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NDC HD410 Home Ownership Finance Course
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NDC HD410 Home Ownership Finance Course

 Export to Your Calendar 10/27/2020 to 10/30/2020
When: October 27-30, 2020
8:30 AM
Where: Aloft Minneapolis Hotel

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All EDAM members are eligible for $325 off tuition for any 2020 National Development Council class that is not sponsored by a third party. Use the coupon code EDAM2020 to claim the discount.

In this course, the first in the HDFP Certification Program™, participants learn the skills and techniques that successful housing development finance practitioners use to create affordable, owner-occupied, single family housing. This four-day course takes an in-depth look at the financing of housing and how financing affects affordability—of both the unit’s sales price and the buyer’s monthly mortgage payment.

Specific topics include:

  • Home Ownership Development Overview
    • Achieves a public purpose
    • Stabilizes neighborhoods
    • Promotes economic growth
    • Establishes markets
  • Home Ownership Development Process
    • The players
    • Non-profits and public sector roles
    • Selecting and developing the site
  • Financing and Deal Structuring
    • Construction financing
    • Profit and loss statement
    • Cash flow statement
  • Qualifying Home Buyers
    • Calculating ratios
    • Verifying information
    • Evaluating credit reports
  • Home Buyer Income and Credit Barriers
    • Down payment and closing costs
    • Debt/income ratios
    • Credit history
    • Monthly payment
    • Methods of overcoming barriers
    • Lease-purchase
  • Permanent Mortgage Programs
    • Federal programs
    • Private programs

 

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