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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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PD112-0420MN
Minneapolis MN
Aloft Minneapolis
TBD 4/28 - 4/30 Tu We Th Varied $855.00 View

PD405-Revolving Loan Funds

Many communities, to expand financing options for business expansion and development projects, have created local revolving loan funds.  RLFs complement scare public and private funding by recycling funds and leveraging private dollars.  NDC's RLF course teaches a process for effectively designing public loan fund portfolios, analyzing credit and collateral, closing and documenting loans, portfolio servicing and management, innovative workout strategies are a few of the topics reviewed in this two-day course.

 

 

CM I 14.0



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PD405-0620PH
Philadelphia PA
The Warwick Rittenhouse Square
TBD 6/16 - 6/17 Tu We Varied $570.00 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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PD515-0220PH
Philadelphia PA
The Warwick Rittenhouse Square
TBD 2/3 - 2/5 Mo Tu We Varied $855.00 View
Register Now!
PD515-1120LA
Los Angeles CA
Westin Bonaventure
TBD 11/17 - 11/19 Tu We Th Varied $855.00 View