7:19 AM
Julio Barreto
Thirteen nonprofits organizations and two housing authorities were among the entities identified as the top 50 affordable housing developers by the Affordable Housing Finance magazine’s annual listing of top owners and developers.Two nonprofits, the National Community Renaissance and Volunteers of America, were listed in the top 10 at numbers 3 and 5 respectively. Two housing authorities, the San Antonio Housing Authority and the Philadelphia Housing Authority, were ranked as well. SAHA was ranked 13th and PHA was ranked 33. Overall, the magazine list 33 for profit firms, 13 nonprofits and two housing authorities among its top 50 developers.A majority of the units developed by those in the top 50 are financed with low income housing tax credits (LIHTC). According to the magazine, each of the...
