Goldman Sachs and NYC Mayor's Office announce $50M initiative to support minority-owned affordable housing developers with potential $500M in private construction lending to address NYC's housing shortage.
Goldman Sachs and New York City Mayor's Office announced a $50 million initiative to support minority-owned affordable housing developers, backed by the Community Preservation Corp. The initiative aims to facilitate credit for minority-owned housing developers, potentially unlocking $500 million in private construction lending. The move addresses the shortage of affordable housing in New York City, which is among the nation's most expensive rental and real estate markets.
March 04, 2024
9 Articles