subject: Real affordability for all or some.

In case you weren't aware I wanted to make you so. Many of the real housing groups have dropped
off the report saying they didn't see it and didn't endorse it. I mention it bc some of their people
are standing in front of us waiting to testify.

Sent from my iPhone


From: Wolfe, Emma
To: "Lisa Gomez"
Cc: Patchett, James; Glen, Alicia
Subject: RE: Real affordability for all or some.
Date: Wednesday, December 16, 2015 10:06:42 AM

Lisa do you know sally Goldenberg - she's at hearing and would probably do something with this if you
can find her or I can have her find you

-----Original Message-----
From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
Sent: Wednesday, December 16, 2015 10:00 AM
To: Wolfe, Emma
Cc: Patchett, James; Glen, Alicia
Subject: Re: Real affordability for all or some.

Yeah at the hearing now but will get you the list.

Sent from my iPhone

> On Dec 16, 2015, at 9:58 AM, Wolfe, Emma <EWolfe@cityhall.nyc.gov> wrote:
>
> Lisa can you tell us which groups and we'll figure out a way to get this out there
>
> -----Original Message-----
> From: Patchett, James
> Sent: Wednesday, December 16, 2015 9:21 AM
> To: 'lgomez@lmdevpartners.com'; Glen, Alicia; Wolfe, Emma
> Subject: Re: Real affordability for all or some.
>
> I've heard that and thank you. Is there any way that could be turned into a press thing?
>
>
> ----- Original Message -----
> From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
> Sent: Wednesday, December 16, 2015 09:17 AM
> To: Patchett, James; Glen, Alicia; Wolfe, Emma
> Subject: Real affordability for all or some.
>
> In case you weren't aware I wanted to make you so. Many of the real housing groups have dropped
off the report saying they didn't see it and didn't endorse it. I mention it bc some of their people are
standing in front of us waiting to testify.
>
> Sent from my iPhone
From: Lisa Gomez
To: Wolfe, Emma
Cc: Patchett, James; Glen, Alicia
Subject: Re: Real affordability for all or some.
Date: Wednesday, December 16, 2015 10:08:04 AM

Yeah basically all the real housing organizations are off leaving the trades and
some advocates I guess uhab and met council are sort of the exceptions. I'll
forward you an email from deb Howard in confidence

Sent from my iPhone

On Dec 16, 2015, at 10:02 AM, Wolfe, Emma <EWolfe@cityhall.nyc.gov> wrote:

Here's what their report says:



THIS REPORT IS ENDORSED BY THE FOLLOWING ORGANIZATIONS:
ALIGN: The Alliance for a Greater New York
Community Action for Safe Apartments (CASA)
Community Voices Heard
Faith in New York
Iron Workers District Council
Laborers'Local 79
Legal Aid Society
Make the Road New York
Metropolitan Council on Housing
New York Communities for Change
Tenants & Neighbors
Urban Homesteading Assistance Board
VOCAL-NY

VERSUS this list of member organizations:

ALIGN
ANHD
Banana Kelly
Center for Popular Democracy
Chelsea Coalition on Housing
Coalition for the Homeless
Community Action for Safe Apartments
Community Service Society
Community Voices Heard
Cooper Square Committee
Ecclesia Ministries of New York
El Puente
Faith in New York
Fifth Ave Committee
Flatbush Tenant Coalition
FUREE
Goddard Riverside-SRO Law Project
Good Old Lower East Side, Inc
Henry Street Tenants
Homeless Services United
Housing Conservation Coordinators
Housing Court Answers
Interfaith Assembly
Justice for Homeowners
Los Sures
LEAPS - Penn South
Legal Aid Society
Lenox Hill Neighborhood House
Make the Road, NY
Met Council on Housing
MinKwon Center for Community Action
Mothers on the Move
Mutual Housing Association of NY
National Lawyers Guild-NYC Housing Committee
Nazareth Housing
Neighbors Helping Neighbors
NW Bronx Community and Clergy Coalition
NY Communities for Change
NY Environmental Law & Justice Project
Pratt Area Community Council
Queers for Economic Justice
Real Rent Reform Campaign
Red Hook Initiative
Right to the City
Riverton Tenants
Safety Net Project at the Urban Justice Center
Southside United HDFC
St Nick's Alliance
Stone Street Tenant Coalition
Stop Croman Coalition
Strong Economy for All Coalition
Tenants & Neighbors
The Black Institute
United NY
United to End Homelessness
University Settlement
Urban Homesteading Assistance Board
VOCAL-NY
WE ACT for Environmental Justice
West Side Neighborhood Alliance
Woodside on the Move

-----Original Message-----
From: Patchett, James
Sent: Wednesday, December 16, 2015 9:21 AM
To: 'lgomez@lmdevpartners.com'; Glen, Alicia; Wolfe, Emma
Subject: Re: Real affordability for all or some.

I've heard that and thank you. Is there any way that could be turned into a press thing?

----- Original Message -----


From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
Sent: Wednesday, December 16, 2015 09:17 AM
To: Patchett, James; Glen, Alicia; Wolfe, Emma
Subject: Real affordability for all or some.

