Real Estate Finance was specifically developed for non-profit organizations, which have completed NDC's Housing Development Finance Professional Certification Program or the Economic Development Finance Professional Certification Program, through BB&T's Capacity Building Program, prior to December 31, 2004.

The Mixed-Use Real Estate Finance course is uniquely designed for non-profit development practitioners. Using lectures and actual case studies, the session provides important tools for neighborhood based organizations that are creating jobs and affordable housing for their communities. Mixed-use development provides opportunities for non-profit development organizations to participate in projects that can incorporate housing, small retail businesses, commercial space and other uses. The course explores the analysis and financing of mixed-use projects and provides an overview of lender and developer perspectives on the mixed-use real estate development.

Specific topics include:

Real Estate Financing Process:

• Key Players and their Roles
• Calculating Project Costs
• Developer's Pro Forma
• Determining Debt Capacity
• Quantifying the Financing Gap
• Closing the Gap

Return On Investment:

• Cash-on-Cash Rate of Return

Appraisals:

• Three Approaches to Value

Financing and Deal Structuring:

• Rehabilitation Tax Credits
• Low-Income Housing Tax Credits
• Debt and Equity Investment Vehicles
• Structuring Mixed-Use Projects