January 2014 Brownbag: Government Backed Financing in a Post Redevelopment World

  • January 29, 2014
  • 12:00 PM - 1:30 PM
  • 281 S. Figueroa Street, Suite 100, Los Angeles, CA 90012
  • 0

Registration

  • If you are not a SCANPH member there is a small $10 charge.
  • You must be entered in our system as a member to register in this category. If you beleive there has been an error, please call us at (213) 480-1249.

Registration is closed

JANUARY 2014 BROWNBAG: GOVERNMENT BACKED FINANCING IN A POST REDEVELOPMENT WORLD

WEDNESDAY, JANUARY 29
12:00 PM to 1:30 PM
281 S. Figueroa Street, Suite 100, Los Angeles, CA 90012

If you are interested in attending this brownbag, please email ali@scanph.org to be placed on the waiting list.

 

Kelly Boyer, Partner/Chief Operating Officer, Preservation Partners Development

Erich Yost, Supervisory Project Manager, Los Angeles HUD

James Morgan, Chief, Multifamily Programs (acting), CalHFA

Sean L. Spear, Executive Director, CDLAC

Ted Chandler, Chief Operating Officer, AFL-CIO Housing Investment Trust (moderator)

 

With the demise of redevelopment, affordable housing developers and owners are looking for ways to close the gaps in project finance previously filled by local affordable housing set-aside dollars.  Two of the most promising government programs to emerge are FHA construction/permanent financing programs for affordable housing, and CalHFA's Preservation Loan Program.  Participants will learn about FHA's processing priorities and requirements for affordable housing, and underwriting guidelines;  about CalHFA's recent expansion of its Preservation Loan Program to all existing affordable housing projects in the state;  and trends in use of tax exempt of bonds, and CDLAC's forward commitment program.

 

In the wake of losing local redevelopment dollars to support affordable housing development,, FHA's construction/perm loan programs and CalHFA's Preservation Loan Program are helping to fill the gaps.  In this workshop, participants will learn what kinds of deals are being done, both new construction and resyndications.  You'll hear the latest about FHA's processing priorities and underwriting guidelines for tax credit projects, and about CalHFA's newly expanded Preservation Loan Program for rehabilitation and resyndication of existing projects, from the people running those programs.  The head of CDLAC will describe its forward commitment program, and the latest trends in bond financing for these developments. A developer expert  in the latest loan structures will discuss the key considerations when using them. Participants will also learn how to customize the financing to make projects work from a pension fund investor specializing in government-backed debt.

REACH US

Southern California Association of Non-Profit Housing
501 Shatto Place, Suite 403
Los Angeles, CA. 90020

(213) 480-1249 
fax (213) 480-1788

www.scanph.org


MEMBER LOGIN

Copyright © 2017 SCANPH

Powered by Wild Apricot Membership Software