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.