
Mayor Bill de Blasio announcing the new partnership at a press conference on July 30, 2014. Image credit: NYC.gov
Partnership announced to establish a $350 million fund to support affordable housing throughout the City. On July 30, 2014, Mayor Bill de Blasio and Comptroller Scott M. Stringer announced a partnership to establish a $350 million fund to support affordable housing throughout New York City. The new financing was raised through the support of Citi, the New York City Retirement Systems, the New York City Housing Development Corporation, Wells Fargo, Morgan Stanley and other financial institutions including Deutsche Bank and Bank of America. (read more…)