In case you weren't aware I wanted to make you so. Many of the real housing groups
have dropped off the report saying they didn't see it and didn't endorse it. I mention it
bc some of their people are standing in front of us waiting to testify.

Sent from my iPhone


From: Glen, Alicia
To: "Rmoelis@lmdevpartners.com"
Subject: Re: POLITICO New York Real Estate: City Hall staffing shakeupCuomos Penn Station PlansDe Blasios role
in LICH property
Date: Wednesday, January 06, 2016 8:20:56 AM

I can imagine.

From: Ron Moelis [mailto:rmoelis@lmdevpartners.com]


Sent: Wednesday, January 06, 2016 08:07 AM
To: Glen, Alicia
Subject: Re: POLITICO New York Real Estate: City Hall staffing shakeupCuomos Penn Station Plans
De Blasios role in LICH property

That has not been An easy partnership over the past couple of years....

Sent from my iPhone

On Jan 6, 2016, at 7:33 AM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:

You guys are selling the Aspen? The first 50/30/20 ever???? We are getting old!

From: Gunaratna, Mahen
Sent: Wednesday, January 06, 2016 05:35 AM
To: Glen, Alicia; Norvell, Wiley
Subject: FW: POLITICO New York Real Estate: City Hall staffing shakeupCuomos Penn
Station PlansDe Blasios role in LICH property

From: Sally Goldenberg - POLITICO New York


Sent: Wednesday, January 06, 2016 5:35:03 AM (UTC-05:00) Eastern Time (US &
Canada)
To: Gunaratna, Mahen
Subject: POLITICO New York Real Estate: City Hall staffing shakeupCuomos Penn
Station PlansDe Blasios role in LICH property

By Sally Goldenberg

STAFFING SHAKEUPSAmong the personnel changes Mayor Bill de


Blasio announced on Tuesday is the new deputy mayor for health and
human servicesa position tasked with overseeing the citys increasing
homeless problem. The appointee, Herminia Palacio, who last worked at
the Robert Wood Johnson Foundation, will replace Lilliam Barrios-Paoli,
who left the position on Sept. 30, 2015.

Meanwhile Deputy Mayor Alicia Glen, who handles housing and


economic development for the city, will broaden her portfolio to oversee
the Department of Parks and Recreation and the Housing Recovery
Office, which works with homeowners impacted by Hurricane Sandy. Glen
is currently chair of the Brooklyn Bridge Park Board of Directors and sits
on the board of Hudson River Park.

Bill Goldstein, a senior advisor to the mayor on recovery, resiliency and


infrastructure, also announced his retirement, and will continue as an
unpaid advisor on construction matters. He also will serve on the MTA
Capital Program Review Board.

Read more about the staffing changes from POLITICO New Yorks Gloria
Pazmino here: http://politi.co/1mACgCy

GOOD WEDNESDAY MORNING: Welcome to POLITICO New York Real


Estate. This roundup is for you, so please tell us how we can make it
better. Please send tips, ideas, calendar items, releases, promotions, job
postings, birthdays, congratulations, criticisms and corrections to me at
sgoldenberg@politico.com.

HAPPENING TODAYThe Department of City Planning will hold a


public hearing at 10 a.m. in the Brooklyn Borough Hall courtroom
auditorium at 209 Joralemon St. on the mayors proposed rezoning of
East New York. A full agenda of the meeting is here:
http://on.nyc.gov/1kIK9DW

The City Council Committee on Housing and Buildings will hold


a hearing at 9:30 a.m. inside the City Hall Committee Room on a
resolution calling on the state to match the citys the New York/New
York Agreement that would create permanent housing for homeless New
Yorkers with addiction and disabilities. Read the text of the resolution
here: http://on.nyc.gov/1mADGgf

Gov. Andrew Cuomo will make an announcement at 4 Pennsylvania


Plaza at 2 p.m. and plans to take questions from the press.

LICH PITCHCity Hall encouraging negotiations on LICH


development, by POLITICO New Yorks Sally Goldenberg:
Fearing a loss of potential below-market housing at a Brooklyn location
that was central to his 2013 election, Mayor Bill de Blasio has dispatched
top aides to strike a compromise for the future of the Long Island College
Hospital site. The administration is directly involved in negotiations
among local politicians, the developer who owns the site Fortis
Property Group and the Cobble Hill Association, a community
organization that has continually spoken out against Fortis' plans for a
luxury condo tower.

I would be irresponsible if I wasn't trying to help come to a solution


that would include affordable housing on a site that currently would be
developed purely as market rate unless we intervened, deputy mayor
Alicia Glen said in an interview in December. The mayor has previously
voiced his preference for allowing Fortis to rezone the property, which
would enable a series of community amenities and low- to middle-income
apartments. Without the rezoning, which needs City Council approval,
Fortis would build only luxury condos. http://politi.co/1mAzLjM [PRO]

BACK ON TRACK"Gov. Cuomo to Back a Penn Station


Overhaul," by WSJ's Andrew Tangel: New Yorks Penn Station, long
ridiculed as outdated, crowded and miserable for travelers, would
undergo a major overhaul under a plan expected to be announced as
soon as this week, according to people familiar with the matter. The
nations busiest train station and a main hub on Manhattans West Side,
Penn Station has become a focus for New York Gov. Andrew Cuomo,
who has sought to stake much of his legacy on upgrading the states
aging infrastructure. Mr. Cuomo, a Democrat, is expected to announce a
plan for a major revamp of Penn Station as soon as this week, these
people said.

