September 2008 Table of Contents

Housing as the Best Cure

The best medicine for many illnesses is often an affordable home, according to Dr. Megan Sandel. She would know. Read more

Debt Up, LIHTCs Way Down

Fannie Mae invested $10 million in low-income housing tax credits (LIHTCs) through the first half of 2008, a precipitous drop from the $620.5 million mid-year 2007 mark, and just 1 percent of the $1 billion in investments registered through mid-year 2006. Read more

Mixing It Up

The information presented here is intended solely for informational purposes and should not be construed as accounting advice from the author or Reznick Group. Read more


CHICAGO Nearly nine years into what was called a 10-year program to transform public housing, this city has completed only 30 percent of the plan’s most ambitious component—tearing down housing projects and replacing them with new neighborhoods with mixed-income populations. Read more

Work in Progress

It didn’t take long for Katrina to sweep through the Gulf Coast and displace thousands of New Orleans residents. Read more

A Master Legislator

Barney Frank may be the best friend that the affordable housing industry has ever had in the halls of Congress. Read more


MEET BRUCE GUNTER, president of Progressive Redevelopment, Inc. (PRI), a leading nonprofit housing developer in Georgia. Read more

Inside the HFAs Inside the HFAs

Ten HFA executives from around the nation discuss their priorities and the latest changes to their LIHTC QAPs. Plus: the market trends they’re watching, from demographics and affordability to high prices for construction and land. Read more

Young Developer Makes Her Stand in the Tenderloin

SAN FRANCISCO - Diep Do is helping to change the city's tough Tenderloin neighborhood one building at a time. Read more

Out of Balance

Barbara Harvey lives in her car, driving to a parking lot each evening to spend the night and then leaving shortly after the sun rises. Read more

Pains and Gains

Gains made by affordable housing developers in the South Central region have been overshadowed by controversy over a state auditor’s report regarding the performance of the Missouri Housing Development Commission (MHDC). Read more

A Victory for Housing

July 30 was a victorious day for the affordable housing industry. Read more

IRS Waives Rules to Aid Flood Victims

THE INTERNAL REVENUE SERVICE (IRS) is suspending certain requirements under the low-income housing tax credit program in Indiana, Iowa, and Wisconsin so that owners of facilities in these states can provide housing to victims of recent storms and flooding. Read more

Study Paints Somber Housing Outlook

EMERGING FROM today’s housing slump could take some time, according to The State of the Nation’s Housing, a yearly report released by the Joint Center for Housing Studies of Harvard University. Read more

New Topics Planned for AHF Live ’08

Find out what the future holds for affordable housing amid a grim economic climate and the promise of a new administration at this year’s AHF Live: The Tax Credit Developers’ Summit. Read more

HUD Project Goes Solar

RICHMOND, CALIF - The 378 affordable apartments at Crescent Park here were mold-ridden, water-damaged, and inefficient. Read more

The Case for Preservation

Last September and October, housing officials sat across a table from the owners of Starrett City, the nation’s largest privately owned affordable housing complex, located in Brooklyn, N.Y. Read more

A HUD Budget Increase?

The Senate Appropriations Committee has approved a fiscal 2009 funding bill that would provide a substantial boost over current-year funding as well as the president’s budget request for the Department of Housing and Urban Development (HUD). Read more

At the Starting Line in Texas

Two Texas developers are ready to get rolling on affordable housing projects for two different constituencies— rural residents and seniors— after receiving funding awards from the Texas Department of Housing and Community Affairs (TDHCA). Read more

Businesses Feel the Housing Pinch

A lack of affordable housing is making it difficult for companies to hire and retain entry- and mid-level workers. Read more

For-Sale Housing from NMTCs

COLUMBUS, OHIO - Vacant houses in neighborhoods like American Addition and North of Broad here are getting a second chance, thanks to the New Markets Tax  Read more

Close X