Respecting the past, Building the future

Real Estate Development, Affordable Housing and Finance

Nothing gets built without Financing!

Whether public or private, funds to cover construction costs of projects is the most important
aspect of how our communities grow.

And whether a developer enlists Banks or other formal lending institutions, Private lenders,
Capital Investors, Govt and Unions pension Funds, etc.), or public funding from the government, all
applicable funding sources must agree to a project for it to move forward! Each has its pitfalls
and positives, and understanding each and how they are applied is essential to understand the
feasibility of a project.

Some of the most important decisions made by citizens through their council representatives is
regarding the type of housing, commercial, and manufacturing stock we create. And it is
imperative that we all understand the parameters needed. Only then can our communities
grow in a positive fashion for all residents. Only then can we each make informed decisions.

To this end, OANA hosted an informational presentation on Development and Finance by NYU Wagner
Adjunct Professor Leon Hovsepian. We urge everyone to check it out!

If you have any questions, please email us at Feedback@oana-ny.org: Put “Real Estate Finance” as
a subject. We also look forward to your comments.

Watch the April OANA meeting presentation from NYU Wagner Adjunct Professor Leon Hovsepian

Mr. Khuzami has been a member of Community Board 1 in Astoria, NY for the last 20 years. He sits on the Zoning and parks Committees and is on the Executive Board. Previously, he served as Parks and Culture chair of Community Board 1 for eleven years and also chaired Capital and Expense priority Committee. He is a member of the Queens General Assembly and had been a panelist for grant submissions for the Queens Council on the Arts (QCA). Richard also is an officer of The Eastern Mediterranean Business Culture Alliance (EMBCA) and President of OANA.

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