Small Scale Development Workshop
Thursday, May 16, 2019
8 a.m. - 5 p.m. EDT
Staunton, VA, United States
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The workshop is designed to introduce the principles and implementation mechanisms behind neighborhood based development projects, and offers specialized training about how to create small projects, like 1-3 story buildings with less than 20 units, which are residential, commercial or mixed in use. Through presentations on finance, design and site selection, a hands-on practice exercise, and networking with local like-minded people, this workshop is the first step to becoming a small developer or creating a supportive ecosystem for small development in Virginia.
7:30 AM: Workshop Registration Opens
8:00 AM: Welcome and Introductions
8:15 AM: Power of the Incremental Approach | Incrementalism is best paired with time. By rooting in a neighborhood, building relationships and making many small improvements over time, a small developer can build wealth in their community.
8:35 AM: Business Models and Skill Sets | What kind of projects are you interested doing? How will that be structured? What skills do you have and whose help do you need?
9:45 AM: Right-Sizing Your Project | By evaluating zoning, financing tools, and building codes, a project can conform to systemic thresholds that control costs and minimize risk.
10:30 AM: Building Arts 101 | A small developer who understands architecture, urban design and planning fundamentals can create more value with their project while contributing to the health, safety, and welfare of their community.
11:30 AM: Market Research & Site Selection | Finding the right site or building as the critical first step to any development project. Understand how to establish a baseline range for the rents, sales and other variables in your neighborhood and pay the right price for property.
12:00 PM: Lunch at the Venue (Provided with Registration)
1:00 PM: Zoning | Understand the key regulatory basics that shape a project’s physical form and the typical processes that govern what is allowed by-right versus with special permission.
1:20 PM: Project Pro formas | Get familiar with a financial pro forma template and the important concepts, key terms, and industry jargon that show how a building makes money.
1:40 PM: Hands-on Site Planning and Pro forma Activity | Apply everything learned so far in the day to layout a building on a site by following a sample zoning code and then filling out a project pro forma to see how the project performs financially under many conditions.
3:30 PM: Financing a Project | A great project needs a great plan for obtaining permanent mortgages and construction/renovation loans. To get there, a small developer will need a written financial package and a verbal pitch to present to a bank and/or private investor.
4:00 PM: Buying a Property | A basic overview of the process for purchasing property and the elements of the crucially important due diligence process.
4:30 PM: Wrap-Up | Q&A and Next Steps
5:00 PM: Conclusion
Alli Thurmond Quinlan
Andrew Hopewell, firstname.lastname@example.org