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NYS Affordable Housing Gets $200M Commitment

NEW YORK CITY—The sizeable new funding, from a state pension fund, will go toward both the creation of affordable housing and community revitalization projects.

By Rayna Katz | Updated on April 18, 2014

NEW YORK CITY—The Community Preservation Corp., a provider of capital for affordable housing in underserved housing markets has announced that the New York State Common Retirement Fund has committed $200 million in new funding to invest in affordable housing and community revitalization projects across New York State. 

This new allocation will finance approximately 3,500 units of housing over the next three years, and will serve to revitalize downtown areas, stabilize neighborhoods, and provide much-needed affordable housing throughout New York State.

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