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BdB Announces $350M Fund For Affordable Housing; More!

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ALL OVER—Today Mayor de Blasio and Comptroller Scott Stringer announced a partnership to create a $350 million fund to support the mayor's plan to bring 200,000 units of affordable housing to the city. The fund will allow the Community Preservation Corporation to lend money for the acquisition, construction, rehabilitation and preservation of affordable housing, says TRD. According to a press release sent out by the mayor's office,

Leveraging more private financing to increase the supply of affordable housing is a pillar of the administration's Housing New York plan, and the investment announced today will foster the creation and preservation of an estimated 7,500 units of affordable housing statewide. TRD notes that the funds will come from New York City Retirement Systems, Citi Bank, Wells Fargo, Morgan Stanley and other citywide financial institutions. [CurbedWire inbox; TRD]

DOWNTOWN BROOKLYN— Light Over Time, an interactive public art exhibit by Sam Falls, is now open to the public at Downtown Brooklyn's MetroTech Commons. The exhibit is comprised of five works that can be sat on, walked through, or otherwise engaged with. The works are intended to explore the effects of the natural environment and time on the sculptures; the exhibit includes a bench painted in temperature-sensitive paint and oversized wind chimes. [CurbedWire inbox; Downtown Brooklyn]