This two hour workshop gives board members a clear introduction to how affordable housing is financed in Massachusetts, with a focus on the key decisions and responsibilities that matter most for nonprofit developers. The goal is to help board members feel more confident and prepared to engage in discussions about their organizations’ development projects.

Laurie Gould from VIVA Consulting will explain the major funding sources for affordable housing, including mortgage debt, federal and state Low Income Housing Tax Credits, and state and local soft financing. We will also review how organizations cover their costs and generate revenue during both development and operations. The session will walk through the typical cash flow timeline and highlight the risks at each stage: predevelopment, construction, lease up, and operations. We will also discuss sponsor responsibilities related to financing, including predevelopment spending, guarantees, and long term asset management.

If you would like to send 5 or more people for a discounted rate, please contact Viana Nascimento (vianan@macdc.org), our Leadership Development Program Manager.