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.
|
| Advertisement |
|
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.
|
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
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
| Advertisement |
Outperform the competition with Yardi Voyager™ Affordable Housing, the industry's leading fully integrated compliance, accounting, and property management software suite. To find out more, click here.
|
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
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
| Advertisement |
 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.
|
The need for affordable housing is surging in cities across the nation, according to leading mayors.
FULL ARTICLE
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
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
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
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
| Advertisement |
Pinnacle is your real estate solution, providing unmatched expertise and an unwavering commitment to your success. Our customizable services include: • Property Management • Disposition Services • Asset Management • Joint Ventures • Development & Acquisitions • Work Outs • Construction Management • Receiverships Achieve extraordinary performance with Pinnacle. Call us today at 206-215-9700 or visit PinnacleAMS.com.
|
|
HOUSING FINANCE ONLINE SURVEY
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 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
Subscribe
Subscribe to AFFORDABLE HOUSING FINANCE Magazine.
Advertise
Advertise in AFFORDABLE HOUSING FINANCE Update.
|