Wednesday, October 17, 2007

A Little Good News for New Orleans

And I do mean a little: the city is poised to receive $11.2 million from 10 philanthropic organizations to help rebuild affordable and mixed housing units that were lost in the storms. Bill & Melinda Gates led the way (natch), with a whopping $3 million gift, and a number of other names you might recognize (Kellogg, Rockefeller, etc) are following suit at differing levels. It's not quite half of what the fund spearheading the effort thinks it'll need to make a dent (that's about $25 million), but let's hope this will inspire other individual and institutional funders to jump on board and do the same.

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