New Orleans among three cities picked for poverty-fighting investment

Bayou District Foundation, the New Orleans nonprofit behind the transformation of the St. Bernard public housing complex, is one of two groups recently selected by nationwide investors to test a new strategy for funding poverty-fighting efforts.

The nonprofit Low Income Investment Fund and JPMorgan Chase & Co. said this week a total of $6 million is being invested in public housing redevelopments in Los Angeles, San Francisco, and New Orleans.

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Source The New Orleans Advocate

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