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CalPERS applauds groundbreaking of affordable housing project.


SACRAMENTO Sacramento, city, United States
Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif.
, Calif.--(BUSINESS WIRE)--Nov. 16, 1994--Today's groundbreaking for 344 units of affordable housing in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  County has earned praise from the California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  Public Employees' Retirement System (CalPERS).

Construction of La Terrazza Apartments in Carlsbad, Calif., a low-income, affordable multi-family/single-family housing project is sponsored by the non-profit BRIDGE Housing Corp. and is the first to be funded jointly by CalPERS, World Savings and Wells Fargo Wells Fargo

armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147]

See : Protectiveness


Wells Fargo

company that handled express service to western states; often robbed. [Am. Hist.
 Bank.

"We are delighted with the groundbreaking of La Terrazza Apartments in Carlsbad. It represents the start of a bold initiative to provide affordable housing throughout California," said William Crist, president of the CalPERS Board of Administration. "This project meets our investment criteria, and provides benefits to the people of California through the creation of jobs and housing opportunities."

Earlier this year, the CalPERS Board of Administration committed $150 million to fund construction of low-income and affordable housing projects in California.

CalPERS is the largest publicly funded retirement system in the nation, with assets of approximately $78 billion and nearly one million members.

CONTACT: CalPERS Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information.  Office

Patrick Hill, 916/326-3711
COPYRIGHT 1994 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 16, 1994
Words:179
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