Maintaining Your Balance Sheet to Access Credit in a Down Housing Market

Tuesday: 9:00 a.m. - 10:15 a.m.

Presenters:
Nelson Black
, Florida Community Loan Fund
Jack West, LISC
Moderator: Arden Shank, Neighborhood Housing Services of South Florida

When the downturn in the housing market causes a nonprofit housing organization's balance sheet to be dragged down and out of balance because of nonperforming assets and unfinished or unsold homes through no fault of the nonprofit, how does that organization access credit to continue providing affordable housing? If you are a housing provider facing this problem, you are not alone; it is in everyone's best interest that Florida's nonprofit developers are not put out of business because of an inability to access credit.

This workshop will be a part listening session and part brainstorming solutions to the balance sheet problem including best practice suggestions for what steps you should take to address this issue in today's market environment. Come share your concerns, your ideas, or listen to others in the industry on both sides of the equation: those who need access to credit and those who approve/provide loans.

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