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Sponsored by Lorman Education
Product ID: 402119EAU
 
Credit & Course Provided by:

Affordable Housing: Finance and Development, How to Maximize the Available Resources

OnDemand Webinar (86 minutes)

Enhance your understanding of affordable housing financing tools and the benefits and challenges of each.Building affordable housing is not particularly affordable. Costs of construction usually far exceed the revenues generated by rents. Without utilizing highly complex financing tools, often from multiple sources, for developing, preserving, and operating affordable apartments, building affordable housing is often impossible. This topic will help you understand how to effectively utilize available financing tools to develop quality housing for low-income residents. The material also explains the myriad of financing tools available for affordable housing and the complex application procedures for these funding sources. This information is essential for anyone involved in the development or operation of affordable housing and will enhance one's understanding of affordable housing financing tools and the benefits and challenges of each.

Authors

Arthel McDaniel III, Polsinelli

Agenda

Background on Financing Sources

• Low-Income Housing Tax Credits

' 9% vs. 4%

• Tax-Exempt Bonds

• Additional Sources of Financing

' Grants vs. Loans (Market Rate vs. Below Market Rate)

' Federally Subsidized or Deferred Payment Loans

' HOME

' CDBG

' Federal Home Loan Bank Funds

' Tax Increment Financing

• HUD Programs (e.g. 202, 221(d) and 811)

• Other Tax Credits

' Historic Credits

' New Market Credits

' State Tax Credits

• Debt Structure Considerations

' Nonrecourse

' Interest Rates

' Debt Restructuring

• Other Financing Tools (i.e. Using Opportunity Zones for Additional Owner Equity)

Additional Formats

Audio & Reference ManualMore Info
MP3 DownloadMore Info