2021 Florida ALHFA Conference Booklet

Pandemic: Catalyst for Change

Florida Association of Local Housing Finance Authorities 2021 Virtual Education Conference • June 22 – July 27

Sydney Trace Apartments Jacksonville Housing Finance Authority The Vestcor Companies, Inc.

Proud Sponsor of the 2021 Florida ALHFA Conference RBC Capital Markets is recognized as an innovative partner with in-depth expertise in affordable housing finance.

Our team provides a complete range of financing solutions to meet the needs of HFAs, investors and developers raising over $4.7 billion and ranked as the #1 underwriter of single and multi-family issues in the U.S. in 2020.

Helen Hough Feinberg

Debbie Berner

Dave Urban

Cameron Hill

Becca Ickowicz

Managing Director

Director

Director

Vice President

Vice President

727.895.8892

727.895.8885

980.233.6437

727.502.3631

727.895.8809

helen.feinberg@rbccm.com

debbie.berner@rbccm.com

david.urban@rbccm.com

cameron.hill@rbccm.com

becca.ickowicz@rbccm.com

rbccm.com/housingfinancegroup Source: Refinitiv 1/1/20-12/31/20. This advertisement is for informational purposes only. RBC Capital Markets is the global brand name for the capital markets business of Royal Bank of Canada and its affiliates, including RBC Capital Markets, LLC (member FINRA, NYSE and SIPC). ®/™ Trademark(s) of Royal Bank of Canada. Used under license. © Copyright 2021. All rights reserved.

FLORIDA ASSOCIATION OF LOCAL FINACE AUTHORITIES 2021 VIRTUAL EDUCATION CONFERENCE TABLE OF CONTENTS Sponsors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Letter From The President . . . . . . . . . . . . . . . . . . 3 Letter From The Directors . . . . . . . . . . . . . . . . . . . 4 Agenda At A Glance . . . . . . . . . . . . . . . . . . . . . . . . 5 Full Agenda . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6-9 Advertisers . . . . . . . . . . . . . . . . . . . . . . . . . . 10-OBC

Board of Directors

Harry Hedges, President Angela Abbott, VicePresident Kathryn Driver, Secretary/Treasurer Walt Ferguson W. D. Morris Cheree Gulley Rich Pierro Pat Lott Jim Ryan

Executive Directors Mark Hendrickson Susan Leigh

REGISTER TODAY AT FLALHFACONFERENCE.COM Runs from June 22 through July 27, at noon on most Tuesdays and Thursdays.

Over 10 Educations Sessions, Virtual Exhibit Hall & More – Join Us Today!

Florida AHLFA Educational Conference 2021 1

THANK YOU TO ALL 2021 SPONSORS P TINUM JACKSONVILLE HFA HFA OF BROWARD COUNTY HFA OF LEE COUNTY DOMINIUM HFA OF MIAMI-DADE COUNTY eHOUSING PLUS PINELLAS COUNTY HFA ESCAMBIA COUNTY HFA RAYMOND JAMES HFA OF HILLSBOROUGH COUNTY RBC CAPITAL MARKETS

GOLD AMERINAT BLUE SKY COMMUNITIES BREVARD COUNTY HFA HFA OF CLAY COUNTY FLSAFE/PMA FINANCIAL NETWORK FREDDIE MAC HILLTOP SECURITIES

HFA OF LEON COUNTY HFA OF MANATEE COUNTY ORANGE COUNTY HFA PALM BEACH COUNTY HFA SOUTHPORT FINANCIAL SERVICES STIFEL THE VESTCOR COMPANIES

BREAKFAST SPONSOR FIRST HOUSING

SILVER BILZIN SUMBERG BRYANT MILLER OLIVE, P .A .

CSG ADVISORS FLORIDA COMMUNITY LOAN FUND GREENBERG TRAURIG NABORS GIBLIN & NICKERSON

NELSON MULLINS RILEY & SCARBOROUGH, LLP THE NICHOLS GROUP, P .A .

SELTZER MANAGEMENT GROUP STEARNS WEAVER MILLER WELSSLER ALDAHEFF & SITTERSON, P .A .

