September 2007 Table of Contents

H.R. 1427

Establishes the FHFA as an independent agency to regulate Fannie Mae, Freddie Mac, and Federal Home Loan Banks. Read more

Central Concerns

Rehabbing existing properties and building more rural and workforce housing have become prime concerns of developers in Texas and other South Central states. Read more

Wax Affordable

More than 80 affordable housing experts will bring their extensive expertise and knowledge to the table at AHF Live: The 2007 Tax Credit Developers’ Summit, to be held Oct. 24-26 in Chicago.  Read more

Ambitious Green Projects Focus on Basics

The gleaming new solar panels on Trolley Square send a clear message to passers-by that this new affordable mid-rise project is a green building designed to use less energy than conventional construction. Read more

H.R. 2139

Summary: This bill would modernize the manufactured housing loan insurance program under title I of the National Housing Act. Read more

Affordable Goes Online

As the number of people looking for affordable housing on the Internet surges, few affordable housing owners are taking advantage of the marketing and leasing opportunities this presents. Read more

H.R. 2895

Sponsors: Frank, Waters, Miller of California, Ramstad, Velázquez, McHugh, English of Pennsylvania, Green of Texas, Shays, Murphy of Connecticut, Dent, Lee, Renzi, Clay, Smith of New Jersey, Lynch, Hinojosa. Read more

Grain Site Goes Green

MINNEAPOLIS - The 20-story grain elevator towering above a southeast Minneapolis neighborhood isn’t going anywhere. Read more

Viewpoint Beats the Odds

SANDUSKY, OHIO - The deal to rehabilitate Viewpoint Apartments, closed by National Church Residences (NCR) at the end of July, shows how affordable housing developers can recapitalize the oldest Sec. 202 properties for seniors. Read more

Congress Moves to Boost 2008 HUD Funding

Housing advocates can find good news and bad news in the fiscal 2008 Department of Housing and Urban Development (HUD) appropriations bill moving through Congress. Read more

AMI Figures Plummet, Freeze Rents

Say what you like about purchasing power, but average dollar incomes mainly increase. Read more

GE Closes $107 Million LIHTC Investment

GE Real Estate closed one of its largest low-income housing tax credit (LIHTC) deals with a $107 million investment in an affordable housing portfolio across several states. Read more

Changing the Rules

Restrictive design rules have created an affordable housing crisis in many parts of the country, argues Andres Duany, a pioneer in the new urbanism movement and a leader in much of the rebuilding of the Gulf Coast. Read more

HUD Hurdles Threaten Affordable HousingStock

More than 760,000 apartments that now serve some of the nation’s poorest tenants are at risk of being lost as affordable housing in the next three years. Read more

A Time to Move Forward

Affordable housing preservation is a hot topic. This is a good thing. Protecting the existing stock of affordable housing is essential in meeting the nation’s housing needs, and there’s been strong activity on this front throughout the year. Read more

Q&A with Martin Dunn, president of Dunn Development Corp. Q&A with Martin Dunn, president of Dunn Development Corp.

MARTIN DUNN is president of Dunn Development Corp., a firm he founded in 1998 and which specializes in affordable and supportive-housing development in New York City. Read more

Fannie Mae Back on Track

Fannie Mae’s production volume jumped by nearly a third in the first half of 2007 as the government-sponsored enterprise (GSE) improved its loan offerings, added new products, and siphoned off business from conduit lenders. Read more

IRS Proposes Utility Allowance Options

Owners of low-income housing tax credit (LIHTC) properties would have new options for estimating tenant utility costs under a set of proposed regulations being weighed by the Internal Revenue Service (IRS). Read more

HUD Appropriations Funding for 2008

Congress appropriates funds for current federal housing programs annually. Read more

Using State Tax Credits

I am an affordable housing developer, and I just heard about the state low-income housing tax credits (LIHTCs). How does that help me finance my affordable housing development? Read more

LIHTC market steadies LIHTC market steadies

Low-income housing tax credit (LIHTC) prices and yields had stabilized at the mid-year point, with expectations that the market would hold steady for at least the next few months. Read more

Into the Woods

BROKEN BOW, OKLA. - Years ago, Frank Meddock’s son wanted to buy his first home, but he didn’t have quite enough money for the downpayment. Luckily for him, his dad had enough savings to help fill the hole Read more

Break Out of the Box Break Out of the Box

It started in June 2001 with a survey asking neighbors and residents of Seattle’s High Point development which of seven housing types they preferred for the site. Read more

Carpet Cottages the Latest in Low-RiseHousing

he design for the cluster of small houses, with their pitched roofs and clapboard siding, looks like something from another era of New Orleans architecture, but the plan for these “Carpet Cottages” is brand new. Read more

H.R. 1852

Summary: This bill would modernize and update the National Housing Act and enable the Federal Housing Administration to use risk-based pricing to more effectively reach underserved borrowers, and for other purposes.  Read more

H.R. 1982

Summary: This bill would authorize appropriations for HUD’s rural housing and economic development program. Read more

H.R. 2786

Summary: This bill would reauthorize the programs for housing assistance for Native Americans. Read more

Pending Housing and Community Development Bills

The 110th Congress has been busy with housing and community development bills, particularly in the House. Read more

H.R. 1851

Summary: This bill would reform the housing choice voucher program under section 8 of the United States Housing Act of 1937 Read more

The Case for Building Green

or years, many developers thought of “green” and “affordable” as incompatible. Read more

Inclusionary Housing News

A new report by the Non-Profit Housing Association of Northern California shows that 170 jurisdictions in California—32 percent of cities and counties—now have inclusionary zoning policies Read more

The State of Affordable Housing in Texas

Michael Gerber was appointed executive director of the Texas Department of Housing and Community Affairs (TDHCA) in May 2006. Read more

The New Take On Mid-Rise Design The New Take On Mid-Rise Design

A four-story gleaming silver ellipse will feature new condominiums over a two-story café space at the corner of 888 Seventh St. in San Francisco Read more

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