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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

March 5, 2003

Press Contact:
Carol Abrams (212) 863-5176

HPD COMMISSIONER PERINE APPOINTS WILLIAM TRAYLOR AS DEPUTY COMMISSIONER FOR DEVELOPMENT

New York City Department of Housing Preservation and Development (HPD) Commissioner Jerilyn Perine has announced the appointment of William Traylor as Deputy Commissioner of the Office of Development. Traylor will also serve as the Senior Vice President of Public Finance at the NYC Housing Development Corporation (HDC).

Bill is well known within the affordable housing community as one of the country's experts on affordable housing finance and community development. Since January 2001, Bill has been the President of The Richman Group of New York where he handled investor relations, real estate acquisitions and development in NYC and was responsible for attracting $150 million of corporate equity investment that leveraged an equal amount of private equity. Bill also arranged $220 million of financing for the firm's investment funds including interest rate hedges and swaps.

Bill was Managing Director of the New York office of the Local Initiatives Support Corporation (LISC) from 1994 through 2000 where he raised and invested more than $500 million of private equity and leveraged $750 million of debt for City-sponsored housing developments. Bill is also an HPD alumnus and had worked extensively with nonprofit housing developers in New York City.

Since 1991, he has been an Adjunct Lecturer at the Robert J. Milano Graduate School of Management and Urban Policy at the New School University where he teaches real estate development and finance with an emphasis on public-private partnerships.

Commissioner Perine said, "We are extremely fortunate to have Bill return to HPD and HDC to help direct the development of the Mayor's housing plan. His dual position signals the important shift that the plan requires: close cooperation between HPD and HDC and a clear allocation of scarce public resources that will maximize housing production and preservation. Bill has unprecedented expertise as well as a commitment to public service."

Bill received his Master's degree from the University of Notre Dame and his Bachelor's degree from Stonehill College.

For the last year, Kimberly Hardy has headed both the Office of Development and the Office of Community Partnerships. The announcement of the Mayor's $3 billion housing plan has necessitated that we divide these functions. Kimberly Hardy will devote full attention to the position of Deputy Commissioner of the Office of Community Partnerships. Kim will retain her responsibilities as a key liaison to the Mayor's recently announced Neighborhood Investment Advisory Panel and Chairperson of the New York City Loft Board.

HPD is the nation's largest municipal housing development agency, has completed the construction or rehabilitation of more than 204,000 units of affordable housing citywide.




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