| May 17, 2011 | | 9:00 am | to | 4:00 pm |
Date: Tuesday, May 17, 2011
Time: 9:00 a.m. to 4:00 p.m.
Location: College of the Holy Cross, Worcester, MA
Register online at CHAPA’s website
Download the Conference Brochure
CHAPA, MAHA and MACDC are sponsoring a statewide conference that will put forth a practical vision for sustainable homeownership policies and practices over the next several years.
Specific topics include:
- Homebuyer education and counseling
- Reform of Fannie Mae and Freddie Mac
- Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) updates
- Neighborhood stabilization focusing on communities hardest hit by foreclosures
- Affordable mortgage products
- Development of affordable homeownership units
- Monitoring and deed restrictions
- Creative ideas for homeownership such as Community Land Trusts
Sponsors:
Citizens’ Housing and Planning Association
Massachusetts Affordable Housing Alliance
Massachusetts Association of Community Development Corporations
Co-Sponsors:
Fair Housing Center of Greater Boston
Federal Deposit Insurance Corporation
Federal Home Loan Bank of Boston
Federal Reserve Bank of Boston
Massachusetts Association of Realtors
Massachusetts Community & Banking Council
Massachusetts Department of Housing and Community Development
Massachusetts Housing Partnership
MassHousing
NeighborWorks America
Regional Housing Network of Massachusetts
The Midas Collaborative
Register online at CHAPA’s web site
Please see the conference brochure for more details on the speakers and workshops and to register by mail or fax.
For more information, please contact CHAPA at 617-742-0820.
A Roundtable Discussion for Non-Profit Developers of Affordable Housing and Community Development Projects
Date: Wednesday, April 13, 2011
Time: 8:00am – 10:00am
Location: Essex County Community Foundation, 175 Andover Street, Suite 101, Danvers, MA
Housing and community development organizations, like many other non-profit organizations, are experiencing increased pressure due to limited development opportunities, more stringent financing standards and greater fundraising challenges. On April 13, 2011, the Essex County Community Foundation (ECCF) and Massachusetts Association of Community Development Corporations (MACDC) will co-host a roundtable discussion on “Increasing Capacity and Achieving Economies of Scale in the Non-profit Sector” providing developers of affordable housing and community development projects with an opportunity to share their views on possible models for increasing capacity, cutting costs, achieving economies of scale and leveraging their ability to raise debt and equity through:
- development joint ventures
- corporate restructuring, charter amendments and mergers
- outsourcing property management
Panelists will be:
- Shirronda Almeida, Director of The Mel King Institute for Community Building
- Mickey Northcutt, Executive Director of North Shore Community Development Coalition
- Chrystal Kornegay, President and CEO of Urban Edge Housing Corporation
- Emily Rosenbaum, Executive Director of Coalition for a Better Acre
- David Welbourn, President and CEO of ECCF
Moderator: Kurt James, Director at Rackemann, Sawyer & Brewster, P.C.
To allow for full discussion, attendance at the roundtable discussion will be limited. If you would like to attend, please RSVP to Patricia Michaud by telephone at 1-978-777-8876 or by email at p.michaud@eccf.org no later than Friday, April 8, 2011.
Presented by the Joint Center for Housing Studies of Harvard University
Thursday, March 31, 2011 at 1:00 PM
Marc Dohan, Executive Director, Twin Cities CDC of Fitchburg & Leominster, Massachusetts
Tackling Massachusetts’ Housing Needs – Boston and Beyond: The View from Fitchburg and Leominster
Harvard Graduate School of Design, Gund Hall, Room 510
Co-Sponsored by the Rappaport Institute for Greater Boston
Tuesday, April 12, 2011 at 1:00 PM
Elyse Cherry, Chief Executive Officer and Venture Fund President Boston Community Capital
Tackling Massachusetts’ Housing Needs – Boston and Beyond: The View from Boston
Harvard Graduate School of Design, Gund Hall, Portico 123
Co-Sponsored by the Rappaport Institute for Greater Boston
Monday, April 25, 2011 at 1:00 PM
Chrystal Kornegay, President & Chief Executive Officer, Urban Edge
Tackling Massachusetts’ Housing Needs – Boston and Beyond: The View from Jamaica Plain and Roxbury
Harvard Graduate School of Design, Gund Hall, Portico 121
Co-Sponsored by the Rappaport Institute for Greater Boston
RSVP not required. All events are free and open to the public.
