$60 million NYC pension fund investment will support affordable housing

NYC News

$60 million NYC pension fund investment will support affordable housing
Affordable Housing
  • 📰 amNewYork
  • ⏱ Reading Time:
  • 22 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

NYC Comptroller Lander announced an investment Tuesday that he says will support affordable housing and deliver healthy returns for retirees.

NYC Comptroller Brad Lander announced a major investment Tuesday that he said will preserve thousands of affordable housing units and deliver “healthy returns” for retirees.

Adams said he is “proud” to announce the investment from the NYCERS pension fund to preserve the mostly rent-stabilized units that were impacted by the bank’s collapse. Other organizations in the venture include Related Fund Management, Community Preservation Corporation and Neighborhood Restore, all of which have “expertise and deep roots in preserving and expanding” affordable housing, according to city officials.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

amNewYork /  🏆 336. in US

Affordable Housing

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kyle Richards Has a Thing Pink Blazers - Get the Look for $60Kyle Richards Has a Thing Pink Blazers - Get the Look for $60Kyle Richards is known for starring in RHOBH and having a chic sense of style — we found a pink blazer to help you get her look!
Read more »

Where the $60 million hot mineral baths resort near Zion plans to get its waterWhere the $60 million hot mineral baths resort near Zion plans to get its waterLocals and tourists in the southern Utah town of La Verkin won’t have to resort to bathtubs or backyard spas anymore to enjoy a hot-water soak once construction is completed next year on a new $60 million resort.
Read more »

NYC Comptroller releases storm response reportNYC Comptroller releases storm response reportNew York City's Comptroller is faulting the city for not doing enough to prevent communities from being waterlogged in the aftermath of Tropical Storm Ophelia last year.
Read more »

Oprah Winfrey and Dwayne Johnson raised almost $60 million for Maui wildfire survivorsOprah Winfrey and Dwayne Johnson raised almost $60 million for Maui wildfire survivorsJohnson and Winfrey initially committed $10 million to the fund and also asked others to donate.
Read more »

Why Disney is doubling down on theme parks with a $60-billion planWhy Disney is doubling down on theme parks with a $60-billion planDisney's nearly $2-billion expansion plan for Disneyland highlights the importance of the company's theme parks for its bottom line.
Read more »

Waubonsee Community College breaks ground on new $60 million Technical Training CenterWaubonsee Community College breaks ground on new $60 million Technical Training CenterWhen it opens in fall 2025, the new 100,000-square-foot, state-of-the-art Technical Education Center will house the college’s automotive technology, auto body repair and welding technology programs…
Read more »



Render Time: 2025-04-13 10:43:18