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Speakers and Panels

Ron Moelis

Ron Moelis

CEO & Founding Partner

L+M Development Partners

Louise Carroll

Louise Carroll

Partner

Katten Muchin Rosenman LLP

James Simmons

James Simmons

Managing Partner & CEO

Asland Capital Partners

Woody Victor

Woody Victor

Principal

Capalino

David Quart
Moderator

David Quart

Northeast Markets Development Lead

VHB

Ron Moelis

CEO & Founding Partner

L+M Development Partners

Ron Moelis is a co-founder of L+M Development Partners and its affiliated companies, with a principle focus on the development of affordable housing. He is a founding member of the New York State Association for Affordable Housing, an advisory board member of the New York City Housing Partnership, and sits on the Board of Governors of the Real Estate Board of New York.

Ron also serves on the Board of Trustees of New York University School of Law, Board of Trustees of John Jay College and Board of Trustees for Montefiore Health Systems. He is also on the National Advisory Board at the Netter Center for Community Partnerships at the University of Pennsylvania, the Advisory Board at the Furman Center at New York University, and the Mt. Sinai Surgery Advisory Board.

A graduate of the University of Pennsylvania, he holds both a BA in history and a

BS in economics from the Wharton School, and a JD from New York University. In 2012, he was named Entrepreneur of the Year for Real Estate by Ernst & Young for his many years of innovation and creativity in real estate finance and development.

Louise Carroll

Partner

Katten Muchin Rosenman LLP

A well-known figure in New York City's affordable housing community, Louise Carroll has the depth of experience to steer clients through the financial and legal complexities of affordable housing and mixed-income housing projects. With a distinguished career in public service that spanned over 20 years, including a tenure as commissioner of the New York City Department of Housing Preservation and Development (HPD) and chair of the New York City Housing Development Corporation (HDC), the city's bond issuer, Louise has a keen understanding of the policies and processes that developers and project owners must navigate.

Clients benefit from the knowledge and tools that Louise acquired throughout her years in public service, during which she earned a reputation as a highly effective agent of change. She served for nearly 15 years in HPD, working to produce and preserve affordable housing across New York City. Appointed as HPD commissioner and chair of HDC by former Mayor Bill de Blasio in May 2019, Louise managed over 1 billion dollars in city and federal funds to finance one of the most significant and complex affordable housing plans in the country. During her tenure, she pushed the plan's goal of 300,000 units ahead of schedule by two years.

Prior to leading HPD, Louise developed a deep understanding of the affordable housing framework while holding several leadership positions there, including assistant commissioner for inclusionary housing and associate commissioner for housing incentives. In these positions, she worked to craft changes to New York City's tax programs to achieve greater affordability. Additionally, she led the team as one of the chief architects in designing and implementing the city's Mandatory Inclusionary Housing Program to require the creation of permanently affordable housing in conjunction with residential rezonings and streamlined the Voluntary Inclusionary Housing Program to increase production.

James Simmons

Managing Partner & CEO

Asland Capital Partners

Managing Partner and CEO Jim Simmons serves as head of Asland Capital Partners’ investment committee and runs the day-to-day operations of the firm. With more than two decades of real estate investment experience, Mr. Simmons focuses on sourcing and structuring transactions through his deep relationships across the public and private sectors. Mr. Simmons was most recently a partner at Ares Management, where he ran the $485 million Ares Domestic Emerging Markets Fund, and he was previously a partner at Apollo Real Estate Advisors. Prior to his private equity fund management career, Mr. Simmons was president and CEO of the Upper Manhattan Empowerment Zone Development Corporation. He held previous roles at Bankers Trust and Salomon Smith Barney. Mr. Simmons holds a BS degree from Princeton University, an MS from Virginia Polytechnic Institute and State University and a Master of Management degree from Northwestern University’s J.L. Kellogg Graduate School of Management.

Woody Victor

Principal

Capalino

Woody Victor has significant experience in real estate, private equity and management consulting and has advised on equity, debt and public financing for over $275 million in real estate and private equity transactions. In his capacity at Capalino+Company, Woody Victor advises private and not-for-profit clients on development, financing and community engagement strategy and execution for all types of housing and mixed-use projects. Prior to joining Capalino+Company, Woody led the Real Estate Development group at SOBRO – a leading affordable housing developer in the Bronx. He has also held senior leadership roles at Accenture, Viacom, a boutique private equity firm and an investment firm focused on the international high net worth segment. Woody is a Harlem resident and holds an MBA from Columbia Business School and Electrical Engineering degree from Brown University.

David Quart

Moderator

VHB

David Quart, AICP, is the Northeast Markets Development Lead at VHB, where he drives strategic focus across public and private markets throughout the region. He works closely with public agencies, developers, and community partners to advance complex real estate and infrastructure initiatives, with a strong emphasis on affordable and mixed-income housing, and projects that unlock new housing supply.

David brings nearly 25 years of experience spanning both government and private industry. He previously served as Deputy Commissioner for Strategy, Research, and Communications and Chief of Staff at the NYC Department of Housing Preservation and Development, where he helped shape the Housing New York plan and Mandatory Inclusionary Housing program. As Senior Vice President at NYCEDC, he led major development projects, including Essex Crossing, Willets Point, and key waterfront improvements.

David serves on the ULI New York Advisory Board and is an adjunct professor at NYU Wagner.

Summary

  1. How will the approved NYC budget, which includes a 40% cut to affordable housing funding impact prospective housing supply?

  2. Has the coronavirus affected the ongoing affordable housing issue by creating further ripple effects in the areas of lending and finance?

  3. How is policy addressing the unintended consequences of rezoning, rent regulations and tax credits, such as less focus on the needy and gentrification of struggling neighborhoods?

  4. How can government policy and the private sector address the production of low income housing more effectively?

  5. What strategies can the industry use to mitigate barriers to developing more low income housing?

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