2023 Boot Camp Overview
CEDAM’s Real Estate Development Boot Camp is a multi-part training program designed to give you the tools needed to develop affordable housing in your community. From rising construction costs to new funding sources, our training curriculum is updated each year to provide context around the current real estate development landscape in Michigan. We bring in experienced speakers from across the state and country to discuss practical applications of this work and help you create important connections.
We welcome anyone to register for this training who is interested in understanding the development process, however, the training curriculum is geared toward helping participants move their community-focused real estate development projects forward. We encourage all participants to bring a potential project (whether it be a potential site or building, or even just an idea) to the training.
Our target audience is:
- Community members who are interested in revitalizing their community through small-scale development projects
- Nonprofit housing development staff who may be seeking to actualize a range of housing and community development projects utilizing LIHTC or other sources.
Our secondary target audience is:
- City staff officials, community partners, foundations, or others who may be involved in the development process in some capacity
Whether you are new to the field or need a refresher on the basics, this training is for you! Those who join the training and do not have a potential project will have the opportunity to collaborate with those who do when we apply our learning through a final project pitch to funders.
This is a fast-paced, hands-on training program. Because capacity is limited for the training and demand is high, registrants must commit to being active participants and be available to attend all of part 1 and part 2 (one track only) dates.
During Part 1 (June 12-14), we will cover a brief history of the community development field and explore how real estate development can cultivate strong neighborhoods. We will build on this foundational knowledge by discussing the development process, who should be on your development team, introduce proformas, discuss long-time and new funding sources and programs, and hear from experienced funders and developers.
Utilizing Kalamazoo as the backdrop to our learning, our time in the classroom will be spent at The Creamery, an exciting community development project spearheaded by CEDAM member Hollander Development. Participants will benefit from learning about the innovative community development work happening in the city, hear from the developers and city officials leading the way, and tour several small- and large-scale projects.
During part 2, the cohort will split into two tracks. Participants can decide between learning more about developing affordable housing utilizing Low Income Housing Tax Credits (LIHTC) July 11 + 12 or small-scale and rural development (multiple virtual dates throughout July). The small-scale track will be led by Brian Reilly of Small Development Counts. The LIHTC track will feature experienced LIHTC developers, consultants, equity investors, and state agency leadership.
Finally, participants will have the opportunity to attend CEDAM’s Qualified Allocation Plan (QAP) / LIHTC Training, where they will hear from MSHDA about updates to the QAP, hear from equity investors on the status of the market, and have the opportunity to network with funders, developers, and state agency leadership. Part 3 operates as a separate event to which Boot Camp participants will gain automatic admission with their Boot Camp registration fee.
If you have any questions please contact Emily Reyst, Director of Communications and Training.