Queens

Bill Spearheaded an initiative allowing City funds to be deposited in the following bank branches in underserved communities:
- Amalgamated Bank (Long Island City)
- New York Community Bank (Corona Heights)
- Carver Federal Savings (South Jamaica).
Through its Economically Targeted Investments program, the New York City Pension Funds have directly and indirectly invested $46.1 million dollars to create and rehabilitate 1,404 units of single and multi family housing in Queens.

The Funds have invested/committed approximately $90 million in projects primarily located in Jamaica and Long Island City through its Real Estate Program.

Held a foreclosure Prevention and Consumer Banking Conference in February of 2008.

Hosted a “Save Our Homes” Initiative at St. John’s University – November 1, 2008.

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 Campus Magnet High School – March 1, 2008.

Partnered with the Federal Deposit Insurance Corporation (FDIC) to bring their Money Smart financial education curriculum to faith-based organizations, starting in Queens. The announcement was made at York College. To date, our office has done three Money Smart program events.

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