educational agenda - 2012 texas housing conference

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Education + Exhibitsjuly 23 - 25, 2012 four seasons hotel austin, texas

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MONDAY - JULY 23, 20129:30 am - 1:00 pm New Markets Tax Credits 101 (lunch included)9:30 am - 1:00 pm Tax Credit Workshop (lunch included)1:00 pm Conference Registration Open2:00 - 3:00 pm TAAHP Annual Membership Meeting 3:00 pm Exhibits Open3:30 - 5:00 pm Opening Session5:00 - 7:00 pm Opening Reception (Wine Tour)

TUESDAY - JULY 24, 20127:00 am Registration Desk Open7:30 - 8:30 am Fruit & Donuts8:30 - 9:45 am Breakout Sessions9:30 am - 7:00 pm Exhibits Open9:45 - 10:15 am Refreshment Break10:30 - 11:45 am Breakout Sessions12:00 - 1:30 pm Luncheon (Hilton Hotel)1:45 - 3:00 pm Breakout Sessions3:00 - 3:30 pm Refreshment Break3:30 - 4:45 pm Breakout Sessions5:00 - 7:00 pm Closing Reception

WEDNESDAY - JULY 25, 20128:00 am Registration Desk Open 8:00 am Breakfast8:00 am Registration Desk Open 8:30 - 9:30 am One on One with the Texas Department of Housing and Community Affairs (TDHCA) Leadership Team9:30 - 10:30 am Federal and Legislative Issues from our Nation’s Capitol10:30 - 11:30 am Washington Wire11:30 pm Conference Adjournment12 - 7:00 pm Spa Day (see below)1:30 pm Mike Lankford Memorial Golf Tournament (Onion Creek Club)

TheTexas Housing Conference is hosted by

schedule at-a-glance

SCHEDULE AT-A-GLANCE

20% off spa day services(Offer valid 7/21 - 7/28, 2012)

To make a reservation call 512.685.8160 and tell them you are with the Texas Housing Confrence.

(Several packages available)

To make a reservation call 512.542.3626 or send an email to [email protected]

and mention you are with the Texas Housing Confrence.

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board of directors

First Row (left to right)President Antoinette M. “Toni” Jackson, Immediate Past President Dan Markson, President Elect Barry Kahn

second Row (left to right)Vice President Nicole Flores, Vice President George Littlejohn, Treasurer Justin MacDonald, Secretary Mahesh Aiyer

third Row (left to right)Directors: Sarah Anderson, Terrri Anderson, R.L. “Bobby Bowling IV, Dennis Hoover, Joy Horak-Brown,

fourth Row (left to right) Darrell G. Jack, David Mark Koogler, Mark Mayfield, Jeffrey Spicer, Jerry Wright

EX-OFFICIO (not pictured)Edwina Carrington, Mike Clark, JOT Couch, Granger MacDonald, Diana McIver, Linda McMahon, Mike Sugrue

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Dear Members, Colleagues and Friends,

Welcome to the 2012 Texas Housing Conference. We are very excited to come together once again to share information and ideas while also addressing some of the challenges that we currently face in the housing industry. During this conference, you will hear from leading industry experts on topics rang-ing from the State of the Market, Green Building, Compliance and New Markets Tax Credits. Our Conference Committee has set up an educational grid that assures that we will address issues of both current and future concern. Additionally, we will re-ceive updates from Washington and national inves-tors that provide insight on legislative and financial direction for the housing market.

The Texas Affiliation of Affordable Housing Providers (“TAAHP”) is the leading organization of affordable housing professionals in the State of Texas repre-senting the affordable housing industry. TAAHP is dedicated to working for laws, policies, regulations and programs that are vital for the development of quality affordable housing for all Texans. A few years ago, this message was adopted by our board and continues to be evidenced through the growth of our membership and the attendance at this confer-ence.

In recent years, our industry has been faced with market fluctuations and legislative challenges. These issues have created a level of uncertainty in our industry. However, even with all of these chal-lenges, our developers and housing professionals have continued to work hard to address the need for quality affordable housing. TAAHP works hard to represent our industry and serve as a collective voice in responding to these challenges.

