Offers step-by-step guidance through the entire process of real estate development for nonprofit organizations involved in affordable housing projects. Putting together the development team; determining feasibility for the project; financing including budgeting, long- and short-term financing and permanent loans; purchase contracts; rehabilitation and/or construction are among the subjects discussed. Features a slew of checklists, sample contracts and model documents. Supplemented annually.
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Book Description
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From the Publisher
Offers step-by-step guidance through the entire process of real estate development for nonprofit organizations involved in affordable housing projects. Putting together the development team; determining feasibility for the project; financing including budgeting, long- and short-term financing and permanent loans; purchase contracts; rehabilitation and/or construction are among the subjects discussed. Features a slew of checklists, sample contracts and model documents. Supplemented annually.
From the Inside Flap
Although the face of America and those who live in it have changed in the past decade, the need for decent, stable, and affordable housing has not. Recent studies confirm that decent, stable housing improves the ability of individuals to get and keep jobs, increases psychological well-being, and leads to better social behavior and school achievement among children. Now in a completely updated and revised third edition, Developing Affordable Housing continues to stand the test of time. This Third Edition addresses housing issues in the twenty-first century, even as the state of the field has changed, as development has become more complex, and as the need for affordable housing has grown.
Developing Affordable Housing provides a living resource for nonprofit executives, lawyers, accountants, developers, and owners of single- and multi-family housing, both for-profit and nonprofit; real estate owners and managers active in the affordable housing market; community development corporations; and government agencies. The Third Edition updates the practical advice and regulatory information found in the second edition, and makes the information useful in the context of the industry today.
Author Ben Hecht's valuable insights demystify affordable housing development for those considering it for the first time, as well as for those seeking to expand their affordable housing production activities. Developing Affordable Housing, Third Edition takes you step by step through the entire development process, covering all the bases, from putting together the development team to determining project feasibility to obtaining site control. With updates on sources of capital; all-new case studies, featuring six very different affordable housing organizations and developments; and new information on loans and assessing the feasibility of affordable housing developments, Developing Affordable Housing is a complete resource, with information on:
- The current trends in affordable housing
- Raising capital—loans, grants, and equity including Low-Income Housing Tax Credits, public housing funds
- Prepurchase considerations—forms of ownership, property management
- Settling on acquisition—title insurance, the settlement agent, and property surveys
- Constructing or reconstructing the property—architects, general contractors, selective rehabilitation, design, and build
- Completing and managing the property—homeownership, rental, condominiums, and cooperatives
A practical guide that features straightforward guidelines, sound advice, and up-to-date information, this is essential reading for any nonprofit looking to sponsor, own, or manage affordable housing projects. --This text refers to an alternate Hardcover edition.
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This review is from: Developing Affordable Housing: A Practical Guide for Nonprofit Organizations (Wiley Nonprofit Law, Finance and Management Series) (Paperback)
This book is wonderful! It is very informative and interesting. Buy it! In bulk! Certainly worth my reading time.
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Inside This Book
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First Sentence:
Prior to the 1980s, federal programs were the primary vehicles used to develop affordable rental and homeownership opportunities. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
public housing capital funds, selective rehabilitation, multiyear income, nonprofit housing development organizations, mortgage loan insurance program, financial development specialist, building evaluation report, million loan pool, qualified private activity bonds, multifamily homeownership, nonprofit purchaser, most frequent borrowers, homeownership units, homeownership housing, gut rehabilitation, nonprofit housing developer, affordable housing industry, lead hazard abatement, nonprofit lenders, nonprofit sponsors, affordable multifamily housing, blanket debt, recordation taxes, residence supervisors, affordable housing development Key Phrases - Capitalized Phrases (CAPs): (learn more)
Fannie Mae, New York, Area Served, Type of Lending, Savings Bank, General Conditions, Freddie Mac, Federal Home Loan, Community Development Block Grants, Reform Act, Period Loans Funded Loan Volume, Period Rate, United States, San Francisco, Current Capitalization, New Jersey, Investment Partnerships, Ginnie Mae, Trust Company, Code Section, Date of Agreement, Product Data, New Law Update, Los Angeles, New Hampshire New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Prior to the 1980s, federal programs were the primary vehicles used to develop affordable rental and homeownership opportunities. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
public housing capital funds, selective rehabilitation, multiyear income, nonprofit housing development organizations, mortgage loan insurance program, financial development specialist, building evaluation report, million loan pool, qualified private activity bonds, multifamily homeownership, nonprofit purchaser, most frequent borrowers, homeownership units, homeownership housing, gut rehabilitation, nonprofit housing developer, affordable housing industry, lead hazard abatement, nonprofit lenders, nonprofit sponsors, affordable multifamily housing, blanket debt, recordation taxes, residence supervisors, affordable housing development Key Phrases - Capitalized Phrases (CAPs): (learn more)
Fannie Mae, New York, Area Served, Type of Lending, Savings Bank, General Conditions, Freddie Mac, Federal Home Loan, Community Development Block Grants, Reform Act, Period Loans Funded Loan Volume, Period Rate, United States, San Francisco, Current Capitalization, New Jersey, Investment Partnerships, Ginnie Mae, Trust Company, Code Section, Date of Agreement, Product Data, New Law Update, Los Angeles, New Hampshire New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 39
books:
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33
books
cite this book:
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- Partnerships and Joint Ventures Involving Tax-Exempt Organizations, 1995 Supplement (Nonprofit Law, Finance & Management) by Michael I. Sanders on 4 pages
- Joint Ventures Involving Tax-Exempt Organizations (Wiley Nonprofit Law, Finance and Management Series) by Michael I. Sanders on 4 pages
- Developing Affordable Housing, 1995 Supplement: A Practical Guide for Nonprofit Organizations (Nonprofit Law, Finance & Management) by Bennett L. Hecht in Front Flap, Front Matter (1), and Front Matter (2)
- Managing Affordable Housing: A Practical Guide to Creating Stable Communities (Wiley Nonprofit Law, Finance, and Management) by Bennett L. Hecht in Front Matter (1), Front Matter (2), and page 600
- The Legal Answer Book for Nonprofit Organizations (Wiley Nonprofit Law, Finance and Management Series) by Bruce R. Hopkins in Front Matter (1), and Front Matter (2)
See all 39 books this book cites
- Managingnonprofits.org: Dynamic Management for the Digital Age by Ben Hecht in Front Matter (1), Front Matter (2), and Front Matter (3)
- Nonprofit Boards: Roles, Responsibilities, and Performance (Nonprofit Law, Finance, and Management Series) by Diane J. Duca in Front Matter
- Streetsmart Financial Basics for Nonprofit Managers by Thomas A. McLaughlin in Front Matter
- Successful Corporate Fund Raising: Effective Strategies for Today's Nonprofits by K. Scott Sheldon in Front Matter
- Grant Winner's Toolkit: Project Management and Evaluation (Wiley Nonprofit Law, Finance and Management Series) by James Aaron Quick in Front Matter
See all 33 books citing this book
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