September 2009 Table of Contents

Featured
Hopes Ride on Strong Second Half

Low-income housing tax credit (LIHTC) syndicators are counting on a strong finish after a slow first half to open the year. Read more

Turning Away from Fannie Mae Turning Away from Fannie Mae

A s affordable housing developers get set to ramp up dormant projects, Fannie Mae's high rates on forward commitments are forcing many to look elsewhere for debt. Read more

Life Goes On Life Goes On

Mark Shelburne counts 26 affordable housing developments lined up to trade in the low-income housing tax credits (LIHTCs) they won in 2008 for cash Read more

HUD Dream Team HUD Dream Team

Shaun Donovan has taken over the Department of Housing and Urban Development (HUD) in the midst of a housing crisis that saw 1.5 million properties fall into foreclosure in the first half of the year, a doubledigit increase from the first six months of 2008. Read more

The Next Generation The Next Generation

Passionate about affordable housing, innovative, and enterprising are all fitting descriptions for AFFORDABLE HOUSING FINANCE's 2009 Young Leaders. Read more

New Head of CDLAC Appointed

SACRAMENTO, CALIF.—Sean L. Spear has been named executive director of the California Debt Limit Allocation Committee (CDLAC) by state Treasurer Bill Lockyer. Read more

Hotel project provides housing while rescuing city’s pastThe Grand Apartments in Roseburg, Ore.Roseburg, Ore. Hotel project provides housing while rescuing city’s pastThe Grand Apartments in Roseburg, Ore.Roseburg, Ore.

Roseburg, Ore. – A derelict hotel that stood empty for 45 long years has been reinvented as the Grand Apartments, a home for young single mothers and other low-income residents Read more

AHC Returns to Familiar Site AHC Returns to Familiar Site

ARLINGTON, VA.— The search for new opportunities has led a prominent affordable housing developer back to familiar ground. Read more

Addressing the Changing Landscape Addressing the Changing Landscape

Developers and owners have been hit hard over the last year with a struggling lowincome housing tax credit market and troubled fi- nancial markets. Read more

Turning Blight into Sustainability Turning Blight into Sustainability

LA QUINTA, CALIF.—National Community Renaissance recycled a blighted 92-space mobile home park into an 80-unit sustainable affordable housing development, with the help and the vision of the city of La Quinta. Read more

HUD May Get More Money HUD May Get More Money

Congress seems poised to approve a fiscal 2010 Department of Housing and Urban Development (HUD) appropriations bill (H.R. 3288) that provides more money for key programs than the Obama administration requested. Read more

Hagan Sees Hopeful Signs Hagan Sees Hopeful Signs

CHICAGO—Joe Hagan is feeling better about the low-income housing tax credit (LIHTC) market these days. Read more

Henriquez Becomes Assistant Secretary for Public Housing

One of the first tests for Sandra Henriquez and other officials at the Department of Housing and Urban Development (HUD) has been to respond to a critical Sec. 8 funding shortfall in many communities. Read more

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