We continue to follow discussions in Congress about FY15 appropriations and anticipated transitions in senior leadership at HUD. We are cautiously optimistic that the budget will safeguard key affordable housing programs but remain alert to longer-term funding challenges for programs like Project-Based Section 8 and promising emerging programs such as Rental Assistance Demonstration (RAD).

With the ongoing fiscal constraints at the federal and state level, we must continue to be creative and innovative in our approach to preserving and stewarding affordable housing assets in our communities.

We are also committed to ensuring that housing is a foundation to enhance the lives and opportunities for our residents. These efforts include potential partnerships in the changing health care environment as suggested in Fred Karnas' article in this issue. I know you'll find the article interesting.

Thank you for your ongoing support and partnership.

Amy Anthony, President