The current economic turmoil is taking a tremendous toll. Home foreclosures are on the rise, market-rate condominium sales have stalled, owners of overleveraged developments are defaulting, and unemployment is increasing. This panel, hosted by the Center for New York City Affairs on Wednesday, September 16, explores the impact of the economic crisis on housing in New York City. Panelists will consider questions like: How are neighborhoods faring in the recession? Will Mayor Bloomberg’s market-driven incentives continue to work? Are there sufficient government resources to take advantage of declining real estate costs and other opportunities? What’s working, and what’s next?

The panel will be moderated by Manny Fernandez, reporter for the New York Times. It will include Rafael Cestero, commissioner of the New York City Department of Housing Preservation and Development; Martin Dunn, president of Dunn Development Corporation; Gary Hattem, managing director of the Community Development Finance Group, Deutsche Bank Americas Foundation; and Ismene Speliotis, executive director of New York ACORN Housing Company, Inc.

The panel is supported by the Milano Foundation and the Sirus Fund and will take place from 8:30 to 10:30 a.m. in the Theresa Lang Community and Student Center, located in Arnhold Hall, 55 West 13th Street, 2nd floor. Admission is free, but seating is limited and reservations are required. To reserve a spot, call 212.229.5418 or email centernyc@newschool.edu.