June 2010 Table of Contents

Citi Pilots California Bond Program

SACRAMENTO, CALIF.— California officials and representatives of Citi have come up with an innovative plan to help jump-start construction lending for affordable housing projects in the state. Read more

Standing Tall Standing Tall

SAN DIEGO—Three years after plans for a luxury condo project fell through, a landmark affordable housing development has opened on the site. Read more

Google Jumps into the LIHTC Market Google Jumps into the LIHTC Market

Google has stepped into the low-income housing tax credit (LIHTC) market by investing in a pair of California developments. Read more

Connecting the Dots Connecting the Dots

Creating urban, affordable, and energyconscious developments is not just a career for Jonathan F.P. Rose, it's a lifelong passion. Read more

Sustaining Residents

Over my nine and a half years at AFFORDABLE HOUSING FINANCE, I've seen green invade the industry, nearly to the point of ubiquity. Read more

Pop Quiz - Walter Moreau

Walter Moreau is executive director of Foundation Communities, a nonprofit affordable housing developer in Austin, Texas. Read more

QAPs Get Greener

Every state made a clear effort to include and support green building measures into their low-income housing tax credit (LIHTC) programs in 2009. Read more

More Focus Needed on Data Collection More Focus Needed on Data Collection

There is a great deal we know about how to improve the efficiencies and effectiveness of building operations, but there is also a great deal we don't know. Read more

HUD Releases Draft of Bill for Rental Housing Initiative HUD Releases Draft of Bill for Rental Housing Initiative

The Department of Housing and Urban Development (HUD) has released a draft of its transforming rental assistance (TRA) legislative proposal to allow public housing authorities (PHAs) and other owners of subsidized housing to convert to longterm Sec. 8 ass Read more


Brian E. Lawlor has been named commissioner of the New York State Division of Housing and Community Renewal (DHCR) as well as CEO and president of “nyhomes,” which includes the New York State Housing Finance Agency and the St Read more

Project Serves New Home Buyers Project Serves New Home Buyers

SEATTLE— A cafeteria worker at Microsoft, a woman who works for a nonprofit organization, and a couple with a teenage son have become new home buyers. Read more

Next Generation of GSEs

Fannie Mae and Freddie Mac have played a vital role in the affordable housing world, but the government-sponsored enterprises (GSEs) are an endangered species. Read more

PNC Unloads Red Capital

Red Capital Group has come back to its roots as an entrepreneurial firm after being acquired by an investment group led by ORIX USA Corp. and Stonehenge Partners. Read more

Battle to Weatherize Battle to Weatherize

WASHINGTON, D.C.— It's not too late to use stimulus dollars to make your affordable housing properties more energy efficient. Read more

D4 Changes Squeeze Deals D4 Changes Squeeze Deals

Affordable housing developers are leaving no stone unturned in their search for construction debt. Read more

Creating Community Creating Community

SEBASTOPOL, CALIF.— The residents at Petaluma Avenue Homes don't just live near one another. Read more

From Hotel to Housing From Hotel to Housing

PORTLAND, ORE.— Five years, 23 sources of funding, and about 6,000 pages of documents. That and more went into creating a new affordable housing development serving many of the city's neediest residents. Read more

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