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Life Insurance Loans to Inner Cities Seen Mixed
A retrospective on the $2 billion program by 118 major life companies finds both gains and limits. It funded about 166,000 housing units and 500 nonresidential projects, creating or preserving thousands of jobs, but critics say the impact on blighted areas was uneven and many loans went to whites or subsidized housing.
MENTIONED IN THIS ARTICLE
Debora Rankin
New York
Walter O. Arington Jr
Economic Resources Corp
Watts
Los Angeles
Don Benedict
Chicago Community Renewal Society
Federal Housing Administration
FHA
Enterpreneurs
Spanish Harlem
Upper Park Avenue Community Association
UPACA
New York Life Insurance Co
Mary Iemma
Detroit
Housing Commission
U.S. Department of Housing and Urban Development
Chamber of Commerce
Jack Maddox
New York Life
Maddox
I Bis
Tives
Robert Mitchell
Ujima Community Development Corp
Prudential Insurance Co. of America
Willowbrook
Chicago
Cecil Butler
North Lawndale Economic Development Corp
Paul Zimmerer
Committee On Economic and Cultural Development
62Nd
Kenwood
William Kearney
Irmco Corp
Newark
Nat
University Court
Prudential
South 1Th Street Arms
HUD
Clear View Baptist Church
Dempsey G. Travis
United Mortgage Bankers of America
Equitable Life Assurance Society of
U.S
Travis
Colon
Life Insurance Association of America