Tax Credit Housing Finance Conference December 4-5, 2008
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 Download the Brochure |
Agenda
Thursday, December 4, 2008
Day One| 8:00 a.m. – 9:00 a.m. | Registration and Networking Breakfast | ||
| GENERAL SESSIONS | |||
| 9:00 a.m. – 9:50 a.m. | Welcome and Attendee Introductions | ||
| 10:00 a.m. – 10:50 a.m. | Washington Wire | ||
| 11:00 a.m. – 11:50 a.m. | The State of the Equity Market All eyes and ears are tuned to the equity market, and questions loom large on industry professionals’ minds as we face 2009. What does the government conservatorship of Fannie Mae and Freddie Mac mean for the LIHTC investor pool? Will H.R. 3221, which brings sweeping changes to the LIHTC, provide the desired results? Are former participants returning to the market or is the predicted new class of investors stepping up and will that alleviate the crunch that has threatened many deals? Find out how, in light of these and other issues, investors and developers are preparing for 2009 as they analyze today’s market and reflect on what tomorrow’s may look like. |
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| 12:00 p.m. – 1:50 p.m. | Keynote Luncheon Speaker John Ensign, United States Senator, R-Nev. |
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| CONCURRENT SESSION 1 | |||
| 2:00 p.m. – 2:50 p.m. | Taming an Unruly Budget: Developers Speak Out Every dollar counts when producing affordable housing, and the ability to manage seen and unforeseen challenges is instrumental to a project’s success. Learn from been-there developers how to handle increasingly high deferred developer fees and loans, rising interest rates and insurance costs; how to take control of a budget gone sideways; and how to keep unexpected costs contained. Hear too, what your financial decisions are conveying to your lender and how planning early and planning smart really pays off. |
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| 3:00 p.m. – 3:50 p.m. | Solar and the LIHTC Green practices are the talk of the industry and with a little help from Washington are getting a little easier on a project’s bottom line. Attend this session to hear how developers are adding solar installations to their multifamily apartment portfolios using investment tax credits in combination with low-income housing tax credits (LIHTC). Learn how investors view the energy credits, what future legislation holds for these credits, what investors will pay for credits, and what the issues are that arise combining energy tax credits and the LIHTCs. |
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| CONCURRENT SESSION 2 | |||
| 2:00 p.m. – 2:50 p.m. | Public/Private Partnerships—Opening the Door to More Affordable Housing Development The troubled markets that are the reality of today’s world are making affordable housing development much more challenging than in years past. For those willing to open the door to partnering with not-for-profits, prospects are far more encouraging. Public/private partnerships can turn affordable housing transactions that had been dismissed as unfeasible into sound investments. Teaming up with not-for-profits increases access to funds and can prove to be well worth the challenges inherent to public/private partnerships. Panelists from the public and private sectors will address the practices that can lay a solid groundwork for such partnerships, offer insights on cultivating these collaborations and provide practical examples of how to seize opportunities that can result from these alliances. |
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| 3:00 p.m. – 3:50 p.m. | HUD and Your Project If you’re one of many who want to know more about layering LIHTC equity with HUD subsidies you’ll want to join us for this panel to learn how HUD-insured mortgages, operating subsidies and rental assistance can enhance development possibilities. Panelists will share their experiences in planning for HUD assistance in development and operating budgets; describe successful transactions; and reveal techniques that will help avoid any pitfalls and development delays when working with HUD. Don’t miss this opportunity to learn more about the previous participation requirement and Section 8 funding issues, as well as opportunities in mark-to-market projects. |
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| GENERAL SESSION | |||
| 4:00 p.m. – 4:50 p.m. | The State of the Bond Market The liquidity shortage resulting from the sub-prime mortgage crisis and the tightening of credit standards worsened in 2008 and many private placement lenders exited the affordable housing arena and/or increased their rates by 100 to 125 basis points. Then, in the early days after passage of H.R. 3221, affordable housing bond underwriters were encouraged as investors were quick to adjust downward interest rate expectations, even in the face of significant volume and substantial supply. Experts on this panel will address the changes the industry will encounter as a result of the new Housing Act and forecast what bond professionals can expect to see in the months to come. |
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| NETWORKING | |||
| 5:00 p.m. – 6:30 p.m. | Cocktail Reception | ||
| 6:30 p.m. | Day One Concludes | ||
Friday, December 5, 2008
Day Two| 8:00 a.m. – 9:00 a.m. | Registration and Networking Breakfast | ||
| GENERAL SESSIONS | |||
| 9:00 a.m. – 9:50 a.m. | Filling the Financial Gap Financing gaps for tax credit projects are all but inevitable and filling that gap is not only essential but possible. Seasoned developers on this panel will discuss cost- and market-effective ways to raise debt capital and pour liquidity into a project; explore the many options available to them, from mortgage and bond insurance to bank letters of credit and insurance company guarantees; and analyze the different credit enhancement vehicles: providing details on how they can lower overall borrowing costs. |
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| 10:00 a.m. – 10:50 a.m. | Running the Numbers: Letting the Practical Guide the Possible Because numbers can also be worth more than a thousand words, especially when they affect your LIHTC project, they’re deserving of scrutiny. Experienced professionals will guide you through the maze of rules and analytical practices that you will be able to employ to ensure your project’s success. From complicated eligible basis rules to critical timing of sources and uses, develop a greater awareness of how the various elements of a profitable deal come together. |
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| 11:00 a.m. – 11:50 a.m. | Tales of Success: Stories We Love to Hear See how all the details can come together successfully as experienced developers relate the accomplishments of their LIHTC developments. Learn how they triumphed over costs and managed rising interest rates; hear how the optimal project teams were built; see how potential lenders were identified and investors targeted; and learn about the obstacles that were overcome and how project goals were achieved. |
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| 12:00 p.m. | Conference Concludes | ||