The top 50 developers for affordable housing for 2009. Read more
The top 50 AHF owners for 2009 Read more
SACRAMENTO, CALIF.—The California Tax Credit Allocation Committee (CTCAC) postponed its first round of allocating low-income housing tax credits so it could put into place the many provisions of the new American Recovery and Reinvestment Act. Read more
Rebates Energize Solar Retrofits
Affordable housing owners who want to retrofit their developments to go solar in California have an additional rebate incentive to help them do so. Read more
With an eye toward new technologies and advances in sustainable design, Affordable Housing Finance magazine challenged architects to use their imagination to envision what affordable housing will look like in the year 2020. Read more
Connecting Housing and Health
OAKLAND, CALIF.—Two critical needs—affordable housing and health care— are being met inside Seven Directions. Read more
POAH Focuses on Policy
DENVER—The deteriorating housing market of Florida recently became an important backdrop for Boston-based Preservation of Affordable Housing, Inc. (POAH), on a twofold basis. Read more
Compliance Science
FOSTER CITY, CALIF.—Managing the compliance process for a single affordable housing property often means wading through regulations. Read more
SAYING THE COUNTRY had lost sight of the importance of rental homes in a balanced national housing policy, MacArthur Foundation leaders announced that they are investing $32.5 million to fund affordable housing preservation efforts in 12 states, cities, and counties. Read more
Keeping the Faith
DENVER—This is how many aff ordable housing units Mercy Housing owns: 14,515. This is how many units Mercy has in some phase of development: 5,400. And this is how many Mercy wants to participate in over the next fi ve years: 65,000. Read more
A Room With a View
SPRINGDALE, UTAH—The new Red Hawk Apartments had to be as special as its dramatic setting. Read more
The massive $787 billion American Recovery and Reinvestment Act (ARRA) included funding and program changes aimed at jump-starting the stalled low-income housing tax credit (LIHTC) market this year. Read more
People: Kenney Moves to IHDA's Top Post
Mary R. Kenney was named executive director of the Illinois Housing Development Authority (IHDA). Read more
Fannie Mae is offering competitively priced debt for the affordable housing industry as it mulls a return to the taxexempt bond credit-enhancement market. Read more
Ten Fifty B Rising
SAN DIEGO—While many affordable housing developers in California are struggling with the state’s freeze on bond funds, at least one development is proceeding as expected. Read more
Housing and Economic Recovery Act: Median Incomes and Rent Growth at LIHTC Properties
The impact of the Housing and Economic Recovery Act of 2008 (HERA), as reflected in the 2009 median family incomes (MFI), has brought a welcome reversal to the problem of no rent growth at Sec. 42 low-income housing tax credit (LIHTC) properties, along with a few other benefits for underwriting rents. Read more
THE CONNECTICUT HOUSING FINANCE AUTHORITY (CHFA) has the greenest low-income housing tax credit (LIHTC) program in the country, according to an analysis by Global Green USA. Read more
THE LOCAL INITIATIVES SUPPORT CORP. (LISC) invested $826 million in equity, loans, and grants in 2008 as part of its Building Sustainable Communities work. Read more
ALBANY, N.Y. Offi cials celebrated the opening of Jared Holt Mews Townhouses, which marks the completion of the fi rst phase of a $22 million revitalization effort of the city’s South End. Read more
The news continues to be bleak, and signs of the economic downturn on the affordable housing industry are evident in AFFORDABLE HOUSING FINANCE’s exclusive rankings of the Top 50 owners and developers. Read more
WASHINGTON, D.C. Carol Galante is taking her experience as an affordable housing developer to the Department of Housing and Urban Development (HUD). Read more
ST. LOUIS— MCCORMACK BARON SALAZAR, INC., started seven developments with 1,026 affordable housing units in 2008 and hopes to start another eight projects this year. Read more
Obama Outlines Spending Plans
President Barack Obama has outlined a fiscal 2010 budget that provides more funding for federal housing programs, including $1 billion for the national Affordable Housing Trust Fund. Read more
This year's Top 50 developers started 23,428 affordable housing units in 2008. Each one has some extra sweat and maybe a tear or two on them. Read more
Artspace creates and fosters affordable space for artists and arts organizations. That mission includes building some of the most creative affordable housing developments around. Read more
Officials at Oregon Housing and Community Services (OHCS) are using a new analysis of unmet housing needs to help determine where low-income housing tax credits and other limited resources are distributed. Read more
PEP's Most Ambitious Project
PETALUMA, CALIF.—The 58-unit Casa Grande Senior Apartments is the largest and most innovative development that PEP Housing has built in its 30-year history. It is also the model that the nonprofit organization will use for all future projects. Read more