Southeast Preservation Academy
Enterprise is launching the Southeast Preservation Next Academy (“the Academy”) in Metro Atlanta (Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, and Rockdale Counties) and South Florida (Miami-Dade and Broward Counties) in October 2023, and will run through May 2024. The Academy is a series of virtual and in person, no-cost trainings and peer learning sessions designed to help developers and housing providers build their capacity to acquire, rehabilitate, and preserve affordable yet unsubsidized small to medium multifamily (SMMF) rental properties and stabilize the residents and communities that depend on this housing stock. In addition to preserving the affordable housing stock, Enterprise aims to increase the capacity of BIPOC-led organizations and organizations advancing preservation and resident stability in communities of color. As part of this training series, Enterprise will bring in locally relevant experts and practitioners that have proven success in preserving SMMF properties.
Southeast Preservation Academy Session Descriptions
The Academy’s public training sessions will be open to developers, affordable housing operators, and housing providers interested in or actively pursuing acquisition and preservation of SMMF properties; existing SMMF owners and operators looking for strategies to stabilize their portfolio; and practitioners and advocates interested in learning more about the preservation development process. Sessions are anticipated to occur approximately every three weeks, for 1.5-2 hours.
Note: The number, dates, and content of these Preservation Next Academy trainings listed below may be subject to change.
Part 1. Defining the Opportunity
October 17, 2023 | Preservation Next Academy Kickoff
The October 17th kickoff session set the stage for the Southeast Preservation Academy, providing participants with an overview of the Academy including goals and session topics, along with an overview on the topic of small to medium multifamily (SMMF) preservation and the case for its importance. Guest speakers in this kickoff provided data analysis of SMMF preservation opportunities in Metro Atlanta and South Florida, as well as a case study of a recent preservation deal completed by the Westside Future Fund.
November 14, 2023 | Preservation Deals: Organizational Sustainability and Business Planning
In this session, Karoleen Feng and Juan Diego Castro from Mission Economic Development Agency (MEDA) introduced key organizational considerations and competencies to effectively acquire and operate small to medium multifamily properties, including how the organization funded, staffed, and built capacity to acquire a portfolio of SMMF properties and prevent resident displacement. Enterprise’s Preservation Next staff also provided an overview of the tools needed to develop a preservation business plan, and presented some of the core capacities needed to address the unique challenges of SMMF preservation.
December 5, 2023 | Property Identification, Evaluation, and Acquisition of SMMF Properties
In this session, participants learned strategies and tools to effectively identify, evaluate, and acquire SMMF properties based on property-, community-, and market-based considerations. Enterprise's Preservation Next Staff discussed the importance of acquisition strategies, and previewed a forthcoming evaluation framework that will help assess potential acquisition deals. Enterprise's Vice President of Policy Development, Andrew Jakabovics, shared a data presentation surveying the SMMF property landscape in Atlanta and South Florida, which included analysis of inventory and ownership trends in each geography. Guest speaker Darion Dunn, Managing Partner of Atlantica Properties, walked attendees through an SMMF preservation case study, and shared some of his company's strategies for property acquisition.
Part 2. Preparing for Preservation
January 16, 2024 | Preservation Development Models
This session provided an overview of affordable housing preservation mechanisms, providing an overview of traditional rental models, joint ventures, shared equity, and community ownership models. Enterprise's Preservation Next Staff provided several key considerations for embarking on joint ventures (JVs), guided attendees in an interactive activity to identify their value-adds to development partnerships, and summarized the impact of three affordable stewardship models (deed restrictions, limited equity cooperatives, and community land trusts) on the development process. The session concluded with a practitioner panel with Cecilia Leal from Atlanta Neighborhood Development Partnership, Saki Bailey from San Francisco Community Land Trust, and Ramon Mendez from CRDC Partners, LLC.
February 6, 2024 | Policy and its Impacts on Preservation and Housing Stability
This session provided an overview of how the policy landscape can impact the preservation of small to medium multifamily (SMMF) properties and provide stability for the residents who live in them. Enterprise's Preservation Next Team highlighted key local, state, and national policies; policy best practices; and ways that partners can help create a better enabling environment for preservation and housing stability. The session concluded with a guest presentation and Q + A session from Beth Stephens, Program Director for State and Local Policy in Enterprise's Southeast Market. Beth provided real-time updates about critical policy items in Georgia and Florida, with a focus on policies related to preservation and housing stability.
March 26, 2024 | In-Person Session - Financing Small to Medium Multifamily Preservation – Register
This in-person session will allow attendees to learn and network with the Southeast’s affordable housing preservation community including funders, policymakers, practitioners, and national experts. Guest speakers will highlight local and state financing resources to support a preservation project and highlight strategies to meet financing gaps and preserve affordability. This day-long event will include panel discussions featuring local and national experts, peer learning sessions, a networking lunch, and more.
Part 3. Tackling A Project
April 9, 2024 from 10am to 11:30am ET | Sustainability, Resilience and Health Considerations for Small to Medium Multifamily Preservation – Register
The Academy will dive into considerations in Sustainability, Resilience and Health in the Georgia and South Florida context, including climate resilience and environmental factors. Participants will learn how to integrate health, green building, and/or resilience practices within their SMMF preservation project, from rehabilitation to ongoing management.
April 30, 2024 from 10am to 11:30am ET | Property and Asset Management – Register
The Academy will provide an overview of property management models that minimize operating costs, asset management to improve the long-term financial health of SMMF properties, and eviction prevention best practices that keep residents stably housed.
May 21, 2024 from 10am to 11:30am ET | Navigating Rehabilitation and Sustainability of SMMF Properties – Register
The Academy will provide an overview of factors that may impact rehabilitation and long-term success of a preservation project, including the unique rehabilitation needs of SMMF buildings, local building and zoning regulations, and effective engagement of existing residents. Participants will hear from a contractor or developer who has experience rehabilitating SMMF properties.
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