Housing that is physically and financially sustainable can change lives and improve neighborhoods. The shortage of affordable housing and the fierce competition for funds has been a national issue for many decades and the current economic crisis has brought these issues to new localities. The challenge for quality, affordable housing requires confident skills in project management, and knowledge of the many public and private financial resources.

AH226vc Creative Project Financing Strategies for Affordable Housing

Assembling development financing is one of the most exciting, creative and challenging aspects of real estate development. Most development projects require assembling funds from numerous sources. This intermediate level course provides participants with these knowledge and skills to creatively combine private loans, public capital funds, various kinds of equity investments, and ongoing subsidies for strong, sustainable projects. Participants will also learn how to evaluate whether resources are appropriate for a specific project. They will learn the financing issues facing major kinds of projects in today’s financial markets: rental housing, homeownership, cooperatives, and nonresidential such as community facilities, offices, or retail Current market dynamics’ – foreclosures, investors’ loss of confidence, and more strict bank financing requirements – impact on development will be discussed.