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Over the past fifteen years, the role of nonprofits in developing housing for those with low and moderate incomes has changed dramatically. Once supporting players, community development corporations, tenant associations, and other nonprofit organizations have now assumed the lead, filling the gap left by shrinking government commitment to become the nation's primary producers of affordable rental and home ownership opportunities. With the growing involvement of these various groups comes a new set of issues and concerns for them to handle, all of which are addressed in this revised and expanded edition of Developing Affordable Housing. Written by Bennett L. Hecht, a professional with extensive experience in nonprofit real estate development, this comprehensive resource provides cutting-edge tools and strategies for creating long-term stability, meeting community housing needs, and taking advantage of economic opportunities. Demystifying affordable housing development for those considering it for the first time, as well as for those seeking to expand into different types of housing production, it offers invaluable insights into possible financing sources and long-term management strategies that will make planned affordable housing developments effective and successful. Taking you step-by-step through the entire development process, Developing Affordable Housing, Second Edition covers all the bases, from putting together the development team to determining project feasibility to obtaining site control. Along with details on using Hope 6 funds for neighborhood revitalization programs, it contains a new chapter on joint ventures that includes specifics on limited liability corporations(LLCs).

Canada Mortgage and Housing Corporation - Canada Mortgage and Housing Corporation (CMHC) is a Canadian government agency. The agency is responsible for the housing industry in Canada.

Federal Home Loan Mortgage Corporation - The Federal Home Loan Mortgage Corporation ("Freddie Mac") is a stockholder-owned, publicly-traded company chartered by the United States federal government in 1970 to purchase mortgages and related securities, and then issue securities and bonds in financial markets backed by those mortgages in secondary markets. Freddie Mac, like its competitor Fannie Mae is regulated by the Office of Federal Housing Enterprise Oversight (OFHEO) in the United States Department of Housing and Urban Development.

Federal Agricultural Mortgage Corporation - Farmer Mac or the Federal Agricultural Mortgage Corporation is a stockholder-owned, publicly-traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in agricultural loans such as mortgages for agricultural real estate and rural housing. The company purchases loans from agricultural lenders, and sells instruments backed by those loans.

Office of Federal Housing Enterprise Oversight - The Office of Federal Housing Enterprise Oversight (OFHEO) is charged with ensuring the capital adequacy and financial safety and soundness of two government-sponsored enterprises -- the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

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