For more information visit www.jchs.harvard.edu.
| May 4, 2011 | | 9:00 am | to | 4:30 pm | | May 25, 2011 | | 9:00 am | to | 4:30 pm | | June 14, 2011 | | 9:00 am | to | 1:30 pm |
Advanced 3-Day Seminar
Co-Sponsored by the Hyams Foundation and the Citizens’ Housing and Planning Association
Date: May 4, May 25, and June 14, 2011
Time: 9:00am – 4:30pm
Locations:
May 4: One Badger Rd., Framingham, MA 01702
May 25: 89 South St., Boston, MA 02111
June 14: One Badger Rd., Framingham, MA 01702
This advanced seminar will examine unique foreclosure redevelopment issues that differ from other kinds of housing and real estate development. Community developers have been pursuing diverse approaches to foreclosed properties in recent years. This three part workshop will share their experiences, with presentations by CDC staff and other experts in the field. All participants are encouraged to bring their own experiences and questions, so we all can improve our work to alleviate the foreclosure problems facing our communities.
This seminar is designed for nonprofits, municipal officials and others who want to improve their tools and techniques for improving the redevelopment of foreclosed housing. Participants should have experience in real estate development and be actively involved in foreclosed property redevelopment.
Specific curriculum areas of focus include:
- How redeveloping foreclosed housing fits within larger community improvement plans
- Multiple strategies for acquiring foreclosed properties, and which sellers are most active in Massachusetts
- Diverse approaches to renovating foreclosures
- Issues in redeveloping occupied foreclosures, such as regulatory concerns and property management needs
- Discussion of public policies and programs that can promote successful
restoration of foreclosed property and ways to improve them
This training seminar will be led by Louise Elving of Viva Consulting
Full Seminar Agenda
MACDC Member Registration: $150.00
Non MACDC Member Registration $300.00
(Registration fee includes on site breakfast and lunch for Day 1 & 2)
Online Registration requires credit card payment
For invoice payment & group discounts information, please contact Jay Rosa:
Jayr@macdc.org
617-426-0344 x.33
| April 13, 2011 | | 8:00 am | to | 9:30 am |
A Roundtable Discussion for Non-Profit Developers of Affordable Housing and Community Development Projects
Housing and community development organizations, like many other non-profit organizations, are experiencing increased pressure due to limited development opportunities, more stringent financing standards and greater fundraising challenges. On Wednesday, April 13, 2011, the Essex County Community Foundation (ECCF), Massachusetts Association of Community Development Corporations (MACDC) and Boston Private Bank & Trust Company will co-host a roundtable discussion on “Increasing Capacity and Achieving Economies of Scale in the Non-Profit Sector” providing developers of affordable housing and community development projects with an opportunity to share their views on possible models for increasing capacity, cutting costs, achieving economies of scale and leveraging their ability to raise debt and equity through:
- development joint ventures
- corporate restructuring, charter amendments and mergers
- outsourcing property management
Discussion panelists will include:
- Shirronda Almeida, Director of The Mel King Institute for Community Building
- Chrystal Kornegay, President and CEO of Urban Edge Housing Corporation
- Mickey Northcutt, Executive Director of North Shore Community Development Coalition
- Emily Rosenbaum, Executive Director of Coalition for a Better Acre
- David Welbourn, President and CEO of ECCF
Moderator: Kurt James, Director at Rackemann, Sawyer & Brewster, P.C.
You are invited to join this discussion. The meeting will be held on:
Wednesday, April 13, 2011
Continental breakfast 8:00 a.m.
Program 8:30-10:00 a.m.
Essex County Community Foundation
175 Andover Street, Suite 101
Danvers, Massachusetts
To allow for full discussion, attendance at the roundtable discussion will be limited. If you would like to attend, please RSVP to Pat Michaud by telephone at 1-978-777-8876 or by email at p.michaud@eccf.org no later than Friday, April 8, 2011.
| April 6, 2011 | to | April 7, 2011 |
April 6 & 7, 2011
Omni Parker House Hotel, Boston, MA
Why You Should Attend - Only Time Offered on the East Coast in 2011!
