They say great minds think alike. As we worked on the profiles of the 2007 inductees into our magazine’s Affordable Housing Hall of Fame for this issue, I realized that powerful leaders often dream alike. Read more
Freddie Mac recently rolled out a new streamlined acquisition - financing product aimed at new borrowers seeking acquisition loans of Freddie Mac-financed properties. Read more
We need your help to identify the future leaders of affordable housing and community development. Read more
The waves caused by a downturn in investor interest last fall may still be felt in the low-income housing tax credit (LIHTC) market going into the next year. Read more
GLENS FALLS, N.Y. On Aug. 16, workers began tearing down the Henry Hudson Apartments, ripping the roof off a nearly 40- year-old townhouse with a bulldozer. Read more
When it comes to company tag lines, ShoreBank Corp. Read more
Here’s a small mercy as other programs decline: A conservatively estimated $26 million will be available in Community Development Financial Institutions (CDFI) program grants for fiscal 2008, and if early congressional actions are any indication, the grant amounts could come close to doubling. Read more
For John Pritscher, fighting social injustice was not the passing fancy of a young idealist. It was a life-long calling. Read more
MINNEAPOLIS Dale Joel is hoping that a workforce housing development will be just the beginning of a massive mixed-use, transit-oriented development that will transform a south Minneapolis neighborhood. Read more
BROOKLYN, N.Y.—A developer here is doing something smart: Adding supportive-housing units to an affordable housing property. Thanks to state incentives, this move is helping to offset development costs. Read more
Richard Baron has not only built thousands of units of affordable housing across the country, he’s also built developments that transform inner-city neighborhoods. Read more
It’s easy to get discouraged by the challenges of developing affordable housing. Read more
The popular affordable housing bus tour is once again a part of the agenda at this year’s AHF Live: The Tax Credit Developers’ Summit. For an additional fee, conference attendees can tour a dozen affordable housing properties in Chicago. Read more
Rising interest rates have hurt some affordable housing deals as the rate of defaults on single-family home loans rises out of control and lenders tighten underwriting standards or turn away from many types of real estate. Read more
CHICAGO Interfaith Housing Development Corporation of Chicago (IHDCC) is building three affordable housing projects in three different neighborhoods in the city, and like the other developments the small nonprofit organization has created, the new housing will be unique. Read more
Gale Cincotta’s street-smart protest tactics were legendary among Chicago housing activists. Read more
Familiar local issues combined with recent changes to federal programs are making the Midwest affordable housing markets more challenging for area developers. Read more
After several years of vertigo from soaring construction costs, developers are getting some relief as prices drop for lumber and gypsum wallboard. Read more
MIKE LOFTIN has been the executive director of Homewise, Inc., in Santa Fe, N.M., since 1992. Founded in 1986, the nonprofit organization has helped more than 1,600 people purchase their homes and more than 800 people keep their homes by providing financial and technical assistance for home repair. Read more
When Moon Landrieu was confirmed by the Senate to head the Department of Housing and Urban Development (HUD) in 1979, top staffers paraded around the HUD building with a jazz band from the new secretary’s native New Orleans. Read more
CHICAGO A private-public initiative will provide $12 million in financing to help affordable housing owners replace windows in about 2,000 apartments that city officials say are likely contaminated with lead-based paint because of their age. Read more
Since the housing credit program was enacted in 1986, low-income housing tax credit (LIHTC) investments have demonstrated a highly predictable return for investors over their 15-year life. Read more
About two dozen protesters temporarily seized control of the offices of the Housing Authority of New Orleans (HANO) on Aug. 31, protesting the lack of public housing in the city in the wake of Hurricane Katrina. Read more
GUARDIAN MANAGEMENT, LLC, a Portland, Ore.-based real estate investment and management firm, has adopted a no-smoking policy at about 8,000 conventional and affordable housing units across the West. Read more
When Hurricane Katrina knocked down trees and cut electrical power to Meridian, Miss., Read more
Cutting utility costs is a smart way to control operating expenses, and it can lead to a cleaner environment to boot. Read more
MISSION, S.D. When developer Tom Costello began building townhomes on the Rosebud Indian Reservation in Mission, S.D., he was astounded at the pent-up demand. Read more
The House Financial Services Committee has approved legislation (H.R. 2985) to create a national affordable housing fund, bringing advocates one step closer to their goal of a dedicated funding source for housing aid. Read more
As the single-family housing market began to tank last year, many developers expected construction costs for apartments to drop. Read more