This Is How Andrew Cuomo Appointee Juggles Work, Life

To say that Bill Mulrow loves education is a bit of an understatement. He was an honors graduate and Rhodes scholarship finalist at Yale University who went on to earn his master’s degree in public administration from the John F. Kennedy School of Government. He believes people should put their education to good use. During the 30 years following his academic career, Mulrow rose to the top of his profession as a leading expert in public- and private-sector finance and investment banking at such prestigious organizations as Blackstone Group, Citigroup Global Markets Inc., Paladin Capital Group, Gabelli Asset Management, Rothschild Inc. and Donaldson, Lufkin and Jenrette Securities Corporation.

His professional career has seen him rise to the position of senior managing director at the Blackstone Group as a nationally recognized expert in public- and private-sector finance and investment banking. Mulrow’s success in the business world has not quelled his desire to contribute his ample talents to service in the public sector. He was appointed by Governor Andrew Cuomo to serve as chairman of the New York State Housing Finance Agency and the State of New York Mortgage agency. Both agencies play roles in the state’s efforts to assist low- and middle-income families to obtain affordable housing in the state.

Mulrow has also held positions as a director of the Federal Home Loan Bank of New York, director of the United Nations Development Corporation, chairman of the Westchester County Industrial Development Agency, chairman of the New York City Rent Guidelines Board and as a member of the board of Hudson Valley Bank. As an active member of the Democratic Party in New York, Bill Mulrow has served as its vice chairman. He also ran for the office of New York State Comptroller.

As chairman of the HFA and SONYMA, Mulrow oversees two key agencies in the push to develop affordable single and multifamily housing in New York. One way in which this is being done is through the SONYMA mortgage programs that offer eligible first-time homebuyers low interest rate loans to purchase and rehabilitate single-family residential properties.

The HFA efforts to increase the inventory of low-income multifamily housing units in New York focus on assisting developers with low cost financing and tax credits to offset the cost of borrowing money to acquire, build or rehabilitate rental properties. HFA programs are aimed at the areas of the state where demand for low-cost housing is the most critical.

Although his busy schedule would appear to leave little time for anything other than work, Mulrow believes in the importance of committing time to his family. In addition to traveling with his wife and three children, Mulrow also coached a local youth soccer team, roots for his beloved New York Giants and is a lifelong fan of the New York Yankees.

Helping Struggling New York Residents Become Homeowners

Making affordable housing available to all New York residents is one of the goals of the current administration in the state capitol in Albany. The selection of Bill Mulrow by Governor Cuomo to head the New York State Housing Finance Agency and the State of New York Mortgage Agency put a nationally recognized expert in public and private finance and investment banking in charge of key agencies to lead the state’s housing recovery. The governor’s appointment was approved by a unanimous vote of the State Senate.

As the Chairman of the state’s Housing Finance Agency, Mulrow also serves as Chairman of the Affordable Housing Corporation, the State of New York Municipal Bond Bank Agency and the Tobacco Settlement Financing Corporation. The agencies under his leadership and guidance are involved in the creation, preservation and financing of housing in New York.

Throughout his professional career, he has proven himself to be a visionary with a keen sense of getting the details right. As a Senior Managing Director at the Blackstone Group, a leader in alternative asset management, Mulrow has developed a knack for creating new investment strategies to meet the needs of investors. His work in the private sector translates well to his role as head of the public agencies in New York most responsible for designing mortgage-financing programs to make the dream of homeownership an affordable reality for residents of the state.

Where Would He Be Without Yale and Harvard?

Bill Mulrow hasn’t forgotten just how much his education has contributed to making him the success he is today. His achievements as one of the leading public and private finance and investment banking experts in the United States have earned him high praise and honors. But he understands that the foundation for his 30-year professional career was built at academic institutions such as Yale University, where he got his bachelor’s degree, and through his post-graduate work at Harvard University’s prestigious John F. Kennedy School of Government.

Mulrow excelled academically at Yale University where he graduated with academic honors and was named as a finalist for the Rhodes scholarship. He sought a career that would bridge the private and public sectors of finance and investment banking, so he pursued his master’s degree in public administration at the John F. Kennedy School of Government at Harvard University.