This seminar is intended for newcomers to the field as well as those seeking an up-to-the-minute refresher course. It will present the basic rules governing the LIHTC and use of the tax credit in today’s transactions; a “hands-on” analysis of a financial model generated for a typical tax credit project; an overview of the legal, accounting, and business issues involved in negotiating transactions; a practical look at tax credit transactions from the lender, agency, developer, and investor perspectives; special issues that arise in deals involving non-profits; the basic rules for when tax credits are used together with tax-exempt bonds; options for tax credit properties in Year 15; how to incorporate solar energy in a tax credit property; and real-world advice on the occupancy and compliance essentials that are critical to the long-term success of every project. For the first time ever, we will spend the afternoon of day two giving a primer on the Historic Tax Credit. You can attend the entire conference or choose to attend the one and a half days of the Housing conference or just the afternoon of the Historic conference.
Who Should Attend: Housing Tax Credit conference
- Owners, developers, syndicators, property managers, and applicable staff and advisers who need a basic understanding of how the Low-Income Housing Tax Credit works
- Investors, lenders, underwriters, and others in the housing finance community looking for straightforward and practical analysis of the business as well as the technical issues surrounding today’s use of the Low-Income Housing Tax Credit
- Housing agency and community development staff, nonprofit representatives, and others who want step-by-step information on the use of the Low-Income Housing Tax Credit and how it fits into the overall development process
- Real estate and tax attorneys, accountants, and other advisors to tax credit participants who need an overview or update of the fundamental rules, techniques, and practices applicable to today’s transactions
Who Should Attend: Historic Tax Credit afternoon primer
- Developers and owners of residential, commercial, or mixed-use, market-rate or low-income property who are interested in learning more about the rules, strategies and opportunities of historic credit deals as well as how to twin them with Low-Income Credits.
- Investors, lenders, syndicators, underwriters and others involved in financing properties that use, or are considering using, Historic Tax Credits in combination with other financing tools
- State, tribal and local officials, non-profit representatives and those interested in historic preservation seeking to stay current on the latest techniques designed to finance development as well as preserve or rehabilitate older buildings
- Real estate and tax attorneys, accountants, consultants and other advisors to the development community who want up-to-the minute analyses of applicable regulations, processes and business considerations to help clients get the most from their Historic Tax Credit projectsAdditional Information and Registration
| February 16, 2011 | | 10:30 am | to | 12:00 pm |
Hosted by the Federal Reserve Bank of Boston and the Joint Center for Housing Studies of Harvard University
Date: Wednesday, February 16, 2011
Time: 10:30am – noon
Location: Federal Reserve Bank of Boston
By the fall of 2008 the severe problems in U.S. credit markets that began with rapid erosion in the performance of nonprime mortgages in 2007 and then spread to nonprime consumer credit and commercial mortgages helped spark a global financial crisis. Credit markets were seizing up. The U.S. government was expending hundreds of billions of dollars to ward off a complete collapse of the financial system. With home foreclosures estimated at more than 2 million a year, personal bankruptcies rising, large financial firms failing or on the brink of failure, and widespread fear and uncertainty about the ability of the financial system to weather the storm, references to the possibility of another Great Depression were not mere hyperbole. In February 2010 the Joint Center for Housing Studies of Harvard University hosted a two-day symposium that considered the future of consumer credit and mortgage finance in the light of the financial crisis and lessons learned from it. The goal of the symposium was to explore how public policy can facilitate access to credit for low-income households that is not unduly risky or costly. The symposium was built around 15 papers commissioned from leading academics and practitioners in these fields. Published by the Brookings Institution Press, Moving Forward: The Future of Consumer Credit and Mortgage Finance features selected papers from the symposium and explores the roots of the current crisis and, more importantly, focuses on the path ahead.
10:30 a.m. Coffee, Danish, & Networking
10:50 a.m. Welcome
Eric S. Belsky, Managing Director, Harvard Joint Center for Housing Studies
Nicolas P. Retsinas, Senior Lecturer in Real Estate, Harvard Business School
11:15 a.m. Guest Speakers
Lynn Browne, Executive Vice President & Economic Advisor, Federal Reserve Bank of Boston
Tom Gleason, Executive Director, MassHousing
Aaron Gornstein, Executive Director, Citizens’ Housing and Planning Association (CHAPA)
RSVP (required) to kerry_donahue@harvard.edu by February 10, 2011. (Also, please bring Photo ID for admittance to building.)
