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The Macarthur Foundation Is Investing $150 Million to Preserve And

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The Macarthur Foundation Is Investing $150 Million to Preserve And an initiative supported by The Preservation Compact: A Rental Hudson Institute* University of Florida Shimberg Center for Housing Strategy for Cook County Washington, DC Affordable Housing Chicago, IL Contact: John C. Weicher, Senior Fellow Gainsville, FL Contact: Judith Levey, ULI Chicago – and Director – Center for Housing and Contact: William O’Dell, Associate Director Director of Community Outreach Financial Markets and Manager – Florida Housing Data www.chicago.uli.org www.hudson.org Clearinghouse; Nancy Muller, Policy Director – Florida Housing Finance Corporation The Preservation Compact Interagency Milano The New School for Management www.shimberg.ufl.edu The MacArthur Foundation is investing $150 million to preserve and improve Coordinating Council and Urban Policy Chicago, IL New York, NY Research: Model Preservation affordable rental homes across the U.S. A list of all funding recipients through the end of Contact: Stacie Young, Director Contact: Alex F. Schwartz, Associate www.realestate.depaul.edu Professor and Chair of Policy Programs Policies and Best Practices 2007 follows. For complete funding guidelines, including instructions to apply for our new www.newschool.edu/milano of Affordable Rental awards for state and local preservation leaders, and other information about MacArthur’s Sargent Shriver National Center on Housing Owners Poverty Law New Jersey Housing and Mortgage support for affordable housing, please visit windowofopportunity.macfound.org. Chicago, IL Finance Agency California Housing Partnership Contact: Katherine E. Walz, Senior Attorney Trenton, NJ Corporation Through our Window of Opportunity initiative MacArthur The John D. and Catherine T. MacArthur Foundation www.povertylaw.org Contact: Peter Kasabach, Chief of Policy and San Francisco, CA supports policy analysis, data collection and expert is a private, independent grantmaking institution Community Development Contact: Matt Schwartz, Executive Director assistance to encourage investment in rental housing and helping to build a more just and sustainable world. Urban Homesteading Assistance Board www.nj.gov/dca/hmfa/ www.chpc.net New York, NY sound policies at federal, state and local levels. We also Through the support it provides, the Foundation fosters fund mission-driven housing developers, specialized the development of knowledge, nurtures individual Contact: Andrew Reicher, Executive Director New York University – The Furman Corporation for Enterprise Development financial intermediaries, and model preservation creativity, strengthens institutions, helps improve public www.uhab.org Center for Real Estate and Urban Policy – CFED programs in New York City and Cook County, Illinois. policy, and provides information to the public, primarily New York, NY Washington, DC through support for public interest media. With assets Urban Land Institute Contact: Ingrid Gould Ellen, Co-Director and Contact: Michael Torrens, Director of Applied In November 2007, the Foundation announced new of more than $6.4 billion, the Foundation makes Washington, DC Associate Professor Research and Innovation awards to help leading states and cities implement approximately $260 million in grants annually. Contact: Marta Goldsmith, Senior Vice www.law.nyu.edu www.cfed.org President innovative preservation initiatives. Up to 10 recipients will be selected in 2008 for The Window of Opportunity housing preservation www.uli.org Recap Advisors NeighborWorks America multi-year awards initiative is part of MacArthur’s larger program Boston, MA Washington, DC totaling $35 million. focused on stable, affordable housing with a special Contact: Todd Trehubenko, President Contact: Frances Ferguson, Director – Research: Affordable Rental emphasis on rental housing. The Foundation welcomes www.recapadvisors.com Multifamily Initiative Housing Data, Market The Foundation expects inquiries about this work and encourages interested www.nw.org Dynamics and Risk The City of New York Department of its combined Window of parties to contact recipients of its support and other Opportunity investments housing leaders. Housing Preservation and Development The Community Builders Assessment to directly help preserve New York, NY Washington, DC and improve at least City Research Contact: Shaun Donovan, Commissioner Contact: Patrick M. Costigan, Senior Vice Nearly 50,000 Affordable Rental Homes 300,000 affordable rental Boston, MA www.nyc.gov/hpd President – Community Initiatives Preserved and Improved note homes nationwide. More Contact: Denise DiPasquale, President www.tcbinc.org broadly, our goal is to www.cityresearch.com The