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Exploring Institutional Investment in Multifamily Affordable Housing
September 15 @ 2:30 pm – 5:00 pm EDT
On Monday, September 15, 2025, the Federal Reserve Bank of New York will host an in-person event exploring private capital investments in multifamily affordable housing. Panelists, including institutional investors and managers of multifamily affordable housing investment vehicles, will explore the role of institutional capital in financing apartments for low- and moderate-income renters. Speakers will also discuss a New York Fed case study on private investment in multifamily affordable housing and the challenges and opportunities for private investment in the space.
This event will be of interest to leaders from pension funds, endowments, insurance companies, foundations, investment managers, community development organizations, banks, and affordable housing owners, developers, and managers.
Audience
This event is open to the public.
Media
This event is open to the media. All remarks are on the record, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.
Agenda
Coffee and networking preceding event; reception to follow.
2:30-2:40 pm ET
Welcome Remarks
Jonathan Kivell, Director of Community Investments, Federal Reserve Bank of New York
2:40-2:55 pm ET
2025 Case Study of Managers of Multifamily Affordable Housing Private Investment Vehicles
Carmi Recto, Community Development Specialist, Federal Reserve Bank of New York
2:55-3:45 pm ET
Panel: Investment Managers
Moderator: John R. Williams, President and Chief Operating Officer, Avanath Capital Management
Jeremy Keele, Managing Partner, Catalyst Opportunity Funds
Pamela West, Head of U.S. Affordable Housing & Portfolio Manager, Nuveen
Alicia Glen, Founder & Managing Principal, MSquared
Sydne Garchik, Founder & President, MRK Partners
3:45-4:00 pm ET
Break
2:55-3:45 pm ET
Panel: Institutional Investors
Moderator: Rachel Diller, Senior Managing Director, Acquisitions & Chief Investment Officer, Bridge Workforce & Affordable Housing, Bridge Investment Group
Cynthia Maasry, Managing Director, Mission Investments, Trinity Church Wall Street
Dan Alger, Managing Director & Head of Urban Investment Group, Goldman Sachs Asset Management
Filip Pinter, Senior Investment Officer, Real Estate, New York State Common Retirement Fund
4:50-4:00 pm ET
Closing Remarks
Talor Crawford, Community Development Specialist, Federal Reserve Bank of New York