Emily Youssouf
Report: Former City Housing Officials Out at JPMorgan
The Bear Stearns collapse seems to be raining hard on former Bloomberg administration officials Emily Youssouf and John Crotty, the former president and vice president, respectively, at the city’s Housing Development Corporation who left their municipal jobs last year to start an affordable housing finance division at JPMorgan Chase.
Bond Buyer today reports that Ms. Youssouf and Mr. Crotty are out at JPMorgan, as the banking giant is said to be bringing in Bear Stearns’ housing team. From the story: read more »
City to D.C.: We Need More Housing Bonds
The New York State Housing Finance Agency committed the last of its 2007 tax-exempt bonds in March. Now, the agency overseeing the city’s share of cheap housing loans expects to run dry in the next few weeks, potentially stalling the financing of affordable housing until new revenue sources are found. read more »
