-Overview
The Advanced Housing Finance WebCourse builds on the basics learned from CDFA’s Intro Housing Finance WebCourse by taking a deeper dive into both the art and the science behind financing housing. This course will examine project feasibility and deal structuring, regulatory and reporting requirements, and numerous in-depth case studies.
In addition, the course will further explore Low-Income Housing Tax Credits (LIHTC), the Housing Trust Fund, and other programs from the U.S. Department of Housing and Urban Development. Case studies will demonstrate how various development financing tools can be used to address housing development needs in communities and how complex deal structures come together.
Given the advanced curriculum for this course, it is expected that attendees will already have some basic education about development finance and the principles of affordable housing finance.
This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Join us online and start down the road to personal and professional advancement today.
Register
Course Objectives
- Gain a deeper understanding of determining the feasibility of housing developments
- Learn the complexity of deal-structuring
- Expand your knowledge of LIHTC and regulatory compliance
- Hear best practices for developing loan programs for affordable housing
- Learn the players involved in housing deals
- Discover how to leverage federal programs to fill the capital stack for projects
- Explore innovative housing finance case studies from across the country
|
Topics Covered
- Utilizing LIHTC, the Housing Trust Fund, and other federal financing tools
- Determining the financial feasibility of a project
- How to structure housing deals
- Innovative approaches to designing housing financing programs
|
Who Should Attend?
- Bond issuers
- Economic development professionals
- Community development professionals
- Elected officials
- Government and nonprofit finance officers
- Corporate trustees
- Legal counsel
- Underwriters
- Commercial bankers
- Accountants
- Financial advisors
- Policymakers
|
Course Advisor
|
Toby Rittner
Council of Development Finance Agencies
President & CEO
Toby Rittner is the President & CEO of Council of Development Finance Agencies (CDFA), a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation’s leading and most ... knowledgeable members of the development finance community representing hundreds of public, private and non-profit development finance agencies. Mr. Rittner runs the day-to-day operations of the Council including the organization’s various educational, advocacy, research, resources, and networking initiatives. He also serves as the Chairman of the Board of Directors for the CDFA Foundation.
Rittner is one of the most vocal and recognized leaders of the development finance industry nationwide and has advised local, state, and federal leaders, including Presidents Biden and Obama, on economic development finance policy. Through his leadership and guidance, CDFA was successful in preserving private activity bonds and other critical development finance tools during the 2017 tax reform deliberations and has had numerous pieces of legislation introduced in the United States Congress. In 2021, Rittner successfully led a national effort to reauthorize and fund the $10B State Small Business Credit Initiative (SSBCI) program as part of the American Rescue Plan Act. He has written and crafted dozens of strategic finance plans for development finance agencies and advised communities throughout the world on development finance approaches.
Rittner focuses on sustainable finance with an emphasis on infrastructure, clean energy, food systems, small business, and innovations in the development finance industry to drive sustainable outcomes. He has written extensively about impact ready initiatives that leverage and engage capital in ways that drive local sustainability in business and industry and the environment and economy.
Rittner is a frequent speaker at local, state, and national conferences and events focused on economic development finance. He has been featured in The Bond Buyer, Wall Street Journal, Bloomberg, NPR and other national media publications concerning the advancement of development finance tools. He is the author of CDFA's highly acclaimed Practitioner's Guide to Economic Development Finance and co-author of CDFA's Unlocking Capital: A Handbook for Becoming a High Performing Development Finance Agency.
Rittner is an adjunct faculty member at The Ohio State University and Carnegie Mellon University. He is also a Development Finance Certified Professional (DFCP) and has completed the prestigious Oxford University Sustainable Finance Foundation Course.
