Capital Magnet Funds: Your Solution for Affordable Housing Pre-Development Funding?
Do you need pre-development funding for your affordable housing development? It’s possible Capital Magnet Funds may be a solution. McKonly & Asbury’s Elizabeth Harriger, Partner and Director of Affordable Housing Services along with special guests, Community First Fund’s James E. Buerger, Executive Vice President, Michael R. Carper, Chief Credit Officer, Timothy Roseboro, Vice President, and Wanda Whare, Partner at Nikolaus & Hohenadel, LLP introduced Capital Magnet Funds as a source of pre-development funds for affordable housing developments. This webinar featured an introduction to Capital Magnet Funds, as well as an exploration of the nuances associated with these funds, including underwriting, documentation, reporting requirements, and more.
Attendees of this McKonly & Asbury Webinar gained a greater understanding of:
- Capital Magnet Funds and how they can be used as a source of pre-development funding for affordable housing developments
- How underwriting of Capital Magnet Funds works
- The documentation and reporting requirements for Capital Magnet Funds
You can download a copy of the slides here.
This free, one hour-long webinar took place on Tuesday, September 21 at 2:00 p.m. EDT. One “Specialized Knowledge” CPE credit was available for this webinar. The level for this CPE was basic and there were no prerequisites for attending. This program was a live webinar which offers the opportunity to ask questions and interact with the presenters.
Once again, thank you to all of our guest presenters for joining us! Please feel free to visit their websites to learn more about the services they offer.
If you have any questions regarding the material covered in this webinar, please contact us.