Introducing, Small Bites.
Small Bites is our newest virtual training series delivering relevant and valuable tools on the implementation of small-scale development. Sessions will range from an hour to an hour and a half in length. Led by our diverse faculty, they’ll offer expertise drawn from real-life experiences. These sessions are for people of all skill levels, from small-scale developers and local advocates, to policymakers. An opportunity to ask questions is included at the end of each secession. Check out our small bites below!
How to Finance a Small Scale Development Project
How Can Community Development Financing Support Your Small-Scale Development Project?
What is a community development financing institution (CDFI)? And how are they different from banks? More importantly, what does that mean for financing your small-scale housing or mixed-use development project in the communities you live in and care about? How can you best tell your why and your project’s story so that your financing partner can provide a loan product that best meet’s your needs?
In this Small Bites Training Session, we will discuss financing from non-traditional capital sources and what to expect during the underwriting process through loan closing. We’ll also discuss what happens after loan closing, from construction disbursement to financial covenant and impact reporting requirements. We will use case studies from relevant projects that CDFIs have financed around the country to understand different loan products – acquisition, construction, predevelopment, permanent, mini-permanent, etc. – and loan terms – interest only period, amortization period, guaranty, loan to value, take-out financing, and more.
Christina Szczepanski, CFA
Managing Director, Reinvestment Fund
Ms. Szczepanski is the Managing Director, Head of Lending for Reinvestment Fund, a national mission-driven financial institution that invests in people, businesses, community organizations and facilities to realize the vision that communities should be strong, healthy, and equitable, and work for all people. Ms. Szczepanski steers a 10 member lending team to originate and sustainably maintain a portfolio of loans that are strategic, intentional, impactful and which advance Reinvestment Fund's vision to create an equitable world. Szczepanski was previously responsible for leading Reinvestment Fund’s NMTC program, establishing Reinvestment Fund’s presence in the Southeast, and implementing and managing Reinvestment Fund’s healthy food financing programs.
Prior to joining Reinvestment Fund, Szczepanski was an Active Equity Research Associate at TIAA-CREF. Ms. Szczepanski is a Chartered Financial Analyst, has a Masters in City and Regional Planning from the University of Pennsylvania, and a Bachelors of Science in Construction Science and Management from Clemson University. She has also been an adjunct lecturer at the University of Pennsylvania’s Master of City Planning program and regularly presents, consults or teaches on all aspects of community development financing.
Details
Important Notice: This event will be conducted virtually, and details will be sent to attendees soon upon registration. This session is open for all those who are interested, and no prerequisite courses are required to attend.
This event will be held in Eastern Standard Time.
The Small Bites Series session is not a prerequisite to the IDA Small Developer Boot Camp
*Registration closes 30 minutes prior to event start time.
Registration Fees
Special Registration Rate ($99) open until the event start date.
REGISTRATION
Contact
Andrew Applegate · training@incrementaldevelopment.org · (855) 462-3382 Ext 702