Investment Summary
Over 60,000 Affordable Rental Homes Preserved and Improved *
Washington
Washington Maine Vermont Montana North Dakota Minnesota Maine North Dakota Vermont MonOtarenagon Minnesota Washington New Hampshire Oregon Idaho Wisconsin Massachusetts New Hampshire New York Idaho Wisconsin South Dakota Massachusetts Maine New York Michigan Vermont South Dakota Wyoming North Dakota Montana Michigan Minnesota Rhode Island Wyoming Rhode Island Connecticut Oregon Iowa Connecticut Pennsylvania Iowa Nebraska Pennsylvania New Jersey New Hampshire NebraskaIdaho NewW Jeisrsceoynsin Ohio Nevada Ohio Indiana Massachusetts Nevada Utah Indiana DeNlaewwa rYeork Utah South Dakota IlDlineolaiwsare ia Illinois a Michigan in ini irg California California Wyoming irg V Colorado V st Rhode Island Colorado est e W W Maryland Connecticut Kansas Kansas Virginia Maryland Virginia Missouri MissouIroiwa Pennsylvania KentuckyNebraska Kentucky New Jersey Ohio Nevada North Carolina Indiana Utah North Carolina Tennessee a Delaware Oklahoma TeInllnineosisee ini Arizona California Oklahoma irg New Mexico Arizona Arkansas South Carolina V Colorado Arkansas South Carolina est New Mexico W Maryland Kansas AAtlalsakantic Virginia Mississippi Missouri AAtlalsakantic Georgia OHawcaeii an Alabama Mississippi Kentucky Georgia OHawcaeii an PuertoA Rlaicboama Texas North Carolina Tennessee Puerto Rico Louisiana Texas Oklahoma Washington, DC Arizona Not Pictured New Mexico LouisianAarkansas South Carolina Washington, DC Housing Units Preserved Florida AAtlalsakantic
Mississippi Zero FGloeriodragia OHawcaeii an Alabama 1 to 1,000 Puerto Rico Zero Texas More than 1,000 1 to 1,000 Louisiana Washington, DC More t han 1,000 Florida
Zero The MacArthur Foundation is investing cities. Twelve of these jurisdictions were chosen this 1 to 1,000 $150 million to preserve and improve year to receive $32.5 million through a competitive process. More t han 1,000 affordable rental homes across the U.S. The Foundation expects its combined Window of Opportunity A list of all funding recipients through the end investments to directly help preserve and improve at least of 2009 follows. For other information about 300,000 affordable rental homes nationwide. More broadly, MacArthur’s support for affordable housing, our goal is to stimulate lasting housing policy reforms and please visit www.macfound.org/housing. new development and lending practices that:
make it easier, faster, and more cost-effective for afford- Through our Window of Opportunity initiative MacArthur able rental property owners to retain, preserve, and renew supports policy analysis, data collection, and expert assistance the existing stock; and to encourage investment in rental housing and sound policies at federal, state, and local levels. We also fund mission- reverse the loss of existing affordable rental homes by driven housing developers, specialized financial interme- providing resources and regulatory incentives to preserve diaries, and model preservation programs in 14 states and at least 1 million units over the decade ahead.
