June 2009 Table of Contents

Featured
Stable Prices, Tough Standards

Freddie Mac is providing competitively priced debt for the affordable housing industry as it mulls securitizing some of its affordable housing products. Read more

Supportive Housing Hit Hard

The economic downturn is taking a toll on some of the people who need resources and housing the most. Funds and investors are taking to the sidelines, and special-needs projects are being put on hold, in some cases for an unknown amount of time. Read more

Struggling to Close Struggling to Close

LANSING, MICH.— Keith Molin thinks investors in low-income housing tax credits (LIHTCs) should take a good look at his state. Read more

Affordable, If You Can Find It

While construction financing remains relatively affordable, fewer deals are penciling out these days, and underwriting standards continue to tighten. Read more

Mining from the Past Mining from the Past

Minneapolis—R.T. Rybak mines important lessons out of the old streetcar cities of the past. Read more

Controlling LIHTC Property Taxes Controlling LIHTC Property Taxes

When it comes to property tax considerations for affordable housing, one expert summed it up well. Read more

Tax Credit Attorneys Discuss Strategy for Overcoming Eligibility Issues Tax Credit Attorneys Discuss Strategy for Overcoming Eligibility Issues

This article details an often overlooked solution for developers who are facing difficulty satisfying eligibility requirements because of construction or lease-up delays on multiple building projects financed with low-income housing tax credits (LIHTCs). Read more

Mayors Leading the Charge

With foreclosures and job losses continuing to rise, the need for safe and decent affordable housing also continues to rise. Read more

Struggling to Close Struggling to Close

LANSING, MICH.— Keith Molin thinks investors in low-income housing tax credits (LIHTCs) should take a good look at his state. Read more

Disaster Turns a Town Green

GREENSBURG, KAN.—This town could have been a memory after May 4, 2007, when a tornado blew through the streets, knocking down just about every wall and killing 11. Read more

The Cost of Housing The Cost of Housing

CHARLESTON, S.C.—Joseph P. Riley Jr. is serving an unprecedented ninth term as mayor of this Southern city. Read more

More Officials Tapped for HUD

Sandra Henriquez, who has led the Boston Housing Authority for the past decade, and Mercedes Marquez, general manager of the Los Angeles Housing Department, are in line for key federal housing positions. Read more

Phoenix Fights Foreclosures Phoenix Fights Foreclosures

PHOENIX—As foreclosures spread like a plague, this city stands as one of the hot zones. Read more

After the Storms After the Storms

HOUSTON— Mayor Bill White has faced some huge issues since taking office in 2004. Read more

Leading the Way Leading the Way

BOSTON—Thomas Menino likes a tough job. The longtime mayor of Boston used to work as a Sec. 8 program administrator for the state. Read more

Calling for More Funds Calling for More Funds

DALLAS—Mayor Tom Leppert and seven other big-city mayors in Texas recently joined forces to request $25 million from the state to combat homelessness. Read more

Seattle Mayor Pushes Housing Levy Seattle Mayor Pushes Housing Levy

SEATTLE—On three occasions, the voters here agreed to raise their taxes to support affordable housing. Read more

Rehab Brews in Milwaukee

MILWAUKEE— Those seeking affordable shelter in this city have to look no further than Gorman & Co.'s newest rehabbed project, Blue Ribbon Lofts. Read more

POP Quiz

Philip Mangano began working with the homeless as a volunteer on a Boston breadline in the 1980s. Read more

Keeping Austin Affordable Keeping Austin Affordable

AUSTIN, TEXAS—A popular bumper sticker here reads “Keep Austin Weird.” Read more

Model Project on the Brink

MANKATO, MINN.— Pieces of concrete recently began to fall from the parapet of Orness Plaza—and that's just the beginning. Read more

The View from City Hall The View from City Hall

The need for affordable housing is surging in cities across the nation, according to leading mayors. Read more

Baltimore Eyes New Programs to Boost Housing Baltimore Eyes New Programs to Boost Housing

BALTIMORE— Much of this city's housing stock is more than 50 years old compared with an average of 30 years or more for the rest of the country. In addition, 80 percent of Baltimore's rental units are owned by “mom-and-pop” landlords—those who own fewer than five units. Read more

What's Ahead for Enterprise

COLUMBIA, MD.—Charles Werhane has taken over Enterprise Community Investment, Inc., at a critical time. Read more

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