Advanced HOME: Doing Rental Deals plus Davis-Bacon Guidance

The New York Office

 of the U.S. Department of Housing and Urban Development

 is pleased to announce that it is hosting

 Advanced HOME: Doing Rental Deals plus Davis-Bacon Guidance training.

The training will be presented by ICF International.


New York City, NY
July 7-9, 2009
HUD New York Regional Office

26 Federal Plaza

ROOM 36108

New York City, New York 10278

(Located on Broadway between Worth and Duane)


Advanced HOME is designed as the follow-on course to Subsidy Layering delivered in NY twice last year.  The course covers basic methods of financial and non-financial rental project analysis, structuring various financing mechanisms in projects, and implications of HOME requirements for rental project finances.  Participants in the course will analyze development budgets and pro-formas. The course will focus on combining HOME with other financing mechanisms such as the Low Income Housing Tax Credit, Section 108, and CDBG for rental housing development.  This course will be supplemented by a session on Thursday afternoon, where the HUD Guidebook for Davis-Bacon will be distributed and implementation issues will be discussed.

Course participants:  This is an advanced course that is appropriate for PJ, CHDO or other HOME-eligible nonprofit staff who have attended Building HOME and are directly involved in or supervise the financing of HOME rental projects.  Ideally, participants will have attended Subsidy Layering Review.  The add-on Davis Bacon session is for those involved in or supervising construction contract execution and/or Davis-Bacon monitoring.


Day 1

9:00 – 9:30  Welcome and introductions

9:30 – 12:00  Chapter 1: HOME and Rental Housing (15 minute break taken)
* HOME rental requirements
* The LIHTC Program
* The CDBG Program
* The Section 108 Program
* Exercise on eligible activities

12:00 – 1:00   Lunch

1:00 – 2:15  Chapter 2: Evaluating the Development Team
* Team members and their roles
* How to evaluate team members
* Exercise on evaluating competing teams

2:15 –2:30   Break

2:30 – 4:00  Chapter 3: Understanding Markets
* Elements of a market study
* Interpreting market study data
* Exercise on evaluating market data

Day 2

9:00 – 12:00  Chapter 4: Financing Basics (15 minute break taken)
* Key underwriting ratios
* Basic components of a development budget, sources and uses and operating pro-forma
* Exercise on calculating basic ratios

12:00 – 1:00   Lunch

1:00 – 2:30  Chapter 5: Analyzing the Development Budget
* Key elements of the development budget
* Evaluating eligibility and cost reasonableness
* Exercise on evaluating development budgets

2:30 – 2:45  Break

2:45 – 4:00  Chapter 6: Analyzing the Operating Budget (Part 1) 

Day 3

9:00 – 10:00  Chapter 6: Analyzing the Operating Budget (Part 2)
*Exercise on evaluating expenses and developing an operating budget

10:00 – 10:30  Chapter 7: Timing of Financing
*Construction loans
*Managing risk during construction
*Operating reserves
*Bridge loans

10:30 – 10:45  Break

10:45 – 12:00  Chapter 8: Making Sure it Works
*Structuring assistance
*Evaluating returns
*Subsidy layering review
*Exercise on filling the gap with financing tools

12:00 – 1:00   Lunch

1:00 - 2:30  Chapter 9: Fitting It All Together
*Areas of on-going compliance
*Warning signs

2:30 – 2:45  Break

2:45 – 4:30  HUD Guidebooks for Davis-Bacon and discussion of implementation


Name Price
Advanced HOME: Doing Rental Deals plus Davis-Bacon Guidance Free

On the Web

Advanced HOME: Doing Rental Deals plus Davis-Bacon Guidance

The New York Office of the U.S. Department of Housing and Urban Development is pleased to announce that it is hosting Advanced HOME: Doing Rental Deals plus …

Wage Determination Online Homepage

Welcome to the Wage Determinations OnLine Program! This website provides a single location for federal contracting officers to use in obtaining appropriate ...

Enterprise Car Rental: Deals & Discounts for Cheap Rental …

... rental cars in Enterprise with Expedia. We partner with every major car rental company to help you find the best rental car deals & discounts in Enterprise ...

Your Ultimate Guide to Black Friday and Cyber Monday Travel Deals

You can find some serious savings—and book your next vacation all from the comfort of your warm, cozy home this holiday ... and Best Western Plus Hotel & Suites Airport South, College Park, GA. They will also be offering deals on Tuesday and …

Peter Greenberg • 11/20/2014

Touring Amsterdam: A Survival Guide

Shaped like a stadium, Amsterdam isn’t a big city and that leaves many tourists thinking they might as well walk from place to place. But the time and energy you spend doing ... Guide. You can follow her articles on Forbes by clicking the red plus ...

Forbes • By Deborah L. Jacobs • 8/16/2013

How to Plan Your Next Vacation in One Breezy Sitting

Planning a vacation should be as relaxing ... It would also be ideal to book a few weeks in advance and to check with smaller carriers as well as the major airlines. To keep costs low, make sure to do your research about seasonal prices.

Mashable • By Joann Pan • 11/22/2012

Equity Lifestyle Properties, Inc. (ELS) Management Discusses Q2 2013 Results - Earnings Call Transcript

Good day, everyone, and thank you all for joining us to discuss Equity LifeStyle Properties Second Quarter 2013 Results. Our featured speakers today are Marguerite Nader, our CEO; and Paul Seavey, our CFO. In advance ... guidance and represents a …

Seeking Alpha • 7/23/2013

Ballpark A-Z Fan Guide

Below is Ballpark A-Z Guide for all ... monetary donations in Coca-Cola Field or on the surrounding plaza is strictly prohibited. Violators will be escorted from the property. A limited number of luxury suites are available for rental on a game-by-game ... • 2/24/2010

How can I get Barclays Premier League football on TV? Sky Sports, BT Sport and ESPN on BT, Sky, TalkTalk and Virgin

BT Vision and TalkTalk TV do not currently offer any Sky Sports channels in ... A second option is to take any BT Broadband package (prices start at £10/month plus standard line rental £15.45) and you’ll get the BT Sport channels in SD for no extra ...

Recombu • 8/16/2013

Top 5 Movie Apps

Daily Deals: $330 PS4 ... While nobody likes to see jobs go away, Redbox is the future of movie rental until the globe goes completely digital. Yelp? What's Yelp doing in here? This city guide app offers a lot more than restaurant listings.

IGN • 3/25/2010

How to hurricane-proof your vacation

NEW YORK — Despite forecasts of a busy hurricane ... in advance," especially if you're the type of person who'd rather stay home than take a chance on a storm that might or might not make landfall. Cruises: "Cruise lines can and do change their ... • 5/30/2007

30 Unexpected Wedding Costs Brides Forget to Budget For

Stay close to home to avoid ... “Try to book in advance --it may save you money if you reserve to preserve early. And your bridal retailer may have discount deals or coupons to share.” (Here's a breakdown of all your …

The Huffington Post • 2/8/2014

How to cut the cost of your holiday

Someone using their debit card to withdraw cash from a foreign ATM may well find they are charged 2.75% to 3% of the money in hidden commission, plus a separate ATM ... This site will then do all the work. The best deals are for those who are willing ... • 5/24/2014