Corporations Invest $410 Million in Affordable Housing Development in Struggling Neighborhoods Nationwide

U.S. Newswire | June 24, 1996 | Copyright

CLEVELAND, June 24 /U.S. Newswire/ -- Corporate leaders from across the country today came to the U.S. Conference of Mayors meeting in Cleveland to present the nation's leading mayors with a check for $410 million in equity to invest in the affordable housing development intitiaves of nonprofit neighborhood-based developers.

"In Cleveland and cities across the country, corporations are joining in dynamic partnerships with city agencies and the community to rebuild neighborhoods and transform lives," Cleveland Mayor Michael R. White said. "These partnerships stretch scarce public resources ...

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