REBUILDING L.A. : Rising Out of the Ashes


City officials, Rebuild L.A. Chairman Peter Ueberroth and executives and employees of Broadway Federal Savings gathered Wednesday to celebrate the opening of a new Broadway office that replaces a branch destroyed during the Los Angeles riots.

Use of the 3,600-square-foot modular office building was donated by Irwindale-based Home Savings of America. The new office, one of three operated by the black-owned thrift, is located at 4429 S. Broadway.

Broadway President Paul Hudson said 90% of Broadway’s loans are provided to residents of South-Central Los Angeles.


“With the assistance of Home Savings of America, we are now able to continue serving our customers and the community,” Hudson said.

Ueberroth said a number of companies have approached Rebuild L.A.--the task force assigned to revitalize the city--and expressed interest in establishing a presence in southern Los Angeles.