11.27.07: Star Development's Perry Harenda Speaks at WHEDA's 2007 Multifamily Housing Conference

ROCKFORD, IL November 27, 2007 - Star Development's Director of Acquisitions and Development, Perry G. Harenda, was a presenter at the Wisconsin Housing and Economic Development Authority's (WHEDA) 2007 Multifamily Housing Conference - Building Blocks for a Better Wisconsin, held at the Alliant Energy Center in Madison, Wisconsin.

WHEDA requested that Mr. Harenda serve as a panelist for the Breakout Session entitled "Conquering the Rural Challenge", which focused on the various challenges and solutions for developing and preserving affordable rural rental housing. Mr. Harenda discussed the difficulties faced by rural properties, which included market realities, size constraints, physical needs of existing properties, lack of Rental Assistance and the limited availability of financial subsidies for rural housing transactions. In addition, Mr. Harenda provided an analysis of underwriting issues associated with appraisals, capital needs assessments and financing of USDA Rural Development funded properties.

About Star-Holdings, LLC

Headquartered in Rockford, Illinois, Star-Holdings is a recognized leader in the development, management and construction of affordable housing properties. One of the largest affordable housing managers in Illinois and Wisconsin, Star-Holdings owns or manages more than 200 properties in ten states.

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