Real Estate Central

LOS ANGELES, May 6 /PRNewswire-USNewswire/ — On Earth Day, April 22,
2008, Los Angeles Mayor Antonio Villaraigosa and City Council adopted a
progressive Climate Action Plan intended to reduce the city’s greenhouse
gas emissions. It requires real estate developers to meet new sustainable
building standards in certain new projects - an example of a growing
national trend of state and local governments mandating environmentally
friendly building standards.



National Housing & Rehabilitation Association (NH&RA) is convening
affordable housing developers and finance professionals for a two-day
symposium on May 15-16 to explore challenges and solutions to funding,
building, and operating “Green” affordable housing projects. The 2008
Spring Developers Forum will draw leading regional and national developers
to explore effective techniques to finance sustainable affordable housing
in today’s uncertain economic environment. This symposium, to be held at
the Hyatt Regency Century Plaza Hotel, is open to the public; however,
there is a registration fee.



While developers generally agree on the need to develop real estate
projects in a “greener” fashion, they face the challenge of how to finance
the added upfront costs associated with sustainable building techniques.
Rising energy prices combined with the fallout of a shrinking economy, the
sub-prime mortgage crisis, and broader credit crunch are forcing affordable
housing developers to abandon projects targeted for California’s most
vulnerable populations.



Through cutting-edge case studies and multi-disciplinary roundtable
discussions involving industry leaders, the 2008 Spring Developers Forum
will explore solutions to these challenges head on. Program highlights
include:



— State-of-the-Art “green” and sustainable affordable housing
case studies
— The City of Los Angeles’ new “Green Building” ordinance
and how it impacts affordable housing development
— Leveraging solar energy tax credits with tax-exempt bond financing to
develop affordable housing
— Statewide housing policy updates from the California Tax Credit
Allocation Committee & New Mexico Mortgage Finance Authority
— Analysis of the multifamily debt and equity markets




California business leader Phil Angelides, former California State
Treasurer and gubernatorial candidate, will deliver the keynote address at
the Spring Developers Forum on May 15. He will speak about his partnership
with former NBA star Magic Johnson to revitalize communities nationwide by
developing mixed-use workforce housing.



The NH&RA 2008 Spring Developers Forum and its sessions are designed
for affordable housing professionals at all levels of experience, including
for-profit and non-profit developers, syndicators, investors, lenders,
attorneys, accountants, property managers, market analysts, appraisers,
state and local planning and housing professionals, affordable housing
advocates, and community development professionals.



For more than 37 years, the National Housing & Rehabilitation
Association has provided an ongoing forum for professionals in affordable
housing, historic rehabilitation, community development, and the New
Markets Tax Credit program to exchange information and build new business
relationships. For more information on the Spring Developers Forum and
NH&RA, visit http://www.housingonline.com, or contact Thom Amdur, 202-939-1753,
tamdur@dworbell.com.







See Also

• Robert Goodman Named Global Head of Private Equity and Real Assets for Sterling Stamos
• Mini Cooper owners ’sociable online’
• Hardwood Floors Revelations

Source: Real Estate Newswire

• Looking for Central Illinois Real Estate ?
• Looking for Dragon T-Shirts ?