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WEBINAR- The Credit Underwriting Process for Affordable Housing
February 10, 2020 - 2:00 pm - 3:30 pm
Underwriting takes place after a funding award has been approved. The invitation to credit underwriting is a vital first step to prepare for–long before applying for financing. It is a complex and critical part of financial agreements that will govern the short and long term of the development’s feasibility. The presenters will help de-mystify the underwriting process and provide guidance that begins in the predevelopment phase and continues throughout the closing process. Participants will receive step by step instruction about third-party analyses and the documentation that will be required throughout the underwriting process. The training will include information from FHFC Credit Underwriting service providers and will address timeframes and sequencing. This training is provided for newly formed and experienced nonprofit housing developers and local government housing staff who are responsible for inhouse underwriting of SHIP, HOME or other publicly available assistance.