July 2009 Table of Contents

Rural Finalists

METROPOLIS, ILL. Massac County Mental Health had trouble finding homes for its clients, so it took a leap and found a way to help build the needed housing. Read more

Green Finalists

GREENSBURG, KAN. Prairie Pointe Townhomes marks a big step in the revival of this rural community. Read more

Latent Power

Sometimes, the answer to your software needs might be hiding in plain sight. Read more

FHA Courts Affordable Developers FHA Courts Affordable Developers

Tax credit developers are turning to the Federal Housing Administration (FHA) as they get set to ramp up longdormant projects. Read more

Family Finalists

BOWLING GREEN, KY.. Some low-income parents trying to further their post-secondary education and become self-sufficient have a new place to call home. Read more

Urban Finalists

OAKLAND, CALIF.Young adults who have nowhere to go when they age out of the foster-care system have found a home at the Madison at 14th Street Apartments. Read more

Worries Grow Over Major Portfolio Sales

The possibility of Freddie Mac and Fannie Mae selling a large portion of their lowincome housing tax credit (LIHTC) portfolios looms over the struggling tax credit market. Read more

Affordable All-Stars

Thirty-five diverse developments from around the nation have been selected as finalists for AFFORDABLE HOUSING FINANCE's fifth annual Readers' Choice Awards. Read more

Seniors Finalists

HAYWARD, CALIF.The construction of 104 new apartments and the rehabilitation of 149 existing units come together at Paulson Park Senior Apartments. Read more

Master-Planned/Mixed-Use Finalists

ALEXANDRIA, VA. Real estate’s timeless secret, they say, is location, location, and air rights to a location. Read more

Special-Needs Finalists

BALTIMORE After beginning as a home for a wealthy family, the Margaret Jenkins House served as an orphanage and a school for African-  Read more

Report Paints LIHTC Picture

LOW-INCOME HOUSING TAX CREDIT (LIHTC) developments placed in service in 2006 had an average annual tax credit allocation per unit of $8,321, according to an update to the Department of Housing and Urban Development’s LIHTC database. Read more

Frank Drafts Major Preservation Bill Frank Drafts Major Preservation Bill

House Financial Services Committee Chairman Barney Frank (D-Mass.), a longtime advocate of preservation as a key element in the nation’s affordable housing strategy, has drafted a comprehensive bill to save the urban and rural low-income housing inventory. Read more

Historic Rehab Finalists

DURAND, MICH. For some seniors here, their next apartment could have a familiar view. Read more

More Families Living on Edge

THE NUMBER OF HOUSEHOLDS spending more than half of their incomes on housing jumped to 17.9 million in 2007, a 30 percent hike from 2001, according to the new State of the Nation’s Housing report from Harvard University’s Joint Center for Housing Studies. Read more

Homeownership Finalists

OAKLAND, CALIF. The éclat that accompanied BRIDGE Housing's opening of a transformational new transit village a stone's throw north of the West Oakland Bay Area Rapid Transit station reached a high point in October 2004. Read more

Deals Closing in New York Deals Closing in New York

NEW YORK CITY It seemed like old times at the May conference of the New York State Association for Affordable Housing (NYSAFAH), held at the Marriott Marquis Times Square. Read more

HUD No Longer a Dud

WASHINGTON, D.C. When I arrived here as an eager college graduate in 1979, I had a case of Potomac Fever. I believed the federal government was a force for good, and I wanted to help all those smart people shape policy and save the world. Read more

Preservation Finalists

BROOKLYN, N.Y. To keep hundreds of apartments at Spring Creek Gardens affordable, developers had to fight off a string of speculators who saw an opportunity to raise the rents. Read more

Atlanta Razes Last Large Project

A BULLDOZER TORE DOWN Bowen Homes, marking the end of Atlanta's large public housing projects. Read more

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