March 2007 Table of Contents

Featured
Mixed-Finance Projects Proceed DespiteHurdles

As public housing authorities (PHAs) move to tap new resources to build and rehabilitate housing, they are creating new competition for private developers, but they also offer opportunities for collaboration in addressing the large unmet need for rehabbing and replacing their aging apartments. Read more

Pioneering Deal Uses NMTCs for Housing-OnlyProject

Pasadena, Calif. - In the expensive Southern California housing market, crafting a financing structure that yields homeownership costs affordable to low-income buyers is enormously challenging. Read more

Experts See Room for Further Price Decline

The low-income housing tax credit (LIHTC) market is in flux, looking for the right balance between prices and yields in early 2007, according to several leading tax credit syndicators. Read more

Home Sales Fill Funding Gap for Mixed-Income Redevelopments

Chicago - Despite the lack of new HOPE VI funding, this city is continuing to transform its older public housing projects into mixed-income communities by using a grab bag of other subsidies and by hitching a ride with the city’s market-rate home sales market. Read more

Ready to Pounce

While many lenders saw their Federal Housing Administration (FHA) volume decline in 2006, others made strides by positioning themselves in niche areas where the FHA continues to expand. Read more

How to Fix Public Housing:Q&A with Chicago Mayor Richard Daley

The Chicago Housing Authority’s (CHA) Plan for Transformation is a long-term effort to renew the physical structure of CHA properties, promote self-sufficiency for public housing residents, and reform administration of the CHA. Read more

Yardi, RealPage Bolster Compliance Offerings

Some of the largest affordable housing software providers, including RealPage, Inc., and Yardi Systems, are integrating new compliance features with their flagship product lines in 2007. Read more

Milford Fights Budget, Builds for the Future

MILFORD, CONN. - All the appliances had been ripped out of the kitchen, and the unpainted squares they left behind were patterned with mold. But cleaning up the last few public housing apartments at Allan Jepson Manor here will take more than new sinks and a fresh coat of paint. Read more

Yardi, RealPage Bolster Compliance Offerings

Some of the largest affordable housing software providers, including RealPage, Inc., and Yardi Systems, are integrating new compliance features with their flagship product lines in 2007. Read more

Ready to Pounce

While many lenders saw their Federal Housing Administration (FHA) volume decline in 2006, others made strides by positioning themselves in niche areas where the FHA continues to expand. Read more

Fighting For The Future

San Francisco - After a decade of solid progress in improving management and redeveloping their most distressed properties, public housing authorities (PHAs) face a new crisis, according to a roundtable discussion convened by Affordable Housing Finance magazine. Read more

Backsliding on Public Housing

When the revolutionary idea that the government should build federally owned housing for the poor became law in 1937, opponents said it would bring the evils of socialism and fought to stop construction in some cities. Read more

How to Fix Public Housing:Q&A with Chicago Mayor Richard Daley

The Chicago Housing Authority’s (CHA) Plan for Transformation is a long-term effort to renew the physical structure of CHA properties, promote self-sufficiency for public housing residents, and reform administration of the CHA. Read more

Influential Architect Designs for Homeless

World-renowned architect Helmut Jahn is known for designing corporate headquarters and international airports. He can now add affordable housing to his resume. Read more

Milford Fights Budget, Builds for the Future

MILFORD, CONN. - All the appliances had been ripped out of the kitchen, and the unpainted squares they left behind were patterned with mold. But cleaning up the last few public housing apartments at Allan Jepson Manor here will take more than new sinks and a fresh coat of paint. Read more

Mixed-Finance Projects Proceed DespiteHurdles

As public housing authorities (PHAs) move to tap new resources to build and rehabilitate housing, they are creating new competition for private developers, but they also offer opportunities for collaboration in addressing the large unmet need for rehabbing and replacing their aging apartments. Read more

Home Sales Fill Funding Gap for Mixed-Income Redevelopments

Chicago - Despite the lack of new HOPE VI funding, this city is continuing to transform its older public housing projects into mixed-income communities by using a grab bag of other subsidies and by hitching a ride with the city’s market-rate home sales market. Read more

Supporters Push for HOPE VI Renewal

Several leaders in the new Democratically controlled Congress want to renew HOPE VI with significant funding, but their plan faces an uphill battle against a rising budget deficit and the Bush administration’s opposition to the program. Read more

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