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Advanced Preservation Training Being Offered by HUD

by Published On: Sep 21, 2012

The U.S. Department of Housing and Urban Development (HUD) is offering 7 more 3-day training sessions, for free, on “advanced approaches to preserving affordable multifamily properties” through January 2013.  

“Partners in Housing” Advanced Preservation Training is being made available to multifamily owners and senior level management company staff free and will provide informative information on advanced approaches to preserving affordable multifamily properties.
 
According to the HUD announcement, this training builds upon the Basic “Partners in Housing” course. The basic course is not a prerequisite, but participants must be familiar with HUD Multifamily programs, including: 

  • Section 202 Direct Loans.
  • Section 236.
  • Section 8 rental assistance renewal options.
  • Refinance programs such as Section 223(f) and Section 221(d)(4).
Industry experts will lead participants through case studies and discussions on options for refinancing and repositioning multifamily properties. We will also share the latest information on HUD programs.  Training sessions will take place in five different cities.  Registration is limited, so register now for one of the sessions.

Schedule of Advanced Preservation Training

Sessions kick off in Denver on October 23-25, and run through January 2013 in Denver, Chicago, Los Angeles, Philadelphia and Boston. Here is the schedule:

  • Denver, CO. October 23–25, 2012 
  • Chicago, IL. (Session 1) November 6–8, 2012
  • Philadelphia, PA. November 13–15, 2012 
  • Boston, MA. November 28–30, 2012 
  • Los Angeles, CA. (Session 1) December 4–6, 2012 
  • Chicago, IL. (Session 2) December 11–13, 2012 
  • Los Angeles, CA. (Session 2) TBD

Sessions are 9 a.m. – 4 p.m. each day.  

Agenda of Advanced Preservation Training

The projected agenda follows:

Day 1: Strategies for Preserving Rental Assistance

  • Calculating allowable budget-based rent adjustments.
  • Mark-up-market rent adjustments.
  • Applying for project-based voucher assistance under the Rental Assistance Demonstration.

Day 2: Recapitalizing Section 202 and Section 236 properties

  • Developing pro-formas under Section 223(f).
  • Calculating the benefits of IRP Decoupling, Section 202 Refinances.

Day 3: Repositioning Section 202 and Section 236 properties with Low Income Housing Tax Credits

  • Developing budgets with LIHTCs (4% and 9%).
  • Combining LIHTCs with Section 221(d)(4) mortgages and tax-exempt bond financing.
  • Developer fees, distributions, residual receipts, repayment of Flexible Subsidy loans.

 



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