Jerry Salama develops and manages affordable commercial and residential projects in Harlem, including gut rehabilitation of occupied low-income housing with tax credits and new construction middle income-homeownership and rental housing. He is currently developing a new construction 340,000 square foot commercial and non-profit community facility on the site of the abandoned Taystee Bakery in West Harlem. Back in 2000, Mr. Salama created and administered the first-ever equity fund for the acquisition and stabilization of affordable housing throughout New York City’s low-income communities. He has served as the Deputy Commissioner for Housing Management and Sales of the New York City Department of Housing Preservation and Development (HPD) where he supervised property management services for 36,000 City-owned housing units and designed and implemented new programs for the financing, rehabilitation and sale of these buildings. Mr. Salama was also a real estate lawyer at the firm of Paul, Weiss, Rifkind, the Acting General Manager (Chief Operating Officer) of the New York City Housing Authority and Counsel to the Deputy Mayor for Finance and Economic Development.
At NYU, he is an Adjunct Professor of Law, teaching a course on Land Use, Housing and Community Development in New York City with Prof. Sarah Gerecke. He has published studies on the redevelopment of public housing under the HOPE VI Program and on reducing the cost of new housing construction in New York City through the Furman Center for Real Estate and Urban Policy. He also worked with Professors Vicki Been and Ingrid Gould Ellen on the development of the Subsidized Housing Information Project (SHIP) created at the Furman Center. Mr. Salama is a graduate of Harvard Law School, the Kennedy School of Government and the University of Pennsylvania.
This interdisciplinary seminar brings together law, urban planning and public policy students to analyze historical and contemporary trends in affordable housing, community development, land use, and housing finance using New York City as a laboratory that is both unique from, and similar to, other American cities. The course focuses on housing/community development policy, real estate and mortgage financing, subsidies, community participation, environmental impact, and neighborhood change such as gentrification and displacement, with particular emphasis upon how issues of race, poverty, and the economic climate affect federal, state, local and community responses. We will discuss the causes and consequences of government intervention in housing and neighborhoods, developing tools for students to determine the need for public intervention, the optimal design and financing of housing and community development programs, and how to evaluate success.
A field trip is planned. Each student will complete a group project on a cutting-edge community development issue requiring research, limited interviews with key stakeholders and thoughtful policy recommendations. The grade will be based upon class participation, a financial exercise, the group project paper and a presentation.
This course requires an application. Registration directions can be found at the following link - http://wagner.nyu.edu/courses - in the course highlights section.
The course is taught at the School of Law.