OTHER NEWS - June 23, 1992
From Times Staff and Wire Reports
State Pension Funds Slated for Homes: The California Public Employees’ Retirement System said it will help finance the construction of 129 entry-level homes in Rancho Cucamonga. The single-family, detached houses--priced from $187,000 to $225,000--will be built on a 25-acre site by Upland-based Lewis Homes of California. Randall Lewis, executive vice president of Lewis Homes, said construction will begin this summer, with the first 20 homes expected on the market by early 1993. Sacramento-based CalPERS will invest 90% of the project’s cost, estimated at $22.5 million. Wells Fargo Bank, headquartered in San Francisco, will contribute the remaining 10%.
