De Blasio Picks Goldman Sachs Exec to Head Housing, Development


    Yesterday mayor elect Bill de Blasio announced Goldman Sachs exec Alicia Glen will be his deputy mayor for housing and economic development, a key appointment for a pol who has pledged to end the economic divide in New York City. Questions were immediately raised about her current position working for one of the highest-paying companies in the city.

    “I don’t care about any stereotypes or assumptions,” The New York Times quoted de Blasio as saying in response to questions about her Goldman employment. “I care about who shares my values and can get the job done.”

    Glen was assistant commissioner for housing finance at the Department of Housing Preservation and Development under Mayor Giuliani. At Goldman, Glen “runs a division that focuses on good works,” as the Times put it. Goldman’s Urban Investment Group helps finance projects in neighborhoods that have difficulty attracting loans and investment. Projects have included a program to reduce recidivism among ex-convicts; Citi Bike; and development of manufacturing, retail and office space at Brownstoner’s 1000 Dean Street in Crown Heights.

    De Blasio Taps a Goldman Executive as Deputy Mayor of Housing [NY Times]
    Photo by Colby Hamilton for DNAinfo

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