Coalition invests $80 million for poor in five cities
Imagine investing in cities but only if public, private and philanthropic groups work together on long-term strategies to help low-income residents.
Living Cities, a philanthropic collaborative of 22 of the world's largest foundations and financial institutions, will do that Thursday when it announces $80 million in grants, loans and investments.
Nineteen urban centers competed for the money, but five won for programs that challenge conventional wisdom: Baltimore, Cleveland, Detroit, Newark and Minneapolis-St. Paul.
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