Brooklyn

 

  • Bill Spearheaded an initiative allowing City funds to be deposited in the following bank branches in underserved communities:

    • Amalgamated Bank (Sunset Park)
    • Amalgamated Bank (Bedford-Stuyvesant)
    • Cross Country Federal Savings Bank (Greenpoint and Williamsburg)
    • Commerce Bank (Windsor Terrace, Borough Park, Kensington, Flatbush, East Flatbush, Prospect Lefferts Gardens and Midwood)
    • City National Bank of New Jersey (East New York)
    • Carver Federal Savings Bank (Sunset Park)
    • Sovereign Bank (Red Hook)
    • Capital One Bank (Fort Greene, Clinton Hill, Bed-Stuy…Not yet opened)
  • Through its Economically Targeted Investments program, the New York City Pension Funds have directly and indirectly invested $113.2 million dollars to create and rehabilitate 4,499 units of single and multi family housing in Brooklyn.

  • The Funds have invested $147 million in 2,736 units of for-sale and rental housing, land, retail and industrial properties in Brooklyn through its Real Estate Program.

  • Held a “Consumer Banking Day” at Medgar Evers College – October 2006.

  • Co-sponsored an “Operation Protect Your Home” forum with the New York State Senate Democratic Conference, the New York State Banking Department and lending institutions at Medgar Evers College – March 2, 2008.

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