The roughly $129.4 billion New York State Common Retirement Fund (CRF) has kicked in a half billion dollars to help prop up the Empire State’s mortgage market.

In an announcement today, Thomas DiNapoli, state Comptroller and sole trustee of the pension fund, said that the one million-member Fund has committed $500 million in New York mortgages provided by Fannie Mae. The deal closed April 16, a May 6 press release said.

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