Large and small developers alike can benefit from a comprehensive development workshop being held in April.
Homeownership Development Toolbox Training, April 8-10, will aid developers in taking their projects from idea to proposal by walking them through how to manage architects, contractors and engineers, how to obtain gap financing, and how to market and sell their finished products.
Sessions will take place in a computer lab setting, where participants will work on real deals using Capital Access Inc.'s pro forma software.
Through the software, developers will be able to evaluate the financial feasibility of their projects.
Though the training is geared toward affordable housing developers and non-profits, participants also include architects who want to learn more about the development process, new employees at large development firms, and current developers who want to explore ways they can do things differently.
Alicia Townsend, a loan officer and consultant with the Cincinnati Development Fund, says that many developers have no idea how the process works.
"The training tells you what things you should be spending your money on," she said. "It will save a developer a lot of heartache, and a lot of money."
The three-day session is sponsored by the Cincinnati Development Fund, PNC Bank and LISC.
Registration is $35, and there is a limit of 25 participants. Register by calling Alicia Townsend at 513-721-7211 or visit the Cincinnati Development Fund website.
Writer: Kevin LeMaster
Source: Alicia Townsend, Loan Officer and Consultant, Cincinnati Development Fund
Photography by Scott Beseler