The New Jersey Redevelopment Authority appointed Rose Farias as executive director and chief executive officer, effective immediately.
Announced March 19, it marks a leadership transition at NJRA, as longtime leader Lisa Andersen prepares to retire.
To ensure continuity, Anderson will remain with the organization as deputy chief executive officer through April 1. Farias steps into the role with extensive experience in redevelopment, public administration and legislative operations.
She most recently served as deputy executive director of the New Jersey Senate Majority Office. And became the first Latina to hold the position. Previously, Farias held leadership roles with the Casino Reinvestment Development Authority (CRDA).
She also worked at the Department of Community Affairs earlier in her career. At DCA, Farias previously focused on policy initiatives in Atlantic City. She also served in roles focused on urban policy and research.
Mission oriented
NJRA is housed within the Department of Community Affairs. The multimillion-dollar independent financing authority works to transform urban communities through direct investment as well as technical support.
DCA Commissioner Jacquelyn Suárez highlighted Farias’ background and approach.
“Rose Farias brings deep experience in redevelopment and a strong understanding of the opportunities and challenges facing New Jersey’s urban neighborhoods,” said Suárez. “Her work in Atlantic City reflects a commitment to thoughtful planning, strategic investment, and responsible redevelopment.
“I look forward to working with her in this new role as she leads the NJRA and continues the important work of supporting community revitalization and economic growth across the state.”
Farias emphasized the importance of the role and the agency’s mission moving forward. She described it as an honor to lead at this pivotal moment for the state.
“I am grateful to Gov. [Mikie] Sherrill and Commissioner Suárez for their trust and leadership, and proud to carry forward a mission aligned with their commitment to improving the lives of all New Jersey residents,” said Farias. “As New Jersey faces a critical need for affordable housing, I am committed to advancing solutions that expand access and strengthen communities. Guided by NJRA’s focus on creating value in urban communities through strategic, neighborhood-based investment, I will work to position NJRA as a driving force for sustainable redevelopment across the state.
“Together, with our partners, we will expand opportunity, promote equity, and ensure every community can grow and thrive for generations to come.”
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