Njf redevelopment forum 2018 anderson

Njf redevelopment forum 2018 anderson

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  The New JerseyRedevelopment Authority (NJRA) is a state redevelopment financing authority committed to revitalizing urban New Jersey. As urban experts, we customize project financing to invest financial resources into redevelopment projects that enhance New Jersey's cities. The vision of the NJRA is to be the premier catalyst for investments that sustainably grow and develop urban communities.
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  IMPACT 1997-2017 •$418 million inapproved investments •Leveraged $3.8 billion in total investments • 1:9 Average Total Leveraged Ratio
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  •266 Projects • 15,218Total Housing Units • 10,075,317 Total SF of Commercial Space Developed • 1,490 Total Jobs Created IMPACT 1997-2017
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  Redevelopment Investment Fund(RIF) Taxable and Tax-Exempt Bond Financing New Jersey Urban SiteAcquisition Program (NJUSA) NJRA Redevelopment Training Institute (RTI)
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  ELIGIBLE USES Term Loans RealEstate Equity Loan Guarantees PROGRAM DESCRIPTION The NJRA manages this flexible investment fund that provides debt and equity financing for business and real estate ventures.
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  ELIGIBLE USES Land andbuilding acquisition New construction, renovations or building expansion Purchase of new equipment Debt financing/working capital $100 million annual bonding capacity Tax-exempt and taxable bonds- - We're There First PROGRAM DESCRIPTION
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  PROGRAM DESCRIPTION $20 millionrevolving loan fund Upfront short term capital Assumes initial risk to jump start redevelopment projects Flexible Terms - - - ELIGIBLE USES Site Acquisition for properties located in designated redevelopment areas and areas in need of redevelopment
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  The New JerseyRedevelopment Authority Redevelopment Training Institute (NJRA RTI) offers training courses, which focus on development and redevelopment fundamentals, topics and issues. The RTI is designed to provide a body of knowledge of the redevelopment and real estate development process. Classes, which focus on urban and suburban mixed used and commercial communities, are with the goal of providing case driven real life example instruction resulting in an enhanced level of knowledge for participants to be better engaged in the redevelopment and planning process.
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  PROJECT FINANCE BASIC Introduce financingtools and the types of financing available in today’s market for residential and commercial development; Learn basic finance concepts and terminology including Net Operating Income (NOI), Net Present Value (NPV), and debt coverage ratio (DCR), and how to construct development budgets and operating pro formas using Excel INTERMEDIATE Learn about the development and analysis of project financials including the calculation of loan payments, debt capacity, net present value (NPV), internal rate of return (IRR), and other financial calculations. Additionally, learn how to create a basic sensitivity analysis using Microsoft Excel. ADVANCED Learn how to use real estate finance to structure capital stacks and waterfalls to make buy/sell/ hold decision, compare and contrast investment opportunities and effectuate development projects while balancing risk/reward ratio.
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  REDEVELOPMENT PLANNING LAWPROCESS The RTI provides a broad understanding of the crucial issues, steps and challenges associated with the New Jersey Local Redevelopment and Housing Law (LRHL). Legal issues and challenges Redevelopment planning process Community engagement Redeveloper selection Legal and public policy
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  SPECIAL OFFERINGS Comprehensive RealEstate Development (CRED) While touring actual real estate projects; rudiments of real estate develop ment are defined, examined and discussed by real project team professionals. We're There First Municipal Consultations In partnership with industry experts the Redevelopment Training Institute can provide one-on-one consultation services to ensure that your municipality's redevelopment goals are achieved. Customized Trainings In partnership with industry experts the Redevelopment Training Institute can provide one-on-one consultation services to ensure that your company’s redevelopment knowledge is current and sound.
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  • created aspart of the Tax Cuts and Jobs Act • a federal economic development tool aiming to improve the outcomes of distressed communities around the country. Opportunity Zones are • low-income census tracts that offer tax incentives to groups who invest and hold their capital gains in Zone assets or property. By investing in Opportunity Zones, investors stand to gain a temporary deferral on their capital gains taxes if they hold their investments for at least 5 years, and a permanent exclusion from a tax on capital gains if the investments are held for 10 years. OPPORTUNITY ZONES
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  Opportunity Zones mustbe created within "low-income communities," as defined by Section 45D(e) of the Internal Revenue Code (the New Markets Tax Credits Program uses the same definition). In Section 45D(e), "low income communities" are any census tract that have a poverty rate of at least 20 percent, or the median family income does not exceed 80 percent of statewide median family income. If in a metropolitan area, the median family area for such tract must not exceed 80 percent of the greater of statewide median family income or the metropolitan area median family income. OPPORTUNITY ZONES
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  Opportunity Zones aredesignated as such by the governor or chief executive of a given state, district, or territory. All 50 states, the District of Columbia, and U.S. territories are eligible to designate Opportunity Zones. OPPORTUNITY ZONES
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  As of December22, 2017, state governors or territory chief executives had 90 days to designate their state or territories' Opportunity Zones. A maximum of 25 percent of a state or territories' low-income census tracts may be designated as Opportunity Zones. OPPORTUNITY ZONES
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  Opportunity Funds areTreasury-certified investment vehicles, that deploy capital into Opportunity Zones. Opportunity Funds are required to hold at least 90 percent of their assets in an Opportunity Zone, or face penalty for each month it fails to meet the investment requirement. The penalty equals the amount of the investment shortfall, multiplied by the underpayment rate as defined in Section 6621(a)(2) of the Internal Revenue Code. WHAT ARE OPPORTUNITY FUNDS? OPPORTUNITY ZONE FUNDS
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  LEADERSHIP TEAM Leslie A.Anderson President and CEO [email protected] 609.278.5171 Darryl Godfrey Kim Avant-Babb Chief Operating Officer Chief Strategy Officer [email protected] [email protected] 609.278.5175 609.278.5174