NYC Comptroller Mark Levine is putting $300 million in pension money toward addressing the city’s housing shortage.
The investment is part of Levine’s broader plan to direct $4 billion in city pension funds toward housing over four years. The first $300 million is expected to help finance 10,000 proposed and existing apartments across NYC.
AI could cut construction costs by up to 20% and project timelines by up to 25%.
A Suffolk and MIT study found major savings could come from using AI across design, permitting, scheduling, labor, procurement and off site manufacturing.
JUST IN: The Federal Reserve raised interest rates by 25 basis points, bringing the target range to 3.75%–4%. This marks the first rate increase since 2023.
So before taking out a HELOC, make sure you understand the risks. But if it’s something that can truly benefit you, we’re here to help you access the funds quickly and easily.