*Map depicts unduplicated count of preservation projects purchased or financed by MacArthur-supported affordable housing owners and lenders, plus projected activity through the end of 2009. Results include all projects initiated during or after the year in which MacArthur funding was awarded, beginning in 2001 when the Foundation made four initial awards. Results were self-reported by each funding recipient in response to an March 2009 Foundation survey. For a definition of affordable rental housing preservation, please go to www.windowofopportunity.macfound.org. Nonprofit Regional Organizations Hispanic Housing Preservation Owners Development Corp. Aeon Homes Headquarters: Chicago, IL Headquarters: Minneapolis, MN Contact: Hipólito (Paul) Roldán The MacArthur Foundation has Contact: Alan Arthur President provided grants and low-cost loans President www.hispanichousingdevelopment.com known as program-related invest- www.aeonhomes.org ments to help 25 nonprofit housing Homes For America development organizations preserve AHC Inc. Headquarters: Annapolis, MD and improve affordable rental hous- Headquarters: Arlington, VA Contact: Nancy S. Rase ing throughout the U.S. Contact: Walter D. Webdale President and Director President www.homesforamerica.org National Organizations www.ahcinc.org Housing Development Corporation Mercy Housing BRIDGE Housing Corporation of Lancaster County Headquarters: Denver, CO Headquarters: San Francisco, CA Headquarters: Lancaster, PA Contact: Brian Shuman Contact: Lydia Tan Contact: Michael Carper Chief Operating Officer Interim President and CEO President and CEO www.mercyhousing.org www.bridgehousing.com www.hdcweb.com
National Church Residences CommonBond Communities Low Income Housing Institute Headquarters: Columbus, OH Headquarters: St. Paul, MN Headquarters: Seattle, WA Contact: Thomas W. Slemmer Contact: Paul Fate Contact: Sharon Lee President and CEO President and CEO Executive Director www.ncr-home.org www.commonbond.org www.lihi.org
NHT/Enterprise Preservation Common Ground Community Mercy Housing Lakefront Corporation Headquarters: New York, NY Headquarters: Chicago, IL Headquarters: Washington, DC Contact: Roseanne Haggerty Contact: Cindy Holler Contact: Scott L. Kline President President Vice President www.commonground.org www.mercyhousing.org www.nhtinc.org Community Housing Partners The NHP Foundation Preservation of Affordable Corporation Headquarters: Washington, DC Housing, Inc. Headquarters: Christiansburg, VA Contact: Ghebre Selassie Mehreteab Headquarters: Boston, MA Contact: Janaka Casper Co-Chairman and CEO Contact: Amy S. Anthony President and CEO www.nhpfoundation.org President and CEO www.communityhousingpartners.org www.poah.org The Phipps Houses Group Community Preservation and Headquarters: New York, NY Retirement Housing Foundation Development Corporation Contact: Adam Weinstein Headquarters: Long Beach, CA Headquarters: Washington, DC President and CEO Contact: Rev. Laverne R. Joseph, D.D. Contact: J. Michael Pitchford www.phippshouses.com President and CEO President and CEO www.rhf.org www.cpdc.org Progressive Redevelopment, Inc. Headquarters: Decatur, GA The Community Builders, Inc. Community Services of Arizona Contact: Bruce C. Gunter Headquarters: Boston, MA Headquarters: Chandler, AZ President and CEO Contact: Patrick E. Clancy Contact: Noah Schwartz www.prihousing.org President and CEO President and CEO www.tcbinc.org www.csainc.org San Antonio Alternative Housing Corp. Volunteers of America Gulf Coast Partnership Headquarters: San Antonio, TX Headquarters: Alexandria, VA Headquarters: New Orleans, LA Contact: Rod Radle Contact: Patrick Sheridan Contact: Kathy LaBorde Executive Director Senior Vice President President www.saahc.org www.voa.org www.gchp.net
2 An initiative supported by the John D. and Catherine T. MacArthur Foundation www.windowofopportunity.macfound.org Specialized State and Local Housing The Preservation Compact Preservation Lenders Preservation Projects Interagency Coordinating Council Contact: Stacie Young The MacArthur Foundation has The MacArthur Foundation is pro- Director made program-related investments viding grants and program-related www.realestate.depaul.edu to help establish or expand seven investments to help demonstrate financial intermediaries that provide innovative, high-impact approaches Sargent Shriver National Center loans to nonprofit and for-profit to preserving and improving afford- on Poverty Law developers seeking to acquire, able rental housing in 14 state and Contact: Katherine E. Walz preserve, and improve existing local jurisdictions. Senior Attorney affordable rental properties. www.povertylaw.org Cook County, Illinois Enterprise Community Loan Fund The Real Estate Center at The Preservation Compact: A Rental Contact: Lori Chatman DePaul University