-Overview
The impact of housing on economic development efforts is a critical issue in many communities. By addressing complex housing challenges and opportunities, a community creates valuable assets while also encouraging economic development and social equity. From urban centers, suburban 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 to housing developments in their community.
The Intro Housing Finance WebCourse will begin with an introduction to the complex world of housing including introducing terminology and landscape of the housing space in community development. During this course, speakers will walk through the multitude of diverse capital sources layered into housing deals based on the type of housing being developed. Attendees will 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.
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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
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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
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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
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Course Advisor
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Allison Rowland
Council of Development Finance Agencies
Manager, Research & Technical Assistance
As Manager of Research and Technical Assistance for the Council of Development Finance Agencies (CDFA), Allison oversees all of CDFA’s food systems finance work, including the W.K. Kellogg Foundation-funded initiative to “define the food system ... asset class” to advance opportunities and leverage existing financing streams to scale local and regional food systems by increasing access to healthy foods and creating new living wage jobs in communities across the country. Throughout this work, Allison has collaborated with hundreds of stakeholders and co-authored the CDFA Food Finance White Paper Series. Allison also is working alongside five food system pilot projects across the country, leads the Food Systems Finance Advisory Council, and is initiating a variety of technical assistance projects to help position communities, their resources, and their financial products to support equitable, local food economies.
Allison also researches financing tools for the energy sector and economic development tools for Native American communities. She also produces several monthly newsletters and manages various webinar series.
Allison is a graduate of The Ohio State University where she received a Bachelor’s Degree in City and Regional Planning with a focus on sustainable community and economic development. (More)
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-Agenda
Wednesday, August 4, 2021
| Wed 12:00 PM - 12:15 PM |
Welcome & Overview
Welcome participants, introduce CDFA, and set the stage for the course.
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| Wed 12:15 PM - 2:00 PM |
Introduction to Housing Finance
To begin 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, speakers 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.
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| Wed 2:00 PM - 2:15 PM |
Break
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| Wed 2:15 PM - 5:00 PM |
Investing in Housing with Tax Credits - Part 1
One of the most active and powerful financing tools in housing development is tax credits and in particular, Low Income Housing Tax Credits (LIHTC). Since 1987 LIHTC has been utilized in tens of thousands of housing projects. This session will focus heavily on LIHTC deal structuring with discussions on the difference between the 9% and 4% credits. Expert speakers will present case studies during this session to highlight guidelines and best practices.
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| Wed 5:00 PM |
Adjourn
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Thursday, August 5, 2021
| Thu 12:00 PM - 12:15 PM |
Revisiting Day 1
Day 2 will begin with a review of key takeaways from Day 1 and the agenda for the second half of the course.
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| Thu 12:15 PM - 1:30 PM |
Investing in Housing with Tax Credits - Part 2
Did you know Historic Tax Credits (HTC) can be used to renovate housing units? Did you also know New Markets Tax Credits (NMTC) can be used in certain instances on mixed-use development and by Developers for residential rental property projects? This session will show how these tools can be used on housing projects and what practitioners should know about ensuring they remain in compliance with various regulators.
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| Thu 1:30 PM - 2:30 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.
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| Thu 2:30 PM - 2:45 PM |
Break
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| Thu 2:45 PM - 3:45 PM |
Using Bedrock & Targeted Tools to Facilitate Housing Development
Core development finance tools like private activity bonds (PABs) and tax increment financing (TIF) act as powerful catalysts for neighborhood transformation. While bonds remain a bedrock of most housing transactions this session will explore how PABs are used in combination with district-based financing like TIF to revitalize communities.
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| Thu 3:45 PM - 4:00 PM |
Break
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| Thu 4:00 PM - 5:00 PM |
Local and State Financing Programs
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. Speakers will discuss the programs they accessed for their housing projects, how it worked into their overall financing structure, and 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.
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| Thu 5:00 PM |
Adjourn
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-Location
CDFA Virtual Summer School will meet each day from 12:00-5:00 PM Eastern online. You must have access to a computer and internet to attend.
-Registration
This course will be offered at CDFA Virtual Summer School, a 2- week long series of courses presented by the CDFA Training Institute. Participants may register for one, two, three, or four courses during CDFA Virtual Summer School.
Scholarships are available to attend this event. Learn more about the
CDFA Scholarship Program,
and submit your application today.
When you register for four courses during CDFA Summer School, you will receive a $100 discount off the total registration fee.
Click the Register button to view the total fees and discounts available for CDFA Virtual Summer School.
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CDFA Member: $300
Non-Member: $450
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Register