February 2007 Table of Contents

Rising land costs keep Southeastern developersstruggling to make deals work

In the Appalachian mountain town of Brevard, N.C., a 21 percent jump in construction costs forced The Affordable Housing Group of North Carolina (TAHG) to trim the size of its latest affordable housing development by eight units. Read more

Freddie Shuffles the Deck

Freddie Mac has kicked off 2007 with a reorganization of its multifamily division, hoping to make both its conventional and affordable housing divisions more competitive and customer-focused. Read more

How Crash Helped Save 1,000 Units How Crash Helped Save 1,000 Units

CHICAGO - Bricks rained down on the roof of Marsha Markham’s car, breaking through her windshield and pinning her to her seat. Read more

Carrfour Beats Rising Costs, NIMBY

MIAMI BEACH, FLA. - Harding Village finally opened last December, a year behind schedule and more than $1 million over budget. Read more

NuRock teams with nonprofit to aid victims ofdomestic abuse

Canton, Ga. -‘You could hang glide out here,” said affordable housing developer Rob Hoskins, referring to the open space and picturesque hills of this bedroom community located 40 miles north of Atlanta and minutes from mountains the Cherokee Indians called “The Great Blue Hills of God.” Read more

Honoring a Pioneer

In 1966, Sen. Robert F. Kennedy toured Bedford Stuyvesant, an impoverished neighborhood in Brooklyn, N.Y., where properties were either abandoned or neglected by absentee landlords. Read more

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