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Toolkit for Developing and Operating Supportive Housing
Development and Finance:
Building the Development Team
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All housing development is complex, and supportive housing development is even more complex, requiring the specialized expertise from a variety of different disciplines and professions. Few organizations have all of the necessary skills and experience in-house. Most organizations that will be leading the development of a new supportive housing project will need to assemble a development team, a group of professional consultants, service vendors and other nonprofit organizations that collectively bring all of the skills, expertise, knowledge and experience to bear on the development and operation of the project.
Developing supportive housing presents significant challenges for any organization, including:
· Development requires a considerable up-front financial investment;
· Development activities can expose the sponsor to considerable financial risk;
· Development activities requires much more time and attention on the part of your organization and its governing board; and
· Development requires very specialized expertise in real estate transactions and affordable housing finance.
Options for meeting these and other development challenges include:
· The organization may handle all project related tasks and the overall management of the project in-house; or
· The organization may hire a development consultant to manage the project based upon instructions provided, and decisions made, by the organization along the way; or
· The organization may partner with a developer (either non-profit or for-profit) who will handle the majority of the development activities, with your input provided throughout the process (also know as a joint venture or co-sponsorship) and remains in the project as a co-owner; or
· The organization may contract with a developer (either for-profit or non-profit) to develop the project, essentially on their own, and then turn it over to your organization once it’s completed (also known as a “turn-key” development).
Tools to Assist with Building the Development Team:
The following tools are designed to assist organizations to understand the various skills and roles that must be represented on the development team, as well as considerations for selecting members of the development team:
Roles and Responsibilities of Development Team Members: This document provides an overview of the critical roles and responsibilities that must be included within any supportive housing development team, including the Project Manager, the Developer, the Property Manager, the Service Provider, and other team members.
The following tools all address key consideration for selecting members of the development team, whether those team members are partner organizations or professional consultants:
Selecting a Development Partner
Issues to Consider When Hiring Consultants
Selecting a Development Consultant
Sample Consulting Agreement for Development Services
Selecting a Property Manager
Selecting an Asset Manager
Selecting an Architect
Selecting a General Contractor
Selecting an Attorney
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