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Professional Development


PD112-Mixed Use Real Estate Finance
Small cities and urban neighborhoods are at their best when their historic Main Street Districts pulse with uses and activities that bring a community alive: residential, retail, entertainment, services and public spaces.  Older districts have special opportunities for adaptive reuse—with buildings that are ideally suited to multiple uses (retail/office, residential/retail, etc.) in one structure.  Understanding how to finance mixed-used development as a way to catalyze Main Street, energizing it with shopping, dining, culture and entertainment, is critical for communities.  This course explores debt, equity and public/private financing tools available for Main Street redevelopment as follows:
  • Mixed-Use Development Challenges
    • Commercial real estate revitalization
    • Community facilities on Main Street
    • The community perspective on revitalization 
    • Inventory:  what do you have to work with?
    • Thinking outside the box for adaptive reuse
  • Mixed Financing:  The Right Recipe
    • Real estate financing process
    • Estimating project costs
    • Projecting the developer’s pro forma
    • Determining debt capacity
    • Measuring equity attracted
    • Quantifying the financing gap
    • Closing the gap
  • Taxes and Real Estate Development
    • Cash flow after tax
    • Depreciation
    • Historic Rehabilitation, Low-Income Housing and New Markets Tax Credits 
  • Financing Tools for Mixed-Use Development
    • Debt and equity vehicles 
    • Programs: CDBG, CDBG Float Loan, Section 108 and tax-exempt bond financing 
    • Other Structuring Tools: tax increment financing, ground leases, tax abatement and payment in lieu of taxes

 

CM 15.25 



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PD112-1018MN
Minneapolis MN
Aloft Minneapolis
Jackson 10/2 - 10/4 Tu We Th Varied $825.00 View

PD502-Low-Income Housing Tax Credits

The Low-Income Housing Tax Credit (LIHTC) program was designed by
Congress to encourage the development of affordable rental housing.
LIHTCs provide tax benefits for investors in projects that generate good
housing for low-income households at affordable rents. NDC’s three-day
course is designed for bankers, public sector lenders and for-profit
and non-profit developers. The course examines the techniques and
procedures involved in using the LIHTC program to develop low-income
rental housing and investigates program intricacies and deals. The
emphasis is on assisting lenders and developers with their understanding
of LIHTC program mechanics. Course participants learn the key issues that
arise in typical LIHTC projects as well as practical solutions.

 

CM I 19.50 



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PD502-0719AR
Arlington VA
Westin Crystal City
TBD 7/30 - 8/1 Tu We Th Varied $825.00 View

PD515-New Markets Tax Credits

This intensive three-day course, New Markets Tax Credit is designed to take the mystery out of this powerful economic development tool from the basics - what NMTCs are and how they are allocated - through the all-important legal and regulatory parameters, to the financing models that work best and maximize NMTC benefits.  Case studies and hands-on work take you step-by-step through actual NMTC projects, including commercial real estate, mixed-use development that includes significant amounts of housing, community facilities for non-profits, business financing, and projects that include historic rehabilitation tax credits. NDC is a recipient of several large NMTC allocations and has developed successful models for applying them to a full range of community development projects. Participate in this course and begin applying this federal tool to your most pressing economic development needs. Specific topics include:

  • New Markets Tax Credits
    • Program fundamentals
    • Project underwriting
    • Investors, lenders, developers and the financing process
    • Regulations include the latest updates
    • Application requirements
    • Finding potential investors
    • Recapture of credits
  • Using NMTCs for Real Estate Development
    • Commercial real estate, mixed-use and non-profit facilities projects
    • Measuring debt and equity attracted
    • Determining the financing gap
    • Using NMTCs to close the gap
  • NMTCs for Business Development Projects
    • Measuring repayment ability
    • Structuring gap financing using NMTCs
  • Program Models
    • Leveraged equity model—public sector, conventional lender, private investor
    • Debt service subsidy model
    • Historic Rehabilitation Tax Credits and NMTCs

 

CM 22.00 



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PD515-0319AR
Arlington VA
Westin Crystal City
TBD 3/12 - 3/14 Tu We Th Varied $825.00 View
Register Now!
PD515-0819LA
Los Angeles CA
Westin Bonaventure
TBD 8/27 - 8/29 Tu We Th Varied $0.00 View