Mayor Adams Celebrates Historic $2 Billion Investment in Affordable Housing, Total 10-Year Capital Commitment Reaching Record $26 Billion in Fiscal Year 2025 Budget

Date: July 02, 2024

Publication: The Office of Mayor Eric Adams

“The PACT Program plays a critical role in preserving New York City’s affordable housing portfolio,” said Matthew Rooney, principal, RDC Development and CEO, MDG Design & Construction; Susan Camerata, principal, RDC Development and chief financial officer, Wavecrest Management. “In partnership with NYCHA, it allows companies like RDC Development to provide comprehensive upgrades and enhanced social services to improve the quality of life for countless New Yorkers, while ensuring homes remain affordable. Thank you to Mayor Adams, NYCHA, HPD, and our countless partners across the city for continuing to invest in affordable housing and for giving us the tools to transform the lives of residents.” 

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