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Cover Art
PRINTED BOOKS
Author Hecht, Bennett L., 1959-

Title Developing affordable housing : a practical guide for nonprofit organizations / Bennett L. Hecht.

Published New York : Wiley, [1999]
©1999

Copies

Location Call No. Status
 UniM Bund  333.73150973 HECH {Bund81 20190820}    AVAILABLE
Edition 2nd ed.
Physical description xxix, 690 pages ; 26 cm.
Series Wiley nonprofit law, finance, and management series.
Wiley nonprofit law, finance, and management series.
Bibliography Includes bibliographical references and index.
Contents Pt. 1. Getting Started. Ch. 1. Real Estate Development by Nonprofit Organizations: Coming of Age. Ch. 2. The Real Estate Development Process for Nonprofit Organizations: An Overview. Ch. 3. Establishing the Development Team -- Pt. 2. Projecting Costs, Income, and Expenses. Ch. 4. Project Feasibility and Total Development Costs. Ch. 5. Determining Projected Income and Expenses -- Pt. 3. Raising Capital. Ch. 6. Raising Capital to Meet Total Development Costs. Ch. 7. Sources of Capital: Loans. Ch. 8. Sources of Capital: Grants. Ch. 9. Sources of Capital: Equity. Ch. 10. Sources of Capital: Public Housing Funds -- Pt. 4. Enhancing Feasibility and Packaging the Project. Ch. 11. Enhancing the Feasibility of an Affordable Housing Project. Ch. 12. Developing the Project Feasibility Report: Five Case Studies -- Pt. 5. Purchasing and Developing the Property. Ch. 13. Securing Site Control Over the Property: Signing the Option or Purchase Agreement. Ch. 14. Prepurchase Considerations.
Ch. 15. Partnerships and Joint Ventures. Ch. 16. Purchasing the Property: Settling on Acquisition. Ch. 17. Constructing or Rehabilitating the Property: Settling on the Construction Loan and Surviving the Construction Process. Ch. 18. Selective Rehabilitation -- Pt. 6. Completing and Managing the Property. Ch. 19. The Project Completion Phase: Completing the Development and Maintaining an Ownership or Rental Community.
Summary Over the past fifteen years, the role of nonprofits in developing housing for those with low and moderate incomes has changed dramatically. Once supporting players, community development corporations, tenant associations, and other nonprofit organizations have now assumed the lead, filling the gap left by shrinking government commitment to become the nation's primary producers of affordable rental and home ownership opportunities. With the growing involvement of these various groups comes a new set of issues and concerns for them to handle, all of which are addressed in this revised and expanded edition of Developing Affordable Housing.
Written by Bennett L. Hecht, a professional with extensive experience in nonprofit real estate development, this comprehensive resource provides cutting-edge tools and strategies for creating long-term stability, meeting community housing needs, and taking advantage of economic opportunities. Demystifying affordable housing development for those considering it for the first time, as well as for those seeking to expand into different types of housing production, it offers invaluable insights into possible financing sources and long-term management strategies that will make planned affordable housing developments effective and successful.
Taking you step-by-step through the entire development process, Developing Affordable Housing, Second Edition covers all the bases, from putting together the development team to determining project feasibility to obtaining site control. Along with details on using Hope 6 funds for neighborhood revitalization programs, it contains a new chapter on joint ventures that includes specifics on limited liability corporations (LLCs). Packed with numerous checklists, step-by-step procedures, sample contracts, and model documents designed to help save time, effort, and expense,
A practical resource that features straightforward guidelines, sound advice, and up-to-date information, this is essential reading for any nonprofit looking to sponsor, own, or manage affordable housing projects.
Subject Housing development -- United States -- Handbooks, manuals, etc.
Housing rehabilitation -- United States -- Handbooks, manuals, etc.
Housing management -- United States -- Handbooks, manuals, etc.
Nonprofit organizations -- United States -- Handbooks, manuals, etc.
ISBN 0471298441 (cloth : alk. paper)