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Innovative, diverse, and green: That’s what describes the projects selected to receive AFFORDABLE HOUSING FINANCE’s 2007 Readers’ Choice Awards for the Nation’s Best Affordable Housing Developments. The 36 finalists yielded a tie for best overall project, and nine category winners.
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A weak economy, softening prices for some market-rate apartments, reduced homebuilder demand for land, and serious talk of streamlining FHA multifamily programs all bode well for getting deals done in 2008.
Entering Uncharted Waters Construction Financing Unscathed by Credit Crunch Tax-Exempt Bond Financing Weathers the Storm Enacted in 1977, the Community Reinvestment Act pushed banks to serve inner-city districts. Thirty years later, widespread success is celebrated, but more needs to be done.
Experts Review Progress, Future Goals for CRA CRA’s Anniversary: Much to Celebrate and Much Yet to Do The John D. and Catherine T. MacArthur Foundation will invest $150 million to preserve and improve at least 300,000 units of affordable rental housing nationwide, tripling a commitment announced four years ago.
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Officials hope a $500,000 fund created by the Fresno City Council will spark new affordable housing projects for families whose income falls below the average for the area.
The move is part of a larger effort to build 10,000 affordable housing units by 2010, aka Mayor Alan Autry's "10-by-10 plan."
FULL ARTICLE The new Broward County Housing Authority units are for tenants can't earn more than 60 percent of the area's median income, with some units set aside for very low-income residents who qualify for Section 8 housing subsidies.
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AFFORDABLE HOUSING FINANCE NOVEMBER 2007
Online Now! Events/Announcements
AHF RECEIVES AWARD
Check our online calendar for upcoming events. AHF LIVE 2007
CONFERENCE COVERAGE AHF Live: The Tax Credit Developers’ Summit provided over 600 industry attendees with opportunities to learn and network during the three-day conference at the Hyatt Regency in Chicago, Oct. 24-26. Check out conference coverage here. 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. Subscribe
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