Richard Froehlich is Chief Operating Officer, Executive Vice President and General Counsel of the New York City Housing Development Corporation and all of its subsidiaries. HDC is a New York public benefit corporation dedicated to financing affordable housing in New York City. Mr. Froehlich joined HDC as its General Counsel in 2003 and now directs the Corporation’s legal department as well as its bond and finance activities. Mr. Froehlich has been a primary coordinator of HDC’s award-winning preservation efforts that have led to the continued affordability of approximately 85,000 units of low and middle income housing in New York City. He has also been a leader in designing and implementing HDC’s participation in Mayor Bill De Blasio’s Housing New York plan to build and preserve 200,000 units of affordable housing in New York City.
Mr. Froehlich was elected as a member of the Municipal Securities Rulemaking Board for a three year term beginning October 1, 2014. Mr. Froehlich is an adjunct professor at Columbia’s Graduate School of Architecture, Planning and Preservation and teaches two courses on affordable housing finance and public finance. He is also an active lecturer on affordable housing and bond finance. Prior to joining HDC, Rich was Counsel at O’Melveny & Myers LLP in its New York City office, where his practice focused on real estate and public finance with a particular emphasis on affordable housing. He also was an Assistant Counsel at the New York State Housing Finance Agency. He is a graduate of Columbia College and Columbia University School of Law.
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