The Rural Rental Housing Preservation Academy is a series of no-cost training and peer learning sessions designed to help rural housing providers acquire and/or preserve USDA Rural Development (RD), HUD and LIHTC financed housing in their respective communities. Training sessions will be open to existing owners/operators interested in preserving their properties or parties interested in acquisition for the purpose of preservation of property affordability.
The Academy sessions will span from basic introduction and overview of RD, HUD and LIHTC programs to exploring financing options and new financing models. Enterprise will bring in experts and practitioners that have proven success in preserving units and are thinking outside the box when it comes to funding to help deliver the training sessions. All training sessions will be held virtually. Attendance to any of the academy sessions is available to any interested stakeholders.
Session 1: Introduction to the 515 Process and Application | April 23
This session will cover current housing stock across the country, and what it means to preserve the affordability of the housing stock at risk.
Session 2: Proposed Purchaser and Ownership | May 7
Take a deeper look at the affordable housing stock that is at risk, an exploration of considerations for acquiring a project for preservation, and a discussion of preservation and transfer considerations specific to USDA 515.
Session 3: Long Lead Items | May 21
During this session, we will discuss what a capital needs assessment (CNA) is with a guest speaker from an experienced CNA provider. We will also touch on Section 504 requirements and environmental reports.
Session 4: Cost of Doing Repairs/Construction | June 4
This session will cover the hard-cost items in the development budget and what construction-related items RD requires in a 515 transfer application.
Session 5: Understanding the Simple Transfer and Chapter 7 | June 18
Through this session we will go over the simple transfer process and take a deeper look into what forms are required for this process through case studies.
Session 6: Financial Feasibility Part I | July 2
Financial modeling utilizing RD’s Preliminary Assessment Tool, the pro forma that RD utilizes to determine the financial feasibility of the project.
Session 7: Workshop the Projects and Third Party Financing | July 16
We’ll review case studies and how projects are financed with other non-RD sources.
Session 8: Financial Feasibility Part II | July 30 at 10:00am MT
Continuation of the previous session.
In-Person Convening: Rural Housing Preservation Academy | August 6-7
Join us in Knoxville, Tennessee for the Rural Rental Housing Preservation Academy. Day One will feature presentations on successful approaches to preserving affordable housing in rural communities across the country, with a particular focus on the preservation of the USDA 515 portfolio. Day Two will focus on policy, research and programs in the Appalachian region that support affordable housing development and preservation in rural communities.
The Learning Center’s resources and all data and information provided therein (collectively, “Content”) are for general informational purposes only. All Content is provided “as is” and may no longer be current or up to date. Enterprise Community Partners, Inc., its subsidiaries and affiliated entities (collectively referred to as “Enterprise”) as well as any co-authors of any Content disclaim all liability for any errors or omissions and make no warranties or representations of any kind, either express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any Content presented. All Content should be independently verified by you before relying on it. The Content does not constitute professional advice or services (including but not limited to legal, financial, tax, or investment advice).
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