New York City Mayor Adams, Comptroller Lander, Public Advocate Williams, Pension Trustees, Partners Celebrate $60 Million Investment in Load Portfolio That Will Preserve 35,000 Rental Units
NYC Mayor Eric Adams, Comptroller Brad Lander, Public Advocate Jumaane Williams, and other officials announced a $60 million investment by the New York City Employees’ Retirement System (NYCERS) to preserve 35,000 rent-stabilized housing units affected by the collapse of Signature Bank. The investment, in partnership with Community Preservation Corporation, Related Fund Management, and Neighborhood Restore,…