K&B; to Develop Affordable Units

California’s largest single-family home builder, Kaufman and Broad Home Corp., will be the sole developer among 13 participants in the Calfornia Equity Fund, a public/private partnership created to build low-income housing in Southern California.

Each firm will invest a minimum of $1 million. Details of the plan will be announced Tuesday by Mayor Bradley at a press conference scheduled for the historic Dunbar Hotel, 4225 S. Central Ave.