A major question is how government officials would pay for a Penn


Station overhaul at a time when funding for big New York City
transportation projects remains in limbo. Plans for fixing the 1960s-era
station, long seen as inferior to Grand Central Terminal, have come and
gone in recent years. The latest discussions have in part involved how to
move a theater along Eighth Avenue that is owned by Madison Square
Garden, which sits atop the station, these people said. Adding more
natural light would require moving the theater.
http://on.wsj.com/1OLBG15

IN THE ZONE"During public hearing on controversial rezoning,


city to roll out arts plan," by POLITICO New York's Sally
Goldenberg: The de Blasio administration is rolling out a new plan to
provide city resources to arts organizations in East New York, the section
of Brooklyn it hopes to rezone for more residential and commercial
development. The initiative will be announced Wednesday morning at a
public hearing on the rezoning proposal hosted by the City Planning
Commission, city officials told POLITICO New York.

The hearing itself is likely to be contentious, with community groups


who oppose the proposed neighborhood changes announcing in a press
release on Tuesday they will come out in full force for the meeting,
which will be held at 10 a.m. in Brooklyn Borough Hall. Against that
backdrop, a representative from the city Department of Cultural Affairs
will announce the "Building Community Capacity" initiative for the next
year and a half to enhance cultural programs in the low-income
neighborhood. http://politi.co/1mACJ7U

"Brooklyn school rezoning proposal at heart of diversity


debate is approved," by POLITICO New York's Eliza Shapiro: A
controversial plan to rezone two downtown Brooklyn elementary schools
was formally approved on Tuesday night, after months of heated debate
over a seemingly wonky school rezoning proposal that transformed into a
referendum on how to integrate New York Citys public schools. The vote
passed District 13s Community Education Council (CEC) with of six
members in favor and three members opposed. With the long-awaited
vote, the Department of Educations proposal to send more families to PS
307 in DUMBO by expanding the schools zone in order to ease
overcrowding at nearby PS 8 in Brooklyn Heights will officially be
implemented next academic year. http://politi.co/1OLDp6y

LESS IS MORE"Commercial developers build small to score


big," by Crain's Daniel Geiger: A growing number of builders have
seized on what they believe is an underserved segment of the citys office
market: pint-size, yet deep-pocketed tenants who want to be in new,
high-end buildings tailored to their diminutive footprints. At least six
developers are constructing or readying to break ground on boutique
office properties. The buildings are generally smaller than 200,000 square
feet, a fraction of the size of recently opened 1 World Trade Center,
which is 3 million square feet, or the 2.6 million-square-foot office
skyscraper rising at 30 Hudson Yards.

Builders point to several factors in boutique office developments


allure. The projects generally cost $100 million or less to build and are
relatively easy to finance, dont require elusive anchor tenants, and can
achieve annual rents reaching well above $100 per square foot, near the
top end of the market. Developers Aurora Capital and Vornado Realty
Trust are so bullish on the demand for such space that they plan to begin
a nine-story boutique property together at 61 Ninth Ave. and,
concurrently, two similar office projects nearby with separate partners.
http://bit.ly/1mADZI8

BIG DEAL"David Bistricers Clipper to pay $103M for UES


rental," by Real Deal's E.B. Solomont: David Bistricers Clipper
Realty is in contract to buy an Upper East Side rental building for
approximately $103 million, as it seeks approval from the government for
a new real estate investment trust, the developer tells The Real Deal.
The Aspen, a 232-unit building at 1955 First Avenue, has 16,000 square
feet of retail at its base. Half of the buildings residential units are market
rate, 30 percent are reserved for middle-income tenants and 20 percent
are designated affordable. ... Bistricer said Clipper plans to maintain the
Aspen as a rental property.http://bit.ly/1mAGk5U

TIP ME: Something going on readers should know about? Let us know:
sgoldenberg@politico.com.

SHARE ME: Like this newsletter? Please tell a friend to sign up. Just
give them this link: http://politi.co/1TDgsAa

NO SILVER LINING"The city that Shelly built," by Real Deal's


Katherine Clarke: Sheldon Silver may have had just one vote, but a
no from him carried more weight than any other politician in the state
legislature. For developers, it could be the kiss of death. On the heels
of Silvers downfall, experts are left to dissect his nearly 40-year track
record. In terms of real estate, he will likely go down as one of the most
influential politicians to have shaped the city from vetoing the
controversial West Side stadium proposal to shepherding through
approval of millions of dollars in 421a tax breaks for the mega towers
along Billionaires Row. http://bit.ly/1mAGBWc

MARKET WATCH"Fewer Manhattan Apartments Sell for $10


Million and Up," by WSJ's Josh Barbanel: While Manhattan
apartment prices smashed records in 2015, sales of apartments costing
$10 million or more fell in the same period, raising a caution flag about
the pace of luxury sales in the year ahead. Overall, 177 apartments were
sold for $10 million or more in 2015, down 13.7% from the record 205
sales logged in 2014, according to a Wall Street Journal analysis of city
records. Some of the decline was due to the timing of sales negotiated
many months ago in new condo developments as buildings were
completed and opened, brokers said. The decline was greater, however,
in older cooperative buildings. In co-ops, sales of units priced at at least
$10 million fell 24.6%from 61 in 2014 to 46 in 2015.
http://on.wsj.com/1kIJ4fv