Real Estate Center at DePaul Washington Maine stimulate lasting housing North Dakota Vermont University Vasys Consulting Ltd. Montana Minnesota Oregon policy reforms and new New Hampshire Chicago, IL Idaho Wisconsin Massachusetts New York Harvard University Joint Center for Chicago, IL South Dakota Michigan Wyoming development and lending Rhode Island Contact: Marc Smith, Director – Institute for Connecticut Housing Studies Contact: Mary White Vasys, Founder and Iowa Pennsylvania © Nebraska New Jersey practices that: Photo by Eric Taylor Eric TaylorPhoto.com Nevada Indiana Ohio Housing Studies Utah Delaware Illinois ia Cambridge, MA Principal in California irg t V Colorado es W www.realestate.depaul.edu Kansas Virginia Maryland Contact: Eric S. Belsky, Executive Director; www.vasysconsulting.com Missouri n Make it easier, faster Kentucky North Carolina Tennessee William C. Apgar, Senior Scholar Oklahoma Arizona and more cost-effective New Mexico Arkansas South Carolina www.jchs.harvard.edu AAtlalsakantic Mississippi Georgia OHawcaeii an for affordable rental property owners to retain, preserve Alabama Texas Puerto Rico and renew the existing stock; Louisiana Washington, DC Housing Units Preserved Florida n Zero Reverse the loss of existing, affordable rental homes 1 to 1,000 by providing resources and regulatory incentives to More than 1,000 November 2007 preserve at least 1 million units over the decade ahead. Note: 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 2007. Results include all projects initiated during or after the eary in which MacArthur funding was awarded, beginning in 2001 when the Foundation made four initial awards. Results self-reported by each funding recipient in response to an April 2007 140 South Dearborn Street n Chicago, IL 60603-5285 n 312-726-8000 n www.macfound.org Foundation survey. For a definition of affordable rental housing preservation, please go to www.windowofopportunity.macfound.org. PRESERVATION OWNERS SPECIALIZED PRESERVATION LENDERS The MacArthur Foundation provides grants and low-cost loans known as program-related investments to help MacArthur has made program-related investments to help establish or expand nine financial intermediaries that nonprofit housing development organizations preserve affordable rental housing throughout the U.S. PRIs are provide loans to nonprofit and for-profit developers seeking to acquire, preserve and improve existing affordable below-market investments made for charitable purposes. By the end of 2007, the Foundation expects to have rental properties. To date, the Foundation’s support has leveraged over $300 million in new lending capital from awarded a total of $45 million to 23 national and regional organizations. Note: Asterisk (*) denotes organization not public, private, and philanthropic investors. previously funded by the Foundation for which an award is currently pending. Community Investment Corporation Housing Partnership Fund Neighborhood Capital Corp. Contact: John G. (Jack) Markowski, Contact: W. Matthew Perrenod, Chief Contact: Jim Ferris, Executive Director Hispanic Housing Development Corp. National Organizations Regional Organizations President and CEO Lending Officer www.neighborhoodcapital.org Headquarters: Chicago, IL www.cicchicago.org www.housingpartnership.net Mercy Housing Aeon (formerly Central Community Contact: Hipólito (Paul) Roldán, President New York City Affordable Housing Headquarters: Denver, CO Housing Trust)* www.hispanichousingdevelopment.com Enterprise Community Partners Local Initiatives Support Corporation Acquisition Fund Contact: Dick Banks, President and Chief Headquarters: Minneapolis, MN Contact: William R. Frey, Executive Vice (LISC) Contact: Charles Laven, Forsyth Street Operating Officer Contact: Alan Arthur, President Homes For America President and Chief Operating Officer Contact: Vincent O’Donnell, Vice President – Advisors (Fund Manager) www.mercyhousing.org www.aeonhomes.org Headquarters: Annapolis, MD www.enterprisecommunity.org Affordable Housing Preservation Initiative www.nycacquisitionfund.com Contact: Nancy S. Rase, President and www.lisc.org National Church Residences* AHC Inc. Director Housing Assistance Council – Prudential Mortgage Capital Company – Headquarters: Columbus, OH Headquarters: Arlington, VA www.homesforamerica.org Preservation Revolving Loan Fund National Affordable Housing Trust Preservation Loan Fund Contact: Thomas W. Slemmer, Contact: Walter D. Webdale, President Contact: Joe Belden, Deputy Executive Contact: James A. Bowman, President Contact: Paige Warren, Principal President and CEO www.ahcinc.org Housing Development Corporation of Director and CEO www.prudential.com www.ncr-home.org Lancaster County www.ruralhome.org www.naht.org BRIDGE Housing Corporation* Headquarters: Lancaster,
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