NDC


Historic Real Estate Finance Certification

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Specialized Training

The Main Street America Institute, with the generous support of The 1772 Foundation, is pleased to offer the National Development Council’s Historic Real Estate Finance Certification series to Main Street professionals who are interested in deepening their knowledge of and 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. For a look at the program’s content and participant experience, read about the 2018-2019 Part 1 and Part 2 courses.

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.

Specific topics will include:
  • Real Estate Financing Process
  • Debt Capacity and Lender Underwriting Criteria
  • Return on Investment
  • Appraisals
  • Taxes and Real Estate
Who Should Attend: The content of this course is specifically designed for Main Street programs and professionals who are interested in increasing their capacity to engage in development projects involving historic commercial district properties. Please note: there are no prerequisites, but the course necessitates the use of arithmetic and algebra. If you have concerns about brushing up on basic math skills, please email us.

Read about last year's program here.

The Details

When: November 11-15, 2019

Where: Milwaukee, Wisc.

Price: The standard price of HRE 247 is $1375. With the support of the 1772 Foundation, the course is available at two highly subsidized rates: $250 for Accredited Main Street programs and $500 Main Street America General Members. Email msai@savingplaces.org to receive a discount code for registration.

Please note: limited travel scholarships are available to staff of programs whose budgets are under $100k. Please email msai@savingplaces.org for travel scholarship application information.


Accommodations:
Hilton Garden Inn – Milwaukee Downtown
611 N Broadway Milwaukee, WI 53202

Room rate is $139/night. Book here.

View detailed hotel and travel logistics here.


Certification: After completing both part 1 and part 2 of the training participants will receive a certification from NDC as a Real Estate Development Finance Professional, along with a plaque for display.  AICP members can earn Certification Maintenance (CM) credits for this activity. More information about AICP’s CM program can be found here.

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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. 


Specific topics will include:

    • Problem Solving and Negotiating
    • Deal Structuring
    • Syndications
Who Should Attend: The content of this course is specifically designed for Main Street programs and professionals who are interested in increasing their capacity to engage in development projects involving historic commercial district properties. Please note: HRE 247 (see above) must be completed prior to participation in HRE 347.

Read about last year's program here.

The Details

When: January 13-17, 2020

Where: Baltimore, Md.

Price: The standard price of HRE 247 is $1375. With the support of the 1772 Foundation, the course is available at two highly subsidized rates: $250 for Accredited Main Street programs and $500 Main Street America General Members. Email msai@savingplaces.org to receive a discount code for registration.

Please note: limited travel scholarships are available to staff of programs whose budgets are under $100k.

Certification: After completing both Part 1 and Part 2 of the training participants will receive a certification from NDC as a Real Estate Development Finance Professional, along with a plaque for display.  AICP members can earn Certification Maintenance (CM) credits for this activity. More information about AICP’s CM program can be found here.





MSAI Overview

Download a one-page overview of our  targeted professional development training program aimed to equip downtown and commercial district leaders with the tools they need to lead results-oriented and preservation-based community revitalization organizations.

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Focus Areas

The MSAI is comprised of two distinct certificate programs – the Leadership Development Certificate program and the Community Transformation Certificate program. Expand your capabilities and begin on your professional development journey today!

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FAQs

Did you know? Coursework can be completed at your own pace, from almost anywhere. Check out detailed information on eligibility, registration, requirements, pricing and payment. Still have questions? Reach out to us at msai@savingplaces.org

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