Volume 21, Number 2

Journal of Affordable Housing & Community Development Law



In this Issue

Chair's Message
The forum’s chair reviews some of the highlights of the past year, including the 21st Annual Conference and close liaisons with HUD and the IRS. She calls on forum members to continue making the case for affordable housing and community development to policy makers and government officials.

The editor-in-chief notes that academicians “extend and refine theory by engaging controversies that test our ideas.” For practitioner, however, such research serves a purpose only if it “slices through the array of problems in daily work.” The articles in the current issue, he notes, demonstrate how research and practice interact—to the benefit of both academics and those in the field.



Community Economic Development Conspectus: Valuable Tool for Advocates, Lawyers, and Policymakers
A detailed analysis of Building Healthy Communities: A Guide to Community Economic Development for Advocates, Lawyers, and Policymakers, which the authors describe as a tremendous resource for advocates, lawyers, policymakers, finance professionals, and other key players in community economic development. This guide examines the past, present, and future of the CED movement and provides viable strategies for success within today’s global economy.

Assessing the Impact of Wal-Mart Stores, Inc. v. Dukes on Fair Lending Litigation
This article explores the historical development of fair lending litigation, both in terms of government enforcement actions and private litigation, including an analysis of what evidence is necessary to demonstrate disparate treatment of minority borrowers. It also examines the significant holdings of the Supreme Court in Wal-Mart Stores, Inc. v. Dukes and their current and anticipated impact on fair lending litigation.

The Latest Threat: How Mortgage Maturity Jeopardizes Affordable Housing
This article examines the challenge posed by the maturity of increasing numbers of federally subsidized mortgages and describes how the situation is affecting Los Angeles, a city with one of the largest stocks of federally subsidized housing in the nation.

New Markets Tax Credits and EB-5: Combining Two Programs for One Goal
The author proposes that one way to stimulate the economy and promote community development may be to combine New Markets Tax Credits (NMTC) transactions with Fifth Employment-Based (EB-5) visa programs to “produce financial transactions that create value where they are most needed.”