Over the past year, Cornerstone Partnership has been working to develop a powerful new online tool, the Inclusionary Calculator, that will allow users to observe how different inclusionary housing requirements and incentives might impact the economic viability of hypothetical development projects. Although it is not a replacement for professional real estate analysis, the Calculator can help policy-makers and advocates understand the economics of inclusionary requirements from the perspective of a market-rate developer.
This webinar is to train people who would like to help pilot the tool. The training will explain how to use the online tool and the basic steps for testing development assumptions, setting reasonable inclusionary housing targets and structuring economically meaningful incentives. Participants should already have a good understanding of financial feasibility and be prepared to provide feedback on the tool after testing it.
Rick Jacobus | Consultant, Cornerstone Partnership
Rick Jacobus is a national expert in inclusionary housing and affordable homeownership. He currently works as a consultant for Cornerstone Partnership’s inclusionary housing work and HomeKeeper app. His former positions include: Director of Cornerstone Partnership, Partner at Burlington Associates in Community Development, Visiting Fellow at the Lincoln Institute for Land Policy, Lecturer in the Department of City and Regional Planning at UC Berkeley, and Senior Program Officer for the Local Initiatives Support Corporation. Rick holds a Bachelors degree from Oberlin College and a Masters of City Planning degree from the University of California, Berkeley.
Paul Peninger | Consultant, Cornerstone Partnership
Paul Peninger is an urban economics consultant specializing in housing policy, development feasibility analysis and real estate transaction support. Before forming his own consulting practice in 2013, Paul was a principal with BAE Urban Economics leading dozens of projects across the US, primarily in Northern California and the Pacific Northwest. As a recognized housing policy expert, Paul has successfully led affordable and workforce housing plans, implementation projects and policy studies for both large and small jurisdictions across the country. In addition to housing, Paul specializes in real estate feasibility analysis and finance spanning the full range of land use and development types. Paul holds a Bachelors degree from the University of California, Santa Cruz and a Master of City Planning degree from the University of California, Berkeley.