Holiday Inn Miami Doral Area
3255 NW 87th Avenue
Miami, FL 33172
(305) 500-9000
This is a two day workshop. This form registers you for Part 1 – February 28, 2012, 8:30- 4:30. When finished you will have the opportunity to register for Part 2: March 6, 2012, 8:30-4:30
More than 70 percent of the United States’ affordable housing stock consists of small scale rental properties. In Florida alone there are approximately 400,000 units in multi-family developments containing 9 units or less, with the average age of this stock being 40 years old. Until recently, most of the development activities in Florida focused on single family homeownership and large tax credit funded new construction. The housing bust, combined with the creation of the Neighborhood Stabilization Program has created opportunities for nonprofit developers to acquire and rehab some of these smaller developments, but this business line is not without its challenges.
This two day workshop will provide participants with the information they need to understand the financial challenges surrounding small scale development and how to address them. The training will also provide you with tools to help you evaluate your organizational capacity to implement this business line, help you understand the market, as well as likely funding sources. We will also dive deep into property and asset management for the owner of small scale deals.
NOTE: This is an advanced workshop designed for those with development experience or experience underwriting and financing rental developments. Participants should also have a working knowledge of rental operating proformas.
For more information and to register please click here.