U .S . BANK TRUST

VIRTUAL EXHIBITORS FLORIDA COMMUNITY LOAN FUND RAYMOND JAMES RBC CAPITAL MARKETS

BLUE SKY COMMUNITIES DOMINIUM HFA OF MIAMI-DADE COUNTY STIFEL

AT HTTPS://FLALHFACONFERENCE .COM/VIRTUAL-EXHIBIT-HALL 2

Florida ALHFA

Florida Association of Local Housing Finance Authorities Association of Local Housing Finance Authorities BOARD OFFlorida DIRECTORS BOARD PRESIDENT OF DIRECTORS HARRY HEDGES PRESIDENT HFA OF HILLSBOROUGH COUNTY HARRY HEDGES VICE PRESIDENT HFA OF HILLSBOROUGH COUNTY ANGELA ABBOTT VICE PRESIDENT BREVARD COUNTY HFA ANGELA ABBOTTCOUNTY HFA OF MANATEE BREVARD COUNTY HFA HFA OF MANATEE COUNTY

SECRETARY/TREASURER KATHRYN DRIVER SECRETARY/TREASURER HFA OF PINELLAS COUNTY KATHRYN DRIVER BOARD HFA OF MEMBER PINELLAS COUNTY W.D. MORRIS BOARD MEMBER ORANGE COUNTY HFA W.D. MORRIS ORANGE COUNTY HFA

BOARD MEMBER WALT FERGUSON BOARD HFA OF MEMBER LEE COUNTY WALT FERGUSON BOARD MEMBER HFA OF LEE COUNTY RICHARD PIERRO BOARD HFA OF MEMBER MANATEE COUNTY RICHARD PIERRO HFA OF MANATEE COUNTY

BOARD MEMBER CHEREE GULLEY BOARD HFA OF MEMBER MIAMI-DADE COUNTY CHEREE GULLEY BOARD MEMBER HFA OF MIAMI-DADE COUNTY JIM RYAN BOARD HFA OF MEMBER CLAY COUNTY JIM RYAN HFA OF CLAY COUNTY

BOARD MEMBER PAT LOTT BOARD MEMBER ESCAMBIA COUNTY HFA PAT LOTT EXECUTIVE DIRECTORS ESCAMBIA COUNTY HFA MARK HENDRICKSON EXECUTIVE DIRECTORS SUSAN LEIGH MARK HENDRICKSON SUSAN LEIGH

June 15, 2021 On behalf of the Board of Directors, welcome to the Florida ALHFA 2021 Virtual Educational Conference.

The annual conference gives each of us time to reflect on the year that has passed and to look to the future.

The successes we have achieved could not take place without the support of all the conference sponsors.

This year the financial support of our members has been exceptionally strong. Special thanks should go to our Platinum HFA Sponsors— Broward County, Escambia County, Hillsborough County, Jacksonville HFA, Lee County, Miami-Dade County, and Pinellas County; and Associate Platinum Sponsors, Dominium, eHousing Plus, Raymond James, and RBC Capital Markets.

This year’s conference theme is Pandemic: Catalyst for Change. What does that mean? As HFAs we find ourselves at times content to just “making the donuts”. Significant change in our environment and economy gives us the opportunity to rethink our mission, methods, and efforts. The leadership of the association is asking you, through what you learn at this conference, to renew your interest and focus on how your organization can serve your community the best. Looking forward to an in person meeting at the 2022 conference.

As the President, it has been gratifying to see impact that our organization is having showing the expanded face of affordable housing: • The leadership role that Florida ALHFA has taken in the Sadowski Education Effort has led to a $1.3 billion of State housing funding since SEE began • Florida ALHFA has created partnerships with the Florida Housing Finance Corporation and the improved relationship is providing many benefits to our HFAs • New leadership developing within the organization • Read the Seventh Issue of the HFA Journal and learn what your associates are doing Florida ALHFA continues to grow while continuing to focus on increasing funding opportunities for our member HFAs. We challenge each of you look at the impact of what you do every day through your Authority and partnerships and begin to talk about it – let your light shine!

Look forward and understand that with change comes opportunity and growth. For example, our leadership in the Sadowski Education Effort has brought opportunities that could not have been imagined just five years ago.

Your Board and the leadership of Florida ALHFA pledge to continue on this path.

