Housing Development Training Institute (HDTI)
 

Housing Development Training Institute (HDTI)

Local Initiatives Support Corporation (LISC) Greater Newark is pleased to announce that it is now accepting applications for its Housing Development Housing Institute (HDTI).  This training is made possible through the generous funding of Prudential.

Up to 30 participants will be selected by LISC to participate in this comprehensive training in affordable housing development within a community development context. Preference will be given to groups working in the Greater Newark footprint (Newark, Irvington, Orange, Jersey City, East Orange), with secondary consideration for those organizations working in or near Camden.

Applications, which can be found here, are due by July 29. Both for-profit and nonprofits involved in the development of affordable housing are encouraged to participate in this training. BIPOC- and women-owned firms are encouraged to apply.  Selected participants will be notified by August 4.

An informational webinar will be held on July 13 from 2:30pm-3:30pm. Register here. 

Logos

Who should apply?

  • Staff and individuals working at for-profit and nonprofit organizations involved in the development of affordable housing, particularly with a focus on the Greater Newark area.  BIPOC- and women-owned firms are encouraged to apply. 
  • Developers located in other parts of NJ such as Camden, interested in serving the Greater Newark market.
  • Developers engaged or in some aspect of community centered affordable housing development serving communities of color.
  • Developers seeking to build their affordable rental development skills via practical, real world examples and shared experience.
  • Individuals and staff working at organizations who have historically been active in affordable housing development and seeking reengage with the Greater Newark affordable housing development ecosystem.
  • Individuals/developers who are able and willing to make a commitment of approximate 5 – 6 hours per week for in class time and some prep time beginning in late August through mid-November.
  • Developers interested in learning more about how best to develop affordable housing in partnership with other organizations.

Program Description

This training is modeled on the highly Housing Development Training Institute successful training that LISC has delivered in California since 1998.  Over 400 people representing 100 community development organizations throughout California have graduated from the program and gone on to create nearly 30,000 affordable homes for people with low incomes.

While modeled on the California training, the curriculum has been substantially updated to reflect the realities of building affordable housing in New Jersey.

The goals of this training are:

  • Increase the development capacity of affordable housing developers by providing practical, comprehensive, and intensive skill training in affordable housing development and community development strategies and techniques.
  • Increase the supply of affordable housing through the program's emphasis on production as part of the learning process.
  • Foster a network of project management professionals who serve as a resource to each other, share information and provide peer support throughout their careers.

Program Components

The specific components of the training program include the following curriculum modules on real estate development:  The specific components of the training program include the following curriculum modules on real estate development:

  • definitions of common real estate development terms
  • exploration of the key components of sound, socially responsible property and asset management
  • extensive financial feasibility and analysis instruction
  • housing finance - the "in's" and "out's" of public  resources
  • instruction on how to use computerized  spreadsheets
  • how to select, organize and manage a  development team
  • understanding and managing the development process
  • identifying and accessing funds for development
  • feasibility analysis
  • identifying sites and obtaining site control
  • single-family new construction and rehab
  • tax credit projects
  • resolving planning and zoning issues
  • construction management
  • marketing and lease-up
  • introduction to property and asset management

A combination of presentations, webinars, case studies and simulations allows participants to negotiate a typical housing development deal issue with real world practitioners and draws on all of the program’s skill areas outlined above. Working together in small groups, the participants are able to learn from each other and build upon skills learned during the training sessions.

Program Schedule

The overall program cost, including trainer costs, administration, materials and supplies is approximately $3,000. Due, to the generous support of our sponsors however, participants will participate free of charge. In order to graduate with a Greater Newark Development Training Institute certificate, participants must attend all sessions and demonstrate a mastery of the materials. 

To ensure the training is accessible to a variety of skill levels, trainers will hold office hours throughout the course. Participants can expect individualized attention and technical assistance on the course work, shared group assignments and their current projects.

Dates

  • Session 1:  August 24 (10am-noon Eastern)
  • Session 2:  August 26 (2pm-4pm Eastern)
  • Sessions 3-22: Each Tuesday (10am-noon Eastern) and Thursday (2pm-4pm Eastern)
  • Session 23:  November 15 (10am-noon Eastern)