Only a few days after the nation's life insurance industry pledged $1 billion for investment in the ghettos, the Prudential Insurance Co. announced that ground will be broken in riot-scarred Newark next month for the first of the industry-sponsored projects. The $4,500,000 cooperative will house 1,000 people and be completed within a year, compared with at least 21 years for most projects financed by the Federal Government. "For nearly a generation," said Paul Ylvisaker, New Jersey's commissioner of community affairs, "the flow of private mortgage money into the cities has dried up. We're now beginning to see it flow again. This...
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