TAAHP has also worked to provide additional ser-vices to our members. This year, TAAHP initiated the Quarterly Luncheon which has proven to be a huge success. The Quarterly Luncheon has al-lowed us the opportunity to showcase our proper-ties while having discussions and updates with lo-cal housing officials in cities across the state. We are hoping to expand on these luncheons by also inviting more elected officials and other members of the community so that we can use the Quarterly Luncheon as a tool to demonstrate the quality of our developments and advocate for our industry.

TAAHP has also continued to work in partner-ship with TDHCA, HUD and others by continuing

to participate in discussions regarding regulatory and practical changes. TAAHP has provided input on issues related to the recent AG opinion, HUD Fair Housing Regulations and continues to have ongoing discussions on the QAP. TAAHP has also worked with other organizations to provide a col-lective voice on industry issues.

There is always more work to be done but TAAHP has shown that it is up for the challenge. Each of us on the board works hard to represent you and serve as the voice of the industry. We thank you for the opportunity to serve you.

We hope that you enjoy the 2012 Texas Housing Conference and continue to participate with us in other activities over the upcoming year.

Very truly yours,

Antoinette M. “Toni” JacksonPresident, TAAHP

Providing housing for Texans for over 15 years.

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iDear Conference Partners and Attendees,

It is with both excitement and pleasure that I wel-come you to THC 2012. You asked, we listened, and you came: The 2012 Texas Housing Conference continues to grow in numbers and successes. Our attendee list spreads throughout the USA from the northwest to the southernmost tip of the southeast across the fruited plain to the far west. Other asso-ciations inquire as to THC’s success secret as they experience decline in participation and attendees. Our response, it is you that bring the answer to Aus-tin every July.

We asked, you listened and told us about the is-sues and challenges on your horizon. Through Texas Housing Conference’s new sponsorship and underwriter program we have been able to attract qualified resources from across the country to par-ticipate in your educational sessions.

The 2012 Conference hotel room block sold out in early April; the exhibit hall spaces maxed out by the end of March. We had to move the debt and equity panels and the conference luncheon to the Hilton Hotel. We simply outgrew the Four Season’s capacity. In order to accommodate you, we are providing four 32 seat shuttle busses between the Four Seasons and the Hilton’s special Texas Hous-ing Conference’s boarding area. On Thursday, the buses will run every 15 minutes between 9:45am and 3:00pm providing prompt service for the two pan-els, the Conference luncheon and back to the Four Seasons.

The affordable housing industry is facing a myriad of challenges in the months ahead. What will Con-gress do with the Housing Tax Credit Program and will it continue to work for us? What is the outfall from the ICP –v- TDHCA litigation and will the Federal Court’s final order not only address an is-sue that originated in Dallas, but throw a negative blanket over the remaining 253 counties adversely affecting the tax credit industry across the State of Texas? And will the profile and interests of the new Texas Legislature significantly change after the November general elections? Unfortunately this list grows daily.

The 2012 Conference educational block, designed by conference Co-Chairs Nichole Flores and Bob-by Bowling, you and staff, has reached across the vast resource bank and pulled together unique sessions addressing the major concerns affecting

our business climate. We have brought new life to the standard sessions and added new topics. By popular demand we are bringing back the Wash-ington Wire and added a new feature: housing is-sues from two perspectives; leading Democrat and Republican Washington attorneys will discuss na-tional housing policies. A panel of TAAHP members who are actively involved in the Washington policy scene will lead into the Washington Wire session making Wednesday morning and the brunch a dy-namic closing to the conference.

Thank you for making the 2012 Texas Housing Con-ference such a success. This is your conference; connect, network, learn and enjoy.

Jim T. BrownExecutive Director, TAAHP

WELCOM

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www.texashousingconference.org

texashousingconference

Where Housing Professionals ConnectNetworking Education Industry Trends Exhibits

issue 2, 2011 July

Discovering Support Services

A single mother’s success story 20

Housing’s New Reality

Update on Texas housing market 34

Legislative Brunch

Housing stakeholders engage 100 Housing Spotlight, page 56

View award-winning affordable

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across the State of Texas

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Texas Housing Conference 2006:

The Winds of Change

July 26 - 27, 2006

Hosted by The Texas Affiliation of Affordable Housing Providers

COVER PHOTO TAKEN BY BILL WENSON, PRESIDENT, WENSON & ASSOC., INC.

Texas Housing Conference 2007

Under Construction:

Affordable Housing Partnerships

July 30 - August 1, 2007

Hosted by

Cover photo provided by SGI Ventures, Inc. Cover Photo taken by Sally Gaskin

Texas Housing Conference 2008

Building the Bottom line

July 28 -30, 2008

Cover photo provided by SGI Ventures, Inc.

