July 2008 Table of Contents

Putting Final Touches on Housing Bill

Legislators in the House and Senate are working on the pieces of what promises to be a landmark housing bill, combining mortgage foreclosure relief, affordable housing, Federal Housing Administration (FHA) modernization, government-sponsored enterprise reform, and expanded tax incentives. Read more

Deeper In Debt - In a Good Way

LAFAYETTE, COLO. Nothing says “green building” like $1 million in solar panels. It’s impossible to miss the panels at Eagle Place Townhomes. Read more


CHICAGO – A joint venture between local developer Senior Lifestyle Corp. and Beloved Community, a nonprofit community development arm of St. Sabina Church here, has completed a complex for seniors with low incomes and is seeking to build more affordable units in the city for seniors. Read more

The God Connection

WASHINGTON, D.C. Aplain brick building on the edge of this city’s impoverished Congress Heights neighborhood marks the beginning of a new wave of development here. Read more

Homestead Audit Concludes

Homestead Capital, a nonprofit syndicator of low-income housing tax credits (LIHTCs) that came under investigation last year, avoided penalties but not the criticism of the Oregon Department of Justice, which reviewed the compensation and expenses paid to the organization’s former president and CEO. Read more

Overcoming NIMBY Opposition

There’s no magic bullet when it comes to fighting NIMBY. Different strategies work at different times, according to several leading affordable housing developers, all of whom have faced NIMBY opposition during their careers. Read more

Q & A with Jeff Kittle, executive vice president and managing director of Herman & Kittle Properties, Inc.

JEFF KITTLE is executive vice president and managing director of Herman & Kittle Properties, Inc., an Indianapolis-based developer and one of the largest owners of affordable housing in the country. Read more

Swap Meet

It may not be the only game in town, but Freddie Mac’s swap product is the most compelling thing in the market these days for developers using tax-exempt bonds to fund their projects. Read more

Working It Out

The Federal Housing Administration (FHA) offers several options to borrowers in default or struggling to make debt-service payments on their FHA-insured loans. Read more

Fighting For Change

The legacy of Clara Fox is standing tall all around this city. In 1969, Fox founded Settlement Housing Fund, one of the city’s first and most innovative private nonprofit housing developers. Read more

A Fight in Woodstock

Kevin O’Connor wants to build the most innovative affordable housing project in upstate New York. Read more

Virtual Site Acquisition

A new Web site aims to make the land procurement process easier for affordable housing developers. QCTsites.com, launched in June, is an online database of Qualified Census Tract (QCT) and Difficult Development Area (DDA) opportunities. Read more

Young CEO Turns Carlisle, Florida Housing On Its Ear

Editor’s note: AFFORDABLE HOUSING FINANCE has selected 15 outstanding industry leaders under the age of 40. These 15 individuals will be featured in the June, July, September, October, and November issues of AFFORDABLE HOUSING FINANCE. For a complete list of the 2008 Young Leaders, go to www.housingfinance.com or see the ad on page 50. Read more

Q & A with NIMBY Expert Debra Stein

Developers spend too much time and resources trying to placate their anti-housing opponents rather than mobilizing pro-housing supporters, according to Debra Stein, president of GCA Strategies, a San Francisco-based public affairs firm specializing in controversial land-use projects across the country. Read more

LIHTC Investors on What's Driving Them

Pat Nash’s phone has been ringing off the hook. The longtime low-income housing tax credit (LIHTC) investor has had a hectic 2008, with an unprecedented number of requests coming from developers and tax credit syndicators. Read more

Picking Up the Pieces

Greater Miami Neighborhoods (GMN), a wellknown nonprofit developer of affordable housing in Miami-Dade County, had been in business since 1985. Read more

Quantity is Good

RIDGELAND, MISS. Quad States Construction, LLC, an affordable developer based here, proves that quantity is a good thing, especially in rural areas with a dearth of affordable housing options. Read more

Waking Up to Workforce Housing

Across the South, cities, counties, and regional government groups are waking up to the need for workforce housing. Read more

War Stories

Affordable housing developers have the battle scars to show for each project that they have built and every one that was denied. Read more

Attacks on Homeless Increase in 2007

THE NUMBER OF FATAL ATTACKS on the homeless rose 40 percent in 2007 over the prior year, according to the National Coalition for the Homeless (NCH) and the National Law Center on Homelessness & Poverty, which reported that 28 homeless individuals were killed in these attacks last year. Read more

Let’s See Your Scars

NIMBY (Not In My Back Yard) resistance is on the rise, but developers must continue the fight to produce quality affordable housing and serve low- and moderateincome Americans. Read more

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