"Manhattan Househunters Can Expect Better Odds in 2016,


Brokers Say," by DNAinfo's Amy Zimmer: The year for Manhattan
apartment sales seemed to end on a high note, as prices set new records
across the board in the fourth quarter. But as inventory began to expand
a bit, many real estate experts predict that 2016 will be a better year for
price-conscious buyers. Manhattans median sales price representing
the markets midpoint hit a record $1.15 million, marking a 17 percent
jump from the year before and shattering the previous pre-Lehman high
of $1.025 set in 2008, according to the report released Tuesday from
Douglas Elliman. Dont, however, expect the double-digit increases to
continue, Douglas Ellimans CEO Dottie Herman said.
http://dnain.fo/1kJ9IVq

GOING FOR BROKE"Do brokerage alliances matter?" by Real


Deal's E.B. Solomont: When the heiress Bunny Mellon died in 2014 at
age 103, Sothebys sold her art collection with pieces from Georges
Braque and Mark Rothko for a whopping $158.7 million. Her jewelry
and furniture fetched another $59.3 million. But when it came time to
market the crown jewel of her real estate portfolio a 2,000-acre, $70
million compound in Virginia the executor of her estate tapped
Washington Fine Properties, a Georgetown-based boutique firm and
onetime Sothebys affiliate that cut ties with the auction house more than
a decade ago.

The Mellon estate decision cast a shadow on the much-ballyhooed


relationship between the auction house and real estate brokerages
around the country that pay a pretty penny to license its name. Both
Sothebys and its main rival, Christies, have real estate ties Christies
via affiliated firms like Brown Harris Stevens in New York, and Sothebys
through wholly-owned offices as well as affiliated brokerages. These
affiliations are touted by property brokerage chiefs as an elite referral
network that can generate buyer and seller leads and result in lucrative
property sales. Its still unclear, however, if these relationships
translate into what matters commissions. http://bit.ly/1mAEC4e

FORECLOSED PROMISE"Foreclosure blight still plagues the


city despite banks' promises, senators claim," by Crain's Joe
Anuta: Mortgage lenders have let hundreds of abandoned homes in
New York City fall into disrepair, racking up more than $2 million in
violations and causing more than $14 million in lost property value for
neighbors, according to a report released Tuesday by the state Senate's
Independent Democratic Conference. The report was designed to revisit
the issue of foreclosed and abandoned homes and their effects on
communities in the five boroughs, especially in low-income and minority
areas, and to drum up support for a pair of bills pending in Albany.
http://bit.ly/1mAFqpZ

WARM WELCOME"Carnegie Deli's Upstairs Tenants Finally Get


Heat, Hot Water Restored," by DNAinfo's Murray Weiss: Hot
running water began to flow a week before Christmas and heat rose
through the pipes just before New Year's for the chilled tenants living
without heat or hot water for nine months above the shuttered Carnegie
Deli. Tenants Elsie and Pasquale Forino had spent 57 years living happily
amid the wafting smells of pastrami and corned beef before the deli was
shut by the city. Con Edison cut off the gas in April after finding the
restaurant hooked up an illegal line that was stealing fuel, and then the
city insisted the owners not only pay fines, but upgrade all the building's
pipes to modern standards. http://dnain.fo/1kIHni1

LAW AND ORDER"Public Advocate Unveils New Regulations to


Crack Down on Worst Landlords,'" by Observer's Will
Bredderman: Public Advocate Letitia James announced (Tuesday) she
would introduce two bills that would expand the citys power to penalize
property owners with outstanding code violationsand expand the power
of her own office and its annual Worst Landlords List. Speaking inside
the David Dinkins Municipal Building, Ms. James rolled out the No
Eviction by Construction Act and the Nuisance Abatement Act. The first
bill would prevent residential building owners on the Worst Landlord List
a database that Mayor Bill de Blasio launched during his first year as
public advocate in 2010from obtaining any work permit from the city
except for fixing the violations that landed them on the list.

The Nuisance Abatement Act would stretch the definition of a


nuisancewhich the city has traditionally used to prosecute owners of
houses of gambling, prostitution and drug-dealingto apply to building
code violations. The legislation would also give the public advocate, city
agency commissioners and Council members the power to request that
city attorneys take legal action against a landlord. http://bit.ly/1mAHLB9

"Landlord Sued for Harassment Eyes Chinatown Building,


Court Records Show," by DNAinfo's Lisha Arino: A landlord
accused of harassing rent-stabilized tenants is looking to acquire a
building on Canal Street, records show. Samy Mahfar of SMA Equities bid
$25 million for 243 Canal St., a property previously owned by Sau Tchu
Luu Fan until her death, last year on Nov. 19, according to filings in
Manhattan Surrogates Court. The six-story building, located between
Lafayette and Centre streets, was appraised at $15 million dollars, but
the court-appointed administrators of Fans estate her relatives James
Luu and Ba Hue Luu La began receiving bids worth more than the
appraisal, according to a court filing informing a judge of the higher
offers. http://dnain.fo/1mAHXjU

