Mayor-elect Bill de Blasio appointed Alicia Glen, the current head of the Urban Investment Group (UIG) at Goldman Sachs, as his new Deputy Mayor for Housing and Economic Development.

According to a press release from de Blasio’s Transition NYC site, Glen will lead in the administration’s efforts to invest in emerging industries across the five boroughs, re-target unsuccessful corporate subsidies, build a new generation of affordable housing and help New Yorkers secure good-paying jobs.

“Mayor-Elect de Blasio and I share the same vision…And we believe that with the right policies, we can raise the floor on workers’ wages, develop and preserve more affordable housing and give families a shot to make it here,” said Glen.

As head of Sachs’ UIG, Glen was authorized to form partnerships and create projects in low income neighborhoods, one of which being a partnership with Bloomberg administration to fund the popular share bike program CitiBike. Earlier this year the Amsterdam news reported that these bikes were predominantly in white communities despite the clear need for them elsewhere. These partnerships are called “social investments,” designed to create value by investing in social problems like poverty. In 2011, she developed Kalahari Two, a condominium on West 116th Street in Harlem to compensate for the mix incomes and diversity in the neighborhood- making housing affordable for Harlem natives who make an average salary like teachers.

Glen also served as the Assistant Commissioner for Housing Finance at the New York City Department of Housing, Preservation and Development (HPD) from 1998 to 2002.

De Blasio also announced Laura Santucci, the current Executive Director of his transition team and acting Executive Director of the Democratic National Committee (DNC), as Chief of Staff. From 2009 to 2011, Santucci served as a special assistant in the White House’s government relations industry.