Welcome and Introductions

Washington Wire

Use of Credit Exchange Dollars and HOME Fund Dollars and Financial Implications

• How the money will be used: grants, equity, loans.
• Jumpstarting stalled projects: how fast can the money be distributed?
• Syndicator vs. non-syndicator deals and how these deals differ from traditional, conventional LIHTC developments.
• The effect of the structure on underwriting.

Keynote Speaker Luncheon

Debt Matters: A Word from the Lenders

• Lender reactions to the new legislation, including the recapture provision and asset management by states vs. the investor community.
• Lenders’ requirements of developers who get exchange money.
• Lending in the new environment.

HUD and Housing Authorities: The New Players in Town

• How the additional funding for housing authorities and the TCAP Home Funds are affecting the industry and the practical impacts thus far.
• HUD’s extended and more active role as a result of the additional $4 billion in funding.
• The new Administration, HUD, housing authorities and developing rental housing—what’s changed and what hasn’t.

Syndication and Investors:  How to Bring Them Back

• Where the investors are.  The deals that are still being done.
• Using equity with Exchange Funds or TCAP funds from ARRA.
• How to attract new investors to the market.

Networking Reception

Combining Energy Tax Credit and RETC Exchange Proceeds with LIHTC Properties

• Understanding risks and identifying rewards.
• What this structure would look like and why it’s a viable duo.

State Agencies' Response: State Agencies and the Allocation of Exchange and TCAP Funds

• How states are electing to implement the exchange provision.
• What the new asset management and compliance functions are.
• How the state agencies’ roles will change under ARRA.

In the Trenches: Developers Chime In

• A look at ARRA from the developer’s perspective.
• Deals that are being done or considered under the new legislation.
• Stories of success.