March 2010 Table of Contents

Soundtrack Benefits Gulf Rebuilding Soundtrack Benefits Gulf Rebuilding

BRUCE SPRINGSTEEN, Dave Matthews, Sheryl Crow, and the Dixie Chicks are among the big-time artists featured on a new soundtrack raising funds for the Gulf Coast rebuilding efforts of the United Way and Enterprise Community Partners, Inc. Read more

Praying for Cranes Praying for Cranes

For many affordable housing lenders, 2009 will be remembered as a year not worth remembering. Read more

LIHTC Syndicators Hope for Recovery LIHTC Syndicators Hope for Recovery

The outlook for the low-income housing tax credit (LIHTC) market is better in 2010 than last year, according to syndicators. Read more

Harlem Renaissance Harlem Renaissance

The Phipps Houses Group is building 259 new affordable apartments and renovating another building with 81 units in Harlem, with the help of the Tax Credit Assistance Program (TCAP). Read more

TCAP Pushes Denver Project Forward TCAP Pushes Denver Project Forward

Community Housing Concepts, Inc. (CHC), has purchased and preserved the affordability of a 100-unit seniors housing development after working on the deal for years. Read more

Cautious Optimism Continues

Little by little, more optimism seems to be creeping back into the aff ordable housing industry, and that cautious optimism can be seen throughout the pages of this issue. Read more

New Director Takes Over IFA

Joe O’Hern has been named director of the Iowa Finance Authority (IFA). Read more

Stimulus Saves Farmworker Deal Stimulus Saves Farmworker Deal

In 2007, for-profit Pinnacle Housing Group decided to partner again with nonprofit Rural Neighborhoods, Inc., Read more

Solar Installations Energize Residents Solar Installations Energize Residents

The solar energy switch was flipped on Sunwheel Energy Partners’ first set of affordable housing projects in California at the end of January. Read more

HUD Fiscal '11 Budget Unveiled HUD Fiscal '11 Budget Unveiled

The Department of Housing and Urban Development's (HUD) fiscal 2011 budget includes $350 million for a new program to convert about 300,000 public housing and privately owned assisted housing units to project-based subsidies with long-t Read more

The Pathbreaker The Pathbreaker

The Community Builders, Inc. (TCB), is taking a unique approach to reviving neighborhoods hard hit by foreclosures. Read more

Reaching the Summit Reaching the Summit

Every year in Georgia, 600 to 700 youths age out of the foster care system. Read more

Affordable Housing Numbers Decline

FROM 2001 TO 2007, the nation’s affordable rental housing stock decreased by 6.3 percent while the high-rent rental housing inventory increased by 94 percent, according to a recent paper from the Department of Housing and Urban Development (HUD). Read more

Beware of TCAP, Exchange Pitfalls Beware of TCAP, Exchange Pitfalls

The Tax Credit Assistance Program (TCAP) and credit exchange, authorized by the American Recovery and Reinvestment Act (ARRA), saved many tax credit transactions and infused life support to the low-income housing tax credit industry at its time of most di Read more

Close X