Day 1 |
|
8:30 - 9:00 am |
Registration (Coffee Available) |
|
9:00 - 9:30 am |
Welcome and Introductions
|
|
9:30 am - 12:30 pm |
Economic Development Financing
The Goals of Economic Development
Finance
Tools and Incentives
-- Public Sector
-- Private Sector
Loans, Guarantees, Grants and Tax Incentives
-- Calculating Debt
Service
Case Study
Source and Use Statement |
|
12:30 - 2:00 pm |
Lunch
|
|
2:00 - 4:30 pm |
Operating Business Financing Programs
Program Models
--
Subordinated Financing
-- Loan Guarantees
-- Micro Lending
-- Equity
Investments
Small Business Administration (504, 7(a), and micorlending)
Community Development Finance Institution
Industrial Development
Bonds (IDBs) |
|
4:30 pm |
Homework Case Study
|
|
Day 2 |
|
8:30 - 9:00 am |
Homework Review |
|
9:00 - 10:00 am |
Revolving Loan Funds
Matching Sources and Uses of Funds
Funding Sources
-- CDBG
-- Foundations
-- Community Reinvestment
Fund
-- Banks and Lending on a Spread
Case Study
|
|
10:00 am - 12:00 pm |
Financing Example: Business Loan Fund
|
|
12:00 - 1:00 pm |
Lunch
|
|
1:00 - 3:00 pm |
Real Estate Financing
Key Financial Analysis Documents
Source and Use Statement
Operating Pro Forma
Permanent
Lender Underwriting and Ratio Analysis
Underwriting Issues
Lender Ratios
-- Loan to Value Ratios
-- Debt Coverage Ratio
Case Study |
|
3:00 - 4:00 pm |
Public Financing Programs
Subordinated Loan Programs
CDBG
Float Loan Program
CDBG Section 108 Program
Other methods public
sector assist real estate development |
|
4:00 pm |
Homework - Case Study
|
|
Day 3 |
|
8:30 - 9:00 am |
Homework Review |
|
9:00 - 10:30 am |
Taxes and Real Estate Development
Cash Flow After Tax
Depreciation
Passive Income/Loss Limitations
Case Study
|
|
10:30 am - 12:00 pm |
Low-Income Housing Tax Credits Rehabilitation Tax Credits (Historic Tax
Credits)
Tax Credit Thresholds
Limited Partnerships
Case Study |
|
12:00 - 1:30 pm |
Lunch
|
|
1:30 - 2:30 pm |
Real Estate Development and New Markets Tax Credits
Key
Issues
Case Studies |
|
2:30 - 3:00 pm |
Pulling It All Together: Structuring
Financing Tools
Debt
and Equity Vehicles
Tax-exempt bond financing |
|
3:00 pm |
Adjourn
|
|
|
* Agenda subject to change |
|
**PLEASE NOTE: In order to receive full IEDC certification credit for
this course and a certificate indicating course completion, participants must
attend the entire course and stay through the final session on the last day.
Please make travel plans accordingly.** |
