america’s think tank fortax credit development catalog 2009-10 final.pdf · timmy awards for...

NATIONAL HOUSING & REHABILITATION ASSOCIATION

FA L L | W I N T E R | S P R I N G 2009-2010

Events Catalogue

Developers

Syndicators

Investors

Builders/General Contractors

Property Managers

Market Analysts

Historic Preservation Professionals

Lenders

Architects

Appraisers

Attorneys

Accountants

Federal Housing Officials

State Housing Officials

City Housing Officials

America’s Think Tank for Tax Credit Development

N H & R A E V E N T S C A T A L O G • FA L L | W I N T E R | S P R I N G 2009-2010 • housingonline.com

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We are over 300 companies from all 50 states, the District of Columbia and the Territories.

We are developers, syndicators, investors, market analysts, historic preservation professionals, lenders,architects, appraisers, attorneys, accountants, consultants, state and local housing officials—all devoted toaffordable housing, historic rehabilitation, sustainable/green development and community development.

We are active professionals who enjoy meeting on a regular and timely basis to exchange our experiences inutilizing tax credits and working with federal, state and city government programs to fund new constructionand rehabilitation and to provide homes for working American families.

We are urban and rural pioneers who thrive on the constant changes in the multifamily housing sectorand depend on our professional network to stay informed on new ideas and developments.

We are entrepreneurs in search of the best collaborators to help us fulfill the visions and meet the goals ofour own companies.

We are innovators in creative approaches to financing, imaginative redesign and reuse of existing spaces,nurturing of new markets, and conservation of energy.

We are the members of the National Housing & Rehabilitation Association and since 1971 we have joinedtogether and shared a sophisticated level of expertise that produces an extremely high level of exchange.Each of our own businesses has benefited profoundly from this affiliation.

We invite you to join our organization and get in on the conversation.

Here you will find a comprehensive guide to our organization and our upcoming events.

WHAT IS NH&RA?

NH&RA Fall Developers Forum | Boston, Mass. November 2-3, 2009• “Timmy” Awards for Historic Rehabilitation Presentation & Reception November 2, 2009• Affordable Housing Vision Awards Presentation & Luncheon November 3, 2009Taj Hotel, Boston, Mass.

NCAHMA Multifamily Underwriting Forum November 9-10, 2009& Annual Meeting | Chicago, Ill.Doubletree Hotel Chicago Magnificent Mile, Chicago, Ill.

2010 NH&RA Annual Meeting March 10-13, 2010& Affordable Housing Summit | Miami Beach, Fla.• 2010 Winter New Markets Tax Credit Pre-Conference Symposium March 10, 2010The Ritz Carlton South Beach, Miami Beach, Fla.

C A L E N D A R


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NH&RA Fall Developers Forum......................................................................4• J. Timothy Anderson Awards for Excellence in Historic Rehabilitation • Vision Awards Presentations and Luncheon

NCAHMA Multifamily Underwriting Forum & Annual Meeting..............................4

NH&RA 2010 Annual Meeting & Affordable Housing Summit .............................5• Pre-Conference New Markets Tax Credit Symposium

Upcoming Meeting Discussion Topics ..............................................................6

NH&RA Councils ........................................................................................8• Developers Council• Council for Energy Friendly Affordable Housing (CEFAH)• Historic Preservation Development Council (HPDC)• HOPE VI Developers Council• National Council of Affordable Housing Market Analysts (NCAHMA)• New Markets Tax Credit Council

Communications and Publications ................................................................10• Tax Credit Advisor• HousingOnline Weekly• HousingOnline.com

NH&RA Membership Application ..................................................................11

TABLE� OF CONTENTS

“NH&RA meetings present the most sophisticated discussions of

current credit topics in the industry. I never fail to learn

new information about HUD and the IRS.

The great relationships that I have formed with fellow members

sets NH&RA conferences apart from the usual conference circuit.”

— J E R RY B R E E D , B RYA N C AV E L L P


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NH&RA Fall Developers Forum

and

Timmy Awards For Historic Rehabilitation Presentation & Reception

and

Affordable Housing Vision Awards Presentation & Luncheon

Taj Hotel • Boston, Mass.November 2-3, 2009

Join our active, informed membership for transac-tion oriented discussions, program updates, casestudies and networking.

