Since 2006, the National Book Foundation (NBF) has hosted the “5 Under 35″ award ceremony to highlight the achievements of five young fiction writers.

Today, the NBF has narrowed down this year’s pool to five honorees. This year recognizes the following titles:

The Sweet Relief of Missing Children by Sarah Braunstein

The Orange Eats Creeps by Grace Krilanovich

The Tiger’s Wife by Téa Obreht

How to Escape from a Leper Colony by Tiphanie Yanique

Once the Shore by Paul Yoon

Like last year, the “5 Under 35″ celebration will take place in Brooklyn’s powerHouse Arena at the start of National Book Awards Week on Monday, November 15. Musician/Author Roseanne Cash will act as the event’s host. Music journalist Rob Sheffield will be the beat-master in charge as DJ. Author Amanda Stern will conduct interviews with the honorees, winners and finalists during the party.

The Rona Jaffe Foundation has announced that six emerging women writers have been singled out for excellence by the Foundation and will receive awards of $25,000 each. The 2007 winners are Elif Batuman, Sarah Braunstein, Robin Ekiss, Alma García, Jennifer Grotz, and Holly Goddard Jones.