Actors Fund to build low-income housing

Manhattan-based non-profit group the Actors Fund has pledged to build hundreds of low-income housing units in New York City and beyond, according to Crain’s, with the launch of the new Actors Fund Housing Development Corp. The Actors Fund, which provides assistance to those who work in the performing arts, is expected to announce its first project, a 160-unit Newark building, next month. The move is in line with the parent organization’s mission, according to Scott Weiner, chairman of the new development corporation. “Dancers, actors, and singers have median incomes that are well below $25,000, and only a small percentage of them work full time,” Weiner said, adding that the program “will extend our reach and effectiveness in a very vital area for our community — providing safe, affordable housing for those in need.”

Sign Up for the undefined Newsletter