Mixed Use Real Estate Finance

National Development Council

#9124714

Tuesday, August 29, 2017, 9 a.m.
Thursday, August 31, 2017, 5 p.m. CDT

Minneapolis, MN, United States

CM | 15.25

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Overview

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

 

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Training Our Communities, Our States, Our Nation

NDC Training builds development finance capacity in professionals working at every level and for every sector of the economic, housing and community development profession:

• Federal, State and Local Governments
• Nonprofits – national, regional and neighborhood-based
• Philanthropic Foundations and Individuals
• Community Banking
• Tax Credit Syndicators and Investors
• Legal, Accounting Development partners.

NDC created the first training program solely for economic, housing and community development practitioners four decades ago. Since then, we have trained more than 70,000 individuals in the art and science of economic and housing development finance.

NDC’s courses are intense and rigorous, with as many classroom hours as an average college course, plus homework, and in certification courses, a final examination administered on the last day of each class. You may attend the courses at your own pace but may not enroll in any course until you have met all prerequisites. Training participants work through case studies based on actual projects. Real world problems and obstacles arise and are resolved.

 

Course instructors, including community and economic development officials, former bankers, developers, entrepreneurs and government agency leaders, are members of NDC’s team of development finance specialists who impart real-world knowledge in the classroom. As deal-doers themselves working in communities across the country in support of NDC’s mission, our instructors bring a wealth of experience and a timely perspective to every NDC training course.

Resource URL

https://nationaldevelopmentcouncil.asapconnected.com/ClassDetail.aspx?pk=757894

Speakers

Tom Jackson

Tom Jackson joined the National Development Council (NDC), one of the oldest national not-for-profit full service community and economic development organizations in the country, in 2007 as a Field Director with the Central Team. In 2011, Tom assumed the leadership of NDC’s Training Division, while maintaining his roles as ... Read More

Contact Info

Tom Jackson, tjackson@ndconline.org