 |
 |
|
A Conversation with John Powell, Senior Managing Director of RED Capital Group, on Multifamily Finance
|
|
| |
Like others who have been in the commercial real estate business for 30 years or more, ULI Executive and Preservation Compact Committee member John Powell has never seen the market as unstable as it is now. We caught up with John a couple of weeks ago to talk about the state of the market and its ramifications for the preservation of affordable apartments.
> more
|
|
 |
|
Available Resources
Environmentally Sustainable Affordable Housing - ULI Community Catalyst Report
published October 2008
Based on a forum of experts and practitioners, this report examines the challenges to the widespread implementation of green building practices and provides recommendations to make it easier and more cost-efficient for both for-profit and not-for-profit developers to build affordable housing that is environmentally sustainable. Green affordable housing projects in Washington, D.C., Southern California, Seattle, and New York City are profiled.
Download Report>
The Housing and Economic Recovery Act of 2008 - H.R. 3221
enacted July 30, 2008
A detailed summary of HR 3221 which is intended to restore confidence in Fannie Mae and Freddie Mac by strengthening regulations and injecting capital into the two large U.S. suppliers of mortgage funding.
Read Summary> |
|
|
 |
|
Taxes on Multifamily Rental Housing to be Reduced |
|
 On September 17, the Cook County Board of Commissioners approved Cook County Assessor Jim Houlihan's proposal to reduce the number of property assessment classifications from seven to two, and to simplify assessment levels to either 10% or 25% of market value.
|
|
| > more |
|
The Chicago Community Loan Fund Joins
The Preservation Compact |
|
 The Preservation Compact welcomes the Chicago Community Loan Fund as a Keystone Initiative partner. The Chicago Community Loan Fund (CCLF) will enhance the suite of products being offered through The Preservation Compact's Preservation Fund by providing purchase contract loans and supplemental predevelopment and acquisition loans as well as gap financing for select projects during construction and/or rehab.
|
|
| > more |
|
Energy Savers Ramps up Activities |
|
The Cook County Energy Savers Program (CCES), a Keystone Initiative of The Preservation Compact, has nearly doubled the number of assessed units in multifamily buildings since June of this year. In addition, many of the owners of the more than 3,500 assessed units are following up on activities and recommendations made by Center for Neighborhood Technology (CNT) staff, who conduct the assessments. |
|
| > more |
|
|
 |
|
Rental Housing Alliance Hosts Cooperative Housing Breakfast
Cooperative housing inhabits a unique position in the affordable housing landscape. To help clarify rules and obligations pertaining to subsidized cooperative housing, The Preservation Compact's Rental Housing Alliance hosted a breakfast in collaboration with the Interagency Council on Saturday, August 23rd, at the Institute for Housing Studies at DePaul University in downtown Chicago.
> more
Metropolitan Planning Council Highlights The Preservation Compact
Interagency Council Director Stacie Young of the Institute for Housing Studies at DePaul University participated in MPC's Back to the Drawing Board Event on September 10, where she discussed the work of The Preservation Compact and the Interagency Council.
> more |
|
|
|
 |
|
|
The Preservation Compact is guided by the Urban Land Institute (ULI) Chicago with support from The John D. and Catherine T. MacArthur Foundation. Its goal is to preserve 75,000 affordable rental homes in Cook County by 2020.
Key organizations involved in the project include the City of Chicago, the Illinois Housing Development Authority (IHDA), the Department of Housing and Urban Development (HUD), Cook County Assessor's Office, Community Investment Corporation (CIC), Local Initiatives Support Corporation/Chicago (LISC/Chicago), Center for Neighborhood Technology, Chicago Rehab Network, Sargent Shriver National Center on Poverty Law, Chicago Community Loan Fund and The Institute for Housing Studies at DePaul University.
>more |
|
|
|
|
|
|
|
|
 |
|
