Time: 3:30pm-4:30pm

Register today for the third in a series of “Tools for Success” webinars for Assets for Independence grantees, an upcoming webinar from the Assets for Independence (AFI) Resource Center.

How do you know if a prospective saver qualifies to join your Assets for Independence (AFI) program? Did you know that savers must meet both income and net worth eligibility requirements? What counts and what doesn’t? What documentation is required?

This hour-long webinar will include:

• A brief “refresher” on eligibility rules for the AFI program
• Examples of common scenarios where determining an applicant’s eligibility can be challenging
• Tools you can use to help streamline the process of verifying applicants’ income and assets
• Real-world advice from an AFI grantee that has created an effective tool to determine clients’ eligibility

Presenters:

• Maggie Reilly, Program Director, CASA of Oregon
• Jermaine Burkhalter, Program Specialist, Office of Community Services
• Johanna Barrero, AFI Resource Center (moderator)

Please click here to register. The webinar is free to all interested participants. In advance of the webinar, please send any questions you would like our panelists to address during the session to Johanna Barrero, or call 202.207.0117.

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

Date: Monday, April 4, 2011
Time: 9:30am – 4:30pm
Location: NeighborWorks Homeownership Center (674 Main Street, Worcester, MA 01610)

Financial awareness and planning are essential for any nonprofit and community-based organization.  Often times though, mid-level staff and program managers are not as comfortable taking a lead role when it comes to monitoring and planning their finances.  This interactive workshop will solidify financial basics while also empowering you to comfortably analyze your budget and effectively communicate that analysis with accountants, executive directors, CFOs, board members, funders, and peers.  This session is intended for program staff and managers who have professional experience with financial basics, and wish to develop a more strategic and empowered level of knowledge in order to improve the productivity and sustainability of their programs or services.

The Full-Day training will address several fundamental elements of Program Finances including:

• Establishing strong financial foundations
• Analyzing and developing program budgets
• Actively participating in the annual budget process
• Realistic costs for reaching your mission
• Reliable and creative funding streams
• Shifting from financial back tracking to program planning

This training session will be led by Ann Silverman, respected nonprofit and CDC consultant and Eva Boyce, Chief Financial Officer of GLAD.

Announcing Four new Enterprise Live Online Events:

Asset Management for Owners/Developers: Ask the Experts
Monday, December 13, 2010 at 1:00 PM ET

Register

Does your organization have questions regarding roles, budgeting, compliance, physical issues or anything else related to the most effective asset management practices? Come join Enterprise’s asset management “Ask the Experts” session! Enterprise has assembled a panel of experienced practitioners from top organizations across the country to shed light on the asset management practices that have worked for them. Topics discussed will include the role of asset management and how it differs from property management, who should perform the role of asset management in an organization, managing the property manager, and the top asset management best practices. To make the session as responsive as possible to your needs, we will reserve the majority of the time for questions from the audience. The panelists include individuals from Homes for America, Mercy Housing Lakefront, Palladia, Tatem Consulting, and Tenderloin Neighborhood Development Corporation. This presentation is sponsored by Bank of America.

Register

Low Income Housing Tax Credit (LIHTC) properties are reaching the end of the 15 year LIHTC compliance period, and are eligible for sale to their nonprofit sponsors. Year 10 in the life of a tax credit deal is an ideal time to begin planning and taking action. We will discuss disposition strategies for the nonprofit sponsor, and review partnership provisions including rights of first refusal, purchase options, exit taxes, and preservation of affordability.

Register

In January of 2011, the 112th Congress of the United States will be sworn into office. This Congress will have very different characteristics from the 111th Congress and is likely to pursue a different agenda. Therefore, it is important to understand who will be in leadership in the next Congress and what issues will likely dominate the agenda. Led by senior Enterprise Community Partners staff, this event will begin with an overview of the accomplishments and challenges of the 111th Congress. Next, we’ll preview the 112th Congress and discuss likely challenges and opportunities for housing and community development federal policy.

With the low income housing tax credit market (LIHTC) coming back to life, how states prioritize this valuable resource will, once again, increase in importance. Enterprise and the National Housing Trust have inventoried each state’s Qualified Allocation Plan and how those plans provide incentive for preservation, transit oriented development, and green design and building practices. This webinar will outline those findings as well as address how states have actually allocated their tax credits over the last several years.

