Sponsored By the Federal Reserve Board & the Federal Reserve Banks of Boston and Cleveland
Date: September 1-2, 2010
Location: Federal Reserve Board’s Martin Building (Washington D.C)
The aftermath of the foreclosure crisis has left many communities struggling with large swaths of empty homes. The event, co-sponsored by the Federal Reserve Board of Governors and the Federal Reserve Banks of Boston and Cleveland, will help communities and practitioners better understand current barriers, promising practices, and regional differences related to neighborhood stabilization and the disposition of real estate owned (REO) property.
In conjunction with the event, the Federal Reserve will publish a new volume of papers that explores such regional differences and presents perspectives from the various participants involved in REO disposition–sellers, buyers, nonprofits, and municipalities. Finally, the summit will release key findings from a Federal Reserve research project on local uses of Neighborhood Stabilization Program funds.
After the event, PDF, text, and audio podcast versions of the panelists’ presentations will be available for download.
REO and Vacant Property Strategies for Neighborhood Stabilization is a Federal Reserve System initiative under the Mortgage Outreach and Research Efforts (MORE) group.
There are two ways you can attend this summit: 1) attend the summit in person in D.C.; or 2) attend the summit via video streaming at the Federal Reserve Bank of Boston.
1) Attend the summit in D.C.
The summit will be hosted at the Federal Reserve Board’s Martin Building in Washington, D.C. As space is extremely limited for this summit, please register online as soon as possible: http://www.federalreserve.gov/events/conferences/2010/reovpsns/default.htm
2) Attend the summit in Boston via live video streaming
Please email your name and affiliated organization to kai-yan.lee@bos.frb.org with a subject line “conference” to register. You will receive a confirmation email with more details.
Additional Information and Registration
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Training Provided by: The National Development Council
Sponsored by: Citi
Date: September 14-16, 2010
Location: United Church Conference Center (One Badger Rd. Framingham, MA)
Registration Fees:
MACDC Member Organizations- $150
Non-MACDC Member Organizations- $300
Neighborhoods are at their best when “ Main Street ” pulses with the activities that bring a community alive—residential, retail, entertainment, services, public facilities and common areas. Older Main Streets have special opportunities for adaptive reuse—with buildings that are ideally suited to retrofitting multiple uses in one structure. Cities and towns undergoing redevelopment in their downtowns often view mixed-used development as a way to catalyze Main Street, energizing it with shopping, dining, culture and entertainment. There are several financial tools available for Main Street redevelopment and if brought together in the right way, for the right uses, they can do the job. This course explores the following topics:
Mixed-Use Development Challenges
- Commercial real estate revitalization
- Community facilities on Main Street
- The community perspective on revitalization
- Inventory: what do you have to work with?
- Thinking outside the box for adaptive reuse
Mixed Financing: The Right Recipe
- Real estate financing process
- Estimating project costs
- Projecting the developer’s pro forma
- Determining debt capacity
- Measuring equity attracted
- Quantifying the financing gap
- Closing the gap
Taxes and Real Estate Development
- Cash flow after tax
- Depreciation
- Historic Rehabilitation, Low-Income Housing and New Markets Tax Credits
Financing Tools for Mixed-Use Development
- Debt and equity vehicles
- Programs: CDBG, CDBG Float Loan, Section 108 and tax-exempt bond financing
- Other Structuring Tools: tax increment financing, ground leases, tax abatement and payment in lieu of taxes
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 Harvard Kennedy School: Rappaport Institute for Greater Boston
Date: May 5, 2010
Time: 8:30am
Location: Federal Reserve Bank of Boston
The event – which is being cosponsored by the Federal Reserve Bank of Boston’s Research Department, its New England Public Policy Center, Harvard’s Rappaport Institute for Greater Boston, and its Taubman Center for State and Local Government – will feature an overview of current conditions, presentations of new research on housing, credit markets, and public policies; and discussions of public policies that might stabilize housing markets in the future. More details and a formal invitation are forthcoming.
http://www.hks.harvard.edu/rappaport/
The Mel King Institute for Community Building is sponsoring a two-day training on the Nuts and Bolts of Asset Management. This training is part of a six-course series that will award successful participants with a Certified Housing Asset Manager (CHAM) Diploma from the Consortium for Housing and Asset Management.
The Nuts and Bolts of Asset Management is an interactive training session that focuses on hands-on opportunities to explore the full range of an asset manager’s roles and responsibilities, which shift in each stage of a project’s life cycle.
The two-day training will include:
- Discussion of the relationship between the various life stages of an affordable property-development, lease up, management and exit strategy, and how an owner’s actions in every stage can impact the other stages;
- Tools and techniques to understand financial reports and audits, vacancy rates, debt coverage ratios and trend analysis;
- Investigation of best practices of nonprofits in developing internal and external reporting systems;
- Use of performance measurements and performance standards to plan for property success and strengthen property management oversight (both in-house and contracted);
- Completion of a group exercise of a property “workout”
This training session will be led by Jack Geary, who has over 25 years of housing management experience, as a property and asset manager, administrator, consultant and trainer.
December 10 & 11, 2009; 9:00am-5:00pm
735 Shawmut Ave, Roxbury, MA
Haynes House, Madison park CDC
MACDC Member Registration
Non-Member Registration
Registration fees include both training days and lunches.
Please contact Marcus Haymon with any questions:
MHaymon@lisc.org
617-338-0411 ext.231
Mel King Institute
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