We Build Strong and Healthy Neighborhoods
2008 - 2009 Group Training Sessions:
Affordable Rental Housing Development Finance
Tuesday, January 27, 2009 - Thursday, January 29, 2009
8:00 a.m. to 12:00 p.m. (all three days)
Harris Stowe State University
Southwestern Bell Technology Center
Telecommunity Room
Description: RHCDA will be offering its Affordable Rental Housing Development Finance class for community-based development organizations in the St. Louis/Eastern Missouri region..
The 12-hour group training program will be held in 4-hour modules over the course of three days. Participation for all three days will be important in order to have a comprehensive understanding and working knowledge of affordable rental housing development and finance.
The course will examine the skills required to succeed in developing quality rental housing that is affordable for low and moderate-income families. The class will involve presentations, class exercises and group work assignments. A calculator will be needed for the class as there will be some calculations to perform.
Topics for the group training course will include:
The Home Investment Partnership Program (HOME Program)
- general program rules for rental housing development
Community Development Block Grant (CDBG Program)
- Neighborhood Stabilization Program (NSP)
Rental Housing Development Process
- key players and the steps in developing rental housing
Preparing Financial Projections
- pro forma income and expense analysis
- sources and uses of funds
Tax Credits
- historic tax credits
- low-income housing tax credits
Syndication
- pricing benefits
- investor concerns and key partnership issues
Deal Structuring
- debt and equity investment vehicles
Affordable For-Sale Housing Development Finance
Tuesday, September 23, 2008 - Thursday, September 25, 2008
8:00 a.m. to 12:00 p.m. (all three days)
Harris Stowe State University
Southwestern Bell Technology Center
Telecommunity Room
Description: RHCDA will be offering a 12-hour group training program on Affordable For-Sale Housing Development Finance. The program will be available to community-based development organizations in the St. Louis/Eastern Missouri region and will be held in 4-hour modules over the course of three days. Attendance for all three days will be important to have a comprehensive understanding and working knowledge of affordable for-sale housing development.
The course will examine the skills required to succeed in developing single-family housing that is affordable for low and moderate-income families. In addition, the class will look into current housing market conditions, such as declining housing values and increased foreclosures, and their impact on neighborhoods and communities in the St. Louis region. Topics will include:
Home Ownership Development Overview
- achieving a public purpose
- stabilizing neighborhoods
- promoting economic growth
- establishing markets
Home Ownership Development Process
- the players
- non-profits and public sector roles
- selecting and developing the site
Financing and Deal Structuring
- construction financing
- profit and loss statement
- cash flow statement
Permanent Mortgage Programs
- federal programs
Missouri Neighborhood Revitalization Resources
Thursday, May 29, 2008 from 9:00 a.m. to 2:00 p.m.
Harris Stowe State University
Southwestern Bell Technology Center
Telecommunity Room
Description: This upcoming group training class is designed to present the various programs offered by the State of Missouri that provide incentives to community-based organizations that will enable them to implement neighborhood revitalization projects in the areas of physical development in addition to the various initiatives that are used to provide incentives for the development, construction, acquisition and rehabilitation of affordable housing.
Environmental Issues in Older Neighborhoods
March 26, 2008 from 9:00 a.m. to 2:00 p.m.
Harris Stowe State University
Southwestern Bell Technology Center
Telecommunity Room
Description: In this class attendees will learn how to identify potential environmental hazards, their impact on development costs, the developer's primary environmental liabilities, and the developer's responsibility to address the discovery and mitigation of environmental hazards. The class will offer cost-effective options for their identification and mitigation.
The class will focus on such environmental issues as lead and asbestos hazards, demolition, noise, drainage/sewers, aging infrastructure and utility systems along with subsurface concerns such as buried rubble, trees and more.
Attendees will come away with a better understanding of how to assess potential development sites and their potential environmental risks, and will improve their ability to reuse brownfield sites while protecting neighborhood residents, promoting environmentally safe development and managing costs.
To RSVP or for more information, please contact:
Brian Hurd, Technical Assistance Project Manager
314-333-7012 or brian@rhcda.com