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$60 million NYC pension fund investment will support affordable housing

Summary by AM New York
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.  After the sudden collapse of Signature Bank last year, Lander, along with other elected officials including NYC Mayor Eric Adams and trustees from the NYC Employees’ Retirement System (NYCERS), said they will invest $60 million from the NYCERS pension fund to preserve 35,00…
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HousingHousing
Signature BankSignature Bank
New York CityNew York City

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