[Congressional Record Volume 143, Number 97 (Thursday, July 10, 1997)]
[Extensions of Remarks]
[Page E1391]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       TRIBUTE TO JOHN L. EDMONDS

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                          HON. EDOLPHUS TOWNS

                              of new york

                    in the house of representatives

                        Wednesday, July 9, 1997

  Mr. TOWNS. Mr. Speaker, it is my pleasure to highlight the 
accomplishments of Mr. John L. Edmonds, a prominent real estate 
developer in New York City. Mr. Edmonds and the Edmonds Group 
specializes in the development and rehabilitation of housing units for 
low- and moderate-income families.
  It is the dream of every American family to own their own home. The 
Edmonds Group has been directly responsible for making home ownership a 
reality for many families in New York. The group utilizes a combination 
of sources to achieve home ownership, including Federal funds, HUD tax 
credits, and State and local loan guarantees.
  As the largest minority developer in the city of New York, Mr. 
Edmonds has recently developed five low-income housing projects in 
Manhattan. Despite fierce competition, the Edmonds Group has been able 
to prosper and has a 100 percent completion rate of projects it has 
undertaken in New York City.

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