Cover Photo taken by Tom McConnell of Thomas McConnell Photography

Hosted by:

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iIt’s a pleasure to welcome our many friends and col-leagues from across the nation’s housing industry back to Austin for the annual Texas Housing Con-ference -- the premiere event in the Southwest each year focused on best practices in creating and maintaining decent, safe and affordable housing. With each year brings much success in providing a variety of housing options to those most in need across Texas and surrounding states throughout the Southwest. However, the challenges from the economic turmoil in recent years leaves us with the continued need to act with one voice in addressing the legislative issues facing our industry on both the local and national level. More than ever, we need to come together in a common goal of advocacy and improvement aimed at solidifying long-term funding sources and ensuring that housing gets an equal place at the table with other core economic growth engines.

The opportunities to get involved are endless – sim-ply walking through the lobby of the beautiful Four Seasons Hotel generally results in more than a few handshakes and business cards exchanged at al-most any hour during the conference. In addition, again this year we have strived to work with the best and brightest in the industry to put together an educational grid including panels and network opportunities for most of the core issues facing developers, lenders and the various constituent groups. Beyond the core business issues, the con-ference also provides for the very latest in updates on the state and national political front, including updates on critical legislation, changes to Federal programs, etc. Following the Washington Wire on Wednesday morning, join a foursome out at Onion Creek for the 2nd annual Mike Lankford Memorial Golf Tournament or join the spa crowd for some cooler and relaxing indoor down time.

After years of tireless advocacy by many in our in-dustry, the task at hand remains as critical as ever. We must ensure that our voices continue to be heard as tireless advocates for our industry. We must arm ourselves with knowledge and a tool-box sufficient to complete not only the projects at hand in each of our development shops, but also to compete at the State and Federal level for the critical resources necessary to ensure our projects compete successfully and achieve a closing. On behalf of TAAHP, we have endeavored to provide a comprehensive look at all of the issues facing our agenda. Of course, we always welcome feedback from within the development/advocacy community

and look forward to your comments from the ses-sions and overall conference. Of course, we also look forward to welcoming old friends and meeting new ones, so if you’re new to Texas or to this con-ference circuit, please introduce yourself and let us know how we can help to improve your networking and learning at this and future events.

Sincerely,

K. Nicole Flores & R.L. “Bobby” Bowling IV Conference Co-Chairs, TAAHP

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special eventssp

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ents

monday, july 23, 2012

Opening Session: 3:30 - 5:00 pm

Opening Reception: 5:00 - 7:00 pm

Wine Tour : 5:00 - 7:00 pm

[ Booth 2 ]

[ Booth 41 ]

[ Booth 34 ]

[ Booth 18 ]

Tuesday, july 24, 2012

fruit & donuts : 7:30 - 8:30 am

morning refreshments: 9:45 - 10:15 am

luncheon { hilton hotel }: 12 - 1:30 pm

afternoon refreshments: 3:00 - 3:30 pm

closing reception: 5:00 - 7:00 pm

breakfast: 8:00 am

wednesday, july 25, 2012

Other contributions

to the Texas

Housing Conference

Bank of America Merrill LynchConference

Bags+

Save the Date Postcard

City Real Estate AdvisorsWater Bottles

+Lanyards

CitiConference

Bag Gift

Education Track Partners

Current IssuesBank of America

Merrill Lynch

Future MarketsChase

MoneyCity Real

Estate Advisors

Compliance Issues

Reznick Group, P.C.

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education

MONDAY 9:30 AM - 1:00 PM

Tax Credit WorkshopRoom: San Jacinto Ballroom East

SpeakersEdwina Carrington, CHK Enterprises, LLCDiana McIver, DMA Development Co., LLC

The Housing Tax Credit program is the na-tion’s largest producer of affordable hous-ing and one of the most complex financing programs to learn. Join us for this dynamic session and learn what a tax credit is, who purchases credits, what you can build under the program, and a profile of the people who will live in these multifamily communities.

The role of the allocating agency, the devel-oper/builder, the lender, and the investor in a successful development will be discussed. Join us as we explore a typical tax credit transaction where you will walk through the reservation process and the placed-in-ser-vice date.

