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Mayor Says He has a Housing Plan That Will Work

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Today at 2:00 p.m., Mayor Antonio Villaraigosa will unveil a 5-year, $5 billion plan to double affordable housing units built in the city and will be announcing a $700 million housing investment from the Enterprise Community Partners. The plan called Housing That Works will "promote mixed-income housing, invest in new neighborhoods along public transit corridors, provide relief to families facing foreclosure and shift LA’s strategy from managing homelessness to moving people out of it." The full presser can be read here.

LOS ANGELES - Mayor Antonio Villaraigosa will unveil a 5-year, $5
billion plan to build 20,000 affordable housing units and bridge the gap
between the housing LA produces and the housing it needs on Monday,
September 29, 2008, at 2:00 PM at 3183 Wilshire Boulevard, Los Angeles,
CA 90010.

The Mayor's plan - titled "Housing That Works" - represents
the first time all of the City's housing and planning departments are
coming together in a coordinated effort to invest in affordable housing.
Using the combined resources of these agencies and building on a $700
million gift from Enterprise Community Partners, Mayor Villaraigosa's
proposal will work to make Los Angeles a place where all middle class
and working families can afford to live and work.

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Joined by leaders of the five housing, planning and redevelopment
departments, members of the City Council, and representatives of
Enterprise Community Partners, Mayor Villaraigosa will outline his plans
to promote mixed-income housing, invest in new neighborhoods along
public transit corridors, provide relief to families facing foreclosure
and shift LA's strategy from managing homelessness to moving people
out of it.