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U.S. Sen. Charles E. Schumer announced that he is pushing legislation to help provide more affordable housing options for military service members. The Military Families Affordable Homes Act of 2009 would enable more military personnel to apply to live in designated affordable housing communities.
FULL ARTICLE Silverwood Cos. of Reston, Va., has led a group of local investors in buying The Fields of Westover, a 305-unit affordable housing community in Falls Church, Va. The deal is Silverwood’s first affordable rental property purchase since 2005.
FULL ARTICLE The Goldman Sachs Urban Investment Group announced that it has invested $61 million in the New York Equity Fund (NYEF), the largest single investment in the fund’s history. FULL ARTICLE Los Angeles Mayor Antonio Villaraigosa has announced Doug Guthrie as his pick to become the general manager of the city's Housing Department.
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The shortage of homes affordable to the nation’s poorest households grew significantly last year, according to new research by the National Low Income Housing Coalition. FULL ARTICLE The Department of Housing and Urban Development is hosting a series of online presentations on new mortgage rules.
FULL ARTICLE The National Affordable Housing Management Association (NAHMA) has partnered with ApartmentSmart.com to launch NAHMA Maps, a Web-based mapping tool. FULL ARTICLE Apartment Investment and Management Co. (Aimco), one of the largest multifamily owners and managers, is establishing the Aimco Cares Opportunity Scholarship to provide funds for residents of affordable housing to attend college.
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HOUSING FINANCE ONLINE SURVEY As the end of the year nears, what do you think was the best news event for the affordable housing industry in 2009?
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