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Homeownership Project Management Case Study Session 1

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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Homeownership Project Management Case Study Session 1

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  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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