Mr. Rittner previously served on the U.S. Environmental Protection Agency’s Environmental Financial Advisory Board and is a member of the Advisory Board for the National Community Fund I. Mr. Rittner holds a Bachelor of Arts in Political Science and a Master's of City and Regional Planning degree from The Ohio State University. Mr. Rittner was awarded the Ohio State University College of Engineering Distinguished Alumnus Award in 2016. (More)
|
-Agenda
Wednesday, June 25, 2025
Wed 12:00 PM - 12:15 PM |
Welcome & Overview
Welcome to the course! This session will introduce CDFA, explain how to use the online software, and discuss the framework for the two-day Advanced Housing Finance WebCourse.
|
Wed 12:15 PM - 1:15 PM |
Housing Finance Feasibility
This session will discuss the steps needed to determine the financial feasibility of a housing project. Experts will explain how the project costs, pro forma, and the debt and equity ratio in a capital stack determines the financial feasibility of any housing development.
|
Wed 1:15 PM - 2:45 PM |
The Difference Between 4% and 9% LIHTC Deals
There are two different kinds of LIHTC deals, 4% deals and 9% deals, and the project dictates the type of tax credit received. This session will explain the requirements between the two types of tax credits and discuss considerations when structuring LIHTC deals.
|
Wed 2:45 PM - 3:00 PM |
Break
|
Wed 3:00 PM - 4:00 PM |
Issuing Bonds for Housing Developments
Tax-exempt bonds are issued by state and local authorities to finance a variety of types of housing developments. This session will dive into how bonds are used in tandem with other financing tools for housing developments and the rules around bond issuance. Case studies will highlight creative deal structures.
|
Wed 4:00 PM - 5:00 PM |
HUD Programs for Affordable Housing Developments
The U.S. Department of Housing and Urban Development (HUD) has numerous programs to support affordable housing developments, including funding from CDBG, the HOME program, the Housing Trust Fund, and more. During this session, we will take a deep dive into various HUD programs, including who can use these funds and how these funds can be used for affordable housing developments.
|
Wed 5:00 PM |
Adjourn
|
Thursday, June 26, 2025
Thu 12:00 PM - 12:15 PM |
Revisiting Day 1
Day 2 will begin with a review of key takeaways from Day 1 and the agenda for the second half of the course.
|
Thu 12:15 PM - 1:45 PM |
How to Structure the Deal
After the feasibility of a project has been determined, the art of layering the capital stack and structuring the deal comes next. In this session, experts will go beyond the basics and walk through various case studies from start to finish, share their biggest challenges, and discuss the best practices they have learned along the way.
|
Thu 1:45 PM - 2:45 PM |
Regulatory Reporting
Federal tax credit programs, such as LIHTC and NMTC, have complicated regulations once a project has been closed and it is critical to understand how to comply with federal regulators. This session will explore how to comply with LIHTC and NMTC regulations.
|
Thu 2:45 PM - 3:00 PM |
Break
|
Thu 3:00 PM - 4:00 PM |
Loan Programs for Affordable Housing Developments
State housing authorities and local development finance agencies often have a variety of flexible loan programs to support multifamily and single-family affordable housing developments. Representatives from some of the highest performing development finance agencies from across the country will share details about their loan programs and best practices for catalyzing affordable housing developments.
|
Thu 4:00 PM - 5:00 PM |
Innovative Housing Finance Approaches
This session will explore innovative housing programs and feature in depth case studies. Experts will share the journey of program design and discuss how programs are developed to meet the unique challenges and housing needs of a community.
|
Thu 5:00 PM |
Adjourn
|
-Location
The Advanced Housing Finance WebCourse will take place on Zoom. The course will meet each day from 12:00-5:00 PM Eastern. Attendees must have access to a computer and the internet to attend the course.
-Registration
This training course qualifies for the CDFA Training Institute's
Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
Scholarships are available to attend this event. Learn more about the
CDFA Scholarship Program,
and submit your application today.
Please note that the application deadline is two weeks prior to the course start date.
CDFA permits only one person to log in and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate the connection and access. CDFA offers group discounts for organizations that wish to register multiple people.
CDFA Member: $625
Non-Member: $950
|
Register