Synopses & Reviews
Offers step-by-step guidance through the entire process of real estate development for nonprofit organizations involved in affordable housing projects. Putting together the development team; determining feasibility for the project; financing including budgeting, long- and short-term financing and permanent loans; purchase contracts; rehabilitation and/or construction are among the subjects discussed. Features a slew of checklists, sample contracts and model documents. Supplemented annually.
Table of Contents
Partial table of contents:
GETTING STARTED.
Real Estate Development by Nonprofit Organizations: Coming of Age.
The Real Estate Development Process for Nonprofit Organizations: An Overview.
PROJECTING COSTS, INCOME, AND EXPENSES.
Project Feasibility and Total Development Costs.
Determining Projected Income and Expenses.
RAISING CAPITAL.
Raising Capital to Meet Total Development Costs.
Sources of Capital: Loans.
Sources of Capital: Grants.
Sources of Capital: Equity.
ENHANCING FEASIBILITY AND PACKAGING THE PROJECT.
Enhancing the Feasibility of an Affordable Housing Project.
PURCHASING AND DEVELOPING THE PROPERTY.
Securing Site Control Over the Property: Signing the Option or Purchase Agreement.
Purchasing the Property: Settling on Acquisition.
COMPLETING AND MANAGING THE PROPERTY.
The Project Completion Phase: Completing the Development and Maintaining an Ownership or Rental Community.
Index.