MONDAY 9:30 AM - 1:00 PM

New Markets Tax Credits 101Room: Stones Crossing

SpeakersAlan Kinnard, CHK Enterprises, LLCKevin Goldsmith, Chase

The NMTC Program was created as part of the Community Renewal Tax Relief Act of 2000 to offer investors a federal tax credit for making qualified investments such as loans and capital investments in businesses and projects in underserved areas. By mak-ing an investment, the investor can receive a tax credit worth 39% of the initial invest-ment, distributed over seven years. Join two NMTC experts for an in-depth look at these special credits and gain valuable insight into the program history and its evolution. Find out who the players are and what their roles are. Kevin and Alan will take you through the tax credit pool, the application process and the award process.

They will present a working example and take a look at the timing and funding com-mitments necessary to get the deal done. If you have ever wanted to use NMTC’s, don’t miss this invaluable session on how to find allocations, the average size of the awards and who you need on your team to make it happen!

monday, july 23, 2012

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refreshment break

money

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tuesday, july 24, 2012Session Track

State of Market Rate Financing - The Hunt for the Right Opportunity (p. 96)

Location: Four Seasons Hotel Room: San Jacinto Ballroom West

Bonds (p. 96)

Location: Four Seasons Hotel Room: Stones Crossing

7:30 - 8:30 am

8:30 - 9:45 am

fruit & donuts breakfast [ four seasons ballroom ]

future markets

9:45 - 10:15 am sponsored by

Year 15 - A Whole New Experience (*) (p. 97)

Location: Four Seasons Hotel Room: San Jacinto Ballroom East

10:30 - 11:45 am Equity - Straight Talk (p. 98)

Location: Hilton HotelRoom: 400/402 (4th Floor)

Where do Cities Invest & Why? (p. 98)


Social Services - Making the Connection (p. 99)


luncheon [ hilton hotel ]12 noon - 1:30 pm sponsored by

Debt - Stepping Up to the Plate (p. 102)

Location: Hilton HotelRoom: 400/402 (4th Floor)

HUD Updates & Opportunities (*) (p. 102)

Location: Four Seasons HotelRoom: San Jacinto Ballroom East

Getting the Deal Done Right! An Indepth Look with Non-Profits & Public Housing Authorities (p. 103)

Location: Four Seasons Hotel Room: Little Colony

1:45 - 3:00 pm

3:00 - 3:30 pm refreshment break sponsored by

Leader to Leader - Straight Talk from the Top (p. 104)

Location: Four Seasons HotelRoom: San Jacinto Ballroom East

Opportunities in New Markets Tax Credits, Renewable Energy, and Historic Tax Credits (p. 105)


Getting the Most from Your Third Party Partners (p. 105)

Location: Four Seasons HotelRoom: Stones Crossing

3:30 - 4:45 pm

5:00 - 7:00 pm sponsored byclosing reception

complimentary shuttle service to + from the Four Seasons Hotel and Hilton Hotel between 9:30 am - 3:30 pm

educ

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sponsored by City Real Estate Advisors

sponsored by Chase

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education

compliance issuescurrent issues energy + social media

Year 15 - A Whole New Experience (*) (p. 97)


Compliance Issues - Trouble in Paradise (p. 97)


Social Services - Making the Connection (p. 99)


Recent Legal Issuesin Housing and Development (*) (p. 99)

Location: Four Seasons HotelRoom: Little Colony

Getting the Deal Done Right! An Indepth Look with Non-Profits & Public Housing Authorities (p. 103)


A Look Inside the 2012 - 2013 QAP (*) (p. 103)

Location: Four Seasons HotelRoom: San Jacinto Ballroom West

Crowdsourcing (p. 100)


Innovative & Efficient Natural Gas Technologies Add to Your Bottom Line (p. 104)


Getting the Most from Your Third Party Partners (p. 105)

Location: Four Seasons HotelRoom: Stones Crossing

Recapture is Not a Four Letter Word (p. 106)

Location: Four Seasons HotelRoom: Little Colony

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Four Seasons HotelUpper Level: Little Colony, Stone’s Crossing, WaterlooLower (Lake) Level: San Jacinto Ballroom East & West

Hilton Hotel4th Floor: Room 400/402

Room locations

education

sponsored by Bank of America Merrill Lynch

sponsored by Reznick Group, P.C.

