Rental Housing Development Finance (RHDF)

National Development Council

#9175340

Wednesday, April 3, 2019, 8:30 a.m.
Thursday, May 20, 4, 4 p.m. LMT

New York, NY, United States

CM | 18

Add to My Log

Overview

The Rental Housing Development Finance (RHDF) course 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 of 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

Speakers

Kevin Gremse

Kevin Gremse is an economic development professional with over two decades of experience. Kevin has used his working knowledge of business credit and real estate underwriting and proven experience with federal, state, and local economic development incentive programs to structure development transactions exceeding $600 million throughout the country. As a ... Read More

Contact Info

Brittani Coy, bcoy@ndconline.org