May 2008 Table of Contents

AHF Wins Two Journalism Awards

AFFORDABLE HOUSING FINANCE and Editor-in-Chief Andre Shashaty were recently recognized with two Jesse H. Read more

Fannie, Freddie Post Record Years, On Pace for Another

Fueled by a torrential second half, Fannie Mae and Freddie Mac both announced that their multifamily volume in 2007 hit record highs, at $60 billion and $44.7 billion respectively. Read more

Pioneering Minds

Eden Housing has never forgotten its roots. Read more

Dodd Introduces Sec. 8 Voucher Reform Bill

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) has introduced a Sec. 8 voucher reform bill (S. 2684), improving the chances for enactment of voucher legislation before the 110th Congress adjourns. Read more

Reader Input Helps Shape 10-Point Plan for Next President

AFFORDABLE HOUSING FINANCE readers have spoken on the subject of housing policy priorities for the next president of the United States, and their top recommendation is to provide more rental subsidies. Read more

Security First

Security measures are likely to save you more than peace of mind even if no crime is ever committed on your property. Read more

Midwest HFAs Focus on Foreclosures

For many Midwest cities, the recent foreclosure crisis has made an already bad situation much worse. Read more

Q & A with Renee Rooker, executive director of the Walla Walla (Wash.) Housing Authority

MEET RENEE ROOKER, executive director of the Walla Walla (Wash.) Housing Authority. She has led the agency since 1991, and during her tenure, the organization has received local and national recognition for its housing and economic development programs. Read more

NRP Diversifies to Grow

GONZALES, LA -- The Louisiana office of The NRP Group, LLC, opened in May 2006 in a single-family home in this small town outside of New Orleans. It was just nine months after Hurricane Katrina made landfall. Read more

View From the Top

Developers making the AHF Top 50 list this year started an impressive 30,957 affordable housing units in 2007. That's 32 percent more than the number of starts produced by last year's top developers. Read more

Good Samaritan On a Clear Path

The Evangelical Lutheran Good Samaritan Society opened its first house in 1922 in Arthur, N.D., as a haven for children with polio. Read more

Another Side of Aimco

DENVER -- Best known for its substantial market-rate property portfolio, Apartment Investment and Management Co. (Aimco) has also claimed a big stake in affordable housing. Read more

Foster Kids No More

GRASSBORO, N.J. -- Fire trucks have been called to the Life Link Homes here seven times since construction finished last October. Read more


MIDLAND, MICH. -- Brookstone Capital, a Midland-based developer, has completed two affordable housing projects in Michigan. Read more

Rooting Out Jackson's Legacy

WASHINGTON, D.C. —I did not celebrate when Alphonso Jackson resigned as secretary of the Department of Housing and Urban Development (HUD) on March 31. Read more

Historic Tax Credits Remain Strong

One basic law of Newtonian physics—what goes up must come down—seems not to apply to prices for federal historic rehabilitation tax credits. Read more

Jackson's Resignation: Opening New Chapter at HUD?

A troubled era in the 42-year history of the Department of Housing and Urban Development (HUD) ended when Alphonso Jackson resigned last month as the agency's 13th secretary. Read more

Turning a Corner

MINNEAPOLIS -- After two freeways cut off the Phillips neighborhood from Minneapolis' central business district in the 1960s, businesses there either failed or left—and the area turned into a hotbed for drug trafficking and prostitution. Read more

State LIHTC Funds Prepare for Tough Year

When 2007 came to a close, the Great Lakes Capital Fund had raised a record $220 million in low-income housing tax credit (LIHTC) equity. Read more

LISC Writes the Book on Green

SAN FRANCISCO -- The homeowners at Unity Homes here aren't experts in green building, but they're still in charge of a renovation that is making their community of aging government-subsidized co-op apartments a healthier, more energy-efficient place to live. Read more

Close X