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TUESDAY 8:30 - 9:45 AM

State of Market Rate Financing - The Hunt For the Right OpportunityRoom: San Jacinto Ballroom West

ModeratorGranger MacDonald, MacDonald Companies

PanelistsMike Backman, AmeriSphere MortgageChris Bergmann, ARA Affordable HousingMark Ragsdale, PNC Real Estate

It is clear that traditional financing can be challeng-ing. We need banks! What do private and institu-tional debt and equity sources really want? Banks are returning to the housing sector but it is not the same as before and the money is more expensive. If you are in the hunt for new sources of financing, join us for an interesting and lively discussion on where the money is and how you can get it!

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BondsRoom: Stones Crossing

ModeratorJerry Wright, Dougherty & Co.

PanelistsDavid Danenfelzer, Texas State Aff. Housing Corp.Jim Shaw, Capital Area Housing Finance Corp.Cody Wilson, Merchant Capital

A review of the increasing role of bond finance in creating affordable housing continues to heat up. Bond financed developments and the 4 percent Low-Income Housing Tax Credits (LIHTC) have nev-er been as attractive to investors as the 9 percent program has been because the risks and losses are traditionally greater. This session will provide an overview of some creative financing techniques available to limit negative arbitrage due to the unique current interest rate environment.

future markets

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education


Year 15 - A Whole New Experience (*)Room: San Jacinto Ballroom East

ModeratorMike Sugrue, Silverleaf Companies

PanelistsCynthia Bast, Locke Lord, LLPTodd Crow, PNC Real EstateJeff Kunitz, Marcus & MillichapChris Thomas, Reznick Group, P.C.

The National Council of State Housing Agencies estimates over 80,000 Low-Income Housing Tax Credits (LIHTC) units will reach Year 15 in the US in 2012. This panel will cover the strategies and deci-sions that will prepare your Post Year-15 property for success. Panel members will examine the oppor-tunities and legal challenges facing owners of ma-turing tax credit communities. The panel will also explore how to maximize the tax credit property’s value in Year 15 and other financial and legal issues necessary to better serve your tenants and prop-erty including amending the recorded Land Use Restriction Agreement (LURA). Additional topics include how to calculate a qualified contract price and exercising the right of first refusal. If you have a property nearing Year 15, you won’t want to miss this session.

*Pending CLE Credit


Compliance Issues - Trouble in ParadiseRoom: Little Colony

ModeratorGeorge Littlejohn, Novogradac & Company LLP

PanelistsGarrick Gibson, Reznick Group, P.C.Nancy Morton, Dauby O’Connor & ZaleskiPatricia Murphy, Texas Dept. of Hsg. and Com. Aff.

Compliance issues are often complex and confus-ing. Gain a better understanding of the compli-ance problems you will face during lease-up and on-going operations. Attendees will learn about the multiple building election and other 8609 tax elections that influence your ability to transfer ten-ants, avoid re-certification and meet your minimum set-aside test. Also, learn what happens during a previous participation review and gain a better understanding of “Material Noncompliance”. The panel members will also touch on the 45-day rule and income limits.

compliance issues

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TUESDAY 10:30 - 11:45 AM

Equity - Straight TalkRoom: 400/402 (Hilton Hotel)

ModeratorNicole Flores, City Real Estate Advisors

PanelistsSam Ganeshan, Hudson Housing CapitalDaniel Kierce, RBC Capital MarketsGary Robinson, Raymond JamesEric Trucksess, Centerline Capital Group

Where will your equity financing come from for your next tax credit development? Our panel of experts will take a look at the sunset of the flat 9% appli-cable percentage rate and how investors are going to handle this change in the future. Panel members will discuss pricing, current trends and market con-ditions. Learn what equity providers currently con-sider significant issues in providing tax credit equity and how tax reform will affect the current lending environment. Come prepared with your tough questions in this interactive session with some of the leading tax credit equity providers in the nation.

money

TUESDAY 10:30 - 11:45 AM

Where do Cities Invest & Why? Room: San Jacinto Ballroom East

ModeratorJustin MacDonald, MacDonald Companies

PanelistsBernadette Mitchell, City of Dallas Housing & Community Srvcs. Dept. Eta Paransky, Houston Housing AuthorityBetsy Spencer, City of Austin Hsg Finance Corp.Bob Salas, City of San Angelo Neighborhood & Family Srvcs Dept.

