The 300-apartment complex was on a list of developmentsthat were eligible to benefit from $220 million in bonds issuedby a public agency in 1999 to promote affordable housing inFlorida. None of the money went to Oakwood Terrace. Not a pennyof the $220 million bond issue -- which was underwritten byJPMorgan Chase & Co., the third-largest bank in the U.S., andinsured by a unit of American International Group Inc., theworld's largest insurance company -- was ever spent on low-income residences.
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International group
oakwood Terrace
low income residences
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