Emily Youssouf: NYCHA Board Member Biography by JasonMatthews6


									                             Biography of Emily A. Youssouf

Emily A. Youssouf is a veteran in the fields of finance and housing, with an extensive
background of more than 30 years of leadership positions and strong results in the private
and public sectors. Her background encompasses a wide breadth of experience with complex
financial instruments as well as turnarounds of troubled organizations.

 Ms. Youssouf is currently a Clinical Professor at NYU’s Schack Institute of Real Estate, a
master’s program in real estate where she teaches courses in Real Estate Capital Markets,
Affordable Housing Finance and is the curriculum coordinator for the finance track. She is
also consulting; her clients have included the Rockefeller Foundation, the New York City
Partnership, Washington Square Partners and Metropolitan Community Partners.

Previously Ms. Youssouf was a Managing Director at JP Morgan Securities where she was
head of the Housing Finance Department.

In 2003, Ms. Youssouf was appointed President of the New York City Housing Development
Corporation (HDC) by Mayor Michael R. Bloomberg. She brought to HDC an extensive
investment banking background in housing finance, loan securitization, and structuring
innovative financing strategies. Under her direction, HDC was turned around from a
troubled public benefit corporation to become the number one issuer of multi-family
affordable housing bonds in the country for 2004 through 2007.

During Ms. Youssouf’s tenure, HDC issued $7 billion in bonds, financed 37,000 units of
affordable housing in NYC and total assets increased from $2.3 billion to $9 billion. She
successfully restructured the corporation, established a risk committee, and a credit
department; and greatly improved the organization’s governance by strengthening its board

Prior to joining HDC, Ms. Youssouf served as the President of Natlis Settlements, LLC, a
specialty finance company, where she sourced institutional financing alternatives and led the
company in achieving an A-rating on an innovative financing structure from a major rating

Before joining Natlis, Ms. Youssouf held various senior positions over a 25 year period at
Credit Suisse First Boston, Prudential Securities and Merrill Lynch. Her responsibilities
covered a wide range of companies and asset classes including securitization of residential
and commercial mortgages, auto loans, and airplane leases to investing firm’s money into
principal transactions. During her tenure at Merrill Lynch, she was a Managing Director in
the Housing Finance Department where she was responsible for securing and syndicating
mortgage and asset backed securities.

Ms. Youssouf began her financial services career at Standard & Poors where she was Vice
President of the Tax-Exempt Housing Finance Group, specializing in tax-exempt bond
finance for both multi and single family housing. She also developed S&P rating criteria for
Section 8 Housing Bonds and for single-family Mortgage Revenue Bonds.

Ms. Youssouf is a member of several civic and charitable boards including those of the
Citizens Budget Commission; the Citizen’s Housing and Planning Council; Milano The New
School for Management and Urban Policy; the New York City Health and Hospitals
Corporation, where she chairs the Audit Committee and is a member of the Capital and
Finance Committee; the new York City School construction Authority and the New York
State Job Development Authority.

Ms. Youssouf is a graduate of Wagner College with Honors, and holds an MA in Urban
Policy Analysis and Management from Milano The New School for Management and Urban

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