Pre-Conference Training


Affordable Housing Finance Workshop
Learn how to develop an affordable housing financing plan
Monday, June 26, 9:00 am to 4:00 pm CT
Marriott City Center

Early Bird Price $375 (through May 15)
Regular Price: $425
Lunch is included

Looking to gain a deeper understanding of the affordable housing financing process? Back by popular demand, our one-day intensive training is here to help. Join us for an in-person class that starts with an introduction to the differences between market-rate and affordable housing, and then moves on to a review of key gap financing available to affordable housing. In the afternoon, we'll dive into a real-life case study to learn about the steps, calculations, and trade-offs involved in developing a financing plan for an affordable housing property. 

Whether you're an asset manager, property manager, or simply looking to expand your knowledge, this class is tailored to help you achieve your goals. And if you’re completing your Certified Housing Asset Manager designation, this training satisfies the Housing Development requirement. 

Here is what you will learn:

  • Fundamental differences between market-rate and affordable housing development.
  • Various affordable housing funding sources and each funding source’s role in developing affordable housing. We’ll highlight Low Income Housing Tax Credits, tax-exempt bonds, rental subsidies and HUD-insured mortgages.
  • How a financing plan is developed with sources and uses statements, an operating proforma with trending assumptions, and amortization schedules.
  • Simplified calculation for determining tax credit equity.
  • Underwriting tradeoffs such as equity/debt mix, determining debt capacity and tax credit equity investment, trade-off of lower rent vs. limited debt capacity.

Instructor:
Our trainer, Jack Geary, is a long-time CHAM instructor with over 40 years of property management, asset management, and development experience in both the public and not-for-profit housing sectors. Jack is a former public housing resident (Boston Housing Authority) and is the retired Director of Operations of the Cambridge (MA) Housing Authority.

Good to Know:

  • You will receive a copy of an Excel spreadsheet workbook, pre-loaded with formulas and links for a housing finance plan, as well as the case study scenarios.
  • You are welcome to bring your own computer and “play along” during the case study, but this is not required.
  • It is recommended you have Excel skills and basic knowledge of affordable housing concepts.


How to Register:
Sign up for this class when you register for the conference here. You can add it at any time before registration closes. If you want to register for the class only, please email occhevents@occh.org.