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Pension Funds

In 1984, The Police Pension Fund and the New York City Employees Retirement system agreed to provide forward-committed, permanent take-outs for CPC construction loans, essentially freeing-up significant monies for reinvestment. These agreements were the first in the nation entered into by public pension funds to invest in the rehabilitation of older, multi-family housing.

The New York City Teachers Retirement System and the New York State Common Retirement Fund both joined with their own commitments in 1991. The Pension Fund of the United Methodist Church joined in 1998.

Collectively, the pension funds have committed over $675 million through CPC.