Development Process for Affordable Housing

The essential elements of being a developer require understanding the nuances of affordable housing, finance, and development. These items include assembling the necessary team such as architects, general contractors, land use lawyers, law firm with prior experience in developing affordable housing in the locale, etc. They all have knowledge of the appropriate local government agencies.  The timeline is longer than a typical commercial development due to the dependence upon governmental allocations and accessing a complete package of various Federal, State and local government subsidy programs. 
This course details all of the essential elements for a developer of Affordable Housing. We will review parties involved, steps in the process, documents required and timelines. Combined with Introduction of Affordable Housing and Financing Affordable Housing, students will be equipped with all the essential tools to begin developing affordable housing within the U.S. 
Prerequisites Required: Introduction to Affordable Housing REDV1-CE1001, Financing Affordable Housing REDV1-CE1002
 
Continuing Education Units (CEU) : 1

You'll walk away with

• Identify and describe the key stakeholders involved in affordable housing development, including architects, general contractors, land use lawyers, and government agencies.
• Understand and articulate the process and necessary steps for developing affordable housing, from team assembly to project completion.
• Navigate the legal and regulatory frameworks, including federal, state, and local government subsidy programs, applicable to affordable housing projects.
• Analyze the financial components of affordable housing development, including government allocations and funding options.
• Develop a comprehensive timeline for an affordable housing project, accounting for the unique delays and requirements associated with funding sources.
• Utilize the tools and knowledge required to initiate affordable housing projects within the U.S.