Episode Details

NYC Comptroller Mark Levine announces $4 billion Housing Investment Initiative, committing $1 billion annually for four years to build mixed-income homes, save existing units, and convert offices into residences. The initiative aims to address cash shortages and provide affordable housing for public workers priced out of the city. It includes a $500 million boost to the Public-Private Apartment Rehabilitation program and funds for union-built spots via the AFL-CIO Housing Investment Trust. The initiative doubles the pension systems current housing bets by years end, setting the stage for a more livable city amidst rising rents.

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