This one-day course will cover the essentials of how to finance the development of affordable homeownership housing, whether it be a small subdivision, scattered-site infill or in-town block development. This course will show you a method to accurately estimate the amount of subsidy needed, even before you develop your development budget, based on the median income of your target neighborhood. It will cover methods for tracking cash flow during construction as well as how to develop a sources and uses pro forma for the development of your houses. Sources of financing will also be discussed as well as the chain of loans necessary to develop homeownership housing. Tips on how to minimize interest cost during construction will also be provided. A working knowledge of Excel is necessary for this class. Computers will be provided to each participant.
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