Harry Hedges President, Florida ALHFA PHYSICAL: 1404 Alban Avenue | Tallahassee, FL 32301 | WEB: www .flalhfa .com | EMAIL: flalhfa@aol .com MAILING: BoxAlban 16129Avenue | Tallahassee, FL 32317FL| OFFICE: (850)www .

671-5601 | FAX: 671-5603 PHYSICAL:PO 1404 | Tallahassee, 32301 | WEB: flalhfa . com (850) | EMAIL: flalhfa@aol .com MAILING: PO Box 16129 | Tallahassee, FL 32317 | OFFICE: (850) 671-5601 | FAX: (850) 671-5603 Educational Conference 2021

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Florida Association of Local Housing Finance Authorities Association of Local Housing Finance Authorities BOARD OFFlorida DIRECTORS BOARD PRESIDENT OF DIRECTORS HARRY HEDGES PRESIDENT HFA OF HILLSBOROUGH COUNTY HARRY HEDGES VICE PRESIDENT HFA OF HILLSBOROUGH COUNTY ANGELA ABBOTT VICE PRESIDENT BREVARD COUNTY HFA ANGELA ABBOTTCOUNTY HFA OF MANATEE BREVARD COUNTY HFA HFA OF MANATEE COUNTY

SECRETARY/TREASURER KATHRYN DRIVER SECRETARY/TREASURER HFA OF PINELLAS COUNTY KATHRYN DRIVER BOARD HFA OF MEMBER PINELLAS COUNTY W.D. MORRIS BOARD MEMBER ORANGE COUNTY HFA W.D. MORRIS ORANGE COUNTY HFA

BOARD MEMBER WALT FERGUSON BOARD HFA OF MEMBER LEE COUNTY WALT FERGUSON BOARD MEMBER HFA OF LEE COUNTY RICHARD PIERRO BOARD HFA OF MEMBER MANATEE COUNTY RICHARD PIERRO HFA OF MANATEE COUNTY

BOARD MEMBER CHEREE GULLEY BOARD HFA OF MEMBER MIAMI-DADE COUNTY CHEREE GULLEY BOARD MEMBER HFA OF MIAMI-DADE COUNTY JIM RYAN BOARD HFA OF MEMBER CLAY COUNTY JIM RYAN HFA OF CLAY COUNTY

BOARD MEMBER PAT LOTT BOARD MEMBER ESCAMBIA COUNTY HFA PAT LOTT EXECUTIVE DIRECTORS ESCAMBIA COUNTY HFA MARK HENDRICKSON EXECUTIVE DIRECTORS SUSAN LEIGH MARK HENDRICKSON SUSAN LEIGH

July 15, 2021 Dear Colleagues: Welcome to the 2021 Florida ALHFA Virtual Annual Educational Conference. We hope that the agenda will provide useful information on meaningful and timely topics.

This year’s program will focus on Pandemic: Catalyst for Change. With shifting priorities, economic and market changes, and normal housing problems have become exaggerated, how do you rise to the challenges? Change brings new opportunities and getting back to basics sometimes is the most important way to start. Read your policies and guidelines and make sure they are still relevant. Spend time as a board and consider the opportunities to leverage resources and create the best long- term impact with the least amount of money. Educate yourself on bond allocation and what to focus on as a Board member.

Federal and states changes with Covid Relief packages will impact both housing funds and tax policy. Get up to speed and know what to look for in the coming year.

Take a look at the agenda. Although the subject topics may be similar to previous years, we have new speakers and a different focus in most sessions.

With our focus on back to basics, although many of the professionals have experienced changing markets through the years, many board members have not. Besides economic changes which impact interest rates, markets, and available resources, developers and homeowners increase in the cost of product and materials brings additional change. How do HFAs shift their focus and adjust policies and procedures to assure the best use of resources available on local, state and federal level?

FLALHFA hopes this will be the last virtual conference. But the good news has been that the organization was able to adjust and provide for training and information dissemination even in this environment.

Thanks go to all that supported the Sadowski Education Efforts this past year, and we hope will continue to participate in the coming year. Your support has made the difference in the education of the legislative members knowledge about the value of the programs it supports.

Of course, without the support of all the Sponsors this conference would not take place. Make sure you thank them.

Remember to participate in the Tuesday (former Saturday morning) wrap up session to provide input that will be useful for next year’s conference and for the organization in general.