IN THE WORKS"Permits Filed: 54 Throop Avenue, Broadway


Triangle," by YIMBY's Rebecca Baird-Remba: After years of stalled
sites and legal limbo sparked by a controversial rezoning, development
has kicked into high gear in the former industrial patch of South
Williamsburg known as the Broadway Triangle. Plans have surfaced for a
six-story residential building at 54 Throop Avenue, around the corner
from the Lorimer Stop on the J and M trains. This project joins a six-
story, eight-unit development next door at 56 Throop, courtesy of the
same developer, Solomon Schwimmer. http://bit.ly/1OLD4ke

HURRICANE HANGOVER"City Asks Landlords to Offer Homes


to Sandy Victims," by DNAinfo's Nicholas Rizzi: The city is asking
landlords to offer short-term leases to Hurricane Sandy victims still
waiting for their homes to be re-constructed. As part of a push complete
the delayed Build it Back program by the end of the year, Borough
President James Oddo and Amy Peterson, director of the Mayor's Office
of Housing Recovery, called on landlords to offer apartments to Sandy
victims, with the city picking up the rent. http://dnain.fo/1mAH7no

INDUSTRY MOVES"Dennis Friedrich Leaving Brookfield, Loses


Post at Downtown Alliance," by Commercial Observer's Terence
Cullen: Dennis Friedrich, the chief executive officer of Brookfield
Property Partners global office division, is resigning from the
development company later this month, a spokeswoman confirmed. As a
result, Mr. Friedrich will vacate his recently appointed position as
chairman of the Alliance for Downtown New York, the organizations
president, Jessica Lappin, told Commercial Observer.
http://bit.ly/1mAGSJ0

SHORT READS:

"Luxury builder to lead condo conversion of former Standish Hotel in


Brooklyn Heights," by Crain's Daniel Geiger: http://bit.ly/1mAF4PZ

"City announces grant for work on historic Roosevelt Island house," by


POLITICO New York's Monica Melton: http://politi.co/1mAFLsK [PRO]

"Slate, Meadow receive $110M loan to develop One Flatbush," by Real


Deal's Mark Maurer: http://bit.ly/1OLCJy7

"Don't Landmark Historic Ukrainian Church, Community Board


Recommends," by DNAinfo's Gwynne Hogan: http://dnain.fo/1OLCqDh

"JPMorgan to pay $48 million to end robosigning saga," by Bloomberg


News via Crain's: http://bit.ly/1mAG7Q6

ICYMI"Dalian Wanda clinches deal for Legendary Entertainment -


source," by Reuters' Liana B. Baker: http://reut.rs/1mAEbH9

"Supportive Housing Developer Plans 68-Unit Building on Gates


Avenue," by DNAinfo's Camille Bautista: http://dnain.fo/1OLBWNq

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From: Lisa Gomez
To: Glen, Alicia
Subject: SFY 2015-16 Housing Budget Chart ver 2.DOCX
Date: Tuesday, January 12, 2016 8:14:04 PM
Attachments: SFY 2015-16 Housing Budget Chart ver 2.DOCX
ATT00001.txt

I haven't gone through this yet but. Wanted to get to you. I'll go through iIT shortly.
SFY 2015-16 State Housing Budget Comparison Chart

Program 2015-16 Enacted 2014-15 2013-14 2012-13 2011-12


Budget Enacted Enacted Enacted Enacted
Budget Budget Budget Budget
Homes For Working Families $17.5 million $10.75 $7 $7 $7
million million million million
Rural and Urban Community $17 million $6.75 $5.354 N/A N/A
Investment Fund Program million million
Low Income Housing Trust $47.7 million $46.7 $35.2 32.2 $29
Fund Program million million million million
Affordable Housing $29 million $25 million $25 $25 $25
Corporation million million million

Neighborhood Preservation Possibly as high as $10.072 $10.072 $10.072 $4.239


Program $28.738 million: million million million million
$8.479 million +
$20.259 million1
Rural Preservation Program Possibly as high as $4.204 $4.204 $4.204 $1.769
$23.798 million: million million million million
$3.539 million +
$20.259 million2
Mitchell Lama Rehabilitation $67 million: $42 $32 million $17.582
and Repairs/ Rehabilitation of million + $25 million
existing limited profit housing million
companies
State Low Income Housing Tax $64 million $56 million $48
Credit million
Rural Rental Assistance $21.642 million $21.012 $20.4 $19.6 $14.802
Program million million million million
Low and moderate income (up $25 million
to 130% AMI) housing
construction and rehabilitation
Supportive Housing Program $124.4 million $30 million $30 $30 $30
million million million
Living in Communities 1 $40 million
program
Cap the rent contribution of $27 million
public assistance recipients with
HIV/AIDs.
Neighborhood Revitalization $21.69 million
Purchase Program
Access to Home Program $20.6 million: $1 million. $1 $1 $1