Bill Mulrow strives to give back to the education system that helped him so immensely. He has made time in his busy schedule to serve on the boards at the Fordham Preparatory School, the Taubman Center for State and Local Government at the John F. Kennedy School of Government at Harvard University, the Maxwell School of Citizenship and Public Affairs of Syracuse University and the Bronxville School Foundation.

Going the Extra Distance to Help New York

Admired and respected as one of the most knowledgeable and busiest men in public- and private-sector finance and investment banking, Bill Mulrow has won praise and accolades for his service to his local community and to the State of New York. In addition to his current service as Chairman of the State of New York Mortgage Agency and the New York State Housing Finance Agency, he has also accepted numerous other government appointments when his services were needed.

He has been a member of the Board of the United Nations Development Corporation and the Federal Home Loan Bank of New York. Locally, Mulrow served as Chairman of the Westchester County Industrial Development Agency and Vice Chairman of the Westchester County Deferred Compensation Board. When New York City asked for his assistance, he answered by serving as Chairman of the New York City Rent Guidelines Board and as a board member of the Municipal Assistance Corporation of the City of New York.

Although he does not seek recognition for his public-service accomplishments, he has received a humanitarian award from the North American Boards of Rabbis, an award for civic leadership from Whitney Radio and the Roy Wilkins Humanitarian Award from the New York State NAACP for his work with these and other organizations. Mulrow has also served on the boards of the Bronxville School Foundation, the National Civic League, the Citizens Budget Commission, HELP USA, PENCIL and the Securities Industry Association of the New York Region.

Turning a 78-year-old Racetrack in a New Direction

Turning a 78-year-old thoroughbred racetrack with declining attendance into a profitable enterprise is a challenge that few people would be willing to take on. As one of the leading experts in public and private finance, Bill Mulrow assumed the position as Chairman of the Board of Sterling Suffolk Racecourse. Under his guidance and leadership, Sterling Suffolk Racecourse is partnered with Mohegan Sun who is positioned as one of the leading contenders to become an operator of one of the first casinos licensed to be granted in the Commonwealth of Massachusetts.

He not only helps Sterling Suffolk Racecourse, but he also oversees the creation, preservation and financing of housing for New York residents as Chairman of the Housing Finance Agency and the State of New York Mortgage Agency. Living up to his reputation as one of the busiest men in the field of finance, Mulrow is also employed at Blackstone Group, where he holds the position of Senior Managing Director.

The Personal Side of Bill Mulrow

Although most know Bill Mulrow as a leader in the field of public finance and investment banking, he also enjoys spending time with his family and engaging in his favorite recreational activities. A dedicated sports fan, he takes time out to cheer for Yale University sports teams and enjoys rooting for the New York Knicks, the Giants and, of course, the Yankees. He is an avid reader and spends some of his free time engrossed in the latest Dan Brown novel or modern biography. He also enjoys historical fiction and nonfiction. An inveterate traveler, Mulrow has recently taken in the sights in Vienna, Florence, Rome and closer to home in Nantucket.

Celebrated for Excellence

One of the top investment executives and public finance experts in the United States, Bill Mulrow has earned his share of awards and recognitions during his career in the financial services arena. Some of his proudest achievements, however, are the honors he has received from civic organizations. These include the Roy Wilkins Humanitarian Award of the New York State NAACP, the Humanitarian Award of the North American Boards of Rabbis and the Civic Leadership Award of the Westchester County-based Whitney Radio Group. His work with these organizations complements his ongoing commitment to public service as demonstrated by his current status as chairman of three major New York housing agencies.

Continued Commitment to Public Finance

Having served in numerous public sector positions that have included board positions for the United Nations Development Corporation and the Municipal Assistance Corporation for the City of New York, Bill Mulrow is currently the chairman of three New York State housing agencies and is a respected authority in the field of public finance.

Juggling Public, Private Sector Positions

One of the busiest men in New York has answered yet another call to public service. Investment banker and finance executive Bill Mulrow currently serves as the Chairman of three separate New York State agencies devoted to housing for residents of the state. He also maintains employment as a Senior Managing Director with the Blackstone Group, the global leader in alternative asset management and investment. In addition, he is the Chairman of the Board for the Sterling Suffolk Racecourse.