Latest Posts
US-Iran Truce Teeters on Meltdown as Stalemate Takes Toll on Each SideTN State Senate Debates and Votes on Congressional Redistricting MapProminent Christian Zionist Group Is Lobbying U.S. Lawmakers on Israel—Without Revealing It’s Funded by IsraelBorder Patrol Is Monitoring US Drivers and Detaining Those with ‘Suspicious’ Travel Patterns‘Some Human-to-Human Transmission’ Possible in Suspected Hantavirus Outbreak Aboard Cruise Ship: WHO OfficialDonald Trump Faces Major Test in Republican StrongholdSecretary Hegseth & Joint Chiefs Chair Hold Briefing Amid Iran ConflictTrump Warns Iranian Forces They Will Be ‘Blown Off the Face of the Earth’ If They Target US ShipsPA House Passes Bill to Ban White Nationalist Housing CommunitiesExperts Say New Orleans Must Immediately Plan Evacuation After Terrifying Finding

New York News Reports

$50 Million Initiative Aims to Reduce Barriers and Support Minority-Owned Developers to Build More Affordable Housing

garyglennell

 

NEW YORK – New York City Mayor Eric Adams, New York City Housing Preservation Development (HPD) Commissioner Adolfo Carrión Jr., and New York City Housing Development Corporation (HDC) President Eric Enderlin today announced a new initiative to provide up to $50 million to help Minority Business Enterprises (MBE) developers overcome historical financial barriers and fully participate in the development of critically needed affordable housing for New Yorkers. Established in partnership with the Urban Investment Group at Goldman Sachs and the Community Preservation Corporation (CPC) the new “New York City Minority Business Enterprise Guaranty Facility” is expected to enable as much as $500 million in private construction lending to MBEs.  

Today’s announcement builds on Mayor Adams’ commitment to fight the housing crisis as he continues calls made in his State of the City Address for Albany to deliver a housing package this session that will help create the affordable homes New Yorkers need and deserve. 

Click here for additional information.

Source: The Office of the Mayor

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Discover more from

Subscribe now to keep reading and get access to the full archive.

Continue reading