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The Essential Tools for Building Affordable Housing with Eli Weiss of Joy Construction
Manage episode 406415035 series 3480555
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In this episode, we sit down with Eli Weiss, Principal of Joy Construction Corp., a key player in New York City's dynamic housing landscape. Eli, a native Brooklynite, shares his insightful journey into the world of real estate, starting with his formative years at the New York City Housing Development Corporation (HDC), where he worked on subsidized affordable housing transactions, witnessing first-hand the critical importance of synergistic public-private partnerships for fostering sustainable housing growth.
After transitioning into the private sector, Eli expanded into construction and worked on affordable housing and other types of real estate developments. Throughout our discussion, he explains the strategic significance of real estate proximity to transportation and the dire need for ongoing housing production, an issue made more acute by the lapse of the 421-a real estate tax exemption.
Eli speaks openly about the array of challenges faced when building in New York City's current environment, from soaring interest rates to community opposition and political obstacles. He also shares personal stories of determination, including how he navigated the repercussions of a judicial ruling that annulled the Inwood rezoning previously approved by the City Council (a decision that was later overturned).
Join us as we delve into Eli’s illustrious career and how his steadfast commitment to creating affordable housing is Shaping the NYC Skyline.
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