Pension Fund Invests in Signature Loan Book
The Daily Dirt breaks down NYC pension fund investment
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The Daily Dirt breaks down NYC pension fund investment
Housing production in New York has lagged far behind population growth, and as the city emerges from Covid-19, rents are continuing to hit record highs.
It remains to be seen how much of an opportunity remains to convert underutilized hotels — and how central of a priority it is going forward for the Adams administration, which is expected to soon roll out a housing plan.
Mayor Eric Adams had a message for state legislators on Friday as they consider a proposal his administration is pushing to help stabilize the city’s public housing: “Fixing NYCHA can't be a soundbite.”
A new policy brief seeks to rebut claims that it would limit new supply, pointing to housing production in cities that have similar protections in place.