ELPN: Finance for Affordable Housing Closings: What lenders and investors need to underwrite your project and close without a hitch

Zoom

Congratulations! You just got a tax credit award and have your financing sources lined up - now how do you finalize your budget and close on funding to start construction? Join ELPN and representatives from affordable housing financial consultants, lenders, and investors for a guide on what to think about to ensure you close before your deadline. We’ll discuss the process of updating and distributing your project’s financial projections, assembling due diligence items, and getting your financing team what they…

$10

ELPN: The Challenges of Leasing Up Higher Income Units and How Projects Have Overcome Them

Zoom

With the advent of income averaging for Low Income Housing Tax Credit projects and new funding sources like CalHFA’s Mixed Income Program, more affordable housing projects are including units with income restrictions set above the previous standard of 60% of Area Median Income. These higher-income units present unique challenges to leasing up properties and maintaining targeted occupancy rates. Leasing, development, and marketing staff will discuss how these challenges have manifested, how they’ve planned for them, and what they’ve done to…

$10