Additionally, on the evening of November 2, join the leaders of both the historic preservation andaffordable housing fields as we honor their colleagueswith the J. Timothy Anderson Awards for Excellencein Historic Rehabilitation. We will also be hostingour Vision Awards Presentation and Luncheon onTuesday, November 3, honoring leaders for careerachievement in affordable housing.

(For discussion topics, please turn to page 6)

NCAHMA Multifamily Underwriting Forum & Annual Meeting

Doubletree Hotel • Chicago, Ill.November 9-10, 2009

If you are a market analyst, appraiser,debt or equity underwriter or developer,join your colleagues to discuss criticalunderwriting and market study developments in affordable housing.


To register, please go to housingonline.com



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NH&RA Annual Meeting

& Affordable Housing Summit

Ritz Carlton Hotel South BeachMiami, Fla.

March 10-13, 2010

A highlight of each year, our winter resort meeting is a great chance to exchange information, network and have fun. Federal and local government panels,

case studies presentations and industry trends sessions are intermixed with recreational activities and social gatherings. A unique opportunity to get

to know your colleagues in a stimulating and relaxing setting.




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General: Multifamily / Affordable Housing

• State of the Economy and Multifamily Market FF, AMEconomists explore general economic trends and market conditions in various geographic areas.

• Securing Debt Financing In Today’s Changing Market FF, AMDebt markets are changing daily. In particular, refinancing guidelines from Fannie & Freddie seem tobe a moving target. HUD-insured loan products that were out fashion are now in vogue.

• Evolution In the Equity Syndication Market: What Does It Mean for Developers? FF, AM, MUFAre opportunities for developers emerging as a result of recapitalization strategies at major equity syndi-cators? Where is equity coming from today and how have terms changed?

• Acquiring Troubled Properties FF, AMSorting out the issues on troubled bond-financed projects and other deals facing challenges presentsbroad opportunities for those with the right skills and knowledge.

• Stepping Into The Shoes of a General Partner, Acquiring Limited Partner Interests FF, AMForcing out a general partner to save a failing deal as well as acquiring partnership interests and responsibilities are growing aspects of the affordable housing business.

• Raising Equity Outside The Traditional Model: A Tutorial AMArticulate the points that will make your deal attractive to investors and identify target audiences,including community banks, high network individuals, real estate professionals and others.

• Legislative Updates FF, AM, MUFKey topics: Making the LIHTC work in today’s economy, NMTC legislation, housing preservation legislation,HOPE VI/Choice Neighborhoods Initiative, Energy/Climate Change Legislation, FHA Reform, HistoricTax Credit. Plus, a look at the major policy concerns and legislative activities of other industry organizations.

• Managing Insurance Costs Across a Portfolio FFRisk layering your portfolio to maximize coverage and value.

Low-Income Housing Tax Credits (LIHTC)

• Updates On ARRA FF, AM, MUF– TCAP– 1602/Exchange Program – Other Stimulus Programs

• Case Studies: Structuring TCAP and 1602/Exchange Deals FF

• State Allocators Roundtable FF, AM, MUF

• Creative Sources of Gap Financing AMTCAP is only available for this year. State trust funds are drying up. How are developers going to fill the gap?

UPCOMING MEETINGS DISCUSSION TOPICS

View Conference Agendas Online at housingonline.comKEY: Fall Forum FF NCAHMA Multifamily Underwriting Forum MUF NH&RA Annual Meeting AM


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New Markets Tax Credits (NMTC)

• Closing New Markets Tax Credit Transactions In An Uncertain Market AMReal estate and non-real estate case studies.

• State Of The Market For New Markets Tax Credits And Technical Issues Impacting Transactions AMSecuring equity and leveraged debt in NMTC transactions.

• Straightening Out New Markets Tax Credit Deals AMSome well-intentioned urban and rural economic development deals are facing marketability and financial issues in the current environment, creating opportunities for getting them back on track.

