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Affordable Rental Housing Development Finance Group Training Scheduled for January 27, 2009 - January 29, 2009 PDF Print E-mail
Monday, 15 December 2008 00:00
RHCDA will be offering a 12-hour group training program on Affordable Rental Housing Development Finance at Harris Stowe State University in March. The group training will be held in 6-hour modules, from 8:00 a.m. to 2:00 p.m., on two separate days, March 17 and March 19. Participation for both days will be important to have a comprehensive understanding and working knowledge of affordable rental housing development and finance. The program will be available to community-based development organizations in the St. Louis/Eastern Missouri region.

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

If you have any questions, or if you would like to register for the group training, please contact Brian Hurd, RHCDA Technical Assistance Project Manager, at (314) 333-7012 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it

RHCDA's group training on Affordable Rental Housing Development Finance is part of our CDC Capacity Building and Collaborative Grant Program. This program is made possible with support from the U.S. Department of Housing and Urban Development, private foundation grants and contributions from local corporations.
 

RHCDA is Regional Housing and Community Development Alliance, a nonprofit organization that creates and supports the alliances that make smart, sustainable neighborhood revitalization possible in the St. Louis region.

"We are really glad to have RHCDA as a resource.  We truly value their experience and commitment to foster redevelopment in our city, especially in neighborhoods that would not otherwise receive the financing or the support to make it happen on their own." 

- Barbara Geisman, Executive Director for Development, Office of the Mayor, City of St. Louis
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