We look forward to your participation during the conference and welcome your input on the organization, conference or legislative issues. Let’s continue to work together to make the upcoming year an even better success for your HFA, Florida ALHFA and for the families we serve in each of our communities.

Mark Hendrickson & Susan Leigh Directors, Florida ALHFA PHYSICAL: 1404 Alban Avenue | Tallahassee, FL 32301 | WEB: www .flalhfa .com | EMAIL: flalhfa@aol .com MAILING: BoxAlban 16129Avenue | Tallahassee, FL 32317FL| OFFICE: (850)www .

671-5601 | FAX: 671-5603 PHYSICAL:PO 1404 | Tallahassee, 32301 | WEB: flalhfa . com (850) | EMAIL: flalhfa@aol .com

4 MAILING: PO Box 16129 | Tallahassee, FL 32317 | OFFICE: (850) 671-5601 | FAX: (850) 671-5603

Florida ALHFA Educational

2021 FLORIDA ALHFA ANNUAL EDUCATIONAL CONFERENCE AGENDA AT-A-GLANCE Tuesday, June 22 — 11:45 AM to Noon General Session Membership Meeting Opening Remarks ......................Florida ALHFA President Harry Hedges Election of Board Members ......Angela Abbott, Florida ALHFA Vice-President Conference Logistics..................Susan Leigh, Director, Florida ALHFA Virtual Exhibitor Hall ..............Lisa Djahed, Communications Director, Florida Housing Coalition Tuesday, June 22 — Noon to 1:00 PM Multi-Family: Cutting Edge Topics Part I Moderator: Mark Hendrickson | Panelists: Ben Johnson, Helen Feinberg, Monique Spotts Friday, June 25 — Noon to 1:00 PM Federal Legislative Update Moderator: Cheree Gulley | Panelists: Jessica Facciponti, Kevin McKenney, Jonathan Paine Tuesday, June 29 — Noon to 1:00 PM Florida Legislative Update Moderator: Mark Hendrickson | Panelists: Sarah Bascom, Ken Pruitt, Jaimie Ross Tuesday, July 6 — Noon to 1:00 PM Our Partnership with the Florida Housing Finance Corporation Moderator: Jim Ryan | Panelists: Trey Price, Marisa Button Tuesday, July 9 — Noon to 1:00 PM HFA Board Members: How to be an Effective Board Member of an HFA Moderator: Debra Koehler | Panelists: Gloria “Nadine” Carswell, Dr. Jeffrey Sharkey Tuesday, July 13 — Noon to 1:00 PM Single Family: Past, Present and Future of Programs Moderator: Sue Denihan | Panelists: Adela Garcia, Karmen Lemberg, Carla Webster, Chip White Thursday, July 15 — Noon to 1:00 PM Multi-Family: Cutting Edge Topics Part II Moderator: Kathryn Driver | Panelists: Marisa Button, Mark Fredericks, Barney Smith Friday, July 16 — Noon to 1:00 PM Ethics & Sunshine Co-Moderators & Panelists: Mary Helen Farris, Don Horn Tuesday, July 20 — Noon to 1:00 PM HFA Board Members: Housing Programs 101 Moderator: Susan Leigh | Panelists: Rhonda Bond-Collins, Ed Busansky, Tim Wranovix Friday, July 23 — Noon to 1:00 PM HFA Journal Release and Discussion of Unique Programs Moderator: Pat Lott | Panelists: Susan Leigh Tuesday, July 27 — Noon to 1:00 PM Roundtable Discussions HFA Open Forum: to discuss Conference and FLALHFA Attorney Roundtable: to discuss issues related to HFA’s legal issues that arise in their representation of issuers, developers, or other professionals CPA Roundtable: to discuss accounting and auditing issues related to their work with local HFAs Educational Conference 2021

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2021 FLORIDA ALHFA ANNUAL EDUCATIONAL CONFERENCE PANDEMIC: CATALYST FOR CHANGE AGENDA Tuesday, June 22, 2021 11:45 Am - Noon

General Session: Membership Meeting Opening Remarks............................ Florida ALHFA President Harry Hedges Election of Board Members ............ Angela Abbott, Florida ALHFA Vice-President Conference Logistics ....................... Susan Leigh, Director, Florida ALHFA Virtual Exhibitor Hall .................... Lisa Djahed, Communications Director, Florida Housing Coalition

