NEW YORK — New York City Mayor Michael Bloomberg chose the $19 million Lower East Side People's Federal Credit Union as the venue to announce a major new anti-poverty initiative that is expected to generate $150 million to fund the recommendations of the Commission for Economic Opportunity.
"We are honored to host the Mayor at this historic event, and excited by the commitment of the City of New York to bring economic opportunity to those who have never had it before," said Linda Levy, CEO of LESPFCU.
"The Commission gave us thoughtful, practical, and evidence-based strategies," said Mayor Bloomberg. "We now present equally thoughtful plans to carry out their findings so we can try to release the potential of citizens who are now trapped by the stifling problem of poverty."
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