About the Florida Institute of Government The Florida Institute of T R A I N I N G S E S S I O N Government (FIOG) of the College of Arts and Sciences at USF was established by the PROGRAM INFORMATION Legislature in 1981 as a part of a consortium of universities that share a statewide mission “to increase the effectiveness and quality of government in Florida through applied research, training, technical assis- tance programs and public service.” Website fiog.usf.edu/trainings/cred Florida Institute of Government 4202 E Fowler Ave CHE205 Register Contact us to request an application Tampa, FL 33620-8100 (813) 974-8423 Location USF Downtown Center www.fiog.usf.edu Cost $125 About USF Continuing Education Facilitator Tom Zuniga USF Continuing Education, a division within Educational Certificate in Community Payment Purchase Order: contact Iris Lage at 813- 974-2345 or email@example.com CONTINUING EDUCATION Outreach, provides programs for professional development Real Estate Development Credit Card or Check: visit website and personal enrichment. Last year, USF Continuing Education served 7,000 individuals and provided nearly AT UNIVERSITY OF SOUTH FLORIDA fiog.usf.edu > Upcoming Events 180,000 contact hours. USF Continuing Education (a divi- sion of USF Educational Outreach) The Community Real Estate Development Questions Please contact Kevin Wagner at Program at USF offers practical training for com- 813-974-1317 or firstname.lastname@example.org 4202 East Fowler Avenue, NEC116 munity developers and others in the industry, Tampa, FL 33620-6758 (813) 974-2403 providing the tools needed to carry out success- WWW.FIOG.USF.EDU FOR UPCOMING EVENTS www.outreach.usf.edu ful affordable housing and community based real estate development projects. Learn the Basics of Real Estate Analysis THANKS TO OUR PARTNERS Understand the Requirements of Available Financing and Subsidy Resources for Affordable Housing Develop Skills to Manage the Community Real Estate Development Process Florida Institute of Government at University of South Florida 4202 E. Fowler Ave, CHE 205 Tampa, FL 33620-5250 Phone: 813-974-8423 | Fax: 813-974-2819 www.fiog.usf.edu The challenging field of community real estate The program is designed for: development requires practitioners to know how to use pub- • Non-profit affordable housing developers lic and private resources, and demands skill sets in real estate • For-profit affordable housing developers development, finance and project management. This three- module program is designed to give participants the tools to • Local government community development staff carry out successful, affordable housing and community devel- • Board members of community development organiza- opment initiatives. tions, community-based organizations, community hous- Participants will learn: ing development organizations • The development process for rental housing and • Policy makers and community leaders who are engaged in homeownership promoting affordable housing, developing programs and • How to structure effective project financing policies for affordable housing • How to obtain public and private funds to meet project • Students in business, law, urban studies, architecture and needs others who would like to update their knowledge of urban real estate development and finance and desire a more • How to establish effective affordable housing strategies hands-on experience in project level real estate financial • State of the art market assessment methods analysis. • Effective project management S U M M E R 2009 | (CRED) C O U R S E S C H E D U L E MODULE 1: MODULE 2: MODULE 3: 1 Basic Skills in Real Estate Development Prerequisite: Application acceptance into the program Dates: Workshops 1-2 Workshops 3*-4 July 16-17, 2009 July 30-31, 2009 2 Project Financial Analysis: Understanding Financing and Subsidy Resources Available for Housing Development Prerequisite: Completion of Module I Dates: Workshops 1-2 Workshops 3-4 August 13-14 2009 August 27-28, 2009 3 Managing Real Estate Development Prerequisite: Completion of Modules I and II Dates: Workshops 1 Workshops 2-3 September 10, 2009 September 17-18, 2009 Simulation & Graduation Sept 24-25, 2009 The objectives of this learning module are This module prepares students for the to teach the skills needed to: Students will build upon the knowledge gained development and implementation of an • Create pro formas for affordable homeown- in Module 1. Students will develop an under- actual project concept. ership and rental housing; standing of: • Deal Planning, including: • Use a financial calculator; • Public and Private Financing - Creating a Project Work Plan • Use Excel and project analysis software to • Subsidy Resources for Community - Site Control/Acquisition Strategies create spreadsheets for project analysis; Development - Managing the Members of the • The language of lenders, the language • Underwriting requirements of financing and Development Team of real estate developers; subsidy providers; - Understanding Regulatory Issues and A proficiency test will be administered at • Using a variety of case studies, students will Requirements the end of this module. learn how to prepare project financial analy- • Partnering, Joint Venturing and Collaborating ses and creatively structure feasible projects; • Legal Issues with Partnerships and Joint • Pre-development financing requirements and Ventures sources. • Negotiating Relationships; Principles of Using case studies, students will be taught to Negotiating prepare project financial analyses and to cre- • Packaging & Presentation of the Deal atively structure feasible projects. At the end of this module students will present their proposed project to an informal round- *(Need Computer Lab) table of community development practitioners, public program staff, and local private lenders, Participants who successfully completed the course will receive a Certificate from USF Continuing Education. who will offer feedback and recommendations on each project.