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Wrong Shola Olatoye?

Ms. Shola Olatoye

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New York City Housing Authority

250 Broadway

New York City, New York 10007

United States

Company Description

The New York City Housing Authority's mission is to increase opportunities for low- and moderate-income New Yorkers by providing safe, affordable housing and facilitating access to social and community services. To that end, NYCHA administers a Convention ... more

Find other employees at this company (2,449)

Background Information

Employment History

Vice President and New York Market Leader

Enterprise Community Partners , Inc.

Vice President

HSBC plc


HR&A Advisors Inc

Chair and Chief Executive Officer



Board Member
Council of Large Public Housing Authorities

Board Member

Board Member
The Center for New York City Neighborhoods , Inc.

Fund Member
new york city acquisition fund llc

Lifetime Member
Delta Sigma Theta Sorority , Inc.

Board Member
The Network

Board Member
Supportive Housing Network

Alumna Member of the Board
Wesleyan University


Crosby High School

Master of Public Administration

New York University.

bachelor's degree


Wesleyan University

bachelor’s degree


Wesleyan University

Web References (176 Total References)

About Us [cached]

Board Chair Shola Olatoye is also the Chair & Chief Executive Officer of NYCHA.

Prior to her NYCHA leadership, Ms. Olatoye was Vice President and New York Market Leader for Enterprise Community Partners, a national nonprofit that has helped build or preserve more than 44,000 affordable homes for lower-income New Yorkers and has invested more than $2.5 billion in and around the city. She also served as a Vice President and Senior Community Development Manager at HSBC Bank and a Director of HR&A Advisors, Inc., a real estate and economic development consulting firm.

NYCHA Tenants Pack Brownsville Church to Demand Repairs | María Villaseñor [cached]

More than 400 tenants from housing developments in Brooklyn, the Bronx and Manhattan gathered to make sure their voices were heard by NYCHA Chairwoman Shola Olatoye.

Those two advocacy groups, and several other churches and nonprofits involved with the coalition known as Metro Industrial Area Foundation-NY, coordinated the meeting between Olatoye and the tenants.
Olatoye, NYCHA's chairwoman, heard the tenants' complaints and warned the audience the fix would not come quickly.
"This has been a 30-year decline and disinvestment in public housing," Olatoye said. "The solutions, as I'm sure you all can tell me and tell each other, are not going to happen overnight."
Olatoye said NYCHA would need about $16.5 billion to make all the repairs and improvements needed. "It's going to take a lot of money," she said.
"He might even show up on time" - a line that drew a hearty laugh from the congregation - "and start fixing NYCHA and supporting Shola Olatoye."

NYCHA Info [cached]

Shola Olatoye

NYCHA Vice-Chairman

News & Events [cached]

NYS Law School -CityLaw Breakfast featuring Shola Olatoye, Chair & CEO, New York City Housing Authority

NYCHA will build on ‘hot’ East Side, chief assures | East Villager & Lower East Sider [cached]

In an interview with the editorial staff of The Villager and NYC Community Media last Friday, Olatoye laid out some of the major features of that new 15-point plan, NextGeneration NYCHA, including, most notably, the authority's intention to build new housing that is 50 percent affordable and 50 percent market rate on open land within existing NYCHA developments in "hot" neighborhoods.

In September, the sites of the first two of these "50/50" so-called "infill" projects were announced - NYCHA's Wyckoff Gardens in Boerum Hill / Gowanus, Brooklyn, and Holmes Towers on the Upper East Side, which would respectively see up to 650 and 400 new units built on their grounds under the plan.
Currently, those are the only two projects in the pipeline for this program. However, when asked by The Villager if the authority - as it had done under Bloomberg - would set its sights once again on the open spaces in East Village and Lower East Side public housing developments for these mixed-income projects, Olatoye said, yes, definitely.
"We're doing it in areas where there are strong real estate markets," she explained.
It might not be tomorrow, but NYCHA will certainly be looking to build within the East Village and Lower East Side housing developments, she said.
"Oh, they will be - eventually," she said.
As under the previous, scrapped Bloomberg plan, the city-owned land for the new towers would be leased long term to the developers, since NYCHA cannot sell its land, Olatoye noted.
Shola Olatoye, the chairperson of NYCHA, speaking with NYC Community Media's editorial staff last week.
"This is going to be a massive amount of development," Olatoye said. "In totality, the development program as a whole [would generate] $300 million to $600 million [in revenue for NYCHA]."
Many of the authority's developments were constructed in the mid-20th-century "towers in the park" style, which leaves open space to build on, Olatoye noted.
Olatoye continued.
Speaking in February, Olatoye had assured that the deal would not lead to the buildings' future privatization.
I think fear, unfortunately, is a terrible place to start," Olatoye said.
Olatoye noted that, technically, Campos Plaza and the other buildings in this deal were "not public housing," in that they were both owned and administered by NYCHA under the Section 8 program. They were "incredibly expensive" for NYCHA to run, she said. Public housing, on the other hand, is known as Section 9.
Huge cash upfront "Our ability to partner with a developer provided a huge upfront cash payment to the authority that allowed us to actually balance our budget for the first time in 15 years last year," she said of the deal involving Campos and the other buildings. "It also will allow for more than $80 million of capital repairs that would not otherwise have gotten done in those 10 housing projects.
"I live two blocks from one of them, I can see the development happening," said Olatoye, an East Harlem resident.
On another issue, Olatoye was asked about a rape last month at the Baruch Houses that saw the criminal gain entry to the building through a front door with a constantly broken lock. What can be done, she was asked, to ensure that these locks are fixed in a timely manner to ensure tenants' safety?
"Horrible, horrible incident," Olatoye said. "Thankfully, cameras were working.

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