EVP for Real Estate Nicole Ferreira Receives Prestigious Award
On April 20, Chair & CEO Shola Olatoye presented Nicole Ferreira, Executive Vice President (EVP) for Real Estate, with the prestigious Citizens Housing Planning Council’s 2017 Ibo Balton Community Planner Award at the awards luncheon. This award recognizes individuals who rebuild and revitalize low-income communities.
Since her appointment as EVP for Real Estate in 2016, Ms. Ferreira has led NYCHA’s effort to build 10,000 new units of affordable housing and preserve 15,000 units of public housing through various financial programs.
Under her leadership, NYCHA closed one of the largest single Rental Assistance Demonstration (RAD) transactions in the nation at Ocean Bay Apartments in Queens last year. This transaction will contribute $60 to $80 million annually towards NYCHA’s operating deficit.
“Ibo Balton devoted his career to rebuilding and revitalizing low-income communities,” Chair Olatoye noted in presenting the award. “His accomplishments remind us how many lives can be enriched by the dedication of one outstanding individual. Today, following in Ivo’s footsteps, Nicole Ferreira is that individual.”
