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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
Christine Serlin, Editor
cserlin@hanleywood.com

Well-Deserved Recognition

The last few weeks have been busy—but rewarding—for the editors of Affordable Housing Finance. It’s that time of year for judging the annual Readers’ Choice Awards to select some of the nation’s top affordable housing developments and for making the final selections on the magazine’s 2009 Young Leaders.

Response was up this year for nominations for both the Readers’ Choice Awards and the Young Leaders program. I think that’s partly in response to many in the industry wanting to share their good news and promote the work they are doing and the young people taking initiative during these tough economic times.

The 2009 Young Leaders make up a diverse group. Many are developers—both for-profit and nonprofit—spread out across the country, and others are more focused on the policy and finance side. But they all have one thing in common: They are all working toward the common goal of affordable housing. We’ll take a closer look at these individuals in the September issue and talk with them about the challenges they face as young leaders in the affordable housing industry.

Choosing the finalists for the Readers’ Choice Awards, which will appear in the July/August issue of the magazine and on www.housingfinance.com, has been especially challenging this year. These nominations are all worthy, and it’s really hard to pick one project over another when you read about the populations they serve, the services they provide, the communities they change for the better.

But Affordable Housing Finance still has one project to complete this summer: Choosing its 2009 Affordable Housing Hall of Fame inductees, which will be honored at a luncheon concluding the AHF Live conference Oct. 26-28 at the Palmer House in Chicago. The 2009 inductees will join some good company: Richard Baron of McCormack Baron Salazar; the late Terrence Duvernay, who headed the Michigan State Housing Development Authority and the Georgia Housing Finance Agency; Bart Harvey of Enterprise; Conrad Egan of the National Housing Conference; Nic Retsinas of Harvard’s Joint Center for Housing Studies; and Reps. Charles Rangel and Barney Frank, to name a few.

Help us add to this great list. If you would like to suggest someone for this honor, please e-mail me at cserlin@hanleywood.com. And stay tuned in the coming months for a closer look at these astonishing and quite deserving people and projects.


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WEB EXCLUSIVE
Affordable Housing Finance Announces 2009 Young Leaders
Affordable Housing Finance is honoring 12 hardworking and dedicated individuals who are among the next generation of affordable housing and community development leaders.
FULL ARTICLE

Second Wave of ARRA Funds Released
Iowa, Maine, New Hampshire, Rhode Island, and Washington will receive a combined $133 million under the low-income housing tax credit (LIHTC) exchange program.
FULL ARTICLE

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Enterprise Turns Its NMTC Award to Green
COLUMBIA, MD.—Enterprise will use its new $95 million New Markets Tax Credit (NMTC) award to finance environmentally sustainable developments in low-income communities.
FULL ARTICLE

FHLBank of San Francisco Announces AHP Awards
SAN FRANCISCO—Forty-two affordable housing developments will receive $30.3 million through the Federal Home Loan Bank of San Francisco’s Affordable Housing Program (AHP).
FULL ARTICLE

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From the Latest Issue
The View from City Hall
The need for affordable housing is surging in cities across the nation, according to leading mayors.
FULL ARTICLE

Mining from the Past
Minneapolis—R.T. Rybak mines important lessons out of the old streetcar cities of the past. There, he finds inspiration, if not possible solutions, for many of the problems confronting cities today.
FULL ARTICLE

Leading the Way
BOSTON—Thomas Menino likes a tough job. The longtime mayor of Boston used to work as a Sec. 8 program administrator for the state.
FULL ARTICLE

Tax Credit Attorneys Discuss Strategy for Overcoming Eligibility Issues
This article details an often overlooked solution for developers who are facing difficulty satisfying eligibility requirements because of construction or lease-up delays on multiple building projects financed with low-income housing tax credits (LIHTCs). The same solution also may offer relief to developers of certain LIHTC projects intended to qualify as scattered-site projects.
FULL ARTICLE

Controlling LIHTC Property Taxes
When it comes to property tax considerations for affordable housing, one expert summed it up well. He wrote: “Opinions on the proper assessment of affordable housing real property are varied, and decisions on the best method to use in developing these assessments vary from jurisdiction to jurisdiction.”
FULL ARTICLE

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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
LinkedIn Group

Affordable Housing Finance has launched a LinkedIn group, giving readers another venue to network and dialogue with one another about the industry's issues.

AHF's 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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