Tishman Speyer President and CEO Rob Speyer today announced the firm has hired Gary Rodney to help establish and manage a new affordable housing platform that will initially focus on the New York City region.
Rodney will help Tishman Speyer source opportunities to acquire, redevelop and engage in ground-up construction of quality housing that is affordable to low- and middle-income New Yorkers throughout the five boroughs.
Rodney brings more than two decades of experience related to the development and financing of affordable housing to his newly-created Managing Director role at Tishman Speyer. For the past four years, Rodney served as Chairman of CREA, LLC, where he worked with the senior management team and its partners to help finance quality affordable housing in cities throughout the country.
Immediately prior to CREA, Rodney served as president of the New York City Housing Development Corporation (HDC), one of the nation’s most active Housing Finance Agencies and the largest municipal issuer of mortgage revenue bonds for affordable multi-family housing. During his tenure at HDC, Rodney oversaw approximately $14 billion of assets, including a multifamily portfolio of over 190,000 units and approximately $10 billion in mortgage loans.
“Now more than ever, our public and private sectors must work together to create a new generation of quality affordable housing for New Yorkers of all income levels,” Rob Speyer said.
“We all must do our part in addressing an affordability gap that affects thousands of people, including those who perform vital tasks in our hospitals, schools, construction sites and other essential institutions. I am thrilled that Gary Rodney will help lead this charge within Tishman Speyer.”
“I am honored to join the deep, experienced and ever-growing team of design, finance, construction and development professionals at Tishman Speyer,” Rodney said. “Tishman Speyer combines unparalleled placemaking and attention to detail with an innate ability to take on complex challenges. I am looking forward to seeing these skills brought to bear in the affordable housing space.”
Prior to HDC and CREA, Rodney served as Executive Vice President for Development at Omni New York, LLC, a real estate development company that focused heavily on the preservation and development of affordable housing properties, and as Director of Development at BFC Partners.
Rodney received his B.A. from the University of Rochester and a Masters of Urban Planning from New York University’s Robert F. Wagner Graduate School of Public Service. He currently serves on the Board of Directors for the NYU Furman Center for Real Estate and Urban Policy, the Community Preservation Corporation, the New York State Association for Affordable Housing and the New York Housing Conference.