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Goldman Sachs finances $270 million affordable housing project in New York
- Goldman Sachs will finance a $270 million affordable housing project to build 385 apartments in East New York, as stated by New York Governor Kathy Hochul's office.
- The project aims to address the housing affordability crisis and improve livability for families, according to Mamdani's campaign website.
- Goldman's Urban Investment Group has invested nearly $11 billion in affordable housing projects across the state since 2001, as noted in the report.
- The financed project will also include commercial space, according to the governor's office.
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Construction Launches on Massive East New York Redevelopment - Connect CRE
Construction is underway at Innovative Urban Village Phase 1A, a 385-unit affordable housing development with commercial space for a fresh food grocery store in the East New York neighborhood of Brooklyn. The $270-million project is part of the comprehensive redevelopment of the Christian Cultural Center’s campus, which ultimately will include a total of nearly 2,000 affordable apartments in 10 buildings. “New York remains committed to keeping o…
Coverage Details
Total News Sources8
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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