About Enterprise Live Online Events

Date:  November 8-9, 2010
Time:  9:00am – 4:30pm
Location:  United Way Financial Stability Center (270 Union Street, Lynn, MA 01901)

Coaching is a powerful tool to help people articulate their visions, identify their defining values, set goals they feel passionate about, and create plans for their own development.

For the second year, Midas has engaged trainer Virginia Kellogg from “Leadership that Works” to deliver a coaching skills training program to help you develop positive, empowering interactions with your target audience through the adoption of these new ways of working with them.

Adding coaching skills to your toolkit gives you new empowering skills to do what you already do:

• Help participants set financial goals and plans
• Develop budgets
• Track spending
• Build or improve credit

This fun and interactive training program will give you basic coaching skills that you can use immediately, all in the context of financial education. Exercises about financial attitudes and values will give you lots of opportunity to discover how you apply these skills to your work. This program includes 2-days of training and follow-up coaching by phone.

Sponsored by NHN Learning Alliance

The NHN Learning Alliance (NHNLA) is currently registering senior counselors and managers for the Housing Counseling Program Management training in Washington, DC. The training will begin on Monday, September 27 at 8:00 a.m. and go through Wednesday, September 29 at 3:00 p.m. Breakfast and Lunch will be provided for participants.

Scholarships are available.

Additional Information and Registration here

Hosted by MassINC, the FDIC, and the Midas Collaborative

Location: Union Station (2 Washington Square)
Worcester, MA

MassINC and the Midas Collaborative invite Gateway City leaders for a workshop and networking lunch to explore strategies to reduce the use of high cost financial products that strip wealth from families and undermine our local economies. This half-day forum will also examine emerging opportunities for Gateway Cities to partner with organizations and agencies working to connect families to low-cost financial services and help them build wealth.

Registration

Sponsored by the Urban Land Institute

Date:  June 4, 2010
Time:  1:30 pm Eastern

Brush up on the basics of real estate finance and strengthen your technical skills with ULI’s Basics of Real Estate Finance: Part II webinar June 4th.

You will review foundational concepts such as time value of money and discounted cash flow and move on to mortgage payment calculation, residual land valuation technique, and future net operating income – skills that are essential to succeeding in the real estate industry.

Gain practical experience as you work along in Excel with the instructor in real time. You will be able to ask questions have them answered on a rolling basis.

Your instructor, Bruce Kirsch, is the founder and principal of Real Estate Financial Modeling, LLC and is a recognized expert in and top instructor of Microsoft Excel-based financial modeling.

Register today as space is limited!

Sponsored by the Mel King Institute for Community Building

Date:  June 2,3,4,7,8
Time:  9:00am – 5:00pm
Location:  95 Berkeley Street, Conference Room B, Boston, MA 02116

The Mel King Institute for Community Building is sponsoring the Nonprofit Housing Management Specialist (NHMS) course. This is the second module in a six-course series that will award successful participants with the Certified Housing Asset Manager (CHAM®) Designation from the Consortium for Housing and Asset Management.

The NHMS course is an intensive, five-day survey course that helps participants transition from the “How to” to the “How well are we doing at what we are doing?” of real estate management. It introduces the functions, requirements and systems of good asset management.

The five-day training will include:

• Interactive lectures, in-class exercises, case-studies, outside-class homework assignments and student group presentations
• Identifying key property audit elements and calculation of  fundamental property financial concepts including NOI, DSCR, cash flow, ratios, reserve balances
• Learning how to summarize an affordable housing deal; studying  typical debt structures, trending assumptions, pro-forma operating budgets  and creating a “deal book”
• Practicing comparing pro-forma budgets to actuals; identifying why a property is failing and offering solutions; valuing properties in different ways
• Investigating asset management reporting strategies, risk management plans, capital needs assessments and capital project monitoring, real estate tax abatements, and appeals

This training session will be led by Jack Geary and Judy Weber, both of whom have over 25 years experience in asset/property management and real estate finance.

MACDC Member Registration ($50/day)

Non-MACDC Member Registration ($100/day)

For more information, please contact:
Marcus Haymon
mhaymon@lisc.org
617-338-0411