The New York Division of Housing & Community Renewal (DHCR) in partnership with the New York State Association for Affordable Housing and other development community partners will be creating a new Upstate Equity Fund to encourage banks to invest in low-income housing tax credit projects within their communities. The fund will be managed by Great Lakes Capital Fund and will pool investments from new participants in the market and secure funding for projects in Upstate communities that have become hard to finance. read more…
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