This case is accompanied by a video brief that can be revealed in class or included in a digital coursepack. Educators should consider the time of making the video accessible to students, as it may reveal vital case elements. The case concludes with a short round-up of performance data and comment from the first two and a half years of business of the Fund. The NYC Acquisition Fund was created to produce loans to non-profit and small-scale affordable housing developers, enabling them to compete with market-rate developers to buy property in New York City on the open market at a time of wild speculation, rapidly rising prices, and cutthroat competition.
It represented a groundbreaking effort to use ability and public sector funds, to leverage hundreds of millions of dollars in loan capital, together with foundation capital from private lenders. HKS Instance Number 1907.0.
PUBLICATION DATE: November 03, 2009 PRODUCT #: HKS110-PDF-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP