LOS ANGELES-Chadwick, Saylor & Co. has formed a new $800 million fund called Los Angeles Development Partners and has named former LA Mayor James Hahn as CEO of the fund, which will focus on transit-oriented projects and housing. The LADP will be a commingled real estate fund that will provide equity capital to ventures with LA region developers for construction and redevelopment of various property types.According to Hahn, the focus on transit-oriented projects will aim to create developments that "can reduce traffic, improve the quality of life and create fair wage jobs." Hahn says that LADP developments will use 100% union labor.Paul Saylor, a principal of CSC, says that CS Capital Management will help to define the operating strategy for the fund, identify investment opportunities, structure the deals and negotiate investments with operating partners to invest with the pension funds. When fully invested, LADP assets will approximate $800 million in value, he says.According to principal Bill Chadwick, CSC tapped Hahn to head the new fund in large part because of the former mayor's experience both as mayor and as former city attorney. That experience will be essential because of the challenges that the city faces in terms of "urban sprawl challenges with urban infill, workforce housing and mixed-use projects, Chadwick says.Hahn is also familiar with the requirements of transit-oriented projects, Chadwick notes. The former mayor worked to advance the city's light rail projects when he was a member of the MTA.Hahn, who joined Chadwick Saylor in July of 2005 as a managing director, was mayor of Los Angeles from 2001 to 2005. He served four terms as city attorney from 1985 to 2001 and was the city controller beginning in 1981.