Tuesday, June 22, 2021 Noon - 1:00 PM

Multi-Family: Cutting Edge Topics Part I Due to the fixed 4% Housing Credit rate, many more bond deals will be feasible. With more deals coming through an HFA’s system, it is time for a look at whether your system is up-to-date and if your HFA is doing what is should for proper oversite before and after issuing bonds. Is your system up-to-date, or was it written in the 1990’s and amended multiple times so that it is redundant and internally inconsistent? Items for consideration include Issuer fees, minimum denominations, prohibited vendors, transfer restrictions, change of owner restrictions, administrative fees and process for post-closing requests, land use restrictions, guarantees, ancillary services agreements (servicing and compliance monitoring). What guaranties should be required to make sure the project is built to the specifications your HFA approved and to make sure your ongoing fees are paid? Additionally, as subsidies increase, so does the potential problem of cost escalation. We will once Additionally, multifamily bond transactions are becoming more complex, with short term bonds, requirements for HFA action after closing, and implications for long term HFA revenue.

Moderator: Mark Hendrickson, Executive Director, Florida ALHFA Panelists: Ben Johnson, President, Seltzer Management Company Helen Feinberg, Managing Director, RBC Capital Markets Monique Spotts, Shareholder, Bryant Miller Olive

Friday, June 25, 2021 Noon - 1:00 PM

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Federal Legislative Update The Federal COVID relief packages have massive impact on housing funding and tax policy.

Infrastructure and other legislation could also provide significant federal resources. Learn what passed, what is in the works, and where the money is going—and how HFAs could access the funds Moderator: Cheree Gulley, Florida ALHFA Board Member & Executive Director, Miami-Dade HFA Panelists: Jessica Facciponti, NALHFA Legislative Committee Chair and Director of Government Affairs for the New York City Housing Development Corporation Kevin McKenney, Director of Government Affairs, NALHFA Jonathan Paine, Executive Director, NALHFA

Florida ALHFA

Tuesday, June 29, 2021 Noon - 1:00 PM

Florida Legislative Update The 2021 legislative session was a wild ride. Learn what happened, why, and what are the steps for the future. Also, the critical role the Sadowski Education Effort played in preservation and stabilization of the Sadowski Housing Trust funds will be detailed. Why is SEE such a critical part of the funding strategy? What is our communications strategy? What is the state revenue situation and how will that impact our work for the 2022 session? Discussion will include a complete update on SHIP and SAIL funding from the Sadowski Housing Trust Funds, and how to get state funding in 2022 Moderator: Mark Hendrickson, Executive Director, Florida ALHFA Panelists: Sarah Bascom, President, Bascom Communications Ken Pruitt, President, The P5 Group Jaimie Ross, President & CEO, Florida Housing Coalition

Tuesday, July 6, 2021 Noon - 1:00 PM

Our Partnership with the Florida Housing Finance Corporation FHFC allocates Housing Credits, SAIL funds, and DPA monies. These programs directly impact local HFAs—in both our rental and home ownership programs. How can a local HFA effectively impact FHFC decisions? How can our partnership be improved? FHFC’s Executive Director, and lead homeownership and rental directors will discuss these questions as well as implementation of the Local Government Preference system for 9% Housing Credits, the process for allocating 4% Housing Credits on local HFA bond deals, Down Payment Assistance, policy changes related to this year’s SAIL and Housing Credits, and legislative activities Moderator: Jim Ryan, Board Chairman, Housing Finance Authority of Clay County & FLALHFA Board Member Panelists: Trey Price, Executive Director, Florida Housing Finance Corporation Marisa Button, Director of Multifamily Programs, FHFC

Friday, July 9, 2021 Noon - 1:00 PM

HFA Board Members: How to be an Effective Board Member of an HFA This session focuses on how to be a better and more effective HFA Board member, rather than on specific program details. It explores the proper “domain” of a Board and that of staff. Board members have asked, “What exactly am I supposed to be doing as a Board member? Am I supposed to be an expert on programs, or is that for staff only? How much can I rely on professionals and staff? Do I have a fiduciary responsibility?”. What is the “Goldilocks” position between micromanaging staff and professionals and being too hands off? This session will discuss preparation for each Board meeting, financial statements, audits, expenditure policies, budgeting, multifamily policies, procurement, and working with elected officials at the local and state level. Learn that “right” level of involvement, so that you can be an effective board member.

