About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×
Intro Housing Finance Course
November 7, 2018
Dallas, TX

Alaska Industrial Development and Export AuthorityBaker Tilly Virchow KrauseBallard Spahr LLPBNY MellonBricker & Eckler LLPBryan Cave Leighton Paisner LLPBusiness OregonCohnReznickFBT Project Finance Advisors LLCFrost Brown Todd, LLCGrant Thornton LLPHawkins Delafield & Wood LLPIce Miller LLPKeyBanc Capital MarketsKutak Rock LLPMB Financial Bank, NAMcCarter & English, LLPMcGuireWoodsNW Financial Group, LLCSB Friedman Development AdvisorsSquire Patton BoggsStern BrothersStifel NicolausU.S. BankWells Fargo SecuritiesWilmington TrustZ. The Bond Buyer

-Overview

Apply for a scholarship

The impact of housing on economic development efforts is a critical issue in many communities. By addressing complex housing challenges and opportunities, a city can create valuable assets while also encouraging economic development and social equity. From urban centers, surburban enclaves and rural cities, communities across the country have numerous tools available to support the development of affordable, market rate, mixed-income and mixed-use housing. The Intro Housing Finance Course will explore how the development finance toolbox can be utilized to support a myriad of housing challenges and opportunities as well as how development finance agencies can become key partners in housing development in their community.

The Intro Housing Finance Course will begin with an introduction to the complex world of housing including introducing attendees to the terminology and landscape of the housing space in community development. During this course, experts will walk through the multitude of diverse capital sources layered into housing deals based on the type of housing being developed. Attendees will lastly delve into innovative case studies from across U.S. of how investment in an effective housing financing strategy can help drive the success of local economic development.

This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

2018 National Development Finance Summit

This year, the Intro Housing Finance Course will be held in conjunction with the 2018 CDFA National Development Finance Summit which will take place in Dallas, Texas. The CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

The CDFA National Summit is a dealmaking event at its core with a program built to encourage networking and individualized learning about all types of development finance tools and programs. At the CDFA National Summit, you will meet industry experts, connect with financing, learn about the latest approaches, and discover development finance solutions to bring to your local community.

Register

Course Objectives

  • Be introduced to terminology and the landscape of the housing finance world
  • Understand the role that development finance agencies can play in housing development
  • Learn to layer different types of finance tools to successfully support diverse housing
  • Examine innovative housing finance case studies from across the country
  • Learn the multitude of players involved in housing deals
  • Explore different housing finance options for varying communities and segments of the population

Topics Covered

  • Utilizing taxable and tax exempt bonds for housing development
  • Financing mixed-use, mixed-income, & affordable housing
  • Utilizing low-income housing tax credits, new markets tax credits, historic tax credits for housing development
  • Affective use of tax increment financing & special assessment to support housing
  • Understanding federal programs that support housing development
  • Identifying partners in housing finance deals

Who Should Attend?

  • Bond issuers
  • Economic development professionals
  • Community development professionals
  • Elected officials
  • Government and nonprofit finance officers
  • Corporate trustees
  • Legal counsel
  • Underwriters
  • Commercial bankers
  • Accountants
  • Financial advisors
  • Policy makers

Course Advisor

James Carras James Carras
CDFA Housing Finance Course Advisor
Carras Community Investment, Inc.
Principal
James Carras is a member of the faculty at Harvard University’s John F. Kennedy School of Government and Graduate School of Design as well as Tufts University’s Department of Urban Policy and Planning. He has been consulting with mission-driven... (More)

