New Chairman To Lead New York State's Housing Agencies

Following Unanimous State Senate Confirmation, William Mulrow Will Today Chair His Inaugural Meeting at New York State Homes and Community Renewal

ALBANY, NY (04/04/2012)(readMedia)-- William Mulrow today begins his tenure as Chairman of the New York State Housing Finance Agency (HFA), and the State of New York Mortgage Agency (SONYMA), two of the agencies included within New York State Homes and Community Renewal (HCR).

HCR Commissioner/CEO Darryl C. Towns said, "Governor Andrew Cuomo's transformative plan to break down silos and make New York State 'Open for Business' is embodied in his appointment of Bill Mulrow. We are very excited about Bill's appointment. His extensive public and private sector experience vividly illustrate the Governor's mission to invest state dollars most efficiently, while attracting billions in private resources to grow New York's economy and create jobs."

Following his appointment by the Governor, Chairman Mulrow was confirmed by the State Senate on March 19th by a vote of 61-0.

"Under the leadership of Governor Cuomo and despite the economic downturn, the New York State Housing Finance Agency has remained one of the most dynamic in the nation. At the same time, SONYMA plays a critical role in supporting homeownership in our state," said Chairman Mulrow. "I look forward to serving the people of New York, and to working with Commissioner/CEO Towns and his staff to advance the work of all the agencies – creating, preserving and financing safe and high-quality affordable housing for the people of New York."

Mr. Mulrow is currently a Senior Managing Director at Blackstone. He has served in executive positions with Citigroup, Paladin Capital Group, Gabelli Asset Management, Rothschild Inc. and Donaldson Lufkin & Jenrette.

He has also served on the Boards of the Taubman Center for State and Local Government at Harvard University's Kennedy School of Government, as well as the Maxwell School for Public Affairs at Syracuse University. In 2011, he served as an appointee of Governor Cuomo to the Judicial Compensation Commission. His previous voluntary government experience includes service as chair of New York City's Rent Guidelines Board and the Westchester County Industrial Development Agency. He also served on the boards of the Federal Home Loan Bank of New York, the Municipal Assistance Corporation for the City of New York, and the United Nations Development Corporation.

Mr. Mulrow received an MPA from the Kennedy School of Government at Harvard University, and a BA from Yale University where he graduated cum laude and was a Rhodes Scholar Finalist.

HFA was created as a public benefit corporation in 1960, to finance low-income housing by raising funds through the issuance of housing revenue bonds and the making of mortgage loans to eligible borrowers. SONYMA is a public benefit corporation of the State of New York created in 1970; the agency's purpose is to create affordable homeownership opportunities for low- and moderate-income first-time homebuyers and other qualifying homebuyers.

New York State Homes and Community Renewal (HCR) consists of all the State's major housing and community renewal agencies, including HFA, SONYMA, The Affordable Housing Corporation, The Division of Housing and Community Renewal, Housing Trust Fund Corporation and others.

# # #