Table of Contents

November/December 2009 - FEATURES

COVER FEATURE >> Full Circle

Los Angeles’ Skid Row Housing Trust doesn’t do vanilla projects. Its latest development for the homeless, New Carver Apartments, features an eye-catching circular design. “We wanted people to feel as opposed to not caring about them that somebody cared enough to create this place,” says Mike Alvidrez, executive director of the organization. (Cover photo by Eric Raptosh)

SPECIAL FOCUS >> Capital Markets Outlook 2010

The tax credit equity market’s continued decline, higher prices on debt financing, and the disappearance of many gap financing sources meant that very few new deals penciled in 2009. And while all indications are that 2010 will bring more of the same, the Tax Credit Assistance Program and credit exchange offer some short-term hope.

SPECIAL FOCUS >> State-by-State LIHTC Outlook

This state-by-state guide offers a look at some of the biggest changes for state housing finance agencies in 2010 and highlights from 2009.

SPECIAL FOCUS >> Readers' Choice Winners

A San Francisco development that provides homes for some of the city’s neediest takes top honors in AFFORDABLE HOUSING FINANCE’s Readers’ Choice Awards.

Also in this Issue

• New Directions
• Treasury Blocks Fannie LIHTC Bid
• Grapevine
• A Hint of Year-End Optimism
• The Buzz
• Galante Outlines HUD’s Multifamily Commitment
• HFA Executive Provides a Warning
• People
• Pop Quiz *Web Extra
• Housing Policy
• Treasury Announces Support for HFA Bond Programs
• Finance
• From Homeroom to Home
• Regional Report: West
• The Chase for Funds
• Green Scene
• Developer Creative in New Green Project