Launched in 2003, SAHF has eight sophisticated not-for-profit members who acquire, preserve and are committed to long-term, sustainable ownership and continued affordability of multifamily rental properties for low-income families, seniors, and disabled individuals. Together, SAHF members own and operate housing in 49 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands—providing homes to approximately 80,000 low-income households.
SAHF's members promote their shared ownership objective, which embraces the notion that stable, affordable rental homes are critically important in people's lives. Through their deal flow, SAHF's members stay on top of policy and marketplace developments nationwide. They come face-to-face almost daily with barriers to preservation of affordable housing for the poor, which enables them to discern patterns. Seeing the patterns and having the expertise, SAHF works with its members to develop policy solutions that work.
On July 30, the Housing and Economic Recovery Act of 2008 became law. The Act makes important changes to law governing affordable housing; we're happy to provide the full text. To help understand the Act, see our summary of the Act's provisions and detailed summary of selected provisions. On sections related to the Tax Code, see the House Report on the tax provisions, and this explanation by the Joint Committee on Taxation.
SAHF is proud to announce the release of its Google Groups page on property taxes, a new online tool for the affordable housing field. The website contains detailed information and links regarding how property taxes apply to multifamily rental homes nationwide, gathered through a survey of all 50 states and the District of Columbia. Visit its home page.
On June 19, 2008 SAHF was invited to testify before the House Committee on Financial Services. Read SAHF's testimony on major preservation issues, delivered by Dr. Laverne Joseph, President and CEO of Retirement Housing Foundation. Read more about our preservation policy priorities here.
Because of the significant role reducing energy consumption in existing multifamily properties has on climate change and the financial survival of affordable rental homes, SAHF is working actively in the technical, policy, and finance arenas to reduce energy consumption. Read more about it.
By email at contact@sahfnet.org or see Staff List