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Intro Housing Finance WebCourse
May 22-23, 2019
12:00 - 5:00 PM Eastern


-Overview

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 WebCourse 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.

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
  • Effective 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, May 22, 2019

Wed 12:00 PM - 12:30 PM
Welcome & Overview
Welcome participants, introduce CDFA, and set the stage for the course.
Speaker(s)
  • James Carras, Principal, Carras Community Investment, Inc.
Wed 12:30 PM - 2:00 PM
Introduction to Housing Finance
At the start of the course, we will discuss a brief history of housing finance that will provide context for the issues currently seen in the housing market. Throughout the session, experts will examine basic terms and vocabulary found in the housing sector including major players, partners, and stakeholders. Speakers will explore market segmentation with a special focus on understanding the differences between market rate, mixed-income, and affordable housing.
Speaker(s)
  • James Carras, Principal, Carras Community Investment, Inc.
Wed 2:00 PM - 2:15 PM
Break
Wed 2:15 PM - 5:00 PM
Investing in Housing with Tax Credits
One of the most active and powerful financing tools in housing development is tax credits. 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 difference between the 9% and 4% credits. Historic Tax Credits (HTC) & New Market 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.
Speaker(s)
Wed 5:00 PM
Adjourn

Thursday, May 23, 2019

Thu 12:00 PM - 12:15 PM
Revisiting Day 1
Speaker(s)
  • James Carras, Principal, Carras Community Investment, Inc.
Thu 12:15 PM - 1:15 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 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.
Speaker(s)
  • ShaDonte Butler, Community Investment Business Development Manager, Federal Home Loan Bank of Atlanta
  • James Carras, Principal, Carras Community Investment, Inc.
  • Bennett Hilley, Assistant Director, U.S. Department of Housing and Urban Development
  • Cailtin Renner, Assistant Director, U.S. Department of Housing and Urban Development
Thu 1:15 PM - 2:15 PM
Using Bedrock & Targeted Tools to Facilitate Housing Development
Core development finance tools like private activity bonds (PABs) and district-based financing can all act as powerful catalysts for neighborhood transformation. PABs are often found at the core of most housing finance deals. While bonds remain a bedrock of most housing transactions, this session will explore how PABs can be used in combination with district-based financing like TIF. Experts will also discuss how TIF and other district-based financing approaches can often be layered with other finance tools available to communities.
Speaker(s)
  • Dan Bronfman, Managing Director, Pacific Western Bank
  • Caren Kay, Associate Project Manager, SB Friedman Development Advisors
Thu 2:15 PM - 3:45 PM
Local and State Financing Programs
As state and local governments have begun to think more critically about their policies around housing, new financing tools have emerged in the public, non-profit, and private sector. Mission-driven investment by non-profit CDFIs and CRA investments by private banking institutions can be powerful financing engines. State level housing trust funds often are able to provide capital to support affordable housing in key communities. This session will examine the numerous and diverse programs available for housing development at the state and local level. Experts will discuss the programs they accessed for their housing projects and how it worked into their overall financing structure. Experts will also discuss the importance of comprehensive housing plans which address all levels of the housing continuum as a part of a community’s larger economic development strategy.
Speaker(s)
  • James Carras, Principal, Carras Community Investment, Inc.
  • Jennifer Litwak, Executive Director, Housing on Merit
  • Sean Spear, Assistant General Manager for Housing Development, Los Angeles Housing and Community Investment Department
Thu 3:45 PM - 4:00 PM
Break
Thu 4:00 PM - 5:00 PM
Housing Project Marketplace
In this interactive session, selected attendees will present their projects to a panel of expert advisors for comment and technical assistance. All attendees are encouraged to comment and ask questions during this session.
Speaker(s)
Thu 5:00 PM
Adjourn

-Location


The Intro Housing Finance WebCourse will take place on the web through GoToWebinar, an online distance learning software. The course will meet each day on May 22-23, 2019 from 12:00-5:00 pm (Eastern). You must have access to a computer and phone to attend the WebCourse.

-Registration

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

CDFA permits only one person to login and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate the connection and access to GoToWebinar. CDFA offers group discounts for organizations that wish to register multiple people.

Register before April 29, 2019 for Early-Bird Rates.
Early Bird Rates
(Ends April 29)
CDFA Member: $550
Non-Member: $825
Standard Rates
(After April 29)
CDFA Member: $600
Non-Member: $875


Register