Title: Developing Affordable Housing: A Practical Guide for Nonprofit Organizations / Edition 3
Author: Bennett L. Hecht
ISBN-10: 0471743461
ISBN-13: 9780471743460
Although the face of America and those who live in it have changed in the past decade, the need for decent, stable, and affordable housing has not. Recent studies confirm that decent, stable housing improves the ability of individuals to get and keep jobs, increases psychological well-being, and leads to better social behavior and school achievement among children. Now in a completely updated and revised third edition, Developing Affordable Housing continues to stand the test of time. This Third Edition addresses housing issues in the twenty-first century, even as the state of the field has changed, as development has become more complex, and as the need for affordable housing has grown. Developing Affordable Housing provides a living resource for nonprofit executives, lawyers, accountants, developers, and owners of single- and multi-family housing, both for-profit and nonprofit; real estate owners and managers active in the affordable housing market; community development corporations; and government agencies. The Third Edition updates the practical advice and regulatory information found in the second edition, and makes the information useful in the context of the industry today. Author Ben Hecht’s valuable insights demystify affordable housing development for those considering it for the first time, as well as for those seeking to expand their affordable housing production activities. Developing Affordable Housing, Third Edition takes you step by step through the entire development process, covering all the bases, from putting together the development team to determining project feasibility to obtaining site control. With updates on sources of capital; all-new case studies, featuring six very different affordable housing organizations and developments; and new information on loans and assessing the feasibility of affordable housing developments, Developing Affordable Housing is a complete resource, with information on: The current trends in affordable housing Raising capital—loans, grants, and equity including Low-Income Housing Tax Credits, public housing funds Prepurchase considerations—forms of ownership, property management Settling on acquisition—title insurance, the settlement agent, and property surveys Constructing or reconstructing the property—architects, general contractors, selective rehabilitation, design, and build Completing and managing the property—homeownership, rental, condominiums, and cooperatives A practical guide that features straightforward guidelines, sound advice, and up-to-date information, this is essential reading for any nonprofit looking to sponsor, own, or manage affordable housing projects.
