Real Estate Development 101 for Board Members
This two-session course will focus on how CDC Board members and other volunteers can and should engage in the real estate development work of their CDCs. It will provide tools for Board members to understand the CDC’s portfolio of completed developments and evaluate the organization’s planned development. The basics of real estate development financing and budgets will be reviewed as well as the life-cycle of a real estate development from the initial selection of a project through planning and building the project to operating the development to serve the occupants and further the CDC’s larger community development mission. Essential areas for Board involvement, direction and decision-making will be reviewed as well as best practices to build a strong partnership between Board and CDC staff in pursuing a successful real estate development strategy. Registration is limited to Board members of CDCs and other non-profit development organizations, especially ones with limited experience or knowledge of real estate development.