HUD Subsidized Housing

• Evaluating Your Options For Properties Financed Under Various HUD & FHA Programs AM

• Considerations Impacting the Recapitalization, Sale Or Acquisition of HUD-Subsidized Properties AM

• Delivering Resident Services Despite A Lack Of Obvious Funding Sources AM

Energy Efficient Housing

• Case Study & Update: Green Retrofit Program and Multifamily Weatherization Projects FF, AM

• Combining Renewable Energy With Affordable Housing AMKey topics: Combining and monetizing solar, geothermal, small wind turbine, etc…with the LIHTC,NMTC and/or Historic Tax Credit.

• Green Certifications: Who Should Be Certified and How It Will Help Your Practice Or Business AM

Market Analysis

• Underwriting Standards In Today’s Marketplace MUFKey topics could include changes in debt coverage ratios, adjusting standards, conversions, and reserve requirements.

• Analyzing the Marketability of Mixed-Use & Live-Work Projects MUF

• Evaluating and Analyzing Economic Vacancy MUFEvaluating economic loss in terms of credit worthiness of tenants and ability to pay rent in a down economy.

• Shadow Market, Foreclosures and the Impact on Occupancy at Tax Credit Properties

Update/Primer on Housing/Real Estate Programs

• Neighborhood Stabilization Program (NSP), New Markets Tax Credits Program, Choice Neighborhoods Initiative AM


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NH&RA focuses on much more than just affordable housing. In an organization whose membership pursues a diverse set of development activities, it is helpful for those who work in specific niche

areas to have regular opportunities to share experiences and knowledge with others who share their interests. To facilitate this, NH&RA has formed several membership councils that

meet separately or in conjunction with our quarterly conferences. Council participation is a critical component of NH&RA membership.

NH&RA Councils have been active advocates on issues and have produced significant work including best practices and industry

standards, draft regulations, white papers, position papers and more.

C U R R E NT N H & R A M E M B E R S H I P C OUNC I L S I NC LU D E :

The Developers Council — A peer network of developers where discussion focuses on topics ofmutual interest, including development opportunities, project ideas, construction, business management,executive compensation, succession and other pertinent issues. Participation in the Developers Council is limited to DEVELOPERS ONLY. Convenes at: NH&RA Fall Forum, NH&RA Annual Meeting

Council For Energy Friendly Affordable Housing (CEFAH) — A working group of some ofthe major owners and managers of affordable housing seeking to achieve policy changes to facilitate owners’ abilities to retrofit and upgrade properties to achieve a higher degree of energy efficiency andutility cost savings. CEFAH has identified areas where significant savings can be found and is working withpolicymakers to obtain regulatory and legislative changes that will make such improvements feasible andpermissible. Items on the CEFAH agenda include adjusting HUD policies governing the use of replacementreserves and residual receipts, establishing a supplemental loan program for energy retrofit financing, andeducating housing officials on which energy efficiency improvements make sense to support. There are supplemental dues for participation in CEFAH. Visit our webite for details. Convenes at: NH&RA Fall Forum, NH&RAAnnual Meeting

Historic Preservation Development Council (HPDC) — A joint effort between NH&RA and the National Trust for Historic Preservation formed in 2001 to focus primarily on how the historicrehabilitation tax credit can be better utilized as a financing source to renovate older properties. HPDCbrings together active participants in certified historic rehabilitation transactions including developers,investors, lenders, government officials, consultants, as well as legal and accounting professionals to discuss the most pressing legislative, regulatory, financial and transactional issues facing the industry and to build consensus on solutions. Since its formation, HPDC has played a significant role in an arrayof legislative and regulatory efforts addressing certified historic rehabilitation. Convenes at: NH&RA FallForum, NH&RA Annual Meeting

NH&RA COUNCILS


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HOPE VI Developers Council — Brings together the most active developers and advisers in HUD’sHOPE VI program to help address ongoing issues with the capitalization and operation of mixed-financeproperties developed under the program. The group is comprised of developers, owners, operators, financiers and consultants involved in public housing redevelopment who get together to discuss the mostpressing legislative, regulatory, financial, transactional and operational issues facing the industry and tobuild consensus on solutions. This council convenes regularly to design solutions to pressing issues facingpublic housing redevelopment. Current topics include the implementation of unit transformation poli-cies, addressing funding shortfalls, program reauthorization and more. Convenes at: NH&RA Fall Forum,NH&RA Annual Meeting

