DealTracker
NEW YORK, NY—The Community Preservation Corporation, a nonprofit affordable housing and community revitalization finance company, says the New York State Common Retirement Fund (the Fund) has agreed to provide $710 million as part of a revolving facility to finance multifamily housing developments for low- and moderate-income residents across New York State. The agreement with the Fund, which is administered by New York State comptroller Thomas P. DiNapoli, is nearly quadruple the 2014 funding agreement of $200 million and will help CPC and the Comptroller achieve their shared mission of investing in stable housing that strengthens and revitalizes underserved New York communities. Since 1991, CPC has invested $741 million from the Fund to provide permanent financing to 471 housing developments with a total of more than 18,515 units.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
