State, local, governments and Public Housing Authorities play a major role in contributing to the preservation of affordable housing. This webinar will present policies and best practices for state, local governments, and public housing authorities to preserve affordable housing, Also, this webinar will discuss the preservation of subsidized housing in rural and urban areas of the country.

Participants will identify the challenges of implementing affordable housing preservation strategies, and how to overcome the challenges. The webinar will discuss financial solutions to preserve affordable housing in rural and urban areas across the country. A focus on available “social capital” including U.S. Department of Treasury Community Development Financial Institution Fund (CDFI) and U.S. Department of Housing & Urban Development (HUD) programs including HOME, CDBG, Rental Assistance Demonstration (RAD) will be reviewed. Moreover, participants will understand Freddie Mac’s and Fannie Mae’s role in preserving affordable housing. The webinar will review housing and community development programs that successfully revitalized distressed neighborhoods and communities across the country.

The webinar will also examine the preservation of low Income Housing Tax Credit (LIHTC) Properties for affordable housing. Participants will understand LIHTC compliance factors to preserve affordable rental properties.

Areas Covered

Course Level - Intermediate

Who Should Attend

Housing & Community Development Specialists and Managers, Director of Community Services & Programs, Construction Managers, Development Managers, Multifamily Development Managers/Directors, Director of Development, Asset Management

Why Should You Attend

The high cost of housing is impacting rural and urban areas. For many Americans, the cost of housing affects every part of the country. The negative impact results in Americans needing to make choices between housing and their health. The difficult choice of paying for food, medication. The severe burdens of housing are linked to poor health. According to the University of Wisconsin, Population Health Institute, when too much of income goes toward paying rent or mortgage, people are faced with difficult choices between paying for food, medication, and housing. In cases such as California, many are faced with long commutes between affordable housing and their jobs.

Topic Background

While the country’s unemployment rate is lower than it has been in many years, the American dream of affordable housing is not inclusive for everyone. This is evidenced by the increase in the homeless populations in the streets of America, especially California. Today, communities and housing developers face common obstacles in providing decent, safe and affordable housing in a timely manner. Typically, these obstacles may include increased construction or rehabilitation costs, subsidy and tax credit decrease. Moreover,  the high cost of available land in places such as California make building affordable housing a  serious challenge. Although America’s urban areas are experiencing a critical decrease in affordable housing, America’s rural areas are showing signs of severe housing decline too.