Posted by VelocePartners | March 27, 2017
Maximizing People, Policy & Project Opportunities
Veloce Partners provides a broad range of consulting, training and advisory services designed to help cities and counties make prudent investments, develop human resources, adapt policy to current forces, maximize asset value and strengthen their commitment to affordable housing. Decision makers can benefit with impartial and informed recommendations, and agencies and their staff can benefit from the technical expertise and experience that Veloce Partners offers.
FINANCIAL FEASIBILTY ANALYSIS
Veloce Partners provides services to review prospective public agency financing requests in conjunction with competitive NOFA/RFP processes, as well as negotiated transactions. Services include:
PROFESSIONAL STAFF TRAINING
Veloce Partners provides workshops and individual training services to educate and empower housing agency staff on:
PUBLIC POLICY DESIGN
Veloce Partners provides services to help agencies design and adopt policies that balance current objectives with emerging market forces
ASSET MANAGEMENT REVIEW
Veloce Partners provides services to help ensure compliance of existing properties with agency regulatory agreements, including:
Feasibility Case Study
AS ILLUSTRATED, ACCESS TO OPEN SPACE AND PARKS IS A COMMON FACTOR IN
MEASURING A PROJECT’S ACHIEVEMENT OF PUBLIC POLICY GOALS.
A public agency needed help analyzing proposals for funding of affordable housing developments by for-profit and non-profit organizations. Funding decisions were predicated on a review of applicant responses to a formalized RFP process. This included an assessment of project viability, readiness and achievement of various public policy goals.
The agency was faced with severe time and resource limitations. Moreover, the agency required review team independence to insulate decision making from potential bias or political influence.
STRATEGY & SOLUTION
Veloce Partners rapidly reviewed applications for compliance with the agency’s RFP guidelines, and prepared financial analyses of the projects to facilitate comparison among competing proposals. Veloce Partners also provided the
client with a written assessment of the applications, prepared staff reports,
and offered insights regarding current market trends that could impact future
Staff Training Case Study
WITH PROPER TRAINING, AGENCY STAFF ARE BETTER EQUIPPED TO IDENTIFY NEEDS, UNDERSTAND DEVELOPMENT PROCESSES AND CAPITALIZE ON FUNDING OPPORTUNITIES.
A major city responsible for administering a variety of housing loan programs was experiencing a lack of consistency in analytical work performed by its staff, and concerned that rapidly evolving market conditions were not being adequately considered in its decision making process. The city sought additional staff training to address these conditions.
Due to staff turnover and varied prior professional experience, city staff members had varying levels of knowledge about current market conditions, optimal financing strategies, and the detailed underwriting process for affordable housing development. While some staff members had extensive financial analysis strengths, others were more experienced in practical development considerations or planning issues. The goal of the training was to provide a broad ranging yet practical overview of the development process and financing tools, preferably through the use of current market case studies.
STRATEGY & SOLUTION
Veloce Partners prepared a training curriculum that included program background on key funding programs, a comparison of key features and decision-making criteria, and real-world case studies to demonstrate the structuring and analysis process from a development perspective. The training program also included hands-on financial modeling and analysis case studies that were completed individually and in small groups to reinforce the learning process. Through this training the city achieved several positive outcomes including improved staff productivity and work quality, and was able to reduce its reliance on outside consultants to perform routine due diligence reviews
Public Policy Design Case Study
VELOCE PARTNERS HELPS DEVELOP POLICY THAT MAXIMIZES RETURN ON AGENCIES’ ALREADY LIMITED RESOURCES
A public agency wanted to implement new public policies that could help preserve existing housing without becoming a barrier to new development. They were considering several potential tools, including in-lieu fees, development incentives and a rent control ordinance.
Various policies under consideration had differing impacts on the feasibility of new developments. Moreover, the agency sought to balance the competing interests of business, housing advocacy groups, residents and potential developers while considering the economic consequence of the different policies.
STRATEGY & SOLUTION
Veloce Partners reviewed the various provisions and prepared an assessment of the potential financial impacts that could occur by adopting each policy.
Veloce Partners also recommended revised policies that would offer greater
flexibility while maintaining costeffective compliance. Through successful
collaboration with Veloce Partners, the agency has completed and is now
implementing these more effective policies.