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L.A. COUNTY TRANSPORTATION COMMISSION AWARDS GRANT TO CITY OF PALMDALE, KAUFMAN AND BROAD TO DEVELOP COMMUNITY VAN POOLS

 L.A. COUNTY TRANSPORTATION COMMISSION AWARDS GRANT TO CITY
 OF PALMDALE, KAUFMAN AND BROAD TO DEVELOP COMMUNITY VAN POOLS
 LOS ANGELES, Aug. 31 /PRNewswire/ -- Kaufman and Broad Home Corp. (NYSE: KBH), which earlier this year became the nation's first home builder to offer community-based van pool programs to its homeowners, today announced that the City of Palmdale has received a $120,000 grant from the Los Angeles County Transportation Commission (LACTC) to support and expand van pools co-sponsored by the company and the city.
 The City of Palmdale has long been a leader in developing ride- sharing options for Antelope Valley commuters.
 The grant will enable Kaufman and Broad, in cooperation with the city, to launch up to 25 new van pools in addition to the two currently operating between the Antelope Valley and various locations in the metropolitan Los Angeles area. A third pool is currently being formed to serve the Westwood area. Riders need not be Kaufman and Broad homeowners to participate in the program.
 Under terms of the grant, all North County residents who sign up for one of the van pools will receive a $15 monthly discount during the first year of operation. (Van pool costs vary according to vehicle occupancy and distance traveled, but typically range from $80 to $160 per month.) In addition, the first 10 new van pools to be formed will receive $100 per month for the first six months toward fuel costs. Finally, all residents of the City of Palmdale who have not used a van pool within the previous 90 days will be eligible for a $100 rebate if they join.
 The grant is being funded by both the U.S. Department of Transportation and the LACTC, according to Eric Elder, vice president, marketing for Kaufman and Broad. The City of Palmdale will be responsible for grant allocation and administration, he added. The new Palmdale van pools are expected to be operating by September.
 "This grant represents an opportunity for Kaufman and Broad to expand its program to include hundreds of new riders," Elder said. "Each full van pool removes up to 14 autos from our freeways, making a major contribution in the fight against traffic and smog. We're delighted that leaders at all levels of government have been so supportive of our efforts."
 Palmdale Mayor Jim Ledford hailed the grant and what it will mean to his city. "While we have several such ridesharing programs benefiting Palmdale residents, this is the first one that represents a true public/private partnership. The additional van pools made possible by this grant will make a major contribution toward solving some of our region's most pressing problems. I salute Kaufman and Broad for its leadership, and call on other companies to help find similar solutions," Ledford said.
 Most van pools are typically sponsored by large employers for the benefit of their own employees, and in accordance with local environmental regulations. Kaufman and Broad's program, however, is the first that is community-based rather than employment-based. Besides helping reduce pollution and traffic, riders enjoy considerable cost savings in the form of less wear and tear on their cars, lower insurance rates and lower fuel costs. Riders also become eligible for a California state income tax credit of up to $480 per year.
 In addition to the van pools serving the Antelope Valley, Kaufman and Broad is currently exploring the creation of a pilot program that would serve residents of Moreno Valley and other Inland Empire locations who commute to Orange County, Long Beach and other employment centers. Eventually, the company hopes to expand the program to include commuter markets in Northern California.
 In a related development, Elder announced that, in recognition of its pioneering role in the development of community-based van pooling, Kaufman and Broad has been nominated for a National Leadership Award by the Association for Commuter Transportation.
 Los Angeles-based Kaufman and Broad is the largest producer of single-family housing in California and the largest builder in metropolitan Paris, where the company develops commercial office properties and a variety of residential investment properties in addition to single-family homes.
 -0- 8/31/92
 /CONTACT: Bernard Sandalow of Kaufman and Broad, 310-443-8040/
 (KBH) CO: Kaufman and Broad Home Corp. ST: California IN: CST TRN SU: PDT


JL -- LA016 -- 5000 08/31/92 13:35 EDT
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Date:Aug 31, 1992
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