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Archive for March 1st, 2018

How to Maximize CDBG Funds for Optimal Benefit

November 8, 2018
9:30 amto4:30 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

The How to Maximize CDBG Fund for Optimal Benefit workshop will provide CDBG entitlement jurisdictions, CBDOs, sub-recipients, and beneficiaries with Best Practices and Models for implementing CDBG eligible activities.  This one-day course will also review the federal rules and regulations specifically related to the program eligibility test and national objective, and discuss approaches used to gather community-wide input, especially from low income residents, for the Consolidated Plan.

Location: Thomas Edison State University, 111 West State St., Trenton NJ

Registration and more information

Parking: How Much is Enough?

October 30, 2018
9:30 amto4:30 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

Cities often face challenges in finding a balance between the desired densities and the required parking when taking up redevelopment projects.  In order to achieve the preferred high density in urban markets it is quintessential to come up with unique site designs and innovative parking strategies. In this session, we will discuss how to assess parking requirements for redevelopment and transit-oriented developments and the availability of parking in such area.

Location: Newark HUD Office, 1085 Raymond Blvd., 13th Floor, Newark NJ

Registration and more information

CDBG and HOME Funds Defined

October 23, 2018 9:30 amtoOctober 24, 2018 4:30 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

This two day workshop is important for all CDBG and HOME funds grantees and sub-recipients, and those seeking to access these federal funds for community, housing and economic development initiatives.  The training will provide participants with a comprehensive overview of the CDBG and HOME funds rules and regulations which are essential knowledge to administer and comply with the two programs.  Participants will also learn important program definitions, and discuss eligible activities, and the role and responsibilities of grantees, sub-recipients and contractors.

Location: Newark HUD Office, One Newark Center, 1085 Raymond Blvd., 13th Floor, Newark NJ

Registration and more information

Tax Abatements: Understanding Them and Examining Models That Work

September 20, 2018
9:30 amto4:30 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

Tax abatement is one of the most sought after public incentive to enhance and ensure financial feasibility of private sector residential and commercial development projects of various project sizes. This one-day workshop will devolve into the five-year exemption and abatement law and the long-term tax exemption law, eligibility requirements, method of calculations and when to use them for economic development projects.  The workshop will also discuss the costs and benefits of the program and how to negotiate the financial agreement between the property owner and municipality.

Location: Thomas Edison State University, 111 West State St., Trenton NJ

Registration and more information

Understanding Tax Credits: What Do They Mean in 2018?

June 12, 2018 9:30 amtoJune 13, 2018 4:30 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

With decreasing funds available for neighborhood revitalization, it has become even more competitive to access capital for redevelopment. Still, millions of dollars are available each year to assist municipalities and developers to redevelop their cities and towns using federal and state tax credit programs. This workshop has been constructed to demonstrate the practical details about how to competitively qualify and access the various tax credit programs – New Market Tax Credits (NMTC), Low Income Housing Tax Credits (LIHTC), Historic Preservation Tax Credits (HTC) and others, for real estate rehabilitation and developmentThe workshop will be led by industry experts and consultants. This session will answer the what, when, where, who and how; and demonstrate hypothetical case studies illustrating how the specific tax credit programs can be used to stimulate private investment.

Location: Thomas Edison State University, 111 West State St., Trenton NJ

Registration and more information

Project Finance

May 16, 2018
9:30 amto4:30 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

Students will participate in the development and analysis of project financials including the calculation of loan payments, debt capacity, net present value (NPV), internal rate of return (IRR), and other financial calculations.  Additionally, learn how to create a basic sensitivity analysis using Microsoft Excel.  A brief review of financing tools and products will be covered.

Location: Thomas Edison State University, 111 West State St., Trenton NJ

Registration and More Information

Assessment of HOME Program Models

April 19, 2018
9:30 amto4:30 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

The HOME Investment Partnership program remains one of the primary funding sources to implement local housing strategies designed to increase homeownership and affordable housing opportunities for low income residents.  This course will provide HOME grantees with a hands-on, in-depth guidance on the operating requirements for implementing successful HOME programs.

Location: Thomas Edison State University, 111 West State Street, Prudence Hall, Trenton NJ

Registration and more information

How to Use Zoning to Create the Desired Neighborhood

April 10, 2018
9:30 amto1:00 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

Zoning is a major tool used to meet land use planning and development objectives.  It can co-exist successfully with other tools and policies, like redevelopment planning, to create a more desirable neighborhood.  This half-day workshop will examine the advantages and limitations of zoning, specifically inclusionary zoning used to achieve the desired vision for an area.

Hear how urban and suburban municipalities have used inclusionary zoning to promote affordable housing and discuss the policy issues and myths associated with inclusionary zoning and understanding its impact on redevelopment.   Participants will also hear how other tools are used to create the desired neighborhoods.

Location: Newark HUD Office, 1 Newark Center, 1085 Raymond Blvd., 13th Floor, Newark NJ

Registration and more information

Real Estate Trends Symposium

March 22, 2018
7:30 amto12:30 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

Is your development strategy aligned with the current market?  What is the future of residential and commercial development?  How are the capital markets responding to the need for affordable housing and mixed-use development, and the uncertain retail sector? What impact will the proposed changes to the tax code have on the real estate market?  With a single-party control of both houses of Congress and the White House and a new governor in New Jersey in 2018, what can you expect to happen to the federal and state government programs?  With the many proposed changes at the federal level, and expected changes at the state level, what affect will this have on the real estate development and finance sector in New Jersey?

This half-day symposium will provide an in-depth overview of the state of the real estate market and discuss the trends, changes and impact on the real estate development and financing market.  You will hear market and sub-market reports on the single-family, multi-family, retail, hotel and office sectors, and several industry experts will provide their insights on the market outlook for 2018. Come hear what this may mean to your ability to develop, finance and manage real estate development projects.

Location: Montclair State University, Feliciano School of Business, 1 Normal Avenue, Montclair NJ

Registration and more information

Project Finance course

March 19, 2018 9:30 amtoMarch 20, 2018 4:30 pm

New Jersey Redevelopment Authority Redevelopment Training Institute

Introduce financing tools and the types of financing available in today’s market for residential and commercial development; Learn basic finance concepts and terminology including Net Operating Income (NOI), Net Present Value (NPV), and debt coverage ratio (DCR), and how to construct development budgets and operating pro formas using Excel.

The key learning objectives are:

  • Understanding of basic finance concepts and terminology
  • How to construct development budgets and operating pro forma to determine net operating income (NOI), debt capacity and financing gap
  • The underwriting ratios used by lenders and investors to assess a development project
  • Types of financing available for real estate development projects

Location: Thomas Edison State University, 111 West State St., Trenton NJ

Registration and more information

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