New York City Employees Retirement System, with $41 billion in assets, will provide permanent mortgages of $546,714 and $565,000 to two local child care centers to help them finance improvements at their facilities, announced Alan G. Hevesi, New York City comptroller. The loans are part of an economically targeted investment program through which the city’s five pension systems spur economic development through affordable loans to community organizations.
New York City Employees Retirement System, with $41 billion in assets...
Sponsored Content
Partner Content