This panel will give you insight into how a city sets their goals and their vision for growth. Each city has assets that they need to utilize like light rail or infill development tracts. Most cities have desig-nated “Areas of Opportunity” and look for higher density and a better mix of housing. City leaders and staff are sensitive to the needs of the lower to moderate income neighborhoods and often con-centrate on these areas for redevelopment. Get a unique perspective on how to maneuver City Halls and the politics of the community and get straight talk on how to get your deals done.

future markets

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TUESDAY 10:30 - 11:45 AM

Social Services - Making the ConnectionRoom: San Jacinto Ballroom West

ModeratorJOT Couch, Inter-Faith Group

PanelistsRoland Broussard, RealTex DevelopmentMike Clark, Alpha Barnes Real Estate ServicesJennifer Gonzales, Alamo Area Mutual Hsg. Assoc.

Enriching, empowering and providing the support-ive services needed in today’s affordable housing communities can sometimes be difficult to execute. According to Texas Department of Housing & Com-munity Affairs (TDHCA), the inability of owners and managers to deliver and document the services they promised has become the predominant find-ing of non-compliance in the state. This panel will offer solutions and best management practices as well as provide ideas for services that are needed and work in today’s current economic environment.

TUESDAY 10:30 - 11:45 AM

Recent Legal Issues in Housing and Development (*)Room: Little Colony

ModeratorToni Jackson, Coats l Rose

PanelistsCynthia Bast, Locke Lord, LLPMark Foster, Law Office of Mark D. FosterJohn Shackelford, Shackelford Melton & McKinley

This esteemed panel will discuss and provide up-dates on recent legislation and lawsuits impacting the housing practice including the recent

Texas Supreme Court case on ad valorem tax ex-emptions as well as the ongoing federal ICP law-suit. The panel will review recent changes to Fair Housing regulations and its impact on the state al-location process. The panel members will also ex-plore legal issues using housing credits to promote supportive housing as a long term care alternative. The panel will also discuss the non-profit ‘material participation’ and explore ethical issues related to the affordable housing industry. Bring your tough-est questions and concerns to this group of legal experts!

*Pending CLE Credit

compliance issues

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CROWDSOURCING: CREATE COMMUNITY, BEFORE BUILDING A COMMUNITY

energy + social media

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CrowdsourcingRoom: Stones Crossing

presenterStephanie Darden, FDG { creative }

Take it to the people. That’s what crowdsourcing is all about. Explore the role crowdsourcing strategies are taking in shaping communities from names to land use/planning to determining what type of re-tailer is best suited for a specific commercial space. This presentation will emphasize the tools and re-sources to facilitate crowdsourcing as well as the benefit it has in brand building at a developer and community level.

complimentary shuttle service to + from the Four Seasons Hotel and Hilton Hotel between 9:30 am - 3:30 pm

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TUESDAY 1:45 - 3:00 pm

HUD Updates & Opportunities (*)Room: San Jacinto Ballroom East

ModeratorToni Jackson, Coats l Rose

PanelistsRay Landry, Davis-Penn MortgageMonica Sussman, Nixon Peabody Theodore Toon, U.S. Dept. of HUD

Policy changes happening within the Housing and Urban Development (HUD) Department will be shared during this dynamic session. HUD is com-mitted to the preservation of its low income housing inventory and is launching programs to facilitate the financing of affordable communities across the nation. This panel will explore any recent changes in HUD regulations and the signing of the three-year waiver for Low Income Housing Tax Credit (LIHTC) transactions. Secretary Donovan has the Rental Assistance Demonstration as a top priority and there is new 811 Pilot regulation of interest to non-profit organizations and their developer part-ners. This panel will also provide insight into the new 202 Prepayment rules and the new guidance allowing the three year Qualified non-profit waiver for the mark to market projects.

*Pending CLE Credit


Debt - Stepping Up to the PlateRoom: 400/402 (Hilton Hotel)

ModeratorDavid Saling, Chase

Panelists Jason Aldridge, Wells FargoFrank Brown, Citi Community CapitalValerie Williams, Bank of America Merrill LynchJohn Yochum, Capital One

Does it seem that financing a deal has gotten more complicated? Come discuss and hear about real estate financing in today’s current economic cli-mate. Changes are occurring daily in the financ-ing arena. Points of discussion will include balance sheet vs. non-balance sheet lending, recourse vs. non-recourse notes. Panel members will take a look at guarantor liquidity and net worth as well. They will also discuss the debt service coverage test, loan to value tests, interest rates, fees that are increas-ing and more. This session will help you navigate through the financing maze today and determine what is best for your deal.

