October 8, 2019
2019 New York State Rural Housing Coalition Conference – The Joint Ownership Entity (JOE NYC) Workshop with Goldstein Hall’s David Goldstein

The Joint Ownership Entity (JOE NYC) panel at this year’s Affordable Housing and Community Development Conference led by Goldstein Hall partner, David Goldstein, discussed how CDCs can collaborate to maintain scale and financial heft to remain competitive and profitable in today’s housing market looking at the Joint Ownership Entity (JOE NYC), a joint ownership and asset management structure for property owned by 11 nonprofit CDCs. JOE leverages their mission-driven, community-based expertise city-wide, allowing them to achieve greater scale. JOE can enhance the viability of CDCs, helping to preserve existing developments for long-term affordability and acquire and develop new projects and opportunities for nonprofit ownership of affordable housing. During this discussion the idea of joint ownership for CDCs in upstate New York was explored.