Urban Investments
Case Studies
Read our success stories from New York, New Orleans and other cities across the country.
Teacher's Village Redevelopment Project
UIG has committed approximately $100 million over the last three years to catalyze the development of Teachers Village. Located in Newark, Teachers Village is the first phase of a major redevelopment that will include more than fifteen million square feet of charter schools, housing for teachers, retail and office space.
Harmony Oaks, New Orleans
The four largest public housing developments in New Orleans were hit hard by Hurricane Katrina, displacing thousands of people. Rebuilding those communities to allow residents to return is a major part of the region's revitalization strategy.
Healthy Food and Healthy Communities Fund, New York State
In July, 2010 we committed $40 million as the sole private-sector investor in the Healthy Food and Healthy Communities Fund.
Providence Place, Salt Lake City
In September, 2010, we invested $5 million of Low-Income Housing Tax Credit equity to finance the construction of a 125-unit affordable residential building in Salt Lake City, Utah.
PS 90 and the National Dance Institute, New York City
We committed $5.5 million in March 2008 to finance the rehabilitation of PS 90—a Harlem public school building abandoned for 30 years—into a mixed-income development with 75 residential condos and 13,000 square feet of community facility space.
The Bradford, New York City
Our Urban Investment Group (UIG) is the sole private investor in the Bradford, a mixed-use development in the Bedford-Stuyvesant section of Brooklyn.
The Kalahari, New York City
In 2005, we invested $8.2 million in The Kalahari, the largest mixed-income home ownership project in New York City history.
New York Equity Fund, New York City
In October, 2009, we made a $61 million investment in the New York Equity Fund to develop affordable housing in Harlem, Brooklyn and the Bronx.
Social Impact Bonds
Alicia Glen, head of the Urban Investment Group at Goldman Sachs, discusses the firm's commitment to "social impact investing" — the idea of leveraging private sector capital to finance public social services.