April 11, 1996 |
James W. Rouse, a master urban developer who coined the terms "urban renewal" and "shopping mall" in the 1950s, invented the "festival marketplace" to renovate decaying downtowns, and then turned his attention to providing low-income housing for poor people, has died. He was 81. Rouse died of Lou Gehrig's disease at his home in Columbia, Md., a planned suburban community that was another of his innovations in the 1960s.
April 8, 1988 |
Flanked by bipartisan elected officials and leaders of the real estate and lending industries, Sen. Alan Cranston (D-Calif.) announced Thursday that he will seek major legislation to create affordable housing for the poor and middle class and fight the growth of homelessness. Cranston, chairman of the Senate subcommittee on housing and urban affairs, speaking at the second day of public hearings in Los Angeles, said he hoped to introduce the bill in July.
September 18, 1988 |
Without fanfare, the groundwork is being laid at City Hall to pressure banks and savings and loans to increase lending and improve consumer services in low-income neighborhoods of Los Angeles. The city's leverage would come from a new ordinance being developed to place deposits of millions of dollars in city funds in financial institutions with good records in serving low-income communities.
July 3, 1988 |
When the imposing Bay Towers apartments were built on a grassy field overlooking Boston harbor in 1974, they seemed to be an ingenious solution to an old urban problem: decent housing for low-income people at a price that developers could afford. The harbor-side high-rise, constructed with private funds backed by federal mortgage subsidies, offered rents of $200 to $300 for working-class tenants, largely of Irish descent.