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nyc BLOG estate

Mayor Appoints New HPD Commissioner

Mayor Bloomberg named Rafael Cestero to serve as Commissioner of the Department of Housing Preservation and Development (HPD).

Cestero will replace Shaun Donovan, who was chosen by President Obama to be Secretary of the U.S. Department of Housing and Urban Development after serving as HPD Commissioner since 2004. Cestero is expected to begin in the position on March 16.

The New York City Department of Housing Preservation and Development is responsible for developing and preserving affordable housing through a variety of programs in areas like new construction, foreclosure prevention, housing code enforcement and emergency repair of privately owned occupied buildings.

As the largest municipal developer of affordable housing in the nation, HPD supports the repair, rehabilitation and new construction of hundreds of thousands of units of housing.

HPD is responsible for implementing Mayor Bloomberg’s $7.5 billion New Housing Marketplace Plan to create and preserve more than 165,000 homes and apartments in neighborhoods.

From July 2004 through December 2008, HPD, along with its for-profit and not-for-profit partners, has begun construction or renovation of 84,651 affordable housing units, 25,913 of which are homeownership units.


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