Course description
HD410 - Home Ownership Finance
In this course, the first in the HDFP Certification Program™, participants learn the skills and techniques that successful housing development finance practitioners use to create affordable, owner-occupied, single family housing. This four-day course takes an in-depth look at the financing of housing and how financing affects affordability—of both the unit’s sales price and the buyer’s monthly mortgage payment.
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Training content
- Home Ownership Development Overview
- Achieves a public purpose
- Stabilizes neighborhoods
- Promotes economic growth
- Establishes markets
- Home Ownership Development Process
- The players
- Non-profits and public sector roles
- Selecting and developing the site
- Financing and Deal Structuring
- Construction financing
- Profit and loss statement
- Cash flow statement
- Qualifying Home Buyers
- Calculating ratios
- Verifying information
- Evaluating credit reports
- Home Buyer Income and Credit Barriers
- Down payment and closing costs
- Debt/income ratios
- Credit history
- Monthly payment
- Methods of overcoming barriers
- Lease-purchase
- Permanent Mortgage Programs
- Federal programs
- Private programs
Contact this provider
National Development Council
NDC is nationally recognized as the leading provider of training programs for economic, housing and community development finance professionals. NDC Training builds development finance capacity in professionals working at every level and for every sector of the economic, housing and...