What's your theory on or feeling on using pension funding to create affordable housing? And the second question is what technically would be affordable? Well, look, you know, In the pension fund, we have a set aside in the pension fund, you know, for economically targeted investments. And when I was comptroller, we did use that money to ensure affordable housing in, you know, in many rent stabilized units. And we worked with the National Union funding mechanism to invest in affordable housing. (24:27–24:36)
CLAIM
Asserts that there is a set aside in the pension fund for economically targeted investments.
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