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Affordable Housing Finance is pleased to announce the finalists of its sixth annual Readers’ Choice Awards for the nation’s best developments of 2009-2010. FULL ARTICLE Six public housing authorities (PHAs) have been awarded $113.6 million in HOPE VI grants to transform distressed public housing units, with an added twist of incorporating early childhood education programs into their plans.
FULL ARTICLE Bank of America reported providing $168.2 billion in community development lending and investing, including $147 billion in affordable housing, during the first year of a 10-year community development goal.
FULL ARTICLE Compared to what’s being offered in the private sector, the rates and terms of the Federal Housing Administration’s Sec. 221(d)(4) program for new construction loans are more than attractive.
FULL ARTICLE A quirky dynamic is at play these days at the government-sponsored enterprises (GSEs)—borrower scrutiny is at an all-time high, even as credit conditions begin to loosen. FULL ARTICLE Affordable Housing Finance recently caught up with Shelley Poticha, director of the Office of Sustainable Housing and Communities at the Department of Housing and Urban Development (HUD). Poticha is responsible for advancing housing and communities that promote affordable, livable, and sustainable living environments. She also provides technical and policy support for energy, green building, and integrated housing and transportation programs at HUD and around the nation.
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HOUSING FINANCE ONLINE SURVEY The Department of Housing and Urban Development recently released a draft of its transforming rental assistance legislative proposal to allow public housing authorities and other owners of subsidized housing to convert to long-term Sec. 8 assistance through project-based vouchers or a new project-based contract program. Affordable Housing Finance wants to know readers’ thoughts on this initiative.
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