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Lower Manhattan’s Battery Park City Authority To Invest $500 Million in Affordable Housing

Public Benefit Corporation Allocates Excess Revenue It Collects From Commercial Properties
Battery Park City will invest $500 million to help with New York's affordable housing production and upkeep. (Getty Images)
Battery Park City will invest $500 million to help with New York's affordable housing production and upkeep. (Getty Images)
CoStar News
July 23, 2024 | 10:30 P.M.

The Battery Park City Authority, a New York state public benefit corporation that oversees a 92-acre area in lower Manhattan, is contributing $500 million to help with affordable housing production and preservation across New York City's five boroughs.

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