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Housing Development Finance



HD420 Online Rental Housing Development Finance

Registration is restricted to invitees of sponsoring organization.

This six half-day online course takes a detailed look at the analysis, financing and development of affordable rental housing.  Participants learn the underwriting criteria used by lenders and the rate of return demanded by private equity investors in order to determine their investment in a rental housing project.  This course also explores the methods practitioners can utilize to attract the maximum amount of private capital to rental housing project as well as the techniques to fill financing gaps with public resources.  Attendees who successfully complete the examination for the course obtain one of the three prerequisites necessary to receive NDC's Rental Housing Development Finance Professional Certification.  Specific topics include:

  • Rental Housing Development Process
  • Financial Projections
  • Syndication
  • Historic Rehabilitation and Low-Income Housing Tax Credits
  • Appraisals
  • Private Sector Financing
  • Discounted Cash Flow Analysis


Additional Information

Add Section Location Instructor Dates Days Times Fees Details Open
Register Now!
HD420-0221RC
Remote Classroom
Online
TBD TBD TBD TBD $1,425.00 View

HD420-Rental Housing Development Finance - REMOTE CLASSROOM

The second course in the HDFP Certification Program, as well as the first course in the RHDFP Certification Program, HD420 takes a detailed look at the analysis, financing, and development of affordable rental housing.  In this course, participants learn the underwriting criteria used by lenders and the rates of return demanded by private equity investors in order to determine their investment in a rental housing project.  This course also explores the methods practitioners can utilize to attract the maximum amount private capital to rental housing projects as well as the techniques to fill financing gaps with public resources.

Specific topics include:

  • Rental Housing Development Process
    • Key actors and their concerns
    • Steps in developing rental housing
  • Financial Projections
    • Pro forma income and expense analysis
    • Sources and uses of funds statements
  • Private Sector Financing
    • Permanent lender ratio analysis
    • Construction lender analysis
    • Construction management
  • Appraisals
    • Three approaches to value
  • Tax Credits
    • Historic Rehabilitation Tax Credits
    • Low-Income Housing Tax Credits
  • Discounted Cash Flow Analysis
    • Present value theory
    • Internal rate of return
  • Syndication
    • Pricing benefits
    • Investor concerns
    • Key partnership issues
  • Deal Structuring
    • Altering rates of return
    • Debt and equity investment vehicles

 

CM I 36.0



Additional Information

Add Section Location Instructor Dates Days Times Fees Details Open
Full
HD420-0121RC
Remote Classroom
Online
Wexler 1/25 - 1/29 Mo Tu We Th Fr 10:00 AM - 05:00 PM $1,425.00 View
Register Now!
HD420-0321RC
Remote Classroom
Online
Garritson 3/1 - 3/10 Mo Tu We Th Fr Sa Su 10:00 AM - 03:00 PM $1,425.00 View

HD423-Computer Spreadsheet Analysis For Rental Housing

The second course in the RHDFP Certification Program™, HD423 incorporates the use of computer spread sheets designed to give participants the ability to apply the financial analysis techniques presented in the previous course. In this four, half-day course, participants learn to use of rental housing spread sheets as a tool to locate and interpret key financial information and to restructure a housing transaction based on revised assumptions. More time is available to consider structuring options for affordable rental housing case studies. Specific topics include:

  • Spread Sheet Basics
    • Navigating financial analysis forms and spread sheets
    • Entering data into computerized spread sheets
    • Implications of changing project assumptions
  • Rental Housing Spreads Sheets
    • Development budget
    • Pro forma income and expense statement
    • Sources of funds
    • Tax and appreciation benefits
  • Debt and Equity Investment Vehicles
    • Alternative mortgage instruments
    • HOME
    • CDBG
    • Other financing programs


Additional Information

Add Section Location Instructor Dates Days Times Fees Details Open
Register Now!
HD423-0521RC
Remote Classroom
Online
TBD TBD TBD TBD $855.00 View
Reg. Closed
HD423-0121RC
Remote Classroom
Online
Garritson 1/19 - 1/22 Tu We Th Fr 10:30 AM - 03:30 PM $855.00 View

HD435-Rental Housing Development Finance: Problem Solving and Deal Structuring - REMOTE CLASSROOM

The third and final course in the Rental Housing Development Finance Professional Certification Program™, HD435 blends the financial analysis techniques learned in the previous courses with the problem solving and negotiating skills that housing development practitioners use to close complex projects. This course challenges participants to analyze and structure financing packages for rental housing deals that are complicated by a variety of factors, both financial and non-financial. Participants become skilled at the methods used to structure financing that most effectively leverages public dollars. Specific topics include:

  • Deal Structuring
    • Identifying financial and non-financial issues
    • Assessing participants
    • Problem solving process
    • Devising a negotiation strategy
    • Mixed-use deals
    • Low-Income Housing Tax Credit (LIHTC) deals
    • Creative gap filling techniques
    • Lease-purchase home ownership using LIHTC projects
  • Fees and Reserves
    • Developer’s compensation
    • Investor requirements
    • Permanent lender requirements
    • Types of reserves
    • Credit adjusters
  • Other Issues
    • Appraising LIHTC deals
    • Exit strategies for LIHTC deals
    • Zoning
    • Environmental issues


Additional Information

Add Section Location Instructor Dates Days Times Fees Details Open
Register Now!
HD435-0321RC
Remote Classroom
Online
TBD TBD TBD TBD $1,425.00 View