The Main Street America Institute, with the generous support of the The 1772 Foundation, will once again offer the National Development Council’s (NDC) Historic Real Estate Finance Certification series to Main Street professionals who are interested in deepening their knowledge of an participation in real estate development transactions, particularly in the utilization of Historic Tax Credits.
Participants in this two-course training program will be equipped with the real estate finance and development techniques needed to accomplish Main Street revitalization and preservation goals. To influence the development process in a commercial district, a thorough understanding of financial transactions, including Historic Tax Credits and other tools, is essential. NDC, with more than 40 years of experience in translating the world of development finance into classroom training courses, has created a customized program designed to meet the unique needs of Main Street revitalization and preservation professionals. The program will be divided into two parts:
Part 1: Historic Real Estate Finance Training | HRE 247
Historic Real Estate Finance takes a systematic look at the real estate development process from the perspective of the key players – lenders, developers, investors, and Main Street managers. Participants will analyze a variety of historic real estate projects in the context of the rates of return and collateral required by the financing partners and determine the appropriate amount of public sector financing needed to make projects feasible. Financing tools and techniques, including federal and state tax credits, will be structured to maximize the amount of equity attracted to close financing gaps.
Part 2: Real Estate Development Finance – Problem Solving and Deal Structuring | HRE 347
Real Estate Development Finance: Problem Solving and Deal Structuring integrates the real estate finance skills learned in the previous course with the creative demands of deal structuring. Participants will apply a process for solving problems in order to overcome the myriad obstacles, both financial and non-financial, to the successful structuring of historic preservation projects in Main Street and downtown commercial districts. Special emphasis is placed on issues and opportunities for structuring federal Rehabilitation Tax Credits including how the program works, how it attracts equity, and how it can be used to leverage other financing sources.
If interested, learn more about this training below, specifically pricing, session details, certification requirements and more! For a look at content and the participant’s experience, read about the 2018-2019 Part 1 and Part 2 courses.
Image(s) Credit: Main Street America