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FROM THE EDITOR

Christine Serlin, Editor
cserlin@hanleywood.com

Back to Basics

Affordable Housing Finance magazine’s sister publication, Apartment Finance Today, held its annual conference last week in Phoenix for multifamily owners and developers. Many industry leaders predicted the rough road to continue for the multifamily industry over the next 12 to 24 months.

However, industry leaders like former Department of Housing and Urban Development Secretary Henry Cisneros and Marcus & Millichap Managing Director Linwood Thompson really focused in on the high levels of demand the multifamily industry is going to see in the future based on population and demographic trends.

When speakers gave their key takeaways at the end of panel discussions, most of the suggestions went back to the basics.

Some important advice was shared that easily can cross over to the affordable housing side of the industry: Be brutally honest about your business; communicate with your lenders often; lock, load, and go long; keep your properties in top shape; strive to retain your residents; and work hard. Focusing on the fundamentals of your business will help position you for the long run.

How do you keep track of the rules and regulations, the ins and outs of managing your HUD or LIHTC housing portfolio? Count on Quadel for expert training.

Learn more.

WEB EXCLUSIVE

EAH Completes Difficult Deal

EAH Housing has closed one of the most complicated transactions in its long history to take over a large affordable seniors housing community in Napa, Calif.
FULL ARTICLE

Legislation Watch: Housing Bills Introduced

Several housing-related bills have been introduced recently in the House of Representatives, including legislation aimed at boosting the Sec. 811 program.
FULL ARTICLE

Seattle Project Saves Taxpayers $4 Million

An innovative supportive-housing development saved taxpayers more than $4 million over the first year of operation, according to a new study.
FULL ARTICLE

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N.J. Nonprofit Makes Bulk Mortgage Purchase

A New Jersey nonprofit organization has taken a big step toward stabilizing its neighborhoods that have been hit by foreclosures.
FULL ARTICLE

States Begin Planning for ARRA Changes

California and Michigan are among the states that have released proposed regulation changes to incorporate the new American Recovery and Reinvestment Act resources into their low-income housing tax credit programs.
FULL ARTICLE

Affordable Housing Design in 2020

With an eye toward new technologies and advances in sustainable design, Affordable Housing Finance magazine challenged architects to use their imagination to envision what affordable housing will look like in the year 2020.
FULL ARTICLE

Reduce Bad Dept, Cut Costs, Ensure Compliance and Increase Occupancy

TotalScreen®, designed specifically for the multifamily industry, is the most advanced and feature-rich web-based resident screening tool available. With exceptional flexibility, speed, and accessibility, TotalScreen® delivers comprehensive reporting options with access to the highest quality data, including:

•Credit Screening
•Criminal and Premium Criminal Screening
•Eviction/Landlord & Tenant Records Screening
•National Address Search
•Management Reporting
•And Much More

For more information, please visit www.rentgrow.com or call 800.736.8476 x400.

SNEAK PEAK AT THE APRIL/MAY ISSUE

When Does the Recovery Start?

The massive $787 billion American Recovery and Reinvestment Act (ARRA) included funding and program changes aimed at jump-starting the stalled low-income housing tax credit (LIHTC) market this year.

A panel of leading affordable housing developers and experts tells Affordable Housing Finance the prospects for the market in the wake of the legislation.

The participants weigh in on what they like about the bill, what else needs to be done to encourage LIHTC investments, and whether more deals will be done in 2009 than last year. The panel is made up of members of Affordable Housing Finance’s Editorial Advisory Board.

FULL ARTICLE

Enter the 2009 MFE AWARDS!

Do your multifamily projects demonstrate innovation in architecture, floor plan efficiency, interior design, landscaping? Do your initiatives include creative technology solutions to increase efficiency and profitability? Does an executive at your company exemplify dedication to providing exceptional multifamily housing, exemplary customer service and strong financial performance? Don't miss the opportunity for your projects, leaders and initiatives to shine, enter the 2009 Multifamily Executive Awards– the leading awards honoring excellence in the multifamily housing industry. Enter online, www.mfeawards.com.

HOUSING FINANCE ONLINE POLL

How difficult has it been to obtain construction financing for your affordable housing developments so far in 2009?

TAKE THE POLL

Events/Announcements

AHF Readers' Choice Entries Due April 17
Download Affordable Housing Finance's Readers' Choice nomination form for the nation's top developments in 2008 and 2009 in Word and PDF formats

HOUSING FINANCE
SOCIAL NETWORK

AHF 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.

AHF Launches
Facebook Group
Affordable Housing Finance has launched a Facebook
group, allowing readers the opportunity to network and dialogue with one another about the industry's issues, while following the latest developments from the magazine.

Follow AHF on Twitter
Affordable Housing Finance readers can also follow breaking news and industry updates on twitter.com/AHFMag.

Contact

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

To reach AFFORDABLE HOUSING FINANCE online editor Spencer Markey, e-mail smarkey@hanleywood.com.

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