web
analytics
Quick Search Tags
Smith's Research & Gradings
Volume: 
XXIX
Issue: 
15
Author: 
September 27, 2021

Smith's Research & Gradings

A Farewell to Froehlich

A Farewell to Froehlich

Smith's Cadre of Affordable Housing Finance is sad to announce the passing of Richard Froehlich.  He was 57 years of age and died on Friday, September 24, 2021. "Rich was a good friend, a true champion of civil rights, and a leader of affordable housing," according to Terence M. Smith, Chairman of Smith's Research & Gradings.  He added, "Rich passed away almost six months after the death of his beloved husband, Joseph.  I believe he died from a broken heart."

Mr. Froehlich was First Executive Vice President and Chief Operating Officer of the New York City Housing Development Corporation (HDC) and all of its subsidiaries. HDC is a New York public benefit corporation dedicated to financing affordable housing in New York City. Mr. Froehlich joined HDC as its General Counsel in 2003 and was consistently promoted within the Corporation's legal department as well as its bond and finance departments. He has been a primary coordinator of HDC's award-winning preservation efforts that have led to the continued affordability of approximately 100,000 units of low- and middle-income housing in New York City. He has also been a leader in designing and implementing HDC's participation in Mayor Bill De Blasio's Housing New York plan to build and preserve 200,000 units of affordable housing in New York City. Mr. Froehlich was elected as a member of the Municipal Securities Rulemaking Board for a three-year term beginning October 1, 2014.

He is also an active lecturer on affordable housing and bond finance.  Mr. Froehlich spoke at Smith's Affordable Housing Finance Conferences, particularly on the subject of multi-family housing.

Rich received the industry's prestigious Lifetime Achievement Award in 2012 at Smith's Affordable Housing Finance Conference.

 

In 2012, Mr. Froehlich received the industry's prestigious Lifetime Achievement Award at Smith's Affordable Housing Finance Conference.

Mr. Froehlich was also an adjunct associate professor at Columbia University Graduate School of Architecture, Planning and Preservation and taught two courses on affordable housing finance and public finance, respectively.

Prior to joining HDC, Mr. Froehlich was Counsel at O'Melveny & Myers LLP in its New York City office, where his practice focused on real estate and public finance with a particular emphasis on affordable housing. He also was an Assistant Counsel at the New York State Housing Finance Agency. He is a graduate of Columbia College and Columbia University School of Law.

Take notice

Stay on top of the latest global news that can impact your investment strategy.

Continued Federal Infrastructure Investments Will Save Jobs and Grow the Economy Over the Next Decade: Economic Study

ASCE released its economic report on “Bridging the Gap.” The report describes the impact that the federal investment has had on the US Infrastructure needs.

Big Bucks for Infrastructure

The $1.2 trillion Bipartisan Infrastructure Framework, which has garnered the support of the Biden Administration, calls for billions in funding for traditional infrastructure.

State Budgets "Sound" According to Fitch

State budgets are in a sound position entering fiscal 2025, according to Fitch Ratings.

Subscribe Today to unlock insights that could impact you tomorrow!

With your monthly or yearly Subscription you will unlock online articles and have the ability to download the full PDF files for the publication.
SMITH'S RESEARCH & GRADINGS
$79.95 / Per Month
$850 / Year (Save 30%)
* Discounted Rates for Issuers and Governmental Entities

Smith's Research & Gradings focuses on the people, sectors and news that matter the most to you. Smith's analysis is an indispensable part of Wall Street and the world's capital markets. Our approach was inspired by the need for a consistent analytical approach across all asset classes.

THE GLOBAL ECONOMIC DOCTOR
$79.50 / Per Month
$850 / Year (Save 30%)
* Discounted Rates for Issuers and Governmental Entities

Let a subscription to The Global Economic Doctor provide you with access to sovereign news, analysis and insights. Concise and powerful, the Global Economic Doctor spans the globe, giving you a read on how today’s market developments and key players are impacting your business around the planet.