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Design and Development for Single Family New Construction CP221 Design and Development for Single Family New Construction Presented By: Tim Bolding AB O’Brien NeighborWorks Training Institute _____________________________________________________________________ NeighborWorks Training Institute i Design and Development for Single Family New Construction CP221 TABLE OF CONTENTS PAGE COURSE OVERVIEW      TAB 1 About the Instructors Course Description Course Objective Core Competencies Agenda 1 2 2 3 4 PLANNING AND FEASIBILITY                Introduction Community Barriers Feasibility Analysis Depth and Durability of the Market Demographic Analysis Supply-Side Analysis Marketability Financing Availability Securing Project Financing Pre-Development Financing Site Development Financing Construction Financing Sales Financing Cost Cutting Tips Project Development Recap 1 3 4 5 5 6 7 8 9 9 10 10 10 11 15 _____________________________________________________________________ NeighborWorks Training Institute ii Design and Development for Single Family New Construction CP221 TABLE OF CONTENTS (CONT.) PAGE TAB 2 CHOOSING AND ACQUIRING YOUR PROPERTY        TAB 3 Factors to Consider Sources of Property Buying the Land Acquisition Phase Post-Purchase Expenses Cost Cutting Tips Site Selection Recap 16 17 19 20 21 22 26 DESIGN AND APPROVAL PROCESS     Selecting the Team Approval Process—Moving Through City Hall Cost Cutting Tips Design and Approval Recap 27 30 41 TAB 4 BIDDING PROCESS       Determining What Needs to Be Bid Specification Development Bidding Methods Evaluating the Bids Cost Cutting Tips Bidding Recap 42 42 43 44 47 55 _____________________________________________________________________ NeighborWorks Training Institute iii Design and Development for Single Family New Construction CP221 TABLE OF CONTENTS (CONT.) PAGE TAB 5 CONSTRUCTION PROCESS      Organization’s Role Construction Financing Site Development Housing Construction Building the House —The Foundation —Plumbing Top-Out —Framing —Electrical, Plumbing and Mechanical Rough-In —Exterior Siding and Roofing —Sheetrock, Windows, and Doors —Insulation —Cabinets and Vanities —Electrical, Plumbing and Mechanical Finals —Paint —Flooring —Finish Carpentry, Touch Up and Clean Up —Landscaping and Flatwork —Final Inspections Unexpected Costs Contractor Disputes Cost Cutting Tips Construction and Inspections Recap 56 56 57 59 62 62 63 63 64 64 64 65 66 66 67 68 68 69 69 70 70 72 76     TAB 6 MARKETING       Introduction Outreach Press Releases Realtors Listing Agreement Marketing Recap 77 78 78 79 80 81 iv _____________________________________________________________________ NeighborWorks Training Institute Design and Development for Single Family New Construction CP221 TABLE OF CONTENTS (CONT.) PAGE TAB 7 SALE        TAB 8 Sales Contracts Permanent Financing Last 24 Hours The Closing Post-Closing Cost Cutting Tips Closing Recap 82 83 85 86 87 87 92 CLASS ACTIVITIES   Housing Priority Game Cost Cutting Activity 1 3 _____________________________________________________________________ NeighborWorks Training Institute v Design and Development for Single Family New Construction CP221 TABLE OF CONTENTS (CONT.) PAGE TAB 9 ADDITIONAL RESOURCES                    TAB 10 Clearpark Drive Survey Sample Single-Family Project Study Contractor’s Data Sheet Contractor’s Bid Proposal Preconstruction Conference Report Change Order Form Contractor Payment Request Certificate of Final Inspection Certificate and Release Construction Tracking Sheet General Conditions of the Contract New Construction Contract—Sample Acquisition Rehab Contract—Sample FHA Documents—Submission to the Mortgage Co. Sales Contract—Sample Move In Agreement—Sample Second Mortgage Documents—Samples HUD 1 Settlement Statement—Samples Websites Referenced 1 2 8 10 11 12 13 14 15 17 20 30 36 43 44 47 48 57 61 ACKNOWLEDGEMENTS _____________________________________________________________________ NeighborWorks Training Institute vi Design and Development for Single Family New Construction CP221 ABOUT THE INSTRUCTORS TIM BOLDING Executive Director United Housing, Inc. 51 North Cooper Memphis, Tennessee 38134 (901) 728-6921 (Telephone) (901) 272-1181 (Fax) tbolding@uhinc.org Tim Bolding is the founding executive director of United Housing, Inc. He has more than 20 years of experience in affordable housing in the Memphis (TN) area. During his tenure, the organization grew from a department