THE WALL STREET JOURNAL - Citi Community Capital Launches $100 Million New York Affordable Housing Preservation Fund with L+M Development Partners
NEW YORK--(BUSINESS WIRE)--July 28, 2010--
Citi Community Capital ("CCC") and L+M Development Partners today announced the creation of a $100 million New York Affordable Housing Preservation Fund (NYAH Preservation Fund). The NYAH Preservation Fund's mission is to stem the loss of affordable housing in the New York metropolitan area and to expand the stock of such housing through strategic rehabilitation and investment.