New York, NY According to The Community Preservation Corp. (CPC), Richard Roberts, the managing director of acquisitions for Red Stone Equity Partners, LLC and a former commissioner of the New York City Department of Housing Preservation and Development, has joined the CPC board of directors.
“Richard Roberts has long been a champion of affordable housing and community development, and his work in the public and private sectors has helped to improve the lives of countless New Yorkers,” said Rafael Cestero, the president and CEO of CPC. “Throughout the course of his career he has used his expertise to help shape the policies and practices integral to the affordable housing industry. I am excited that Richard has agreed to join our board of directors, and share in our mission to address the housing and revitalization challenges facing communities in New York and beyond.”
During his nearly two decades working in affordable housing and urban market investments, Roberts has worked in the government, for profit, and nonprofit sectors. As Commissioner of the New York City Department of Housing Preservation and Development, which is one of the largest allocators of Low Income Housing Tax Credits in the country, he was responsible for investing over one billion dollars in New York neighborhoods, creating over 30,000 units of affordable housing. Previously, as the founding Managing Director of the Goldman Sachs Urban Investment Group, he devised and led a creative strategy that led to the establishment of the firm’s community development investment platform. In his current role as the Managing Director of Acquisitions at Red Stone Equity Partners, LLC, he assists in the origination and management of developer relationships in the Northeast, as well as the development of new business strategies for the firm.
Roberts works with a number of civic, philanthropic, and industry organizations in addition to CPC. He serves on the boards of Citizen’s Housing and Planning Council (Chair), the New York State Association for Affordable Housing (Executive Committee), and Habitat for Humanity – New York City. He holds both a B.A. and J.D. from Yale University.