Economic Development Finance Programs

Online

Time: 11:00 a.m. - 5:30 p.m. ET
Location: Online

The core objective of this analytical course is to explain the financial tools used to stimulate private sector investment that results in the creation of permanent, private sector jobs, increased productivity and improvement in the local tax base. Specifically, the course will review current debt, equity, grant and incentive-based financing programs that are accessible to practitioners both rural and urban. Moreover, course participants will learn how to calculate debt/service ratios, cash on cash rate of return, capitalization rates, underwriting ratios, debt coverage ratios and similar financial tools used to identify project feasibility. Course instructors will also spend time teaching how potential investors measure return on investment (ROI) how lenders evaluate risk. Participants will have an opportunity to work through multiple case studies in order to solidify their knowledge of the finance programs.

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Course Highlights:

• Learn how to help small businesses adjust the imbalance between cost and revenues
• Explore the fundamentals of reducing risk of default and foreclosure
• Understand credit risks - matching sources and uses of funds to lower monthly payment and strengthen cash flow position
• Review maturity risks - providing collateral substitution with guarantee of collateral cushion
• Evaluate Community Development Block Grants, Rural Business Enterprise Grants and Public Infrastructure Grants
• Revolving Loan Funds, Community Development Financial Institutions
• New Markets Tax Credits, Historic Preservation Tax Credits, Tax Increment Financing

Agenda

May 19
	Registration
	Welcome and Introductions
	Economic Development Financing • The Goals of Economic Development Finance • Tools and Incentives -- Public Sector -- Private Sector • Loans, Guarantees, Grants and Tax Incentives -- Calculating Debt Service Case Study • Source and Use Statement
	Lunch
	Operating Business Financing Programs • Program Models -- Subordinated Financing -- Loan Guarantees -- Micro Lending -- Equity Investments • Small Business Administration (504, 7(a), and micorlending) • Community Development Finance Institution • Industrial Development Bonds (IDBs)
	Homework – Case Study

May 20
	Homework Review
	Revolving Loan Funds • Matching Sources and Uses of Funds • Funding Sources -- CDBG -- Foundations -- Community Reinvestment Fund -- Banks and “Lending on a Spread” Case Study
	Financing Example: Business Loan Fund
	Lunch
	Real Estate Financing Key Financial Analysis Documents • Source and Use Statement • Operating Pro Forma Permanent Lender Underwriting and Ratio Analysis • Underwriting Issues • Lender Ratios -- Loan to Value Ratios -- Debt Coverage Ratio Case Study
	Public Financing Programs • Subordinated Loan Programs • CDBG – Float Loan Program • CDBG – Section 108 Program • Other methods public sector assist real estate development
	Homework - Case Study

May 21
	Homework Review
	Taxes and Real Estate Development • Cash Flow After Tax • Depreciation • Passive Income/Loss Limitations Case Study
	Low-Income Housing Tax Credits Rehabilitation Tax Credits (Historic Tax Credits) • Tax Credit Thresholds • Limited Partnerships Case Study
	Lunch
	Real Estate Development and New Markets Tax Credits • Key Issues Case Studies
	Pulling It All Together: Structuring • Financing Tools • Debt and Equity Vehicles • Tax-exempt bond financing
	Adjourn

* Agenda subject to change
PLEASE NOTE: In order to receive full IEDC certification credit for this course and a certificate indicating course completion, participants must attend the entire course and stay through the final session on the last day. Please make travel plans accordingly.

Registration

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	By Apr 9	Apr 10 - May 7	After May 7
IEDC Member	$615	$760	$780
Non-member	$795	$940	$960
Full Time Student**	$130	$150	$170

** Copy of current transcript required.

Individual paying by check or purchase order:
Download this form if you are paying by check or purchase order. Form must be faxed or mailed, and accompanied by payment.

Cancellation & No-Show Policy

Refunds less a $75 cancellation fee will be issued for all cancellations received in writing to fax: (202) 223-4745 or email: [email protected] at least 10 business days prior to the course - please allow 3-4 weeks. All registrations regardless of payment status are subject to the $75 cancellation fee. No refunds or credit transfers to a future course will be issued for cancellations received within 10 business days of the course. Telephone cancellations are not accepted. Attendee substitutions for a course may be made at any time prior to the course.

Group Discount

Organizations registering three (3) or more individuals for an IEDC course are eligible for a 10% discount off the applicable registration rate for each attendee. To take advantage of the discount, the course registrations should be submitted together using this course registration form. In addition, please make note of the discount under the "payment information" portion of the registration form. If you have any questions about the group discount, please contact us at (202) 223-7800.

Materials

Each course attendee will receive a copy of the corresponding training manual as a part of the basic registration fee.

Additionally, each of the manuals is available for purchase. To order any of IEDC's manuals, visit the IEDC store. If you have any questions, please contact Allison Mahnke at [email protected] or (202) 942-9483.

Contact

For information regarding course registration and logistics, please contact our professional development team at [email protected], or call Katie Krieger at (202) 639-9105.

May 19 - 21, 2021