People

Kenneth J. Bacon will replace Louis J. Hoyes as the senior vice president of multifamily lending and investment at Fannie Mae. Hoyes has been promoted to executive vice president for single-family business.

Joel David Welty received the National Association of Housing Cooperatives' 1999 Jerry Voorhis Award for his contribution to the cooperative housing community. Welty has over 50 years of co-op involvement and is the former National Information Officer of the Cooperative Housing Federation.

Mercy Charities Housing California and Rural California Housing Corporation have announced that they will merge to form Mercy Housing California, the second largest low-income housing developer in California. Both organizations are long-time developers of affordable housing, but MCHC specializes in multi-family rental housing, RCHC in self-help single family homeownership. The merger should allow them to implement the best housing option for each community. Sarah Znerold, 303-830-3349.

The Enterprise Foundation has announced the first five Frederick P. Rose Architectural Fellowship recipients. The Rose Fellowship promotes public service through architectural and community design excellence in low-income communities by recognizing professionals who have partnered with nonprofits. Recipients Daniel Adams, Peter Aeschbacher, Jamie Blosser, Stephan Hoffman, and Caryn Yamamoto, selected from 50 applicants, will receive $750,000 each. 410-772-2444, www.enterprisefoundation.org.

The Non-Profit Housing Association of Northern California celebrated its 21st birthday on May 31. The celebration was also the venue for their 2000 Affordable Housing Leadership Awards, including a first-time award for community activism, which was presented to Helen Lima for her Save Section 8 program and video, "Housing Is A Human Right."

In June, the McAuley Institute launched a Women and Homeownership initiative to increase the number of women who own homes. The major initiatives of the program include a public awareness campaign, training seminars for practitioners, Individual Development Accounts for women homebuyers, and advocacy on related policy issues. Jeanne Reitz, 301-588-8110.

The Verizon Foundation, with the Bell Atlantic and GTE Foundations, will provide nonprofits with $70 million in grants for new information technology. The foundation is concentrating on the use of technology in education, particularly literacy, math, and science.  Applicants are encouraged to visit the foundation's website, www.verizon.com/foundation.

Citigroup's Center for Community Development Enterprise will provide a comprehensive $30.1 million financing package for the development of Orlando Cepeda Place, the first affordable housing built by the Mission Bay Redevelopment Project, and the largest redevelopment effort in San Francisco's history. The project will consist of 100 one- to four-bedroom apartments, a child care center, 15,000 sq. feet of common space, and a community room/computer education center.

Fannie Mae will make a $670,000 equity investment in the minority-owned New York National Bank, located in the South Bronx. The investment was made as part of Fannie Mae's Community Development Financial Institution Initiative, and will provide low- and moderate-income families with greater access to affordable housing. 

The governor of Colorado has signed new legislation giving tax credits to rental housing developers who set aside units for affordable housing. The credits will be allocated by the Colorado Housing and Finance Authority (www.colohfa.org), which plans to have a draft of program guidelines by September. 

Pennsylvania has promised $16 million dollars in state matching funds to 11 neighborhood projects across Philadelphia. Organizations receiving the largest amounts of funding are Nueva Esperanza, a Latino-led CDC in North Philadelphia; the People's Emergency Center, which will build a new center for childcare, healthcare, and employment programs; and Philabundance, which will use the funding to complete its Hunger Action Center in South Philadelphia.

HUD's Neighborhood Networks will be working with San Diego-based Lightspan, Inc., as well as the White House and the Department of Health and Human Services to bring technology-based education programs to Hispanic families and other groups not often exposed to technological innovations. The program will work through over 600 Neighborhood Networks community technology centers, which are located in public and assisted housing communities.