-Agenda

Wednesday, November 7, 2018

Wed 8:30 AM - 9:00 AM
Welcome & Overview
Welcome participants, introduce CDFA, and set the stage for the course.
Wed 9:00 AM - 10:00 AM
Introduction to Housing Finance
At the start of the course, we will discuss a brief history of housing finance and provide context for what this means in today’s housing market. This session will include explanations of basic terms and vocabulary found in the housing sector and explore market segmentation with a focus on understanding the differences between market rate, mixed-income and affordable housing.
Wed 10:00 AM - 11:00 AM
Key Players, Partners, Producers and Stakeholders
Successfully financing any housing deal requires a coalition of stakeholders working to bring a project to fruition. Understanding the often-complex landscape of these players is essential. During this session, expert panelists will examine the ‘who’ of housing finance by delving into the different state, local and national level organizations that play a role in this industry.
Wed 11:00 AM - 11:15 AM
Break
Wed 11:15 AM - 12:15 PM
Federal Programs for Housing Finance
This session will focus on the financing programs and tools available from federal agencies for housing production and support. Beginning with a discussion on Fannie Mae & Freddie Mac, representatives from the Federal Home Loan Bank system, USDA and HUD will be on-hand to discuss their programs, explain how to use them, and help you consider which financing strategies to employ given certain types of housing development opportunities.
Wed 12:15 PM - 2:00 PM
Lunch Session: Investing in Housing with Tax Credits
Tax credits are one of the most active and powerful financing tools in housing development. Low-Income Housing Tax Credits (LIHTC) in particular have been utilized in nearly 46,000 affordable housing projects since 1987. This session will focus heavily on LIHTC deal structuring with discussions on the differences between the 9% and 4% credits. Historic Tax Credits (HTC) and New Markets Tax Credits (NMTC) will also be discussed in the context of facilitating the development of housing. During this session, experts will detail basic tax credits structures and their application in deals.
Wed 2:00 PM - 2:15 PM
Break
Wed 2:15 PM - 3:15 PM
Using Bedrock & Targeted Tools to Faciltate Housing Development
Private activity bonds (PABs) and district-based financing can be powerful catalysts for neighborhood transformation. In fact, PABs are often found at the core of most housing finance deals. This session will explore how PABs can be used in combination with district-based financing tools like tax increment financing and special assessments to assemble the necessary capital for a housing finance deals. This method of layering capital is particularly powerful for mixed use, mixed income developments and other complex housing projects.
Wed 3:15 PM - 4:30 PM
Local & State Financing Programs
As state and local governments have begun to think more critically about their policies around housing, new financing vehicles have emerged in the public, non-profit and private sectors. Mission driven investment by non-profit CDFIs and CRA investments by private banking institutions can be powerful financing tools. State level housing trust funds often are able to provide capital to support affordable housing in communities. This session will examine the numerous and diverse programs available for housing development at the state and local levels. Experts will discuss the structure of different deals given the types of capital used, and how to align a financing strategy with local and state housing and economic development policies.

-Location


The 2018 National Development Finance Summit will be held at the Sheraton Dallas Hotel, located downtown in the vibrant Arts and Financial District. Enjoy the best of downtown Dallas - from the American Airlines Center to the cultral attractions of the Arts District - right at your fingertips.

Sheraton Dallas Hotel
400 North Olive Street
Dallas, TX 75201
Phone: 214-922-8000

Reserving a Room

CDFA has arranged a significantly reduced room rate of $199.00 (plus tax and service fees) per night for a standard room (single or double occupancy). Hotel rooms are available from November 6 to November 9 at the reduced rate if reservations are made before October 16. This rate is not guaranteed if reservations are made after the cut-off date or if the hotel is sold-out. Please reserve your room early.

>>>Reserve Hotel Rooms Online

Sheraton Dallas Hotel Directions

The Sheraton Dallas Hotel is served by two major airports. Dallas/Ft. Worth International Airport (DFW) is approximately 30 minutes away from the hotel and Dallas Love Field Airport (DAL) is approximately 20 minutes away. The hotel is accessible by metered taxi and DART Light Rail System. For those arriving by car, driving directions are posted on the hotel's website. Valet parking is available upon request.

-Registration

The Intro Housing Finance Course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

Register before September 14, 2018 for Early-Bird Rates.
Early Bird Rates
CDFA Member: $400
Non-Member: $550
Standard Rates
CDFA Member: $450
Non-Member: $600


Register