Housing Strategy for Cook County President Contact: Susanne Cannon Contact: Cindy McSherry www.enterprisecommunity.com Director District Council Coordinator www.realestate.depaul.edu Urban Land Institute Housing Assistance Council — Chicago District Council Preservation Revolving Loan Fund City and County of www.chicago.uli.org Contact: Joe Belden Denver, Colorado Deputy Executive Director Business and Professional People City and County of Denver www.ruralhome.org for the Public Interest Contact: Terry Ware Contact: Adam Gross Director, Housing and Business Housing Partnership Fund Director — Regional Affordable Development Contact: W. Matthew Perrenod Housing Initiative www.denvergov.org Chief Lending Officer www.bpichicago.org www.housingpartnership.net Enterprise Community Partners Cook County Denver Regional Office Local Initiatives Support Preservation Loan Facility Contact: Melinda Pollack Corporation (LISC) Contact: Barbara Beck Senior Program Director Contact: Vincent O’Donnell Director, Financial Services & www.enterprisecommunity.org Vice President Underwriting, LISC/Chicago www.lisc.org www.lisc-chicago.org Florida
National Affordable Housing Trust Florida Housing Finance Corporation Center for Neighborhood Technology Contact: James A. Bowman Tallahassee, FL Contact: Kathryn Tholin President and CEO Contact: Nancy Muller Chief Executive Officer www.naht.org Policy Director www.cnt.org www.floridahousing.org NeighborWorks Capital Corp. Chicago Community Loan Fund Contact: Jim Ferris Florida Housing Coalition Contact: Calvin Holmes Executive Director Tallahassee, FL Executive Director www.neighborworkscapital.org Contact: Stan Fitterman www.cclfchicago.org Chief Operating Officer
Prudential Mortgage Capital www.flhousing.org Chicago Rehab Network Company — Preservation Loan Fund Contact: Kevin Jackson Contact: Paige Warren Shimberg Center for Housing Studies Executive Director Principal Gainesville, FL www.chicagorehab.org www.prudential.com Contact: Bill O’Dell Manager, Florida Housing Data Community Investment Corporation Clearinghouse Contact: John G. (Jack) Markowski www.shimberg.ufl.edu President and CEO www.cicchicago.org
Cook County Assessor’s Office Contact: Michael Stone Deputy Assessor www.cookcountyassessor.com
3 An initiative supported by the John D. and Catherine T. MacArthur Foundation www.windowofopportunity.macfound.org Iowa Greater Minnesota Housing Fund City of Portland Bureau of Housing St. Paul, MN and Community Development Iowa Finance Authority Contact: Amy McCulloch, Contact: Andy Miller Des Moines, IA Vice President, Programs Interim Director Contact: Carla Pope www.gmhf.com www.portlandonline.com/bhcd Director, Affordable Rental Production www.iowafinanceauthority.gov New York City, New York Network for Affordable Housing Portland, OR Los Angeles, California City of New York Department Contact: Rob Prasch of Housing Preservation City of Los Angeles Preservation Director and Development Housing Department www.noah-housing.org Contact: Rafael Cestero, Contact: Brittanya Murillo Commissioner Director, Policy and Planning Pennsylvania www.nyc.gov/hpd www.lacity.org/lahd Pennsylvania Housing New York City Affordable Housing Finance Authority Community Redevelopment Acquisition Fund Harrisburg, PA Authority of the City of Los Angeles Contact: Charles Laven, Forsyth Street Contact: Dave Evans Contact: Dalila Sotelo Advisors (Fund Manager) Assistant Executive Director Deputy Chief, Housing Policy www.nycacquisitionfund.com of Multifamily Housing www.crala.org www.phfa.org New York University — Maryland The Furman Center for Real Estate Vermont Maryland Department of Housing and Urban Policy Vermont Housing Finance Agency and Community Development Contact: Vicki Been, Burlington, VT Crownsville, MD Co-Director and Professor Contact: Joe Erdelyi Contact: Patricia Rynn Sylvester www.furmancenter.org Director of Development Director, Multifamily Housing www.vhfa.org www.mdhousing.org Urban Homesteading Assistance Board Vermont Housing and Massachusetts Contact: Andrew Reicher, Conservation Board Executive Director Massachusetts Department Montpelier, VT www.uhab.org of Housing and Community Contact: Polly Nichol Development Ohio Director of Housing Programs Contact: Tina Brooks www.vhcb.org Undersecretary Ohio Housing Finance Agency www.mass.gov/dhcd Columbus, OH Washington and Seattle Contact: Sean Thomas City of Seattle Office of Housing Community Economic Development Director, Office of Planning, Seattle, WA Assistance Corporation Preservation and Development Contact: Bill Rumpf Boston, MA www.ohiohome.org Deputy Director Contact: Roger Herzog www.seattle.gov/housing Executive Director Ohio Capital Finance Corporation www.cedac.org Columbus, OH Washington Department Contact: Jon Welty of Community, Trade, Minnesota Vice President and Economic Development www.occh.org Minnesota Housing Finance Agency Olympia, WA St. Paul, MN Oregon and Portland Contact: Lisa Vatske Contact: Denise Holter Managing Director, Housing Multifamily Portfolio Manager State of Oregon Housing and Trust Fund www.mnhousing.gov Community Services Department www.access.wa.gov Salem, OR Family Housing Fund Contact: Victor Merced Minneapolis, MN Director Contact: Angie Skildum www.oregon.gov/ohcs Research and Policy Director www.fhfund.org
