Description
Gain an understanding of funding sources by category and how those funds are administered.Affordable housing is an ever growing, ever changing field of real estate development, redevelopment and financing. The sea of federal, state, conventional banking and private financing options makes understanding where the money will come from one of the first and highest hurdles for any affordable housing developer to overcome. This material offers an overview of a panoply of funding sources by category and you will gain an understanding of how those funds are administered. The course will also take a look at noncash sources of financing and discuss commonly coupled programs.
Date: 2021-03-25 Start Time: End Time:
Learning Objectives
Background on Affordable Housing Funding
• Timeline of Federal Programs • HUD, LIHTC
• How Big Is the Problem Now?
• 2021 Federal Funding
Federal Funding Sources
• Major Programs • High Level; Source and Distribution Mechanism
• Drill Down on Major Subprograms and What Types of Projects They Are Used for
State Funding Sources
• Common Funding Programs • High Level; Source and Funding Mechanism
• Drill Down on Exemplar State Programs
Local Funding and Incentives
• High-Level Discussion of Major Funding and Incentive Programs
• PILOTs Example
Additional Funding Options and Considerations
• Predevelopment Financing and Conventional Financing
• Related Programs Overview • OZ, NMTC, Historic TC, Energy Credits
• Mixing Funding Sources – Compatibility
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Treasa J. Burke-Faegre Drinker Biddle & Reath LLP
