Contacts: Shelia Martin

Housing Partnership Development Corporation (646) 217-3382

For Immediate Release Idan Sims Sims & Associates, Inc. (917) 940-7876 or (212) 725-3838

Derrick D. Cephas Joins Housing Partnership Board

New York, NY, July 29, 2013--Derrick D. Cephas has been elected to the Board of

Directors of the Housing Partnership Development Corporation.

Mr. Cephas, is a partner at Weil, Gotshal & Manges, LLP, where he heads the law firm's

Financial Institutions Regulatory practice group and is a member of its Financial

Regulatory Reform Working Group.

Mr. Cephas served as the New York State Superintendent of Banks from 1991 to 1994.

“The Housing Partnership is proud that Derrick Cephas has been elected to our board.

His extensive experience and impressive expertise are invaluable as we fulfill our mission

and continue our three decade traditions of expanding work force housing opportunities

for New Yorkers” said Dan Martin, President and CEO of the Housing Partnership.

Prior to joining Weil, Gotshal, Mr. Cephas served as President and Chief Executive

Officer of Amalgamated Bank. Earlier, he was a banking and corporate law partner at

Cadwalader, Wickersham & Taft.

Mr. Cephas has significant experience in public policy matters relating to the banking

industry. He is a former member of the Board of Directors of the Dime Savings Bank of

New York, Merrill Lynch International Bank and D.E. Shaw & Co. Inc. He is currently a

director of the Fresh Air Fund, Empire State Development Corporation, the New York

Public Asset Fund and Trevor Day School.

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Mr. Cephas graduated from Harvard College in 1975 and from Harvard Law School in

1979.

The Housing Partnership, a not-for-profit organization, serves as New York City's

primary intermediary for the development of new and rehabilitated affordable housing on

both public and private sites, producing over 30,000 units in its 30 year history.

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