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FROM THE EDITOR

Andre Shashaty, Editor
ashashaty@hanleywood.com

Capital Ideas. Finding equity for tax credit deals could get a lot harder, but construction and permanent loans should get a little easier and cheaper in 2008. Our editors do the math for you in our exclusive 2008 Capital Markets Forecast in the November issue of AHF. But we do more than report the trends. Our goal is to help you get your deals done and achieve your mission despite the odds. Your success is our real product. It's not business, it's personal with me, and I want to see you at our upcoming conference, AHF LIVE, The Tax Credit Developers’ Summit. I worked hard to bring together the best speakers in the business for well-planned interactive sessions that will definitely not waste your time. Can you come? Let me know. It takes place Oct. 24 to Oct. 26 in Chicago. Get details at www.ahflive.com. And drop me a line to let me know what you most want to learn about. Thanks.

Andre Shashaty

WEB EXCLUSIVE

Workforce Housing Goes Mainstream

As the housing credit crisis on Wall Street stretched into its third month, Moody’s Investors Service issued a report trumpeting the “great demand” for housing targeted to workers such as teachers, policemen, and nurses.
FULL ARTICLE

New York City Economic Development Corporation (NYCEDC) is seeking proposals for the sale and redevelopment of a site, potentially 300,000+ sq ft, located within the newly approved Jamaica Rezoning District in Jamaica, Queens.

RESPONSES ARE DUE NO LATER THAN 4:00 p.m. on Thursday, November 29, 2007. Submission guidelines and requirements are outlined in the RFP, which can be downloaded at www.nycedc.com/rfp, or picked up at NYCEDC, 110 William Street, 6th floor, New York, NY, Monday - Friday, between 9:30 a.m. and 4:30 p.m.

THE MAGAZINE

Affordable Housing Hall of Fame

AFFORDABLE HOUSING FINANCE is inducting five individuals who have made and continue to make major contributions to this industry into its Affordable Housing Hall of Fame. We are proud to showcase these deserving individuals in this month's issue.
FULL ARTICLE
WATCH SLIDESHOW

COVER STORY: A Framework for Success

Led by Gladys Jordan, the Interfaith Housing Development Corporation of Chicago, has started construction on three supportive-housing developments this year. They concentrates on developing the projects, while its community partners focus on providing services and programs.
FULL ARTICLE

SPECIAL FOCUS: Rising Construction Costs

Learn how to deal with rising construction costs in this month's special focus.
Construction Still a Pain in the Wallet
What’s Up, What’s Down
Stories from the Front

INDUSTRY NEWS

Jackson’s Stake in HOPE VI Developer Raises Questions

AHF has been investigating HUD Secretary Alphonso Jackson’s holding in Columbia for the past several months and has raised questions about it with HUD, none of which have been answered. A news report in the National Journal last week revealed that Jackson holds a stake valued at as much as $500,000 in Columbia Residential, LLC.
FULL ARTICLE

The Capital One Community Development Finance Group is responsible for both originating community development loans and investments and managing its portfolio with assets in our bank markets of New York, New Jersey, Virginia, Texas and Louisiana.

We currently have openings for an experienced Loan/Investment Officer in NYC, a head of Portfolio Management and a head of Loan/Investment Administration in NYC or Washington, D.C. and an underwriter in NYC, Washington, D.C. or Houston, TX. Re-location assistance available.

If you are interested in one of these exciting opportunities, please email your resume to celeste.dwyer@capitalone.com.

R.I. Housing, Urban League get HUD Housing Counseling Awards

U.S. Sen. Jack Reed announced that Rhode Island organizations will receive $213,547 from the U.S. Department of Housing and Urban Development to help local families find and responsibly finance affordable housing.
FULL ARTICLE

Officials Move Forward on Affordable Housing in Florida

Plans to reinvigorate the city of Boynton will rely on the funding of a $21 million project using low-income housing tax credits, offered by Florida Housing Finance Corp. that provides developers subsidies in exchange for affordable housing.
FULL ARTICLE

AFFORDABLE HOUSING FINANCE OCTOBER 2007
Online Now!

Events/Announcements

AHF LIVE!
October 24-26, 2007
Chicago, IL

Check our online calendar for more upcoming events.

AHF BEST OF 2006-2007

Read about the 36 finalists for the 3rd Annual Readers' Choice Awards.

HOUSING FINANCE 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.

Contact

To reach AFFORDABLE HOUSING FINANCE Executive Editor Christine Serlin, please e-mail cserlin@hanleywood.com

To reach AFFORDABLE HOUSING FINANCE online editor Jaime Windon, e-mail jwindon@hanleywood.com.

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