Moving Forward: The Future of Consumer Credit and Mortgage Finance can be ordered at http://www.brookings.edu/press/Books/2010/movingforward.aspx
| March 23, 2011 | | 9:30 am | to | 11:30 am |
| Despite numerous local, state, and federal responses, the foreclosure crisis continues to grip our state and is expected to last for several more years. Since 2008, approximately 34,000 homeowners have lost their homes to foreclosure and nearly 36,000 households were at least 90 days delinquent in their mortgage payments as of November 2010. And now, a second wave of foreclosures is impacting suburban and rural communities and homeowners with stable, fixed-rate mortgages who are facing unemployment.
This forum will focus on what’s worked, what hasn’t, and what we can expect to occur over the next year. Speakers will address the areas of foreclosure counseling and prevention; neighborhood planning and stabilization; acquisition of foreclosed properties; preventing displacement of tenants; legal issues, such as the recent Ibanez decision; code enforcement; the Making Home Affordable Program and the new Emergency Homeowner Loan Program; upcoming legislative and policy initiatives; and what trends we can expect in the near future. |
Wednesday, March 23
9:30 a.m.-11:30 a.m.
One Financial Center
2nd Floor Conference Room
Downtown Boston (near South Station)
(Registration begins at 9:00 a.m.) |
| Moderator: Judy Jacobson, Deputy Director and General Counsel, Massachusetts Housing Partnership
Speakers:
James Barnes, Community Development Director, City of Lawrence
Nadine Cohen, Managing Attorney, Consumer Rights Unit, Greater Boston Legal Services
Peter Gagliardi, Executive Director, HAPHousing, Springfield
Kurt James, Director, Rackemann, Sawyer & Brewster; Co-Chair, Affordable Housing Committee of the Real Estate Bar Association
Timothy Warren, Jr., CEO, The Warren Group
Cost: $15.00 for CHAPA members and $25.00 for non-members. Space is limited and you must register by Friday, March 18. No refunds will be provided to those who register but do not attend the forum.
Registration: You may register online, by phone, fax, or email.
Online: http://www.chapa.org/?q=event; Phone: 617-742-0820; Fax: 617-742-3953
Email: odessaw@chapa.org |
The Community Economic Development Assistance Corporation (CEDAC) released an analysis this month of outcomes when housing developments in Massachusetts have reached the end of their 40-year HUD-subsidized mortgage with no other affordability restrictions.
“The Year 40 Problem in Massachusetts– Analysis of the First Wave of Housing Projects” reports that 17 of the 19 projects that have reached year 40 with no other restrictions lost some or all affordability and that 55% of the affordable units (2,105) were lost. It found that having a Section 8 contract was the strongest predictor that units would be preserved while location and market rents were not predictive. Overall, 70% of the Section 8 units in the 19 developments were preserved, but only 13% of the shallow subsidy units. The report details the economic logic of this finding and estimates that Massachusetts could lose 9,500 of the 13,200 affordable units in 110 projects that will reach maturity by 2019 (1,200 with Section 8 and 8,300 shallow subsidy units).
Full CEDAC Report
| February 10, 2011 | | 12:30 pm | to | 2:00 pm |
Date: Thursday, February 10, 2011
Time: 12:30pm – 2:00pm
Description
Sponsored by E*Trade Financial and presented by Enterprise’s Foreclosure Response Initiative, this event is the final presentation in a 4-part series focusing on comprehensive neighborhood stabilization. The webinar is intended for nonprofits, local governments and other community stakeholders interested in using data to guide and augment their neighborhood stabilization efforts. Local market data are of great value to all community stakeholders engaged in stabilizing neighborhoods. Using data on real estate transactions, code enforcement activity, property conditions and other factors provides a clearer picture of what is happening in a neighborhood and allows for limited funds to be used more effectively to stabilize the targeted community.
This presentation is complementary to a recently completed case study on the local market data system created and used in Cleveland, OH to provide current parcel-level data to support neighborhood stabilization efforts – “Data Driven Neighborhood Stabilization: A Case Study of Cleveland’s NEO CANDO System.”
Presented By:
- Michael Schramm, Research Associate, Center for Urban Poverty and Community Development, Case Western Reserve University.
- Justin Fleming, Esq. Program Associate, Neighborhood Progress Inc. (NPI).
- Matt Yourkvich, Detroit Shoreway Community Development Organization.
Register for this event
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