CLPHA | Making a RAD Deal Work September 6-7, 2012

Making a RAD Deal Work
September 6-7, 2012 | Chicago

Thanks to everyone who attended this workshop for housing authorities interested in applying for RAD, hosted by CLPHA, Enterprise Community Investment, Inc., and the National Equity Fund, Inc. The workshop covered a variety of topics and included time to discuss individual deals with lenders, syndicators, and HUD. Click on session titles in the agenda below to view presentation materials.

Agenda and Presentation Materials

Day 1: Thursday, September 6

[9-11:30am	Pre-workshop primer on affordable housing development]
12:30pm	Overview of RAD, Review of Key Deadlines (PDF)
	Re-Capitalizing At-Risk Stock Basic Proposal Requirements Review of Key Deadlines RAD Funding Limitations
1pm	Assessing Your Portfolio; Key Steps and Compliance Issues ( PDF)
	Location, Location, Location PNA to PCA: Quantifying Rehabilitation Needs Baseline Construction Considerations Addressing Existing Debt
	Requirements for PHAs Resident Rights RAD Application Timing RAD Scoring Application Highlights Post-CHAP Benchmarks to Closing
2:45pm	Choosing Your Development Team; Organizational Structures and Legal Issues (PDF)
	The Team You Need How This Works with the HUD Procurement Process
	Legal Entities Needed for a LIHTC Deal or Just a Loan Roles and Responsibilities of a General Partner Guarantee Obligations
	Laying the Groundwork for Financing (PDF)
	Preparing the Initial Project Budget - Costs That Must be Included Preparing Your Operating Budget Initial Market Study - Determination of HUD Rents to Market
4:15pm	Using the Resources Tools on the HUD RAD Website

Day 2: Friday, September 7

8:30am	RAD Case Studies (PDF)
	Financing with an FHA Loan Financing with the 4% LIHTC and Bonds Financing with the 9% LIHTC Pros and Cons of Each Financing Option [FHA 223(f) Debt Service Example (PDF)]
10am	Other Sources of Financing (PDF)
	HFA Resources AHP State and City Rescources (HOME/CDGB)

Questions about RAD can be directed to CLPHA Research and Policy Analyst Carmen Brick (202-638-1300).