September 23, 2019 — September 25, 2019
8:00 AM — 8:00 PM
Did you know the Low-Income Housing Tax Credit/Bond Program is now available to individuals, group associations and non-profit organizations? These programs function as a tool that can be used to finance new and rehabilitated housing for low and moderate income families.
UNDERSTANDING THE FUNDAMENTALS OF REAL ESTATE DEVELOPMENT, LOCAL FUNDING SOURCES, LOW INCOME HOUSING TAX CREDITS, BONDS AND NEW MARKETS TAX CREDITS
a “Hands On” – “How To” Class
Presented by
The City of Rochester and United Developers Council (UDC)
3-DAY COURSE – SEPTEMBER 23-25, 2019
This introductory class includes an overview of the development process, local financing sources, Low Income Housing Tax Credits (LIHTC), Bonds and the New Markets Tax Credits. The fundamentals of the program will cover implementation, eligibility requirements, selection criteria, sources of information and data. The class will provide instruction on “how to” structure an effective development team from beginning to end. This class will walk a student through the details of planning and implementing stages of a project.
COURSE OUTLINE
| September 23 | |
|---|---|
| 8:00 AM | 8:00 AM – 9:00 AM Overview |
DAY I – THE DEVELOPMENT PROCESS
Overview
Real Estate Products
Market Analysis
The Development Team
Government Regulations
udc@udcnareb.com
(502) 530-0477
DAY 2-LOW INCOME HOUSING TAX CREDITS PROGRAM
• Do’s & Don’ts/Definition
• History of Section 42
• State Allocation Plan
• Structuring the Deal
• Selection Criteria
• Eligible Projects
• Calculating Credits
• Eligible Basis
• Rent/Income Restrictions
• Types of Credits
• Lender Issues
• Construction/Permanent Loans
• Secondary/Soft Debt
• The Developer/The Team
• Accountant or CPA
• Management Agent/Sponsor
• Syndicator/Attorney
DAY 3 –BONDS/NEW MARKETS TAX CREDITS
• Applicants vs Allocates
• Economically Distressed Communities
• CDFI
REGISTRATION: Visit the following link to complete your registration online:
https://udcnareb.wufoo.com/forms/united-developers-council/
FEE: $350 Per Person / $400 Per Person (On-Site)
LOCATION: Joseph A. Floreano Riverside Convention Center, 103 East Main Street, Rochester, NY 14604
HOTEL RESERVATIONS: To make reservations, please call 1-800-HOLIDAY or the hotel directly at 585-546-3450 and ask for the Reservation Department. Provide the following group name: United Developers Council. You may also choose to make reservations online by visiting www.HolidayInn.com/rochesterdtwn and entering the Group Code: UDC.
FOR MORE INFORMATION CONTACT: Clifford Turner, chturner1@usa.net, (502) 643-6991 or Matthew W Harrell, udc@udcnareb.org (502) 714-8416
