American Housing Foundation Files for Bankruptcy

Investors and lenders have been trying to force the American Housing Federation into bankruptcy since April; yesterday, the organization surprised all of them by filing for bankruptcy voluntarily.

A nonprofit organization, AHF was founded in 1989 and runs over 13,000 residential units and specializes in work force housing. Though this service has helped many low-income individuals and families secure a place to live, it, like many housing businesses today, is apparently not without controversy. (more…)