Former planning official gets new view with housing fund:: Con Howe joins CityView after stint at Urban Land Institute.Con Howe, former head of the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Department of City Manning, will be putting his expertise to use in his new role with national housing investor CityView. Howe joined CityView to run a new housing fund that will focus on developing workforce housing Workforce housing is a relatively new term that is increasingly popular among planners, government administrators and housing activists, and is gaining cachet with home builders, developers and lenders. in Los Angeles. He was the director of city planning city planning, process of planning for the improvement of urban centers in order to provide healthy and safe living conditions, efficient transport and communication, adequate public facilities, and aesthetic surroundings. for over 13 years before retiring in 2005. He's spent the last 18 months running the Urban Land Institute's Center for Balanced Development in the West. Prior to his work in L.A., Howe headed the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Planning Department. "After 30 years of being in planning and entitlement work, it is a great opportunity to partner with people to get the projects built," Howe said. "With those 30 years I have seen thousands of projects and proposed housing developments and I really feel I know quality projects." The fund, called the CityView LA. Renaissance Fund, has launched with over $100 million to invest in local workforce housing projects. Sean Burton chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CityView, said he hopes the fond will close with between $125 and $150 million in capital. Current investors include the California Public Employees' Retirement System, the Los Angeles City Employees' Retirement System and the Los Angeles Fire and Police Pension, Burton said. "We expect there to be more money," he said" '"We are in additional talks with pension funds." Burton said the fund's first investment could be announced as soon as the end of next month. Burton said that developers like the Kor kor n. See homer2. [Hebrew kôr, from Akkadian kurru, from Sumerian gur, a unit of measurement.] Noun 1. Realty Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control have expressed interest in doing a deal for the fund. Santa Monica-based CityView is chaired by former United States Secretary of Housing and Urban Development The United States Secretary of Housing and Urban Development is the head of the United States Department of Housing and Urban Development, concerned with urban housing matters. The Secretary is a member of the President's Cabinet. On January 13, 1966, Robert C. Henry Cisneros. Howe said that as Los Angeles experiences continued job and population growth, there "continues to be a really deep need and a deep market for workforce housing." CityView is currently exploring opportunities for investment in projects in Inglewood and Hawthorne. "Our strategy is to look into communities where there hasn't been new inventory (in some time) and providing financing with home builder partners," Howe said. Cisneros said that his firm sought out Howe for the job because of his experience in the public sector. "We are very fortunate that someone with his depth of knowledge of the L.A. real estate market, projects, partners and the public processes would be able to join us," Cisneros said. "It is going to assure that we see the best of projects and can present our best projects to the city and the county." This is CityView's third housing fund. The company has financed the building of over 6,500 homes in various stages of development in 14 states. |
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