April 2010 Table of Contents

ABOUT 44 PERCENT of public housing residents in Chicago between 18 and 61 years old are working or attending school, reported the Chicago Housing Authority (CHA), which instituted a work requirement for its leaseholders about a year ago. Read more

Michigan State Housing Development Authority (MSHDA) officials knew they had an opportunity to take a bite out of the state's housing and economic crisis. Read more

PLYMOUTH, MINN.— Paul Sween likens the affordable housing business to planting oak trees. In both, the work requires patience, and the rewards come slow. Read more

Cris White has been identified as the top pick to become executive director and CEO at the Colorado Housing and Finance Authority (CHFA). Read more

It's hard enough to develop affordable housing, but Lowell Barron II has the added challenge of building in small, rural communities, where financing can be even more elusive than other parts of the country. Read more

House Financial Services Committee Chairman Barney Frank (D-Mass.) has introduced a long-awaited affordable housing preservation bill (H.R. 4868) that has been under development for almost a year, but owners say they can't support it be Read more

Common Ground hopes to open the doors on three new permanent supportive-housing developments this year. Read more

CEDAR RAPIDS, IOWA—In June 2008, the Cedar River crested to its highest level in the city’s history, damaging or destroying more than 5,000 homes and displacing 18,000 residents. Read more

With more than 180,000 public housing units, the New York City Housing Authority is by far the nation’s largest public housing authority (PHA). Read more

FOR EVERY $1 MILLION of funding from the Federal Home Loan Bank of Atlanta’s Affordable Housing Program (AHP), $14.3 million of housing is built or rehabilitated, according to a new study. Read more

National Church Residences (NCR), the owner of 240 affordable housing developments across the country, opened its first affordable assisted-living community in Ohio in 2009. Read more

The low-income housing tax credit (LIHTC) industry can breathe a little easier this year: Freddie Mac is not actively pursuing a sale of its tax credit portfolio. Read more

The numbers tallied from AFFORDABLE HOUSING FINANCE’s exclusive rankings of the Top 50 owners and developers for the April/ May issue tell a good portion of the story that was 2009: Not as many deals got done. Read more

House Financial Services Committee Chairman Barney Frank (D-Mass.) has introduced a long-awaited affordable housing preservation bill (H.R. 4868) that has been under development for almost a year, but owners say they can't support it be Read more

The first months on the job for Gloria L. Materre, executive director of the Illinois Housing Development Authority (IHDA), have been busy. Read more

The future of the Sec. 202 program is in doubt, as the 61-year-old program suffers budget cuts and a proposed moratorium on new construction. Sec. 202, which provides subsidies and grants for the construction of housing for very low-income seniors, was on Read more

As the affordable housing industry tries to rebound from a blistering year marked by a critical drop in capital, the Affordable Housing Investors Council (AHIC) will have plenty of work ahead. Read more

Carlisle Development Group is one of the most active developers in Florida. Read more

Specializing in housing for families and seniors earning no more than 60 percent of the area median income, Pennrose Properties owns 157 affordable housing developments with more than 8,500 affordable units. Read more

With a focus on affordable housing, Conifer Realty, LLC, develops, constructs, owns, and manages all of its apartment communities. Read more

Affordable housing starts were way below prior years in 2009, according to AFFORDABLE HOUSING FINANCE's survey of developers. Read more