NYC plans to invest $4B from pension funds for affordable housing

New York City Comptroller Mark Levine plans to invest $4 billion from the city’s public pension funds for affordable housing development. Levine on Thursday unveiled the “NYC Housing Investment Initiative,” which will more than double the funds’ current real estate portfolio and help finance thousands of new homes through mixed-income projects, office-to-residential conversions, and renovations, [...] The post NYC plans to invest $4B from pension funds for affordable housing first appeared on 6sqft.