LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
The Municipal Housing Authority for the City of Yonkers announced earlier this month the appointment of Wilson Kimball as president and CEO. Kimball succeeds Joseph Shuldiner, who is retiring after having served as MHACY executive director for the past 13 years.
Kimball, whose appointment is effective April 13, has served as Commissioner of Planning and Development for the City of Yonkers since 2013. Under her leadership, the city has undergone a remarkable economic renaissance with more than $4 billion in private investment, more than 10,000 renovated, rehabbed or new apartments including more than 3,000 affordable units and more than 500 new hotel rooms. Yonkers has also won 26 grants valued at more than $20.7 million for crucial capital projects such as the Saw Mill River Daylighting Phase 1, 2 and 3, the Ashburton Avenue corridor and Putnam Rail Trail.
Prior to her tenure as Yonkers Planning Commissioner, Kimball served as senior vice president of operations for the Hugh L. Carey Battery Park City Authority in New York City. She has also served as Counsel to First Lady Libby Pataki advising her on policy issues including economic development, women and children’s health and tourism.
Kimball holds a BA in Government from Skidmore College and an MBA in finance from Pace University Lubin School of Business. She also holds a JD from Fordham University of School of Law where she was named Stein Scholar and editor of the International Law Journal. A resident of Yonkers, Kimball currently serves on the boards of the Business Council of Westchester; Yonkers Industrial Development Agency; Community Planning Council and Philipse Manor Hall.
As part of the leadership transition at MHACY, it was also announced that Carlos Laboy, who has served as deputy executive director of MHACY since 2014, has been named chief operating officer. Prior to joining MHACY, Laboy served as executive vice president for operations for the New York Housing Authority. Laboy, who is a Yonkers resident, has nearly 30 years of experience in public housing operations including serving as executive director of Puerto Rico Public Housing Administration in San Juan.
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