of the United Way of the Mid-South to an independent organization, which provides homeownership opportunities to the residents of Memphis and Shelby County. Mr. Bolding serves on several local agency boards and at the national level with the FHLB Advisory Council. He received his BA and MA from the University of Memphis and serves as an adjunct faculty member of the department of anthropology at the university, where he teaches cultural anthropology. AB O’BRIEN O’Brien & O’Brien Consultants 10015 278th Ave. Trevor, WI 53179 262-889-4258 (Telephone) ABOB@wi.rr.com AB O’Brien is a principal with O’Brien and O’Brien Consultants and provides services to cities and nonprofits in various areas of technical, environmental and legal issues. For more than 20 years, she has provided city departments and county and federal government agencies with invaluable insight into federal regulation compliance as it pertains to nonprofit housing development and neighborhood revitalization. O’Brien is a resourceful practitioner, mixing her real life experiences with humor, to make complicated federal regulations understandable to any participant. _____________________________________________________________________ NeighborWorks Training Institute 1 Design and Development for Single Family New Construction CP221 COURSE OVERVIEW COURSE NAME: Housing Opportunities for New Construction COURSE INSTRUCTORS: Tim Bolding and AB O’Brien LENGTH OF COURSE: 3 Days COURSE DESCRIPTION: In the last several years there has been an explosion of nonprofit agencies entering the housing development scene. This course will enable participants to successfully manage a single-family new construction program. The course has two components: 1) the design and development of the overall project, and 2) the development of appropriate units for the project from acquisition to occupancy. This course is designed for construction managers, specialists or any other development staff members, embarking or about to embark on the construction of single-family residences, who have not geared up for new construction or have not developed a pipeline approach to production. This is the first course in the Single-Family New Construction series of courses. COURSE OBJECTIVE: This course will enable participants to successfully manage a single-family new construction program. The course has two components. The first component is the design and development of the overall project. The second component covers the development of appropriate units for the project from acquisition to occupancy. _____________________________________________________________________ NeighborWorks Training Institute 2 Design and Development for Single Family New Construction CP221 CORE COMPETENCIES: This course will enable participants to: Competency 1: Assess the neighborhood, the site, client demographics, and appropriate units by affordability. Competency 2: Identify, evaluate and develop loan products that will fit the needs of the clients. Competency 3: Identify the strengths and weaknesses of different approaches to new construction production. Competency 4: Devise and implement a policy and procedure for singlefamily “new construction” production. Competency 5: Identify “construction team” members, and develop their roles and responsibilities. Competency 6: Understand how federal regulations may affect the cost, management, and timing of the project. _____________________________________________________________________ NeighborWorks Training Institute 3 Design and Development for Single Family New Construction CP221 AGENDA Monday 8:30-8:45 8:45-9:00 9:00-10:00 10:00-10:15 10:15-11:15 11:15-11:30 11:30-1:00 1:00-1:45 1:45-2:30 2:30-2:45 2:45-3:45 3:45-4:00 Tuesday 8:30-8:45 8:45-11:30 11:30-1:00 1:00-1:30 Meet for Tour Tour Lunch Tour Debrief Introductions of Trainers and Class Introductions Step 1-Planning and Feasibility Break Step 2-Choosing and Acquiring Your Property Step 3-Design and the Approval Process Lunch Step 3-Design and the Approval Process Step 4-The Bidding Process Break Step 5-The Construction Process Tour Instructions _____________________________________________________________________ NeighborWorks Training Institute 4 Design and Development for Single Family New Construction CP221 1:30-2:30 2:30-2:45 2:45-4:00 Step 6-Marketing Break Step 7-The Sale Question & Answer Evaluations Certificates _____________________________________________________________________ NeighborWorks Training Institute 5