Financing Tools for Affordable Housing
Community Capital New York and Hudson Valley Pattern for Progress, Center for Housing Solutions, sponsored a workshop on February 14, 2013 to showcase financing tools for affordable housing that have not been widely used in the Hudson Valley region. These financial tools may be more useful than some of the current options for development and respond to the changing demographic profiles found throughout the Hudson Valley. The Baby Boomers are empty nesters and millennials are leaving the valley. Panelists from Enterprise Community Partners, Community Development Trust, and Westchester County’s Industrial Development Agency presented on New Market Tax Credits, Alternative Debt and Equity investments, and Local Development Bonds.
The Community Development Trust Presentation
Community Development Trust’s (CDT) Brian Gallagher presents on CDT’s debt and equity programs, project eligibility, and underwriting criteria. View presentation slides.
Brian Gallagher
New Market Tax Credits Presentation
Enterprise Community Partners’ Al Shehadi presents on the economics, eligibility, and application process for New Market Tax Credit projects. View presentation slides.
Al Shehadi
Westchester County IDA Affordable Housing Presentation
Eileen Mildenberger, Executive Director of Westchester County’s Industrial Development Agency, presents on Industrial and Local Development Bond financing. View presentation slides.
Eileen Mildenberger
The audience included housing developers, government officials, policy makers, advocates, attorneys, and finance professionals