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.