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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

The Small Things Count

I spent most of last week on calls with Affordable Housing Finance’s Readers’ Choice Awards finalists (we’ll be announcing the finalists in July). The developers of these properties shared the most wonderful stories about their residents and what that housing means to those families.

I couldn’t get one specific story out of my head over the weekend. It was my last call on Friday, and it was with a service provider at a supportive-housing development in Southern California. She recently received 20 boxes of donated children’s books and let the children from the development come into her office to pick the ones they wanted. She said they were so excited about the opportunity, and some even left carrying stacks of books. The parents also were pleased, saying it would help the children keep up their reading skills over the summer.

And then President Obama’s summerlong United We Serve, which focuses on the goal of a sustained, collaborative, and focused effort to meet community needs and make service a way of life, kicked off Monday. Department of Housing and Urban Development Secretary Shaun Donovan spent Monday working on homes in New Orleans, and U.S. Commerce Secretary Gary Locke read to children in a Mesa, Ariz., homeless shelter. After reading and hearing about how all these extra efforts are creating a positive effect in these communities, I came to the realization that I needed to do something extra myself. Don’t get me wrong, I contribute to specific causes, and my husband and I are a big couple to a 13-year-old through Big Brothers Big Sisters. But I wanted to do something specific to affordable housing.

I loved the book story so much that I decided to call a local developer here in the Boise, Idaho, area yesterday morning about the possibility of donating books for their summer and after-school programs. The woman I spoke with sounded excited. I hope the kids are just as excited when I make the book delivery.

It might be a small gesture, but if others go out and volunteer or contribute in their communities, they all add up to make a huge difference.


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WEB EXCLUSIVE
Panel Predicts Improved LIHTC Market
The second half of 2009 will be better than the first for the low-income housing tax credit (LIHTC) market, according a panel of investors and other industry experts.
FULL ARTICLE

Report Calls for Better Oversight of Public Housing Agencies
The Department of Housing and Urban Development’s (HUD) oversight processes should focus more on identifying potential inappropriate use of mismanagement of public housing funds, according to a new report by the Government Accountability Office (GAO).
FULL ARTICLE

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Field Report: A Roundup of Recent Affordable Housing Deals
The Cabrillo Economic Development Corp. (CEDC) has announced that residents have begun moving into two new developments here.
FULL ARTICLE

Atlanta Says Farewell to Last Large Public Housing Building
A bulldozer began tearing down Bowen Homes this month, marking the end of the city’s large public housing projects.
FULL ARTICLE

Report Paints Picture of LIHTC Properties
Low-income housing tax credit (LIHTC) developments placed in service in 2006 had an average annual tax credit allocation per unit of $8,321, according to a new update to the Department of Housing and Urban Development’s LIHTC database.
FULL ARTICLE

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From the Latest Issue
Phoenix Fights Foreclosures
As foreclosures spread like a plague, this city stands as one of the hot zones. FULL ARTICLE

Thinking Big
Mayor Adrian M. Fenty has set some ambitious housing goals for his first term. Elected in 2006, he says he’s on track to create and preserve 10,000 affordable housing units in four years.
FULL ARTICLE

Calling for More Funds
Mayor Tom Leppert and seven other big-city mayors in Texas recently joined forces to request $25 million from the state to combat homelessness.
FULL ARTICLE

HOUSING FINANCE ONLINE SURVEY

How will the tax credit market fare in the second half of 2009 compared with the first half?

Click Here to take 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
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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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