1
Amount to be split between RPP and NPP
2
Amount to be split between RPP and NPP.
$19.6 million + $1 million million million
million
Restore New Yorks $25 million
Communities Initiative
Public Housing Modernization $6.4 million $6.4 $6.4 $6.4 $6.4
Program million million million million
Residential emergency services $6.4 million: $5 $1.4
million + $1.4 million
million
NYCHA Public Housing $100 million N/A N/A N/A N/A
Modernization
Urban Initiatives Rejects. $2 million $2 $4 $2
million million million
Rural Area Revitalization Rejects. $1.5 $665,000 $4
million million
Homelessness program or $16.34 million
Operational support for AIDS
housing program
Adirondack community housing $1 million
trust to reduce the cost of home
purchases for families making
up to 120% of AMI
Main Street or Downtown $9.7 million: $4.2 $4.2 $4.2 $3 $2.2
Revitalization projects million + $5.5 million million million million
million

203070493.1
Sent from my iPhone
From: Lisa Gomez
To: Glen, Alicia
Subject: Re: SFY 2015-16 Housing Budget Chart ver 2.DOCX
Date: Tuesday, January 12, 2016 9:33:32 PM

Ok up an running. There were some decent one time increases this past fiscal year. Slic diesnt look
right to me though. B maybe it was limped in w Someyhin else in earlier years. V

Sent from my iPhone

> On Jan 12, 2016, at 8:46 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>
> Ok.
>
> Sent from my iPad
>
>> On Jan 12, 2016, at 8:45 PM, Lisa Gomez <lgomez@lmdevpartners.com> wrote:
>>
>> I'm having an I t issue at the moment. Give me 10
>>
>> Sent from my iPhone
>>
>>> On Jan 12, 2016, at 8:44 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>>>
>>> Thanks. Dumb question: is the 2015-2016 number what you guys expect will be in the budget or
is that the current budget? I'm not totally clear on their fiscal,year.
>>>
>>> Sent from my iPad
>>>
>>>> On Jan 12, 2016, at 8:14 PM, Lisa Gomez <lgomez@lmdevpartners.com> wrote:
>>>>
>>>> I haven't gone through this yet but. Wanted to get to you. I'll go through iIT shortly.
>>>>
>>>> <SFY 2015-16 Housing Budget Chart ver 2.DOCX>
>>>>
>>>>
>>>>
>>>> Sent from my iPhone
From: Lisa Gomez
To: Glen, Alicia
Subject: Re: SFY 2015-16 Housing Budget Chart ver 2.DOCX
Date: Tuesday, January 12, 2016 9:37:11 PM

State fiscal year appropriations are on April 1 year.

Sent from my iPhone

> On Jan 12, 2016, at 8:45 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>
> It must be what might be enacted BC there are new programs, right? So the top column is MIS
named.
>
> Sent from my iPad
>
>> On Jan 12, 2016, at 8:14 PM, Lisa Gomez <lgomez@lmdevpartners.com> wrote:
>>
>> I haven't gone through this yet but. Wanted to get to you. I'll go through iIT shortly.
>>
>> <SFY 2015-16 Housing Budget Chart ver 2.DOCX>
>>
>>
>>
>> Sent from my iPhone
From: Lisa Gomez
To: Glen, Alicia
Subject: Re: NYSAFAH Statement in Response to Governor"s State of the State Address and Executive Budget
Date: Wednesday, January 13, 2016 8:50:03 AM

Yeah. My guess is he is vague on sources. Last year we lobbied for 1 billion multi
year program of Mort settlement for affordable housing under the theory that these
funds were generated by housing and should go back to housing.

Sent from my iPhone

On Jan 13, 2016, at 8:47 AM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:

Thanks. Interesting to see if he uses settlement funds for housing or


transportation this year.

Sent from my iPad

On Jan 12, 2016, at 10:03 PM, Lisa Gomez


<lgomez@lmdevpartners.com> wrote:

There was a big infusion last fiscal year. Some from mortgage
settlement (not as much as we asked for) . also, as you know everyone
recasts existing programs. Here were the highlights Ill try to find the
fuller announcement .

From: Alexandra Hanson [mailto:alexandra@nysafah.org]
Sent: Wednesday, January 21, 2015 5:20 PM
To: Alexandra Hanson
Cc: Jolie Milstein; Elizabeth Rossi
Subject: NYSAFAH Statement in Response to Governor's State of the State
Address and Executive Budget


<image004.jpg>

NYSAFAH STATEMENT IN RESPONSE TO GOVERNORS STATE OF
THE STATE ADDRESS AND EXECUTIVE BUDGET
Settlement Funds for Affordable Housing Programs Likely to Near
$500 Million

