John Edwards in L.A. announcing the creation of the New Generation Fund (affordable housing) - pics

[Kadie]

Former U.S. Sen. John Edwards from North Carolina, left, with Los Angeles Mayor Antonio Villaraigosa, center, greet one of the low income residents, Teresa Copper, right, in the courtyard of the Yankee Apartment building in downtown Los Angeles on Monday, July 21, 2008. Villaraigosa and Edwards, announced the creation of the New Generation Fund, a $100 million addition to the city's affordable housing finance system.
(AP Photo/Damian Dovarganes)


Former U.S. Sen. John Edwards from North Carolina, right, and Los Angeles Mayor Antonio Villaraigosa, left, announce the creation of the New Generation Fund, a $100 million addition to the city's affordable housing finance system, on Monday, July 21, 2008 on the courtyard of the Yankee apartment building downtown Los Angeles.
(AP Photo/Damian Dovarganes)


Former U.S. Sen. John Edwards from North Carolina gives a news conference held with Mayor Antonio Villaraigosa, not pictured, announcing the creation of the New Generation Fund, a $100 million addition to the city's affordable housing finance system, on Monday, July 21, 2008 downtown Los Angeles. In the background are photos of the Yankee building before and after being transformed into low income apartments.
(AP Photo/Damian Dovarganes)

A New Generation of Funding for Affordable Housing: A City Led Collaborative Launches $100 Million Development Tool
Monday July 21, 4:00 pm ET


LOS ANGELES, July 21 /PRNewswire/ -- Los Angeles Mayor Antonio Villaraigosa and Doris Koo, president and CEO of Enterprise Community Partners, today announced the first multimillion dollar financing tool for the creation and preservation of affordable housing in Los Angeles. The New Generation Fund is a $100 million predevelopment and acquisition fund created through a partnership of the City of Los Angeles and a consortium of banks, financial institutions, foundations and community development financial institutions (CDFIs). The Fund is designed to combat homelessness and reduce the housing burden on poor and working families by offering affordable housing developers early-stage financing for properties intended for low- and moderate- income residents. Joined at the event by former Senator John Edwards, chair of the Half in Ten: From Poverty to Prosperity campaign, Enterprise and the Mayor unveiled the Fund as a public-private partnership intended to address the critical need for affordable housing in the City.

more...
http://biz.yahoo.com/prnews/080721/nem102.html?.v=43

[Maggie_May]

1. Looking very VP ish

I think that he would help the ticket.

[Iwillnevergiveup]

2. THANK YOU, SENATOR EDWARDS!

Boy, do we need affordable housing in L.A.

K&R

[mloutre]

3. WTG, JRE!!

[Kadie]

4. That is a great picture!

:hi:

[monmouth]

5. He'd make a great VP. I see Elizabeth in the Cabinet also..n/t