Alicia Glen Tapped to Lead City's Housing and Economic Development

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Alicia Glen has been named New York City's deputy mayor for housing and economic development.

Glen is currently a managing director at Goldman Sachs where she leads the Urban Investment Group that focuses on providing financing to under-served communities.Before she joined Goldman Sachs, Glen was an assistant commissioner for New York City's Housing Department from 1998 to 2002.

The deputy mayor shepherds the Administration's five-borough economic development strategy and job-creation efforts.

Glen will replace Robert Steel, the Deputy Mayor for Economic Development appointed by Mayor Bloomberg in 2010. Glen could face more challenges than her predecessor - she'll be expected to play the carrot and stick game, without the carrots. De Blasio has said he will end corporate subsides and tax breaks that by his tally cost the city $250 million a year. The new Mayor has also promised to create 200,000 affordable housing units.