While Mayor Bloomberg is furiously trying to push through as many projects as possible before his departure (the Midtown East rezoning, SeaPort City, making people take the stairs), his commissioners have, as commissioners are wont to do in the last months of an outgoing mayor’s term, been making arrangements for life after Bloomberg. New York City Housing Preservation and Development commissioner Mathew M. Wambua is the latest to depart, leaving to take a position as president of RHR Funding LLC, part of the Richman Group’s mortgage lending business, the agency announced today. He will be succeeded by deputy commissioner RuthAnne Visnauskas.
Mr. Wambua, who has held the position since the spring of 2011, inherited the task of bringing Bloomberg’s New Housing Marketplace Plan, which aimed to create or preserve 165,000 units, home, so to speak. The mayor’s office credits Mr. Wambua with creating or preserving 47,000 of those units during his time in the position. He also oversaw the first phase of the Hunter’s Point South affordable housing development, which with 5,000 units, will be the largest such complex built since Co-op City. Read More