The magazine celebrates its Hall of Fame inductees, Young Leaders, and the nation's top affordable housing developments at AHF Live.
Affordable Housing Finance honored its 2016 Hall of Fame inductees, Young Leaders, and Readers’ Choice winners at AHF Live: The Affordable Housing Developers Summit on Nov. 16 at the Hyatt Regency in Chicago. The awards ceremony was sponsored by Bank of America Merrill Lynch. View the slideshow to see the recipients.
A highlight of the Affordable Housing Finance Awards Ceremony was the induction of four industry leaders into the Affordable Housing Hall of Fame. The 2016 inductees include, from left, Michael Novogradac, managing partner, Novogradac & Co.; Tony Salazar, principal and head of West Coast operations, McCormack Baron Salazar; and J. Ronald Terwilliger, founder and chairman, J. Ronald Terwilliger Foundation for Housing America’s Families. The fourth inductee, Sen Maria Cantwell (D-Wash.), was not able to attend the ceremony but addressed the audience via video.
“If we do nothing, we know the number of severely cost-burdened households is going to continue to increase, maybe as much as 25% over the next 10 years, and that the crisis has broader impacts to our economy. I am dedicated to trying to tackle this problem head on. I will continue to work on legislation to improve the low-income housing tax credit.”
—Sen. Maria Cantwell (D-Wash.)
“I do believe as part of the LIHTC surviving tax reform that we have nothing to fear but the lack of fear itself. I say that because if we take the program’s continuation for granted, we’re in trouble. However, if we fear the program will end and get engaged, stay involved, and remain strong advocates, then tax reform, if it is enacted, can be used to not only preserve the program but make it much stronger.”
—Michael Novogradac, managing partner, Novogradac & Co.
“The thing that I learned along the way in becoming a social entrepreneur is that place and space matter. The habitat we live in, the neighborhood surroundings, the community dynamics all affect health and well-being. If we give a low-income family a good-quality home in a well-secured, well-balanced socioeconomic environment, we can create communities of opportunity and we can break cycles of poverty.
—Tony Salazar, principal and head of West Coast operations, McCormack Baron Salazar
“We’re hoping to ultimately convince Congress that it’s the responsibility of the federal government to rebalance our [housing] priorities and to really give the aid to the people who need it, who tend to be the renters. I do think we may have a chance with president-elect Trump and the Republicans in charge, if we can impress upon them the urgency and get them to think about taking courageous actions to help renters, in particular."
—J. Ronald Terwilliger, founder and chairman, J. Ronald Terwilliger Foundation for Housing America’s Families
The magazine's ninth annual Young Leader recipients also were honored. The 2016 Young Leaders are, from left, Sarah Malone, director of fund management, Ohio Capital Corporation for Housing; Stephanie Kinsman, senior vice president of investor relations, Red Stone Equity Partners; Angela Kelcher, director of multifamily affordable lending, Fannie Mae; Jason Bordainick, managing partner, Hudson Valley Property Group; Emily Cadik, director of public policy, Enterprise Community Partners; and Anand Kannan, president, Community Preservation Partners.
The overall award winner as well as preservation winner in Affordable Housing Finance's 2016 Readers' Choice Awards is Greystone Apartments, developed by In-Fill Housing and Tapestry Development Group, in Rome, Ga. Accepting the award are, from left, Anthony Hayes, CEO of In-Fill Housing; and Shelly Patton, principal, and Jon Toppen, managing principal, of Tapestry Development Group.
The winner of the family category is the Planning Office for Urban Affairs' Uphams Crossing in Dorchester, Mass. Planning Office for Urban Affairs president Lisa Alberghini and project manager Dave Aiken accept the award.
The winner of the green category is Orchards at Orenco, developed by REACH Community Development, in Hillsboro, Ore. REACH Community Development's Jessica Woodruff, director of housing development, and Ben Sturtz, housing development project manager, accept the award.
The Lofts at Loomworks in Worcester, Mass., developed by The Community Builders, takes the top honor in the historic rehab category. Accepting the award are The Community Builders' Bart Mitchell, president and CEO, and Beverly Bates, senior vice president of development operations.
The winner of the public housing redevelopment category is San Francisco RAD, phase one, led by the San Francisco Mayor's Office of Housing and Community Development and the San Francisco Housing Authority. Accepting the award is Sarah Nusser, senior project manager of the Mayor’s Office of Housing and Community Development.
The winner of the rural category is Bowman Senior Residences, developed by Gorman & Co. and Nogales Community Development, in Nogales, Ariz. Accepting the award are Brian Swanton, Arizona market president of Gorman & Co., and Yvonne Delgadillo, executive director of the Nogales Community Development.
Taking the top honor in the seniors category is Satellite Affordable Housing Associates' Lakeside Senior Apartments in Oakland, Calif. Accepting the award is executive director Susan Friedland.
Taking the top honor in the special-needs category is Skid Row Housing Trust's The Six in Los Angeles. Accepting the award is Dana Trujillo, chief real estate officer at Skid Row Housing Trust.
The winner of the urban category is 1100 Ocean Avenue Apartments, developed by Mercy Housing California and Bernal Heights Neighborhood Center, in San Francisco. Cindy Holler (left), senior vice president of real estate strategy at Mercy Housing, and Ileah La Vora, housing developer at Mercy Housing California, accept the award.
The Affordable Housing Finance editors have selected 409 Cumberland, developed by Avesta Housing, in Portland, Maine, as their Editors' Choice Award. Accepting the award are, from left, Brooks More, development officer; resident Chomba Kaluba; and Seth Parker, director of real estate development.
Sindy Spivak, senior vice president, West region market executive, in the community development banking division at Bank of America Merrill Lynch, and Affordable Housing Finance publisher Rob Britt co-hosted the awards ceremony.