April 2012 Table of Contents

Featured
HUD Awards $201 Million For Local Homeless Programs

HUD awards nearly $201 million to support 731 new local homeless programs nationwide. Read more

Continued Growth Continued Growth

The NRP Group starts more than 2,000 units in 2011. Read more

12 Firms Receive Energy Innovation Funds

HUD awards nearly $23 million in early March to a dozen organizations to test new and innovative ways to cut energy bills and to finance energy-efficiency upgrades in existing multifamily properties. Read more

A Community of Friends A Community of Friends

In the years leading up to 2010, Los Angeles-based A Community of Friends had been aggressive in its pipeline of supportive-housing developments. Read more

The Phipps Houses Group The Phipps Houses Group

For The Phipps Houses Group, 2011 was all about continued recovery from the doldrums of 2009 and 2010. Read more

Web Support Web Support

More owners and property managers provide online services for their residents. Read more

LDG Development, LLC LDG Development, LLC

For Louisville, Ky.-based LDG Development, the theme for 2011 was persistence, with the firm finally closing several transactions that had suffered because of the economic Downturn. Read more

Miller-Valentine Group Miller-Valentine Group

When Miller-Valentine Group started in 1993 in the affordable housing business, the firm was able to get four to six LIHTC awards each year in its home state of Ohio. Read more

The Reality of the Numbers

With the shortage of affordable housing units and the severe housing cost burdens, the consequences for some of the nation's most low-income households could be dire. Read more

The 2012 AHF Top 50 The 2012 AHF Top 50

The nation’s top affordable housing developers continue to push projects through their pipelines despite a combination of new and lingering challenges. Read more

Pop Quiz with Cris White Pop Quiz with Cris White

Get to know Cris White of the Colorado Housing and Finance Authority. Read more

Top 10 Companies Completing Substantial Rehabs in 2011

The Top 10 firms completing substantial rehabs in 2011. Read more

Top 10 Companies Completing Acquisitions in 2011

The Top 10 firms completing acquisitions in 2011. Read more

Top 50 Affordable Housing Owners of 2011

AHF reveals its annual list of the nation's Top 50 owners. Read more

Norstar Development USA, LP Norstar Development USA, LP

For Norstar Development USA, LP, it's not about being the biggest developer, says President Richard Higgins. Read more

Multifamily People: FHFA, FHFC, Red Capital, NMHC, Boston Financial

FHFA, FHFC, Red Capital, NMHC, Boston Financial Read more

Pinnacle Equities Pinnacle Equities

Seattle-based Cascade Affordable Housing has been a recognizable name in the affordable housing industry. Read more

Joining Forces Joining Forces

Abode Communities builds on surplus school land in Los Angeles. Read more

Top 50 Affordable Housing Developers of 2011

AHF reveals its annual list of the nation's Top 50 developers. Read more

Life After RDAs Life After RDAs

California developers examine a future without local redevelopment agencies. Read more

$3.6 Billion in NMTCs Awarded $3.6 Billion in NMTCs Awarded

Seventy organizations selected out of 314 applicants this round. Read more

Preservation Attention Preservation Attention

Freddie Mac turns its attention more fully to preservation deals in response to increased competition. Read more

Development Targets Downtown Workers Development Targets Downtown Workers

Salt Lake City project turns to stimulus funds. Read more

N.J. Developer Embraces LEED N.J. Developer Embraces LEED

As a condition of approval to build the 112-unit Stafford Park Apartments,The Walters Group had to ensure that the project would be certified to the U.S. Green Building Council's LEED standards. Read more

Urban Masters Urban Masters

McCormack Baron Salazar stays focused on America's cities. Read more

Supply of Affordable Housing Shrinks

The affordable housing gap is growing for the nation’s poorest residents. Read more

Sen. Snowe’s Departure Hits LIHTC Industry Sen. Snowe’s Departure Hits LIHTC Industry

Sen. Olympia Snowe’s recent announcement that she will not seek re-election this year delivers a major blow to the low-income housing tax credit industry. Read more

Enterprise and Bellwether Merge Mortgage Businesses

In a move that will expand its product offerings beyond the affordable housing business, Enterprise Community Investment, Inc., is merging its Multifamily Mortgage Finance division with Bellwether Real Estate Capital, LLC. Read more

Study Shows Economic Benefits of LIHTC Developments in New Hampshire

The impact of the low-income housing tax credit program reaches much deeper than the approximately 200 affordable housing units that are financed each year in New Hampshire, according to a new study. Read more

Enterprise Co-Founder Patty Rouse Dies Enterprise Co-Founder Patty Rouse Dies

Patricia Rouse, the co-founder of The Enterprise Foundation, now Enterprise Community Partners, Inc., died March 5 in Columbia, Md., of Non-Hodgkin’s lymphoma. Read more

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