July 2011 Table of Contents

Housing Affordability Challenges Increase Housing Affordability Challenges Increase

HOUSING AFFORDABILITY challenges are moving up the income scale,according to the Joint Center for Housing Studies of Harvard University. Read more

Green Finalists Green Finalists

CHICAGO—Branch of Hope Apartments almost fell victim to the financial meltdown and depressed low-income housing tax credit equity market with an approximate $8.5 million financing gap. But fortunately the 100-unit supportive-housing project, develop Read more

Seniors Finalists Seniors Finalists

SAN FRANCISCO— Affordable housing and health care for seniors come together at The Coronet. Read more

NSP Funds Supportive-Housing Project NSP Funds Supportive-Housing Project

RIVER EDGE Behavioral Health Center recently opened 18 units of housing for formerly homeless and mentally ill individuals and families in Macon, Ga Read more

2011 AHF Readers' Choice Awards 2011 AHF Readers' Choice Awards

HERE THEY ARE—the finalists of AFFORDABLE HOUSING FINANCE’S seventh annual Readers’ Choice Awards. Read more

Family Finalists Family Finalists

The St. Bernard public housing development in the Gentilly neighborhood had been in decline for years, with only 900 of 1,400 public housing units occupied in August 2005 when Hurricane Katrina caused massive flooding and more damage. Read more

Gauging the Guaranteed Market

Increased activity in the low-income housing tax credit (LIHTC) market looks to carry over into guaranteed funds this year. Read more

Making a Stand in Cleveland Making a Stand in Cleveland

CLEVELAND PIRHL, a 6-year-old affordable housing development firm, is about to make its mark in its hometown. Read more

Federal Support for Affordable Housing May be Cut After GSEs

A reduced federal role in the secondary mortgage market may mean less direct support for affordable housing, and that has advocates concerned. Read more

Another Preservation Perspective

It was reported in the June 2011 issue of AFFORDABLE HOUSING FINANCE that 45 states are including preservation incentives in their qualified allocation plans. Read more

Transformation Rolls On

CHICAGO With each unit built or rehabbed, the Chicago Housing Authority (CHA) moves a step closer to completing its massive Plan for Transformation. Read more

Bonds Away

In some ways, Freddie Mac’s Targeted Affordable Housing (TAH) network has been a victim of its own success. Read more

Historic Rehab Finalists Historic Rehab Finalists

KANSAS CITY, MO.— The former Federal Courthouse in Kansas City had been home to Harry S.Truman's senatorial offices and had been the setting for several landmark Thurgood Marshall civil rights cases. Read more

Rural Finalists Rural Finalists

HEALDSBURG, CALIF.— Before she moved into Foss Creek Court, Vivian lived for a year in a local homeless shelter—even though she works full time at a school cafeteria in nearby Novato. Read more

Urban Finalists Urban Finalists

DISTRICT OF COLUMBIA—3Tree Flats provides five stories of mixedincome housing above a neighborhood primary health center. Read more

Preservation Finalists Preservation Finalists

Major Funders: Citi Community Capital; Enterprise Community Investment; Hawaii Housing Finance and Development Corp. Read more

Family Finalists Family Finalists

Major Funders: AEGON USA Realty Advisors; Oak Grove Capital; Regions Bank; Freddie Mac; Housing Authority of New Orleans; Louisiana Housing Finance Agency; Louisiana Office of Community Development; Department of Housing and Urban Development Read more

Special-Needs Finalists Special-Needs Finalists

Major Funders: JPMorgan Capital Corp.; National Affordable Housing Trust; City of Columbus; Franklin County; Ohio Housing Finance Agency; Department of Housing and Urban Development; Community Shelter Board; Federal Home Loan Bank of Cincinnati; Huntingto Read more

Master-Planned/Mixed-Use Finalists Master-Planned/Mixed-Use Finalists

STATEN ISLAND, N.Y.—Natasha Chapman lived at Markham Gardens back when it was one of the most run-down properties managed by the New York City Housing Authority (NYCHA). Read more

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