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NYC pension funds to deploy $4B for affordable developments
April 16, 2026
Posted 4 hours ago by
New York City’s pension funds are supersizing their investment in affordable housing developments. New York City Comptroller Mark Levine plans to use the city’s public pension funds to invest 4 billion over the next four years, the New York Times reported. The investment will more than double the real estate portfolio of the five funds, which provide retirement benefits to city employees.
The investments could go towards affordable development or rehabilitation across the city, potentially encompassing thousands of units. Eligible projects may include mixed-income developments, office-to-residential conversions, renovations and middle-income apartment developments constructed by unions. The investments will need approval []This article originally appeared on The Real Deal. Click here to read the full story.
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