October 2009 Table of Contents

National LIHTC Pool Announced

Twenty-nine states will share $4.61 million in unused low-income housing tax credit carryover this year, according to a notice published by the Internal Revenue Service Read more

IHDA Names New Executive Director

Chicago—Gloria L. Materre, deputy chief of staff for Gov. Pat Quinn, has been appointed executive director of the Illinois Housing Development Authority (IHDA). Read more

McEvoy Victorious for the LIHTC McEvoy Victorious for the LIHTC

The low-income housing tax credit (LIHTC) has had many struggles throughout its existence, not just the one that is affecting the affordable housing industry today. Read more

Syndicator Eyes Return to Market

BOSTON Boston Financial Investment Management is preparing its first low-income housing tax credit (LIHTC) fund since its change from MMA Financial. Read more

POP Quiz POP Quiz

Meet David Bland, chairman of Travois, Inc., a Kansas City, Mo.-based firm that specializes in assisting Native Americans to build affordable housing. Read more

The Case for Preservation The Case for Preservation

One of the best arguments for preserving affordable housing emerges out of the wreckage left by the housing and financial crisis. Read more

Hope and Worry Hope and Worry

Here's the good news: Deals are moving again. Developers in South Central states are closing the financing and starting construction on scores of stalled affordable housing projects throughout the region. Read more

Five Who Have Shaped the Industry

AFFORDABLE HOUSING FINANCE’s five Affordable Housing Hall of Fame inductees this year all have been trailblazers in serving low-income Americans. Read more

Goldman Sachs Plans for Growth

NEW YORK The Goldman Sachs Group has stepped up to fund several notable low-income housing tax credit (LIHTC) transactions, a sign of the company’s growing community development business. Read more

Habitat Orlando Goes Multifamily Habitat Orlando Goes Multifamily

THE FIRST FAMILIES have moved into Staghorn Villas, the most ambitious project undertaken by Habitat for Humanity Orlando. Read more

Keep Your Eyes Peeled

As the banking industry continues to struggle through the recession, access to construction capital isn’t getting any easier. Read more

Preservation Priority for HUD Preservation Priority for HUD

WASHINGTON, D.C.—I am delighted to serve as a guest editor of AFFORDABLE HOUSING FINANCE, particularly because this issue’s focus is on housing preservation, which is so closely aligned with our work at the Department of Housing and Urban Development (HUD). Read more

NYC Targets Unsold Condos, Stalled Projects NYC Targets Unsold Condos, Stalled Projects

UNSOLD CONDOMINIUMS, unrented apartments, and stalled construction sites will be turned into affordable housing under a new program launched by the New York City Department of Housing Preservation and Development (HPD). Read more

The Big (Un)Easy The Big (Un)Easy

NEW ORLEANS On Aug. 27, ceremonial shovels hit the dirt at Lafitte Street, as the redevelopment of the Lafitte public housing complex got under way. Read more

Green Building Sprouts in Detroit Green Building Sprouts in Detroit

DETROIT Partners nonprofit Northwest Detroit Neighborhood Development, Inc. Read more

Revitalizing R Street Revitalizing R Street

WASHINGTON, D.C. More than 10,000 affordable housing units could be lost in Washington, D.C., by next year as owners contemplate exiting government programs and raising rents, according to the National Housing Trust. Read more

Giving and Taking Away Giving and Taking Away

While Freddie Mac's debt offerings continue to feature attractive rates, the company's potential sale of its low-income housing tax credit (LIHTC) portfolio has sent chills throughout the affordable housing industry. Read more

Inspiring a Change in Public Housing Inspiring a Change in Public Housing

ATLANTA The city isn't the same since Renée Lewis Glover arrived. Read more

Knight Dedicated to Industry Knight Dedicated to Industry

When I met George Knight, he was already a national leader in affordable housing. I would say he was a giant in the field, but that suggests a sort of towering presence that would have made him wince. Read more

More LIHTC Guidance Issued More LIHTC Guidance Issued

The Treasury Department and Department of Housing and Urban Development (HUD) have issued additional guidance on the low-income housing tax credit (LIHTC) exchange program and Tax Credit Assistance Program (TCAP), with Treasury solving one major problem for credit swap participants by extending the disbursement deadline. Read more

Murphy Builds a National Power Murphy Builds a National Power

DENVER Sister Lillian Murphy easily recalls many of the families that have found a second chance at one of Mercy Housing's many developments. Read more

Terner Relentless in Pursuit of Housing Terner Relentless in Pursuit of Housing

Don Terner changed my life. I first met Don as a burnt-out, lost graduate student at University of California Berkeley in 1976. Read more

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