City of Albany Mayor Kathy Sheehan Appoints Capitalize Albany President to New Task Force Studying Housing Affordability

April 21, 2016

Her expertise will help the group navigate development economics, find implementable solutions that work for both the neighborhoods and the development community. Albany Mayor Kathy M. Sheehan announced yesterday that she has appointed a new task force on housing affordability that will consist of Albany housing experts as well as community stakeholders, including landlord and tenant representatives.

Capitalize Albany Corporation frequently works on affordable housing projects. In recent years the Corporation has assisted with catalyzing $75.95 million of investment in more than 364 units. With the exciting announcement the Corporation is looking forward to finding new ways to ensure Albany is providing housing that is accessible to its existing population, while raising the City’s quality of life, available amenities and services.

The Common Council passed legislation on January 4, 2016, that requires this Task Force to examine the availability of affordable housing in Albany and to recommend initiatives to address specific housing needs. The Task Force is required to meet at least four times per year and must report to the Mayor and the Albany Common Council twice per year.

More information about the Task Force can be found at