11/22/08

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New REBNY chairman to focus on affordable housing

Stephen Ross, the new chairman of the Real Estate Board of New York, will tackle affordable housing head-on when his tenure begins on Jan. 1, says Steven Spinola, president of the trade group. "It's clear that housing is going to be a significant issue in terms of the city providing affordable housing," Spinola said. "Stephen has a built-in expertise and knowledge that will make it helpful to serve as a leader."

"Remember, REBNY is the voice of the industry, not just of me," Ross said.

Ross is one of the most active developers in the city and has served on REBNY's executive committee for more than a decade. He's also on the board of the Guggenheim Museum and is a trustee for several nonprofit organizations. His company, the Related Companies, built the Time Warner Center and has a $10 billion development portfolio.

"Ross has the energy and knowledge of the market, and he is also committed to leading REBNY into playing more of a role as a partner with the city," Spinola said.