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HAWAII COMMUNITY REINVESTMENT CORPORATION |
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As part of its ongoing mission of helping the communities we serve, HCRC periodically holds workshops on topics related to our mission and those that support our goals. In January 2011, HCRC was pleased to present the following symposium to provide businesses, non-profits, developers and community builders with innovative resources and strategies to help grow their organizations. |
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Workshops |
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3465 Waialae Avenue, Suite 393, Honolulu, Hawaii 96816 PH 808.532.3110 FAX 808.524.1069 |
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Innovative Resources & Strategies for Businesses, Non-Profits, Developers and Community Builders |
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Featured speakers included: Donna Gambrell* (Director, CDFI Fund) Robin Hyerstay (Director, Capital Markets Enterprise Community) Michelle Morlan (Director, National Development Council) Roque Barros (Director of Community Building, Jacob Center) * via satellite |
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Innovative Resources & Strategies for Businesses, Non-Profits, Developers & Community Builders
8:00 am Registration, Networking, Continental Breakfast
8:30 am Welcome Morning Keynote: Donna J. Gambrell, Director, CDFI Fund
9:30 am - 11:00 am Concurrent Breakout Session I (Please see below for program descriptions) 1. Hedge Your Interest Rate Risk - Lock Your Permanent Rate During Construction (Matthew Bayles, Bank of Hawaii) Hedge Your Interest Rate Presentation
2. Build a Sense of Community Within Your Project or AOAO (Roque Barros, Jacobs Family Foundation) Build a Sense of Community Presentation
3. New Markets Tax Credits: Get Equity Investments Without Losing Control of Your Business or Non-Profit (Michelle Morlan, National Development Council) NMTC Presentation NMTC Handout
4. Building Sustainable Housing & Communities (David Bylund, Architects Hawaii; Gordon Furutani, HUD; Robin Hyerstay, Enterprise; Terrance Ware, City & County of Honolulu) Sustainable Community Presentation - D Bylund Enterprise Green Communities Presentation - R Hyerstay Building Sustainable Housing Around TOD Presentation T Ware
11:15 am - 1:00 pm Lunch & Luncheon Keynote Robin Hyerstay, Director, Capital Markets, Enterprise Community Investment, Inc. R Hyerstay Luncheon Keynote Presentation
1:00 - 2:00 pm Concurrent Breakout Session II (Please see below for program descriptions) 5. Innovative Financing Programs for Your Renewable & Energy Efficient Systems (Alex Tiller, Sunetric; Mark Glick, DBEDT) HI Solar Finance Presentation - A Tiller Loan Loss Reserve Presentation - M Glick
6. Community Organizing/Community Engagement: Successful Tactics and Best Practices (Roque Barros, Jacobs Family Foundation) Community Engagement Presentation
7. Leveraging New Markets Tax Credits for Your Affordable Housing Project (Michelle Morlan, National Development Council) NMTC for Affordable Housing Presentation
8. Finance Your Office/Warehouse with Just 10% Down (Jody Mukaigawa, FHB; Jerry Hirata, SBA) SBA 504 Loan Presentation
2:45 pm - 3:30 pm Plenary Session
3:30 pm Closing Remarks & Wrap Up
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Break-Out Session Descriptions
Concurrent Breakout Session I 1. Hedge Your Interest Rate Risk - Lock Your Permanent Rate During Construction Interest rates are at all-time lows. How can you take advantage of TODAY’s rates when your project will not be completed Until 2013? Join this informative break-out session to learn how you can hedge your interest rate risk. 2. Build a Sense of Community Within Your Project or AOAO How do you get beyond a business relationship with your tenants? Learn how to build strong relationships to create a sense of community and gain broader support for your project/property. Learn how physical developers have partnered with community builders to create a 60-acre Smart Growth Village in San Diego. 3. New Market Tax Credits: Get Equity Investments Without Losing Control of Your Business or Non-Profit This intensive session is designed to take the mystery out of this powerful economic development tool. Businesses and commercial real estate development professionals will get a comprehensive overview of how the NMTC program works and how it can be used to provide additional equity for business or real estate projects. We will showcase actual NMTC projects including commercial real estate, mixed-use development, business financing and projects that include Historic Rehabilitation Tax Credits. Attendees will be taken step by step through actual NMTC projects and learn the most important program basics. 4. Building Sustainable Housing & Communities Join this symposium to help shape the future of housing in Hawaii. While certain parts of the country are reeling from a glut of foreclosures, Hawaii is confronted with the potential for immense housing shortages, strained infrastructure and energy shortages. Careful planning is needed to help ensure that new housing is energy efficient, resistant to severe weather, constructed in areas that limit environmental impacts and include the proper mix of affordable rental and ownership to meet the needs of tomorrow.
Concurrent Breakout Session II 5. Innovative Financing Programs for Your Renewable & Energy Efficiency Systems Do you want to lower your electricity bill for your business without a huge capital outlay? Are you a non-profit organization unable to take advantage of energy tax credits to help finance your renewable energy system? Or, are you a homeowner looking for a loan with repayment requirements that match your energy savings?? If any of these scenarios fit, join this break-out session where you’ll learn about innovative programs available to finance your renewable energy/energy efficient systems. While there, be one of the first in the State to learn about DBEDT’s innovative new program that will incent and encourage financial institutions state-wide to provide flexibility in energy loans made to consumers and small businesses. 6. Community Organizing/Community Engagement: Successful Tactics and Best Practices How do you successfully engage residents to develop a vision for your project or community? Learn how to build the capacity of residents to take the leadership needed to design and implement plans that support the vision they set. In this interactive session you will also learn about the strategies used by the Jacobs Center to build “The Resident Ownership of Neighborhood Change.” Principles shared during this session may also be applied to building membership or volunteer engagement for non-profit organizations. 7. Leveraging New Markets Tax Credits for Your Affordable Housing Project This session will take housing developers and funders through the basics of this powerful development finance tool and provide you with a comprehensive understanding of how the program can be used to benefit housing projects. We will showcase actual NMTC projects including mixed-use development that includes significant amounts of housing, community facilities for non-profits and projects that include Historic Rehabilitation Tax Credits. 8. Finance Your Office/Warehouse with Just 10% Down Are you a business owner looking to expand your warehouse operations or move your office space? Are you short on liquid assets for the typical 25% cash down payment required for your commercial mortgage loan? If so, you’ll need to attend this break-out session where you’ll learn of an innovative private/public partnership that allows small business owners (as defined by SBA’s size standards) to purchase a new facility, large equipment and/or renewable energy systems with just 10% down.
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