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Getting the Deal Done Right! An In-depth Look at Working with Non-Profits & Public Housing AuthoritiesRoom: Little Colony

ModeratorMahesh Aiyer, Community Bank of Texas

PanelistsNaomi Byrne, Housing Authority of TexarkanaMacy Kislinsk, National Equity FundMark Mayfield, Texas Housing FoundationMichelle Norris, National Church Residences

If you have ever wanted to work with a Housing Authority on structuring a Low Income Housing Tax Credit (LIHTC) transaction that includes pub-lic housing units, an operating subsidy, and capital funds- or if you’ve got a yen for difficult “preser-vation” deals and want the nonprofit perspective --don’t miss this session! The panelists will present Texas case studies on recent transactions as well as the syndicator’s underwriting requirements for Public Housing Mixed Financed Transactions. This will be an intensive “hands on” session.

currentissues


A Look Inside the 2012-2013 QAP (*)Room: San Jacinto Ballroom West

ModeratorSarah Anderson, S2A Development Consulting

PanelistsDiana McIver, DMA Development Co., LLCBarry Palmer, Coats l RoseLisa Stephens, Pinnacle Housing Group

The 2012-2013 QAP has been a hot topic for afford-able housing industry leaders. This session will re-view the 2012 round and what worked and didn’t work for the Applicants. Texas Affiliation of Afford-able Housing Providers (TAAHP) members have worked diligently to build a consensus and our de-velopers, consultants, attorneys, property manage-ment and construction companies, syndicators and investors have weighed in.

This session will review the ICP lawsuit and recent request to the Texas Attorney General and its po-tential impact on the 2013 application round and touch on what the legal briefs and responses mean to the development community. Comments, ques-tions and concerns from this session will be used as the first step in the formulation of TAAHP’s 2013 QAP comments and any potential legal issues raised. Attend this session and join the ongoing discussion of these critical issues.

*Pending CLE Credit

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Innovative and Energy Efficient Natural Gas Technologies Add to Your Bottom LineRoom: Stones Crossing

presenterMargaret von Flatern, Texas Gas Alliance

In this session, attendees will learn how natural gas and renewable energies fuel technologies, such as high-efficiency solar and natural gas water heating systems and gas heat pumps. These technologies will drastically increase a building’s efficiency and decrease energy costs for tenants and building operators. Case studies of properties that have utilized such technologies will be presented. Con-sumers today are much more saavy about energy efficiency. Find out why gas is the right choice for your communities.


Leader to Leader - Straight Talk from the TopRoom: San Jacinto Ballroom East

ModeratorJames Feild, Bank of America Merrill Lynch

PanelistsLeila Ahmadifar, Citi Community CapitalPriscilla Almodovar, ChaseJoe Hagan, National Equity FundJeff Whiting, City Real Estate Advisors

Join these leaders for a macro level discussion of our economy today. Insurance companies have made up at least half of the investor base for tax credits the past three years. These companies are backing up on yield requirements and in some cases exiting the market entirely. Why? The easy answer is a decrease in tax liability due to earnings which is due to lower interest rates. Find out why price is irrelevant. This panel will also discuss tax reform, the biggest risks in tax credit lending and investing and what is happening with government- sponsor enterprise’s today. Get a view from the top players in the affordable housing arena as we look to the future of affordable housing.

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future markets


Opportunities in New Market Tax Credits, Renewable Energy and Historical Tax CreditsRoom: San Jacinto Ballroom West

ModeratorJoy Horak-Brown, New Hope Housing Inc.

PanelistsWilliam Callihan, Capital OneKevin Goldsmith, ChaseLeigh Ann Smith, Bank of America Merrill Lynch

For nearly 50 years, federal tax credits have been used to attract private capital to help finance the development of a wide variety of projects. If you have ever considered using a different tax credit or combining multiple credits, you won’t want to miss this session. This panel will present case studies on each of of these opportunities. Panel members will talk about the timing of Federal historic equity pay-in and the New Markets Tax Credit (NMTC) equity pay-ins with considerations for bridging federal historic equity. They will also cover matching the standard loan product’s term with the term of the NMTC construction and compliance period. Un-derwriting for NMTC Commercial Space Revenue in a predominately affordable residential property will also be discussed.