Today Governor Cuomo delivered his State of the State address, and
announced his 2015-2016 Executive Budget as part of his 2015
Opportunity Agenda. Allocating nearly $500 million to housing programs
from the Mortgage Foreclosure Settlement Funds, the agenda proposes a
significant increase to affordable housing funding.
NYSAFAH commends Governor Cuomo for his strong support of
affordable and supportive housing and we areencouraged that
nearly$500 million in new capital fundingwill go towards housing-
relatedprograms in the 2015-2016 Executive Budget.Today, the
Governor demonstratedhis understanding that the development and
preservation of affordable housing are critical to building strong
communitiesthroughout New York State.
We areproud to see the Governor commitadditionalresources to
existing housing programs,rental subsidies and NY/NY IV. Theseprograms
have improved the lives of special needs families from Buffalo to the
Bronx,and serveas a powerful force for economic development. As
longtime proponents ofsupportive housing and community development,
we knowthis is an effective way to put our tax dollars towork.
The deep economic and housing crisis gripping our communities means
thatevenmore must be done to finance and expand affordable housing
programs in New York State. In this years budget,NYSAFAH urges
lawmakers to commit an additional $500 million to develop a new mixed-
income affordable housing programin order to provide support to
families at a wider range of incomes in rural, urban and suburban areas."
Jolie Milstein, President and CEO
The Governors Executive Budget proposes allocations to both new and
existing affordable housing programs, including:

$229 Million in capital resources for 2015-16 to continue the five-


year House NY program, an increase of $32 Million over available
resources in 2014-15;
$257 Million from the J.P. Morgan Chase settlement funds to
support the following programs over the next several years:
construction and rehabilitation of affordable housing, revitalization
of neighborhoods, as well as encouraging community renewal
activities; improvements to public, seniors and veterans housing;
and low-cost financing and access to capital through Community
Development Financial Institutions;
<!--[if !supportLists]--> <!--[endif]-->$220 Million for Homeless
Services, including funding for New York City rental assistance and
other programs that address the Citys growing homeless
population; and,

<!--[if !supportLists]--> <!--[endif]-->$183 Million for Support


NY/NY IV Housing Program to create 5,000 new supportive
housing units for populations requiring additional support; New
York Citys LINC 1 rental assistance program; and a cap on the
rent contribution for public assistance recipients diagnosed with
HIV/AIDS in New York City so they can afford to stay in their
homes.

Additional detail on the Governors budget will be made available in the


next few days.
Best,

Alexandra Hanson
Policy Director
NYSAFAH
242 W. 36 th Street, 3rd Floor
New York, NY 10018
P: 646.473.1209
C: 646.476.1606
F: 646.349.5286
www.nysafah.org
<image001.png>
<image002.jpg> <image003.jpg> <image005.png>
This email and its contents are confidential. You are hereby notified that
any disclosure, copying, distribution or use of any of the information
contained in or attached to this message is strictly prohibited.
From: Lisa Gomez
To: Glen, Alicia
Subject: Re: SFY 2015-16 Housing Budget Chart ver 2.DOCX
Date: Wednesday, January 13, 2016 8:57:57 AM

You know I'm a protector. But I'm also a realist. I think there's a way for everyone to count
everything and if we need to suck it up to get the resources. So be it. We may also need to lever the
politics in ways we have t had to do in 15 years ( what I refer to as Byoc or bring your own cap. My
understanding is the 15/16 numbers were what was passed last jan and whatever gets announced
today are the new fiscal year

Sent from my iPhone

> On Jan 13, 2016, at 8:53 AM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>
> I'm still confused about what is actually in their current year budget, but have pur rogether that there
was big infusion last year, largely bc of settlement funds.
> If you guys have more clarity it would be great.
> And as a former HDC person, I do hope that you are a protector/believer in their abiility to do this
stuff really well and that any attempt to curb their business would be bad for affordable housing.
> We will be watching with baited breath.
> And I am totally jealous that you are getting out of the REBNY dinner.
>
> ----- Original Message -----
> From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
> Sent: Wednesday, January 13, 2016 08:47 AM
> To: Glen, Alicia
> Subject: Re: SFY 2015-16 Housing Budget Chart ver 2.DOCX
>
> Good luck today. Call me if I can clarify shit and be nice! Xo
>
> Sent from my iPhone
>
>> On Jan 12, 2016, at 9:43 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>>
>> So are the big numbers on the chart what is being spent right now???
>> Half of those programs I never even heard of and it seems odd he would have tripled the housing
budget last year without an accompanying Plan????
>>
>> ----- Original Message -----
>> From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
>> Sent: Tuesday, January 12, 2016 09:37 PM
>> To: Glen, Alicia
>> Subject: Re: SFY 2015-16 Housing Budget Chart ver 2.DOCX
>>
>> State fiscal year appropriations are on April 1 year.
>>
>> Sent from my iPhone
>>
>>> On Jan 12, 2016, at 8:45 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>>>
>>> It must be what might be enacted BC there are new programs, right? So the top column is MIS
named.
>>>
>>> Sent from my iPad
>>>
>>>> On Jan 12, 2016, at 8:14 PM, Lisa Gomez <lgomez@lmdevpartners.com> wrote:
>>>>
>>>> I haven't gone through this yet but. Wanted to get to you. I'll go through iIT shortly.
>>>>
>>>> <SFY 2015-16 Housing Budget Chart ver 2.DOCX>
>>>>
>>>>
>>>>
>>>> Sent from my iPhone
From: Lisa Gomez
To: Glen, Alicia
Subject: RE: SFY 2015-16 Housing Budget Chart ver 2.DOCX
Date: Wednesday, January 13, 2016 11:51:43 AM

I think the other factor in last year's budget was MRT.... which helped fund supportive and related
programs.

I'm going for rebny cocktails and then going to closing dinner w/ ... I think... your friend... Deb Wolfe
for our redstone investment.

