Announcing the 5th Annual Readers’ Choice Winners
Affordable Housing Finance’s 35 Readers’ Choice finalists are all deserving projects, but it came down to the magazine’s subscribers to determine the winners in each category as well as an overall winner for the nation’s best affordable housing development.
After tallying the votes, 990 Polk Street in San Francisco came out on top as the overall winner as well as the best seniors development. Developed by nonprofits Citizens Housing Corp. and the Tenderloin Neighborhood Development Corp., this project serves formerly homeless and low-income seniors under one roof. The 110-unit development replaces a gritty parking lot and laundry business in the city’s Tenderloin neighborhood.
The other winners are:
• Family: Grass Creek Village in Anchorage; developed by Cook Inlet Housing Authority
• Green: Renaissance Riverfront Lofts in Denver; developed by the Colorado Coalition for the Homeless
• Historic Rehab: Royalton Apartments in Miami; developed by Carlisle Development Group and Carrfour Supportive Housing, Inc.
• Homeownership: Mandela Gateway Townhomes in Oakland, Calif.; developed by BRIDGE Housing Corp.
• Master-Planned/Mixed-Use: St. Vincent’s Affordable Housing in Santa Barbara, Calif.; developed by Mercy Housing
• Preservation: Spring Creek Gardens in Brooklyn, N.Y.; developed by The Domain Cos. and The Arker Cos.
• Rural: Red Hawk Apartments in Springdale, Utah; developed by Color Country Community Housing, Inc.
• Special-Needs: Rayen Apartments in Los Angeles; developed by A Community of Friends
• Urban: The Preserve in New Orleans; developed by The Domain Cos.
The winners will be honored at a luncheon at the conclusion of AHF Live: The 2009 Affordable Housing Developers’ Summit on Oct. 28 at the Palmer House in Chicago. For more information about the conference, visit www.ahflive.com. To read more about the Readers’ Choice winners, visit http://www.housingfinance.com/ahf/articles/2009/july-august/0709-specialfocus-Affordable-All-Stars.htm.
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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.
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On Aug. 27, ceremonial shovels hit the dirt at Lafitte Street in New Orleans, as the redevelopment of the Lafitte public housing complex got under way.
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The Department of Housing and Urban Development has launched a $50 million effort to provide technical expertise to communities hit hard by foreclosures.
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Sixty-one affordable seniors housing projects will share in $17 million in pre-development grants from the Department of Housing and Urban Development.
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Learn how Freddie Mac is here for the multifamily market. Ensuring that all sectors of the business – conventional, targeted affordable, seniors' housing, student housing, structured transactions and capital markets execution - can rely on a stable source of funding. click here.
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A New Markets Tax Credit group is seeking clarification on the threshold for meeting the housing affordability and substantial rehabilitation requirements contained in the program’s allocation agreement.
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The Treasury Department announced that it is relaxing its policy regarding the time limitation within which state housing credit agencies must disburse low-income housing tax credit (LIHTC) exchange funds.
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Twenty-nine states will share $4.61 million in unused low-income housing tax credit carryover this year, according to a notice published by the Internal Revenue Service.
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 REGISTER TODAY FOR THE DEVELOPER CONFERENCE!
October 12-14, 2009, The Bellagio, Las, Vegas
Amid massive dislocation in America's and the world's economy, development of communities got swept up in the vortex of frozen credit, gun-shy lenders, and a general stigma on real estate among investors and other sources of capital. At the 2009 Developer Conference, find out where opportunities will surface earliest, learn how to leverage design sustainability, energy and water conservation credits, and build a response to the tough challenges facing developers today. Register Now!
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The Nebraska Department of Economic Development has awarded more than $5.4 million in grants as part of the 2009 Nebraska Affordable Housing Program.
FULL ARTICLE
The current financial crisis offers some opportunities along with challenges, providing a unique set of circumstances that can change the affordable housing industry. Rahm Emanuel, a prominent Obama administration official, has publicly stated the crisis should not be “wasted.”
FULL ARTICLE
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 REGISTER TODAY FOR AHF LIVE: THE AFFORDABLE HOUSING DEVELOPERS' SUMMIT!
At the 6th Annual AHF Live event, October 26 - 28, 2009, at the Palmer House in Chicago,
we'll bring you up to speed on the latest developments from Washington and give you the tools and resources you need to continue to build and sustain housing for low-income Americans. Register now!
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Now available: Affordable Housing Finance's newest flipbook edition! See the July/August 2009 issue as it appeared in print; search the entire issue by keyword; link specific pages to Facebook, Digg, and Delicious; and connect with advertisers. You can even save the issue hard drive for when you're not online. It's a 21st century take on an old-school experience.
Sponsored by PNC
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HOUSING FINANCE ONLINE SURVEY
With Congress back from summer recess, it’s unclear where affordable housing issues will stack on the agenda. Do you think legislation pertaining to affordable housing and the low-income housing tax credit will get any traction?
Click Here to take survey
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