Training

Housing Development Finance:  Problem Solving and Deal Structuring*

HD430 – Housing Development Finance:  Problem Solving and Deal Structuring.  The fourth and final course in the HDFP certification program, blends the financial analysis techniques learned in the previous courses with the problem solving and negotiating skills that housing development practitioners utilize to close complex projects.  This five-day course challenges participants to analyze and structure financing packages for home ownership and rental housing deals that are complicated by a variety of factors, both financial and non-financial in nature.  Participants become skilled at the methods used to structure financing that most effectively leverages public dollars.  Specific topics include:

Deal Structuring

• Identifying financial and non-financial issues
• Assessing participants
• Problem solving process
• Devising a negotiation strategy
• Mixed-use deals
• Low-Income Housing Tax Credit deals
• Creative gap filling techniques
• Lease-purchase housing projects

Fees and Reserves

• Developer’s compensation
• Investor requirements
• Permanent lender requirements
• Types of reserves
• Credit adjusters

Other Issues

• Appraising LIHTC deals
• Exit strategies for LIHTC deals
• Zoning
• Environmental issues

Prerequisites:  HD410, HD420 and HD422

*Participants in HD430 must bring a laptop computer equipped with Microsoft Excel 2003 or higher.  We can accommodate participants who use Microsoft Excel 2007.