Thursday, Jan. 7, 2016

General Session
Thursday, January 7, 2016

Registration & Breakfast
8:00-9:00 am

Welcome Address
9:00-9:10 am

Speakers:
  • Susan Wilson, Novogradac & Company LLP

Keynote Address
9:10-9:30 am
Speakers:
  • Sen. Michael Crapo (R-Idaho)


Article:
By Michael J. Novogradac, Novogradac & Company LLP
Originally Published in the December 2015 Journal of Tax Credits


An Insider's View of Capitol Hill Policy and Legislation
9:30-10:20 am
Experts, who are working with advocates in Congress, provide their outlook on the LIHTC for 2016. Hear about important tax reform proposals, including an update on the inflation-adjusted low-income housing tax credit (LIHTC) and private activity bond caps for 2016.

Speakers:
  • Michael Novogradac, Novogradac & Company LLP (moderator)
  • Rick Goldstein, Nixon Peabody LLP
  • Orlando Cabrera, Squire Patton Boggs (U.S.) LLP
  • David Gasson, Boston Capital Corporation

Break
10:20-10:30 am

2016 Equity Market Outlook
10:30-11:20 am
Listen to experts deliberate the current equity markets. Active investors on this panel will provide insight into the effect of demand on the market, how they are responding to it and ways they are adjusting their outlook and strategies. Hear how our panelists are fine-tuning their expectations and planning to meet their goals in 2016.

Speakers:
  • Dan Smith, Novogradac & Company LLP (moderator)
  • Caryn Chalmers, Dentons
  • Darrick Metz, WNC & Associates Inc.
  • Raoul Moore, Enterprise Community Investment Inc.
  • Jay Segel, R4 Capital LLC
  • Jeff Weiss, Alden Torch Financial
Speaker biographies

Break
11:20-11:30 am
 
Bonds and Beyond—Enhancing Your Deal
11:30 am-12:20 pm
This panel will provide an overview of how development teams can best use tax-exempt bonds and 4 percent low-income housing tax credits (LIHTCs) to finance affordable multifamily rental housing properties.

Speakers:
  • George Littlejohn, Novogradac & Company LLP (moderator)
  • Mike Boyle, City Real Estate Advisors
  • Jim Gillespie, Bellwether Enterprise Real Estate Capital LLC
  • Tammy Ofek, CapM Funding
  • Paul Weissman, Hunt Mortgage Group
  • Cody Wilson, Stifel, Nicolaus & Company Inc.

Novogradac Journal of Tax Credits Developments of Distinction Awards Luncheon
12:30 pm-1:30 pm
Concurrent Session 1

Partnerships-Dealing with Hot Button Issues
1:45-2:45 pm
Interaction and negotiations between developers and investors/syndicators can take various twists and turns. The developers and syndicators on this panel will discuss the hot button issues each party has and how they resolved their issues.

Speakers:
  • Christina Apostolidis, Novogradac & Company LLP (moderator)
  • Marlene Nations, Dentons
  • Victor Sostar, First Sterling Financial Inc.
  • Kelly Boyer, Citi Community Capital
  • Juana Mejia, Catholic Housing Management of Miami

Article:
By Michael J. Novogradac, Novogradac & Company LLP
Originally Published in the November 2015 Journal of Tax Credits


Break
2:45-3:00 pm

Financing the Deal-Real Numbers
3:00-4:00 pm
Financing a LIHTC development requires skill, patience and well-informed choices. Industry experts on this panel will provide a real-world look at the financing for deals that are being closed, the terms that are being negotiated and the make-or-break details required by each party to a transaction.

Speakers:
  • Dirk Wallace, Novogradac & Company LLP (moderator)
  • Janice Hetland, Lathrop & Gage LLP
  • Mark Eidson, Prudential Mortgage Capital Company
  • Philip Melton, Bellwether Enterprise Real Estate Capital LLC

Break
4:00-4:10 pm

Developing an Effective Year 15 Strategy
4:10-5:00 pm
Year 15 planning for a low-income housing tax credit (LIHTC) partnership starts even before the development is placed in service. Our panelists discuss specific issues faced by syndicators, housing finance organizations and affordable housing organizations. Hear the best strategies organizations use to transfer ownership of LIHTC properties in regard to restructuring the ownership of the property, how to keep units affordable and best practices for investor compensation.

Speakers:
  • Brad Elphick, Novogradac & Company LLP (moderator)
  • Cliff McDaniel, ARA National Affordable Housing
  • Stephen Roger, Affordable Housing Preservation Advisors LLC
  • Barry Palmer, Coats Rose

Article:
By Christina Latief and Jim Kroger, Novogradac & Company LLP
Originally Published in the September 2015 Journal of Tax Credits

Concurrent Session 2

Operating Expense Update for LIHTC Properties
1:45-2:45 pm
Hear about regional and national operating expenses, rents and cap rate trends and find out what type of data can help benchmark your portfolio.

Speakers:
  • David Boisture, Novogradac & Company LLP (moderator)
  • John Parreco, National Foundation for Affordable Housing Solutions (NFAHS) Inc.
  • Jennifer Kelly-Seager, U.S. Bank

Break
2:45-3:00 pm

State Issues and QAP Updates
3:00-4:00 pm
Panelists will discuss state LIHTC programs and the issues in putting together qualified allocation plans (QAP) and development underwriting standards. Panelists will also examine states’ complex property tax systems and the matter of removing the value of tax credits from future property assessments.

Speakers:
  • Mark Shelburne, Novogradac & Company (moderator)
  • Daniel Delfino, Alaska Housing Finance Corporation
  • Laurel Hart, Georgia Department of Community Affairs
  • Toni Jackson, Jones Walker LLP

Break
4:00-4:10 pm

Update on HUD Programs
4:10-5:00 pm
Hear updates regarding recent HUD programs, specifically proposed cuts to the HOME program funding, increases in the cap of RAD program public housing units and RAD conversions.

Speakers:
  • Susan Wilson, Novogradac & Company LLP (moderator)
  • Denise Muha, National Leased Housing Association
  • Monica Sussman, Nixon Peabody LLP
  • Stephen Wallace, Institute for Responsible Housing

Article:
By Teresa Garcia, Novogradac & Company LLP
Originally Published in the October 2015 Journal of Tax Credits
Tax Credit Housing Developers Conference Reception
5:00-6:30 pm
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