National Council of Affordable Housing Market Analysts (NCAHMA) — A cadre of leading market study professionals organized to address the need for uniform standards. Since its creation,National Council of Affordable Housing Market Analysts has been setting the industry standard for realestate market research and analysis. NCAHMA works to bring accountability and consistency to marketstudies for affordable housing properties and other residential real estate. Created to provide a peer network among real estate market analysts and underwriters who focus part of their practice on affordablehousing properties, NCAHMA is a membership council within NH&RA devoted to education, information,and resource sharing. NCAHMA works to increase awareness of benefits and value of properly conductedmarket analyses. Convenes at: NCAHMA Annual Meeting

New Markets Tax Credit Council — Brings together active participants in new markets tax credittransactions including CDE executives, investors, developers, lenders, government officials, consultantsand legal and accounting professionals to discuss legislative, regulatory, financial and transactional issues facing the industry and to build consensus on solutions. The Council is an active advocate for theextension of the of the New Markets Tax Credit program on Capitol Hill and meets regularly with keyU.S. Department of Treasury staff. Additionally, the Council hosts New Markets Tax Credit Symposiatwice a year and convenes regularly via periodic face-to-face meetings and monthly conference calls.Convenes at: NH&RA Annual Meeting


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HousingOnline.com is National Housing & Rehabilitation Association’s online resource for indepth information covering federal and state housing programs, historic rehabilitation, new markets taxcredits, community development and renewable energy. Updated daily, HousingOnline.com providesinsights on key industry happenings, legislative and regulatory reports, available funding resources andexclusive updates on NH&RA’s events, Council activities and advocacy efforts. Find out what you’ve beenmissing out on. Visit HousingOnline.com today!

HousingOnline Weekly is NH&RA’s dynamic weekly e-newsletter. Delivered straight to your inboxevery Wednesday, our newsletter compiles each week’s relevant news stories from dozens of prominentsources you would never have time to check yourself. Whether you’re looking for housing tax credits,HUD program information, upcoming industry events, or new funding opportunities, you’ll get it fromHousingOnline Weekly. Our Weekly makes your job easier by delivering a birds-eye view of the nation’s hous-ing industry directly to your desk. HousingOnline Weekly is free! Sign up at HousingOnline.com.

Tax Credit Advisor is the must-read subscription publication published since 1990 for professionalsin the affordable housing, historic preservation, and community development fields. It’s the only national publication that provides readers — every month and in one convenient place — in-depth coverageof federal and state low-income housing, historic rehabilitation, and new markets tax credits. Tax CreditAdvisor provides a mix of breaking news, trend analysis, expert advice, and project case studies to helpreaders successfully develop, finance, manage, market and, invest in tax credit projects, and to keep upwith new developments in the area of green building. Written by seasoned journalists and industryexperts, articles are in plain English, with key details. Tax Credit Advisor subscibers are the leaders in theirfields, and include developers, housing finance agencies, policy makers, nonprofits, and the other professionals involved in tax credit transactions — syndicators, lenders, attorneys, investors, accountants,market analysts, consultants, and others.

COMMUNICATIONS AND PUBLICATIONS

Tax Credit Advisor S U B S C R I P T I O N O R D E R F O R M

Yes! I want to sign up for a 12-month subscription to the Tax Credit Advisor

PAY M E NT I N FO R M AT I O N

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P L E A S E R E T U R N TO :Tax Credit Advisor1400 16th St., NW, Suite 420 • Washington, DC 20036Ph. 202.939.1793 • Fax 202.265.4435 Credit card orders may be faxed. Questions? Call 202-939-1790.

S U B S C R I B E R I N FO R M AT I O N

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$199 FIRST-TIME SUBSCRIBER RATE. $329 THEREAFTER.* DC Residents please add 5.75% sales tax. ($210.44 total)


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Membership is by firm or organization; all employees are entitled to discounts on conference registration fees and publications. Each member firm designates one individual as its Primary Delegate, who is the principal contact for themembership and has the option of designating Alternate Delegates who also receive all membership mailings.

