SOURCE: Hanley Wood

March 25, 2008 10:36 ET

AFFORDABLE HOUSING FINANCE Wins Coveted Jesse H. Neal Journalism Awards

WASHINGTON, DC--(Marketwire - March 25, 2008) - Hanley Wood's AFFORDABLE HOUSING FINANCE magazine, the leading publication serving the affordable housing industry, won top honors at last week's 54th Annual Jesse H. Neal National Business Journalism Awards, held at the Waldorf-Astoria Hotel in New York.

Honored for its article, "The Trouble with HUD and How to Fix It," AFFORDABLE HOUSING FINANCE was named a winner for the Best Subject Related Series of Articles category and a finalist for the Grand Neal Award. Additionally, AFFORDABLE HOUSING FINANCE magazine won an award for Best Single Issue of a Magazine.

The Jesse H. Neal National Business Journalism Awards are sponsored by American Business Media, the national organization representing business to business media.

The winning series of articles detailed and analyzed allegations of corruption and inefficiency in how the U.S. Department of Housing and Urban Development awards contracts, which total over $1 billion per year. It revealed new information about a federal investigation into public statements by HUD Secretary Alphonso Jackson that he awards contracts on the basis of the political loyalties of would be contractors. The series went on to report on other problems with HUD, and quoted a wide range of industry experts on how to improve the agency's operations.

To read the magazine's coverage of HUD and how to make the agency more effective in addressing the nation's housing problems, go to www.housingfinance.com.

"We are extremely honored to be recognized by American Business Media. These prestigious awards are a testament to our talented staff, our honest and groundbreaking reporting style, and our commitment to improving affordable housing," said Editor-in-Chief, Andre Shashaty. "This recognition helps publicize certain practices that demand public scrutiny and furthers our industry's mission in solving the nation's housing problems," added Shashaty.

AFFORDABLE HOUSING FINANCE is the only national publication serving more than 11,000 owners, developers, managers, and lenders involved in the production and preservation of affordable housing. For more information, visit www.affordablehousingfinance.com.

Open to members of the American Business Media association, the Jesse H. Neal National Business Journalism Awards are the most prestigious and most sought after editorial excellence awards in business-to-business publishing. They are named after American Business Media's first managing director, who remained active in promoting the business media throughout his life. Past Neal winners and finalists have tackled controversial topics including corruption, kickbacks, and political conflicts of interest.

About Hanley Wood

Hanley Wood, LLC, is the premier media and information company serving housing and construction. Through four operating divisions, the company produces award-winning magazines and Web sites, marquee trade shows and events, rich data and custom marketing solutions. The company also is North America's leading publisher of home plans. Hanley Wood Business Media (Washington, D.C.), publishes 36 award-winning residential and commercial construction titles, including BUILDER, REMODELING, ARCHITECT, CONCRETE CONSTRUCTION and residential architect. Hanley Wood Business Media also offers the construction industry's foremost collection of Web sites, including BUILDER Online, REMODELING Online, and ebuild, the comprehensive online guide to building products, as well as the largest collection of house plans online through eplans.com and Dream Home Source.

Founded in 1976, Hanley Wood is a $250 million company owned by affiliates of JPMorgan Partners, LLC. CCMP Capital Advisors manages the Hanley Wood investment for JPMorgan Partners.