The State of New York has been getting help from a Wall Street insider to keep its affordable housing initiatives running smoothly. William Mulrow, a Senior Managing Director at the asset management firm Blackstone Group, chairs five agencies under the Homes and Community Renewal umbrella. Mulrow and his staff are charged with increasing and preserving investment funds to finance multifamily dwellings and back the state’s first-time homebuyer mortgage programs. For the past year, Mulrow has been drawing on his experiences within the public and private sectors to identify opportunities for growth. With Governor Andrew M. Cuomo’s support, Mulrow has broken down many of the walls that have prevented the HCR from operating efficiently in the past.
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