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Developing Affordable Housing: A Practical Guidefor Nonprofit Organizations, Second Edition
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  • Wiley

More About This Title Developing Affordable Housing: A Practical Guidefor Nonprofit Organizations, Second Edition

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BENNETT L. HECHT, JD, CPA, is the Vice President of Program Services for The Enterprise Foundation, a nonprofit, national housing and community development organization. He manages the wide range of programs and services that The Foundation makes available to nonprofits and governments, including assistance in housing development, nonprofit organizational development, planning, employment, safety and volunteerism, as well as research and evaluation activities. Mr. Hecht also oversees The Foundation's development of new and innovative financing products and a $110 million revolving loan fund that is available to the 1,000+ nonprofit organizations that comprise The Foundation's network. In addition to Developing Affordable Housing: A Practical Guide for Nonprofit Organizations, Mr. Hecht has coauthored Managing Affordable Housing: A Practical Guide for Building Stable Communities (Wiley) and has written numerous articles on place-based strategies for housing and community development. He received his JD from Georgetown University Law Center and his CPA from the State of Maryland. Mr. Hecht lives in Washington, D.C., with his wife, Lynn Leibovitz, and two children.
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GETTING STARTED.

Real Estate Development by Nonprofit Organizations: Coming of Age.

The Real Estate Development Process for Nonprofit Organizations: An Overview.

Establishing the Development Team.

PROJECTING COSTS, INCOME, AND EXPENSES.

Project Feasibility and Total Development Costs.

Determining Projected Income and Expenses.

RAISING CAPITAL.

Raising Capital to Meet Total Development Costs.

Sources of Capital: Loans.

Sources of Capital: Grants.

Sources of Capital: Equity.

Sources of Capital: Public Housing Funds.

ENHANCING FEASIBILITY AND PACKAGING THE PROJECT.

Enhancing the Feasibility of an Affordable Housing Project.

Developing the Project Feasibility Report: Five Case Studies.

PURCHASING AND DEVELOPING THE PROPERTY.

Securing Site Control Over the Property: Signing the Option or Purchase Agreement.

Prepurchase Considerations.

Partnerships and Joint Ventures.

Purchasing the Property: Settling on Acquisition.

Constructing or Rehabilitating the Property: Settling on the Construction Loan and Surviving the Construction Process.

Selective Rehabilitation.

COMPLETING AND MANAGING THE PROPERTY.

The Project Completion Phase: Completing the Development and Maintaining an Ownership or Rental Community.

Appendices.

Index.

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