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Sponsored by Lorman Education
Product ID: 405612EAU
 
Credit & Course Provided by:

Affordable Housing: Finance and Development, How to Maximize the Available Resources

OnDemand Webinar (89 minutes)

Understand how to effectively use available financing tools to develop quality housing for low-income residents.Shelter is a basic human need - but not everybody can afford decent housing. It falls to developers to offer good homes for low-income families. Unfortunately, building and operating affordable housing is costly and requires complex financing tools, typically from multiple federal, state and private sources. This topic will help you understand how to effectively use available financing tools to develop quality housing for low-income residents. It explains the multitude of financing tools for affordable housing and the complicated application procedures for these funding sources. This information is vital for anyone involved in the development or operation of affordable housing and will increase participants' understanding of the advantages and challenges of available affordable housing financing tools.

Authors

Nora Lake-Brown, David Paul Rosen & Associates

Agenda

Affordable Housing Financing Sources

• Low-Income Housing Tax Credits

- 9% Tax Credits

- 4% Tax Credits (With Tax-Exempt Bonds)

- State Tax Credits

• First Mortgage Financing

- Conventional Loans

- Tax-Exempt Bonds

- Federally Subsidized Loans

• HUD and Housing Authority Programs

- 202, 221(d) and 811)

- Project-Based Vouchers

• Other Sources of Gap Financing

- Deferred Payment and Cash Flow Loans

- Grants

- HOME

- CDBG

- Federal Home Loan Bank Affordable Housing Program (AHP)

- Tax Increment Financing

• Other Tax Credits and Tax Benefits

- Historic Credits

- New Market Tax Credits

- Opportunity Zones