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AFFORDABLE HOUSING FINANCE: Your trusted online source for news, resources, and financing ideas for the affordable housing and multifamily housing industries.
Christine Serlin, Editor
cserlin@hanleywood.com

Exciting and Inspiring Times. This is an exciting time of year for us at AFFORDABLE HOUSING FINANCE. We’re in the process of judging the Readers' Choice entries to determine the nation's best affordable housing developments of 2007-2008. Times are challenging, but developers nationwide are finding ways to create affordable housing that is helping to revitalize neighborhoods and to serve such diverse populations. These are really impressive stories, and we can't wait to share the finalists with you in the August issue.

We have also recently named our 2008 Affordable Housing Hall of Fame inductees. These five individuals have worked tirelessly over the years for the affordable housing industry and are well-deserving of this honor. These inductees will be honored at a luncheon at the conclusion of AHF Live: The 2008 Tax Credit Developers' Summit Nov. 5-7 at the Hyatt Regency Chicago. We will feature profiles of the inductees over the coming issues.

  • June: Conrad Egan, president and CEO of the National Housing Conference
  • July: The late Clara Fox, founder of the Settlement Housing Fund
  • September: U.S. Rep. Barney Frank
  • October: Nicolas Retsinas, director of Harvard University’s Joint Center for Housing Studies
  • November: Carla Hills, former secretary of the Department of Housing and Urban Development

Read more about Exciting and Inspiring Times.

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The problem of rising home loan foreclosures is a problem for low-cost rental housing, according to a recent report, Mortgage Turmoil Contributes to Rental Affordability Woes, by Harvard University’s Joint Center for Housing Studies, which also was supported by the John D. and Catherine T. MacArthur Foundation.
FULL ARTICLE

One of the nation’s largest affordable housing developers and syndicators has been purchased by the newly formed venture of MacFarlane Costa Housing Partners (MCHP).
FULL ARTICLE

The change back to the historical norm of 1.25x DSCR is a reflection of the reduced competitive environment, as conduit lenders continue to wait on the sidelines. It’s also partly a reflection of concern for the overall economy.
FULL ARTICLE

The top affordable housing owners and developers are revealed in our exclusive lists. See how many units are owned and how many units were started in 2007 by the leading companies. The NRP Group topped the list of developers with more than 1,700 units started last year, and the Michaels Development Co. was the largest owner with more than 40,000 units.
COMPLETE SPECIAL REPORT

Like the national syndicators, state and local equity funds are figuring out ways to adapt and raise capital. Fund leaders also say that the lower prices and a smaller amount of capital in the market will mean that some affordable housing deals just won’t get done.
FULL ARTICLE

Special Report from MULTIFAMILY EXECUTIVE magazine

A month after the resignation of Alphonso Jackson from HUD, developers and housing authorities across the country are unsure what the future holds. In this special Web report, the editors of our sister publication MULTIFAMILY EXECUTIVE offer insight into the source of the controversy in hopes of enlightening our readers as HUD enters a new era. Read the complete speical report.


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HOUSING FINANCE BLOG

Read about deals, subsidies, gossip, taxes, and sneaky fine print in the world of rental real estate, from the editors and writers of AFFORDABLE HOUSING FINANCE here.

Contact

To reach AFFORDABLE HOUSING FINANCE Editor Christine Serlin, please e-mail cserlin@hanleywood.com

To reach AFFORDABLE HOUSING FINANCE online editor John Butterfield, e-mail jbutterf@hanleywood.com.

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