4 An initiative supported by the John D. and Catherine T. MacArthur Foundation www.windowofopportunity.macfound.org Policy Experts, Practitioner National Low Income Milano The New School for Networks and Research Housing Coalition Management and Urban Policy Washington, DC New York, NY Contact: Sheila Crowley Contact: Alex F. Schwartz The MacArthur Foundation has President Associate Professor and Chair provided grants to national housing www.nlihc.org of Policy Programs experts, practitioner networks and www.newschool.edu/milano individual research projects to NeighborWorks America promote sound preservation policy, Washington, DC New Jersey Housing and best practices among long-term Contact: Frances Ferguson Mortgage Finance Agency owners of affordable rental housing, Director — Multifamily Initiative Trenton, NJ and increased knowledge about the www.nw.org Contact: Peter Kasabach nation’s existing rental stock. Chief of Policy and Community Policy: National Stewards of Affordable Housing Development for the Future www.nj.gov/dca/hmfa/ Housing Experts and Washington, DC Practitioner Networks Contact: Bill Kelly New York University — President The Furman Center for Real Estate Housing Assistance Council www.sahfnet.org and Urban Policy Washington, DC New York, NY Contact: Joe Belden Research Contact: Ingrid Gould Ellen Deputy Exec. Director Co-Director and Associate Professor www.ruralhome.org California Housing www.law.nyu.edu Partnership Corporation Housing Partnership Network San Francisco, CA CAS Financial Advisor Services Boston, MA Contact: Matt Schwartz Boston, MA Contact: Thomas A. Bledsoe Executive Director Contact: Todd Trehubenko President www.chpc.net President www.housingpartnership.net www.casfas.com Corporation for Enterprise Housing Preservation Project Development — CFED The Community Builders St. Paul, MN Washington, DC Washington, DC Contact: Timothy L. Thompson Contact: Michael Torrens Contact: Patrick M. Costigan President Director of Applied Research and Senior Vice President — Community www.hppinc.org Innovation Initiatives www.cfed.org www.tcbinc.org National Housing Conference/ Center for Housing Policy City Research The Reinvestment Fund Washington, DC Boston, MA Philadelphia, PA Contact: Jeffrey Lubell Contact: Denise DiPasquale Contact: Maggie McCullough Executive Director (CHP); Conrad President Director, Policymap Egan, President and CEO (NHC) www.cityresearch.com www.policymap.com www.nhc.org Harvard University Joint Center University of Florida Shimberg Center National Housing Law Project for Housing Studies for Affordable Housing Oakland, CA Cambridge, MA Gainsville, FL Contact: James R. Grow Contact: Eric S. Belsky Contact: William O’Dell Deputy Director Executive Director; Associate Director and Manager — www.nhlp.org William C. Apgar Florida Housing Data Clearinghouse; Senior Scholar Nancy Muller, Policy Director — National Housing Trust www.jchs.harvard.edu Florida Housing Finance Corporation Washington, DC www.shimberg.ufl.edu Contact: Michael Bodaken Hudson Institute President Washington, DC Vasys Consulting Ltd. www.nhtinc.org Contact: John C. Weicher Chicago, IL Senior Fellow and Director — Center Contact: Mary White Vasys for Housing and Financial Markets Founder and Principal www.hudson.org www.vasysconsulting.com
5 An initiative supported by the John D. and Catherine T. MacArthur Foundation www.windowofopportunity.macfound.org The John D. and Catherine T. MacArthur Foundation 140 South Dearborn Street Chicago, IL 60603-5285 312-726-8000 www.macfound.org
The John D. and Catherine T. MacArthur Foundation is a private, independent grantmaking institution. Through the support it provides, the Foundation fosters the development of knowledge, nurtures individual creativity, strengthens institutions, helps improve public policy, and provides information to the public, primarily through support for public interest media.
The Window of Opportunity housing preservation initiative is part of MacArthur’s larger program focused on stable, affordable housing with a special emphasis on rental housing. The Foundation welcomes inquiries about this work and encourages interested parties to contact recipients of its support and other housing leaders.
June 2009
6 An initiative supported by the John D. and Catherine T. MacArthur Foundation www.windowofopportunity.macfound.org