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Welcome Enterprising Community Developers!

Welcome Enterprising Community Developers!. Words of Wisdom. “ Measure twice and cut once. ” “ It is better to be generally right than it is to be precisely wrong. ”. Civility. “It is O. K. to Disagree. Just Don’t Be Disagreeable.”

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Welcome Enterprising Community Developers!

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  1. Welcome Enterprising Community Developers!

  2. Words of Wisdom “Measure twice and cut once.” “It is better to be generally right than it is to be precisely wrong.” Civility “It is O. K. to Disagree. Just Don’t Be Disagreeable.” former U. S. President, Screen Actor and Labor Leader Ronald Reagan

  3. Participant Survey • Please rate the success of your community’s housing development production record: Great/ Fair/ Woeful • Please list the top three barriers for housing production in your community • What are the components of a Housing Development Delivery System? • If you could ask the Governor, State Senate & House of Representatives for one thing to improve housing production what would it be? • What is the role of local government in supporting housing production?

  4. Scale of Housing Development Enterprise Preservation • Consumer-Driven Scattered-Site Revitalization • Neighborhood-Driven to preserve what works and address what is failing the neighborhood market • Serve existing residents and new homebuyers Redevelopment • Developer and/or Town Driven often seek to produce a new use to serve new buyers

  5. Categories to Make Sense of Housing Development Process MARKET Who you seek to serve and determine their needs and demands SITE & CONSTRUCTION APPROACH Issues related to what exists and what can be built on a property The product to be built and overall construction process FINANCING Project cost; sources of financing, subsidy and affordability issues PROJECT MANAGEMENT Who is going to do the work?

  6. Land acquisition – contiguous lots, volume production Relocation Demolition and Environmental Abatement Zoning, Building Permits, R.E. Tax Abatement and Waivers Infrastructure Improvements – On-site and off-site Appraisal GAP –Project Development Subsidy Affordability GAP - Buyer’s Income (30% - 50% - 80% AMI) Down Payment Assistance Closing Cost Assistance How Local Government Can Support Homeownership Production

  7. Thank You and Come and Visit Us in Philadelphia. Jeremey Newberg 215-551-2000 www.capitalaccessinc.com

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