The Harvard Real Estate Alumni Organization (HREAO) Webinar Series :
Navigating The Stormy Seas - COVID-19 And Impacts On Development, Construction, Financing of Affordable and Multifamily Housing
The HREAO Webinar Series invites real estate industry experts to lead an interactive forum on specific top-of-mind topics and to share their perspectives on the real estate sector—including various trends, strategies, and insights, as well as to answer your questions.
Sponsored by the Harvard Real Estate Alumni Organization
Date : Wednesday, May 6th, 2020
Time : 10:00AM PST / 1:00 PM ET
Event : Free
Advance registration on HREAO's website required.
Location : Join Zoom Meeting. Meeting ID and Password will be shared after Event Registration. HREAO Webinar Link via Zoom
Please join the Harvard Real Estate Alumni Organization for a webinar on the impacts of Covid-19 on the development, construction and financing of affordable and multi-family housing. Our program will discuss the progress of ongoing multifamily mixed-income and affordable developments in the construction stage and the predevelopment stage, the reactions of the marketplace to the Covid-10 pandemic, federal, state and local government relief efforts and strategies for navigating these challenging times and continuing with the development process. Our panel will cover in particular social distancing measures in the construction process, force majeure and insurance issues, IRS guidance regarding LIHTC transactions and federal government relief efforts for multifamily mortgages, the applicability of the paycheck protection program to real estate development, etc. and include time for Q&A and general audience discussion.
1) Construction & Development
Affordable housing as “essential construction”
Development cycle, social distancing, construction pricing – Status of development project (Affordable Housing / Permanent Supportive Housing), development in the midst of COVID-19/social distancing, impacts on AFH tenants. Developer’s creative uses of converting other asset classes for AFH.
Force majeure & insurance issues
2) LIHTC/Capital Market
Tightening of investor requirements & IRS guidance
General impact on financing and pricing
Requirements/relief for federally-insured multifamily mortgages
Paycheck Protection Program relief (or not) for multifamily residential companies (including affordable housing providers/owners/property managers)
Speakers and Bio:
Macy Leung (GSD ’11)
Eamon Lorincz (JD ’09)
David Lewis (GSD ’09)