Getting the Most from Your Third Party PartnersRoom: Stones Crossing

ModeratorTerri Anderson, Anderson Capital, LLC

PanelistsJames Dismukes, Phase Engineering Darrell Jack, Apartment Market Data Diane Kinney, FDI Management

Due diligence is a big part of the pre-application and application process. Join this panel for an in-depth discussion on how to utilize the resources available from your third party partners. Find out what up-front tools these parties have for little or no expense to you. You will receive information on the Appraisal and Property Condition Assessment, American Land Title Association (ATLA) Surveys re-quired by lenders and the basic surveys required by the Texas Department of Housing and Community Affairs (TDHCA). Environmental assessments and reports will also be covered.

Time is money! Find out how your third party part-ners can help you save both prior to pre-applica-tions.

compliance issues

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wednesDAY 8:30 - 9:30 am

One on One with the Texas Department of Housing and Community Affairs (TDHCA) Leadership TeamRoom: Four Seasons Ballroom

ModeratorJim Brown, Executive Director,Texas Aff. of Affordable Hsg Providers

Panelists (pictured left to right)Tom Gouris, TDHCAMichael Lyttle, TDHCAPatricia Murphy, TDHCACameron Dorsey, TDHCATim Irvine, TDHCA

For once outside of a Board meeting, the Tex-as Affiliation of Affordable Housing Providers (TAAHP) is able to gather TDHCA leader-ship into one group to be focused on issues of interest to TAAHP members and attend-ees at the Texas Housing Conference. Here is your opportunity to pose your questions or concerns or kudos to the decision-makers at the agency. Join us for this dynamic session and get straight talk from the top!


Recapture is Not a Four Letter WordRoom: Little Colony

ModeratorDennis Hoover, Hamilton Valley Management

PanelistsWendy Langlais, Reznick Group George Littlejohn, NovogradacSean O’Connor, Dauby O’Connor & Zaleski

The million dollar question? How to calculate re-capture! State and the Federal Governments have different roles in determining compliance and re-capture. This group of experts will discuss what happens once a Form 8823 is sent to the IRS and discuss if there is recapture when a partner trans-fers or there is a foreclosure. They will also discuss casualty losses and losses in federally declared di-saster zones.

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Federal & Legislative Issues in Our Nation’s CapitolRoom: Four Seasons Ballroom

ModeratorBobby Bowling, Tropicana Building Corp.

PanelistsKent Conine, Conine Residential GroupBarry Kahn, Hettig/Kahn Development Corp.Granger MacDonald, MacDonald CompaniesDan Markson, The NRP Group

Join former Texas Deptartment of Hous-ing and Community Affairs (TDHCA) Board Chair, National Association of Home Build-ers (NAHB) Past President and incoming NAHB Housing Credit Group Chair Kent Conine, incoming NAHB Multifamily Council Chair Granger MacDonald along with long-time NAHB members Bobby Bowling, Barry Kahn, and Dan Markson, for an update on tax credit, multifamily and other building is-sues from the NAHB perspective. Panelists will give updates on national issues being championed by the leaders and members of NAHB and answer questions about how you can get involved. They will share why grass roots efforts are critical to the success of the building and development community.


Washington WireRoom: Four Seasons Ballroom

ModeratorJeff Whiting, City Real Estate Advisors

speakersRick Goldstein, Nixon PeabodyJames Miller, Tax Legislative Solutions, LLC

Tax reform is looming and may well affect the Low Income Housing Tax Credit (LIHTC). The panel will discuss the Congressional agenda for the rest of the year with particular focus on approaches to tax reform and the so-called “fiscal cliff” wherein the 2001 and 2003 Bush tax cuts, the Alternative Minimum Tax (AMT) “patch,” and the 50 plus business tax extenders will expire and domestic/military spending sequester levels will take place un-less Congress takes action. The panel will address the status of legislation fixing the 9 percent and 4 percent LIHTC’s and how tax reform could affect the credit. The industry’s efforts before Congress in this regard will also be a key topic for discussion. Learn what Congress is likely to do during this time of budget cutting, deficit reduction, and tax reform that may well affect the future of this program and your business activities!

educational agenda - 2012 texas housing conference

Documents

pm conference adjournment12

pm breakout sessions3

pm breakout sessions5

pm spa day

pm exhibits open3

pm opening session5

pm exhibits open9

pm refreshment break3