AFFORDABLE HOUSING FINANCE SHINES THE SPOTLIGHT on four individuals—all younger than 40—who are making substantial changes for the affordable housing industry and in the communities where they work.

These 2011 Young Leaders are all involved in the development world—two working on the nonprofit side and two on the for-profit side—and are in different stages of their careers. But one thing is certain, they all possess a passion for knowledge, whether it's mastering the financial side of a deal or the complex regulations, or delving into green building technology. They also give back by volunteering in their communities and giving their time to local and regional organizations.

Karyntha Cadogan, Ken Naylor, Andrea Papanastassiou, and Jimmy Royster are among the next generation of affordable housing development leaders and were nominated by their colleagues and selected by the editors of AFFORDABLE HOUSING FINANCE. Read their stories on the following pages.

We started the Young Leaders program in 2008 to recognize up-and-comers under 40 who are building organizations, leading programs, and ushering in new ways of doing things in the affordable housing industry. We look for people from all industry disciplines, whether its development, finance, law, accounting, or government program administration. They don't have to be workaholics, but they need to be dedicated and hardworking people who have demonstrated that they are committed to the mission of affordable housing and community development.

If you have someone in mind who would be a great candidate for our 2012 Young Leaders, please e-mail Executive Editor Christine Serlin at or look for the call for nominations at in spring 2012.

On The Go

Michaels' Cadogan strives to help communities

Climbing The Ranks

Naylor helps to transform Carlisle Development Group

The 'Developer's Developer'

Eden Housing's Papanastassiou looks to the future of affordable housing

Volunteer Spirit

Royster achieves green initiatives at TAHG, continues commitment to Habitat