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Community Development in Anywhere, KY: A Case Study Workshop for Homeownership Projects

Join us for an engaging workshop series focused on community development in Anywhere, KY. Participants will work in teams to analyze a case study, addressing critical questions and recommending strategies for homeownership project management. Learn from industry leaders, including HUD, the Kentucky Housing Corporation, and ICF International, and explore funding options such as HOME and AHTF grants. This interactive session encourages participation, teamwork, and creative problem-solving. Together, we can make a difference in affordable housing!

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Community Development in Anywhere, KY: A Case Study Workshop for Homeownership Projects

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Presentation Transcript

  1. Homeownership Project ManagementCase StudySession 1

  2. A LITTLE ABOUT US … • HUD’s Community Planning and Development Program • Kentucky Housing Corporation • ICF International

  3. A LITTLE SOMETHING ABOUT YOU …. • Organization • State or Local Government • Nonprofit Developer • For Profit Developer • Other • My role in the Organization….. • Development and construction • Financial • Time in Housing Development

  4. RULES!!!! • Everyone participates • Live with ambiguity – sometimes no one “right” answer • Ask questions • Work in assigned teams • Have fun

  5. Workshop OBJECTIVES • Two Part Case Study in Community Development for Anywhere, KY • Attendees will work in teams to address questions posed in the case study and decide which project to recommend • Teams will present their recommendations for Anywhere

  6. SO, HOW’S THIS GOING TO WORK? • Break into Teams • Read Case Study on Anywhere, KY • Introduce Development Team • Questions and Answers • Answer 1st 2 questions in case study

  7. Players

  8. Homeownership Project ManagementCase StudySession 2

  9. Session 2 • Break into teams • Recap Session 1 • Questions • Present Funding Options

  10. Sources of Funding • HOME – Regular - $3,147,982 CHDO - $1,500,000 • AHTF - $1,500,000 Cap $200,000 HOME & AHTF Caps – Regular $500,000 CHDO $700,000

  11. Sources of Funding • ARC - $500,000 (must be essential to Federal or State affordable housing project) Maximum 10% of costs • CDBG – May be available • LIHTC – allocation based on project need • Private Sector – 75% Construction Financing 80% Conventional Financing 93% FHA Approved Financing

  12. Report Out • Teams Report Out • Open discussion – time permitting THANK YOU FOR ATTENDING!

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