S E L E C T M E M B E R S H I P

Choose 1 Membership Categories Category Description Annual Dues

❑ Board Member Board membership is by invitation only. $2,200/person

❑ Full Member Firms directly involved in development, contruction, syndication, $1,750/firmdebt financing, ownership or management of real estate.

❑ Associate Member Firms that provide goods or services to firms eligible for Full Membership. $1,250/firm

❑ Public Member Governmental bodies or community-based non-profit organizations involved $450/firmwith real estate development or finance.

❑ Alternate Delegate(s) An alternate contact at a member firm who will receive their own copies of $0/personAssociation communications.

NH&RA MEMBERSHIP APPLICATION

P R I M A RY D E L E G A T E I N F O R M A T I O N

Firm

First Name Last Name

Address

City State Zip

Telephone Fax

Email

Web site

Council Interest(s):❑ Developers Council (Developers Only)❑ Historic Preservation Development Council❑ National Council of Affordable Housing Market Analysts❑ New Markets Tax Credit Council❑ HOPE VI❑ CEFAH

A L T E R N A T E D E L E G A T E I N F O R M A T I O N

Firm


Address

City State Zip

Telephone Fax

Email

Web site


A D D I T I O N A L D E L E G A T E I N F O R M A T I O N

Firm


Address

City State Zip

Telephone Fax

Email

Web site


P A Y M E N T I N F O R M A T I O N

Total Amount Enclosed: $ ____________________________❑ Check Payable to NH&RA❑ Visa ❑ MasterCard ❑ AmEx

Card Number

Security Code Exp. Date

Name on Card

Signature

Return with payment to:

1400 16th St. NW | Suite 420 | Washington, DC 20036 202-939-1750 | Fax: 202-265-4435

“NH&RA’s recent Summer Institute was designed to promote interaction with tax credit industry professionals in a relaxed, educational and recreational setting.

The quality of the speakers and the creative use of time for networking during recreational activities far exceeded my expectations. I plan to go again.”

— J O H N L E I T H - T E T R AU LT, NAT I O NA L T RU ST C O M M UN I T Y I N V E ST M E NT C O R P O R AT I O N

“I have always enjoyed this conference as compared to all of the others I go to. The attendees aresome of the brightest, most engaged people that represent this industry. The attendance is

not overwhelming in numbers but just the right scale to foster more intimate networking andknowledge exchange. There is a feeling of camaraderie at NH&RA conferences that I don’t feel

at other events. Having been in the business now for the last 30 years, this event has allowed meto re-engage with people who have grown in the business with me, and also to see many of

the mentors who have helped me understand our industry so I could be successful. It is not veryoften you go to panel sessions where the people in the audience are as knowledgeable and

experienced as the presenters, which make for a very unique exchange of technical expertise.”— M A R K M C DA N I E L , G R E AT L A K E S C A P I TA L F UN D

“This was the first NH&RA event that I attended, though many people in the industry had highly recommended these conferences to me in the past. They were right that it was

especially informative and memorable, with participants who obviously wrestle with very tangible yet innovative development challenges on a daily basis.”

— C A S I U S P E A L E R , U S G R E E N B U I L D I NG C OUNC I L

“The information from the various participants, including attorneys, HUD, the USGBC,and the State Allocating Agencies gave us insight as to how to continue to refine our programs, and to learn from others what works. The ability to interact with investors

and syndicators was also extremely valuable, so we could understand their interests and needs aswell as discuss ongoing policy issues that are worthy of consideration.”

— M A R G E D E L L AV E C C H I A , P P, A I C P, E X E C U T I V E D I R E C TO R , N J H OU S I NG A N D M O RTG AG E F I NA NC E AG E NC Y

National Housing & Rehabilitation Association | 1400 16th Street, NW | Suite 420 | Washington, DC 20036Tel: 202-939-1750 | Fax: 202-265-4435 | www.housingonline

IN THEIR OWN WORDS

america’s think tank fortax credit development catalog 2009-10 final.pdf · timmy awards for...

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