-----Original Message-----
From: Glen, Alicia [mailto:AGlen@cityhall.nyc.gov]
Sent: Wednesday, January 13, 2016 8:53 AM
To: Lisa Gomez
Subject: Re: SFY 2015-16 Housing Budget Chart ver 2.DOCX

I'm still confused about what is actually in their current year budget, but have pur rogether that there
was big infusion last year, largely bc of settlement funds.
If you guys have more clarity it would be great.
And as a former HDC person, I do hope that you are a protector/believer in their abiility to do this stuff
really well and that any attempt to curb their business would be bad for affordable housing.
We will be watching with baited breath.
And I am totally jealous that you are getting out of the REBNY dinner.

----- Original Message -----


From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
Sent: Wednesday, January 13, 2016 08:47 AM
To: Glen, Alicia
Subject: Re: SFY 2015-16 Housing Budget Chart ver 2.DOCX

Good luck today. Call me if I can clarify shit and be nice! Xo

Sent from my iPhone

> On Jan 12, 2016, at 9:43 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>
> So are the big numbers on the chart what is being spent right now???
> Half of those programs I never even heard of and it seems odd he would have tripled the housing
budget last year without an accompanying Plan????
>
> ----- Original Message -----
> From: Lisa Gomez [mailto:lgomez@lmdevpartners.com]
> Sent: Tuesday, January 12, 2016 09:37 PM
> To: Glen, Alicia
> Subject: Re: SFY 2015-16 Housing Budget Chart ver 2.DOCX
>
> State fiscal year appropriations are on April 1 year.
>
> Sent from my iPhone
>
>> On Jan 12, 2016, at 8:45 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>>
>> It must be what might be enacted BC there are new programs, right? So the top column is MIS
named.
>>
>> Sent from my iPad
>>
>>> On Jan 12, 2016, at 8:14 PM, Lisa Gomez <lgomez@lmdevpartners.com> wrote:
>>>
>>> I haven't gone through this yet but. Wanted to get to you. I'll go through iIT shortly.
>>>
>>> <SFY 2015-16 Housing Budget Chart ver 2.DOCX>
>>>
>>>
>>>
>>> Sent from my iPhone
From: Lisa Gomez
To: Glen, Alicia
Subject: If I see you tonight can we briefly chat
Date: Thursday, January 21, 2016 4:36:25 PM

About pacb etc?


From: Ron Moelis
To: Glen, Alicia
Subject: Re: How to Build Affordable Housing in New York City - NYTimes.com
Date: Tuesday, January 26, 2016 10:12:41 AM

If it gets a positive reaction from the deputy mayor, it's a good result.
Anyway it was nice to see the positive story (even if it had some inaccuracies)...it wasn't obvious when we met with him what his approach would be.
Coming from the times architectural critic, the message was a good one.

Sent from my iPhone

> On Jan 26, 2016, at 8:26 PM, Glen, Alicia <AGlen@cityhall.nyc.gov> wrote:
>
> Great story. Quite the hero.
>
>
> http://mobile.nytimes.com/2016/01/26/arts/design/how-to-build-affordable-housing-in-new-york-city.html?
rref=collection/sectioncollection/nyregion&action=click&contentCollection=nyregion&region=stream&module=stream_unit&version=latest&contentPlacement=4&pgtype=sectionfront&_r=0&referer=
From: Ron Moelis <rmoelis@lmdevpartners.com>
Date: January 15, 2016 at 8:55:53 AM EST
To: "
Subject: Fwd: volume cap

Can we talk about this when you have a couple of minutes.

Sent from my iPhone

Begin forwarded message:

From: "VanAmerongen, Deborah" <dvanamerongen@nixonpeabody.com>


Date: January 14, 2016 at 8:40:23 PM EST
To: "Moelis Ron (Rmoelis@lmdevpartners.com)" <Rmoelis@lmdevpartners.com>, "Ms.
Gomez Lisa" <lgomez@lmdevpartners.com>
Subject: Fwd: volume cap

Sent from my iPhone

Begin forwarded message:

From: "VanAmerongen, Deborah" <dvanamerongen@nixonpeabody.com>


Date: January 14, 2016 at 8:02:39 PM EST
To: Milstein Jolie <Jmilstein@nysafah.org>, Hanson Alexandra <alexandra@nysafah.org>
Subject: Fwd: volume cap

I assume you've heard. I think we have to engage in this

Sent from my iPhone

On Jan 14, 2016, at 7:11 PM, VanAmerongen, Deborah <dvanamerongen@nixonpeabody.com>


wrote:

In the Governors budget documents he changed the legislation that allocates volume cap to
require PACB approval of local issuance (including HDC) and requires ESDC sign off on
reallocations by municipalities (meaning the Citys ability to allocation volume cap to HDC
would be subject to ESDC approval)

<image001.jpg>
Deborah VanAmerongen
Strategic Policy Advisor
dvanamerongen@nixonpeabody.com
T 212-940-3054 | C 917-544-3250 | F 866-587-8709
Nixon Peabody LLP | 437 Madison Avenue | New York, NY 10022-7039
nixonpeabody.com | @NixonPeabodyLLP

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