What the heck just happened by HC120730095754

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									Colorado Housing NOW Conference Kick-Off Panel
              October 14, 2008




      Colorado Viewpoint

             Mark Welch
      Community Capital Corporation
                Denver
What the heck just happened

          ?????
            What to do?




• The Immediate Future: The Next 6 Months
• The Longer View: The Next Few Years
       The Immediate Future
• Make sure Your Own
  House is in Order

• Beware the Next Big
  Scam

• Some Historic
  Opportunities
         The Next Few Years
• Developing New or
  Additional Affordable
  Housing Stock



• Preserving Our
  Existing Affordable
  Housing Stock
     1. Production & Additions
• Removing the cost of LAND from the traditional
  financing equation
• Create a state-wide LAND TRUST EQUITY
  FUND
• Use $ resources to pay for improvements, but
  not FMV of land itself
• Fund with “patient capital”
• Local Land Trusts can be the implementation
  vehicle
  2. Preserve Existing Housing
• Physical aging & Market repositioning needs
  recapitalization
• More than one-by-one approach; Need a
  coordinated strategic effort
• Create a COLORADO HOUSING
  PRESERVATION ENTITY as a redevelopment
  partner to private & nonprofit local partners
• Re-allocate some existing financial & human
  resources from production to preservation
• Contact Information:

 Mark Welch
 Community Capital Corp.
 811 E. 17th Ave.
 Denver, CO 80218
 303-832-1151
 mark@commcapcorp.net

								
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