Built in 1932, Hinchliffe Stadium was a 10,000-seat baseball stadium known most prominently as the home of the New York Black Yankees in the 1930s and 1940s. Goldman Sachs provided a loan through the Passaic County Investment Authority to finance the rehabilitation of Hinchliffe Stadium, an important New Jersey historic and cultural landmark that had fallen into disrepair, as well as the new construction of 75 units of affordable senior housing for households earning up to 60% of AMI. The rehabilitation is targeted at providing a significant benefit to the Paterson School District and broader Paterson community by enabling Hinchliffe Stadium to once again be used as a sporting event space and cultural hub for residents of the surrounding geography. Goldman Sachs provided financing for the ground- up construction of 475 Bay Street, a 100% affordable development located in the Stapleton neighborhood of Staten Island, New York. The planned development is a 12-story residential building containing 270 units, 51% of which are to be set aside for formerly homeless seniors. The development will include supportive services, in addition to 9,900 square feet of ground-floor retail space. The development falls within New York City’s Bay Street Corridor Neighborhood Plan, which is part of Housing New York and seeks to create a new mixed-use district that both builds and preserves affordable housing and provides a range of retail and services in the former manufacturing district. The project was awarded a subsidy from New York State’s Empire State Supportive Housing Initiative that will provide funding for rental subsidies, operating costs, and other costs associated with the supportive services to be provided by Selfhelp Community Services, an 85-year-old organization that provides housing stability for seniors. Together with NYC Department of Homeless Services, Selfhelp will help tenants adjust to independent living, which includes upfront onboarding and ongoing needs assessments, organizing wellness activities, and referring to service providers. Communities CASE STUDY: Hinchliffe Stadium CASE STUDY: 475 Bay Street 132 Sustainability Report 2021 Sustainability Issuance Report | Featured Investments