Homeownership project management case study session 1
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Homeownership Project Management Case Study Session 1. A LITTLE ABOUT US …. HUD’s Community Planning and Development Program Kentucky Housing Corporation ICF International. A LITTLE SOMETHING ABOUT YOU …. Organization State or Local Government Nonprofit Developer For Profit Developer

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Presentation Transcript

A little about us
A LITTLE ABOUT US …

  • HUD’s Community Planning and Development Program

  • Kentucky Housing Corporation

  • ICF International


A little something about you
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


Rules
RULES!!!!

  • Everyone participates

  • Live with ambiguity – sometimes no one “right” answer

  • Ask questions

  • Work in assigned teams

  • Have fun


Workshop objectives
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


So how s this going to work
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




Session 2
Session 2

  • Break into teams

  • Recap Session 1

  • Questions

  • Present Funding Options


Sources of funding
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


Sources of funding1
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


Report out
Report Out

  • Teams Report Out

  • Open discussion – time permitting

    THANK YOU FOR ATTENDING!