From City Limits: Opinion: Use NYC’s Public Pension Funds to Supercharge Affordable Housing Production and Preservation

From City Limits: Opinion: Use NYC’s Public Pension Funds to Supercharge Affordable Housing Production and Preservation ‘The next mayor and comptroller can speed New York City’s recovery by working with public employee pension funds to increase investment in affordable housing, as they have in response to previous economic distress.’


Andrew H. Wixom

Andrew Wixom has been actively involved as a developer and investor in the US and European real estate markets for over 25 years. In recent years he has managed investment and development in excess of $645mln. Andrew’s leadership experience includes private equity fund management, new and brownfield development and asset management. A major portion of his focus over the years has been in both the financing and development of multi-family and large urban regeneration projects with an emphasis on sustainability.

Andrew received his undergraduate degree at Haverford College and later earned his Masters’ Degree in Architecture from the University of Pennsylvania, Graduate School of Design.


Brent Lippincott

The Real Estate Consultants, After Earning a Bachelors in International Business and Marketing from California Polytechnic University in 2005.  Brent became enamored with real estate and dove right into the investing market, by investing and developing both long term rentals and short term real estate (Flips). Brent combined his business education and real estate knowledge to create The Real Estate Consultants to help buyers and sellers list and sell residential and commercial properties.  Brent understands the ins and outs of the residential and commercial market, he continues to provide his clients with his extensive Real Estate knowledge as well as the highest degree of customer satisfaction offering real estate services for today’s ever-changing market.

John Trauth

John Trauth is based in San Francisco and has spent his career in the affordable housing industry in various capacities.    Early in his career, he served as the Director of Planning and Evaluation for HUD Region IX covering California and five other western states as well as Hawaii, Guam and the Trust Territories of the Pacific Islands.

On the development side, he has created 29 affordable housing development corporations, primarily in California, including BRIDGE Housing in San Francisco (now the 14th largest housing developer in the US) and the Southern California Housing Development Corporation, now known as National Community Reinvestment Corporation (National CORE).

On the financing side, he served as Executive Director of the Development Fund based in San Francisco.  In partnership with Mike Lappin and CPC, and support from the Federal Reserve Bank of San Francisco, John created 8 state-wide replicas of the CPC consortia-based affordable housing financing program in California, Hawaii, Washington, Nevada, Idaho, New Hampshire and Florida.[1]  These banking consortia have now funded many billions of dollars in new affordable multifamily projects.

[1] Florida operates under a regional banking system, so the two Florida consortia covered the Orlando and Tampa-St Petersburg areas.


Paul Stern

Throughout the years my career has been multifaceted, from manufacturing and selling fashion merchandise, to operating a big box retail store as a Licensed Pharmacist, to owning and operating a clothing store and a restaurant. I began my career in real estate leasing walk-up apartments in the upper east side of Manhattan, then through personally investing and managing a portfolio of properties, and received my Real Estate Brokers License in the early 1980’s. I enjoy helping my fellow brokers understand their clients business and needs whether they are increasing the size of their business or downsizing. My business background of ownership and negotiations puts me in a unique position of being able to assist the start-up and the seasoned entrepreneur in leasing Office space, Retail space, and Buying Investment Property. I enjoy what I do every day, the industry never fails to fascinate me.