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

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March 4, 2024

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Effort Expected to Enable $500 Million in Private Construction Lending to Minority-Owned Affordable Housing Developers Through Partnership With Goldman Sachs and Community Preservation Corporation 

As Adams Administration Doubles Down on Commitment to Fight Housing Crisis, City Needs More Tools from Albany to Build Affordable Homes for New Yorkers

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….

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