Comptroller follows through with $300M affordable housing investment
Last spring, New York City Comptroller Mark Levine’s unveiled plans to use the city’s public pension funds to invest $4 billion over the next four years in affordable housing development. Levine is making the first allocation in that plan. The municipal pension funds are investing $300 million into the AFL-CIO Housing Investment Trust, Gothamist reported. The trust has helped to build more than 44,000 units in the city in the last four decades and has another 10,000 units in the financing pipeline, including an unnamed Brooklyn co-op development. “This is a dramatic increase in the pace of investment because the […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Floor & Decor Announces 2027 Floor Design Trends And
Tile Of The Year
Inside A $17.5 Million Rustic-Luxe Compound In Whitefish,
Montana
The Creative Hurdles Of Historic Building-Into-Hotel
Conversions
Toll Brothers buys two properties next to Brandon Miller’s
former development site
Comparing Short-Term Rental Insurance? 5 Questions That
Reveal What You’re Actually Looking At
Property Winterization for Landlords: How to Keep a Frozen
Pipe From Becoming a Denied Claim
What is Micro-Moving? Embracing a Simpler Way to
Relocate
Gas leak, evacuations at controversial Arrow Linen
redevelopment
How to Make a Counteroffer When You Think Your Home Is Worth
More
Investment Property Red Flags: 6 Things to Watch For
