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NYC Comptroller Dives Into $4B Housing Push | Real Estate News
New York City’s Comptroller Mark Levine is unleashing $4 billion over four years from public pension funds to fight the housing crisis head-on—starting with $300 million already deployed into the AFL-CIO Housing Investment Trust, which has built over 44,000 units and is developing another 10,000. This bold move, aimed at accelerating affordable housing creation amid worsening conditions, prioritizes union labor and mixed-income projects. Since 2002, pension funds have invested more than $500 million here—and this new push could nearly double the real estate holdings of five city pension…
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