ADVISORY/Boyle Heights Community Celebrates Grand Opening of $103 Million Affordable Housing Development, Leaving Behind Memory of Crime-Ridden Environment.

Calendar Editors/Assignment Desks

ADVISORY...for Thursday (Oct. 3)

--(BUSINESS WIRE)

  Mayor James Hahn, Councilmember Antonio Villaraigosa, School Board
   President Jose Huizar, Residents and Community Leaders Hail Local
                   Efforts, Benefiting 470 Families

WHAT:   Amid an affordable housing shortage in Los Angeles, the
        Boyle Heights community celebrates the grand opening of the
        Pueblo Del Sol development benefiting local families. The
        development, which replaces the dilapidated, crime-ridden
        public housing project known as Aliso Village, is the largest
        public housing revitalization project in California. Its
        innovative design concept is constructed as a sustainable
        living environment that incorporates mixed-income housing,
        educational and recreational facilities with community
        supportive facilities (i.e., two community centers with an
        exercise room and pool and a park with new play equipment) and
        services such as job training and after school programs,
        computer learning classes and general social services.

        This $103 million development was created through a unique
        public/private partnership among the Housing Authority of the
        City of Los Angeles, the Related Companies of California,
        McCormack Baron Salazar, SunAmerica Affordable Housing
        Partners and the Los Angeles Unified School District.

WHEN:   Thursday, October 2, 2003 -- 11:00 a.m.

WHO:    James Hahn, Mayor, City of Los Angeles
        Antonio Villaraigosa, Los Angeles City Councilmember,
         District 14
        Jose Huizar, President, Los Angeles Unified School District
        William Witte, Principal, The Related Companies of California
        Tony Salazar, President, McCormack Baron Salazar
        Don Smith, Executive Director, The Housing Authority of the
         City of Los Angeles
        Father Greg Boyle, S.J., Director, Jobs for a Future and
         Homeboy Industries
        Michael Fowler, President, AIG SunAmerica Affordable Housing
         Partners

WHERE:  Pueblo Del Sol
        1400 Gabriel Garcia Marquez St., Los Angeles, CA 90033
        (North of First St. on Mission)

VISUALS:

        Excited residents leading tours of the new apartments;
        children playing in the playground; local elected officials
        and community leaders interacting with families and children
        as they tour apartments and community facilities; before and
        after pictures of development; ribbon cutting.

        For further information, please contact Lori Small, Rogers &
        Associates at 310-552-6922, ext. 173.