The Affordable Housing Development Process
Workshop at 9:00 am
This workshop is designed to introduce the underwriting process that takes place after a funding award has been approved. The invitation to credit underwriting is a vital first step to prepare for before applying for financing. It is a complex and critical part of financial agreements that will govern the short- and long-term process of the development’s feasibility. The presenters will help de-mystify the underwriting process and provide guidance that begins in the predevelopment phase and continues throughout the closing process. Participants will receive step by step instruction about third-party analyses and the documentation that will be required throughout the underwriting process. The training will include information from a FHFC Credit Underwriting service provider and will address timeframes and sequencing. This training is provided for newly formed and experienced nonprofit housing developers and local government housing staff who are responsible for in-house underwriting of SHIP, HOME, or other publicly available assistance.
Who Should Attend?
Nonprofit developers
Developers working with cities and counties
Housing program administrators and community partners interested in affordable housing development
Key Topics:
Exploring the Credit Underwriting Checklist
Understand the three components of successful Credit Underwriting: the project readiness, the financial feasibility of the deal, and the developer capacity
In-house credit underwriting: skillsets required and minimum threshold
This training is sponsored by the Florida Housing Finance Corporation’s Affordable Housing Catalyst Program and Facilitated by the Florida Housing Coalition.