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Oakland has been pushing for development that puts low-income families closer to BART-- but nonprofit frittered away $400K and city may lose $8.5m state grant as a result.

"The idea was ambitious: To give hundreds of impoverished families in East Oakland a chance to live in stylish apartments near a BART station, in a part of town long known for crime and desolation. City Councilman Larry Reid has pushed the plan since 2003, when he co-founded a nonprofit charity, the Oakland Economic Development Corp., to make it happen." -- Rachel Swan, the San Francisco Chronicle

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