Moderator: Debra Koehler, Board Member, Housing Finance Authority of Hillsborough County Panelists: Gloria “Nadine” Carswell, Board Member, Jacksonville HFA Dr. Jeffrey Sharkey, Board Secretary, HFA of Leon County

Educational Conference 2021

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Tuesday, July 13, 2021 Noon - 1:00 PM

Single Family: Past, Present and Future of Programs This session will focus on how HFA programs worked in the past, how they work now, and how they can be improved in the future. Also included will be how to have better outreach to minority homebuyers, particularly Hispanic and African American—and how better to inform the public about the programs. Another topic will be how to use eHousing’s website to identify details of who your program serves and what type and cost of home are the buying.

Moderator: Sue Denihan, eHousing Plus Panelists: Adela Garcia, Chief Financial Officer, HFA of Miami-Dade County Karmen Lemberg, Director of Single Family Programs and Operations, HFA of Pinellas County Carla Webster, Marketing Manager, HFA of Miami-Dade County Chip White, Homeownership Programs Administrator, FHFC

Thursday, July 15, 2021 Noon - 1:00 PM

Multi-Family: Cutting Edge Topics Part II Aren’t HFAs just “conduit issuers”, with little responsibility other than compliance with the tax code when bonds are issued? How would that answer play with your local newspaper or County Commission when a development your HFA financed was found to have an infestation of mice or was abandoned halfway through construction? How does FHFC evaluate deals and what ongoing monitoring do they require on their bond deals? With more deals coming forward, this means competition for limited bond volume cap and the ability to require more of developers in terms of longterm affordability and other public purpose items. All of this will require improved application and evaluation systems. Is your system up-to-date, or was it written in the 1990’s and amended multiple times so that it is redundant and internally inconsistent? Are you getting all you can from a developer in terms of long-term affordability, development design and resident programs? again discuss methods to make sure that costs are reasonable and prevent deals from being over-subsidized. As a Board member, what is in a credit underwriting report and what should you focus on in the report? Why is compliance monitoring critical and how can it provide protection for your residents and insulate the HFA against political criticism of your HFA when a property you financed is poorly constructed or managed? What do monitors monitor?

Moderator: Kathryn Driver, Executive Director, HFA of Pinellas County Panelists: Marisa Button, Director of Multifamily Programs, FHFC Mark Fredericks, Senior Vice-President Multifamily Services, AmeriNat Barney Smith, Chairman, Jacksonville Housing Finance Authority & Former Chairman, Florida Housing Finance Corporation

Friday, July 16, 2021 Noon - 1:00 PM

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Ethics & Sunshine Annual update on new laws that impact Ethics, Sunshine, public records and special districts, along with basic do’s and don’ts of behavior for Board and staff of HFAs. What can you say and when can you say it to another Board member? Is it OK to accept that lunch invitation? What is a gift, and when must they be disclosed? What is the difference between a voting conflict and a prohibited conflict?

How has COVID-19 impacted Sunshine laws and public meeting requirements, including HFA meetings and TEFRA hearings? These and other ethics and sunshine topics will be covered, with plenty of time for questions. Learn how to stay out of the news and out of legal trouble.

Co-Moderators & Panelists: Mary Helen Farris, General Counsel, HFA of Hillsborough County Don Horn, Chairman, Miami-Dade HFA

Florida ALHFA

Tuesday, July 20, 2021 Noon - 1:00 PM

Housing Programs 101 This will be an updated version covering the basics of programs that HFAs administer, suitable for both new and experienced HFA Board members and staff. Topics will include bond allocation, TEFRA, credit underwriting, monitoring, non-bond single family programs, DPA assistance, the role of various professionals, the difference between 9% and 4% Housing Credits, and others. This is a forum to ask the questions you need answered about how programs work.

Moderator: Susan Leigh, Director, Florida ALHFA Panelists: Rhonda Bond-Collins, Shareholder, Bryant Miller Olive Ed Busansky, Vice-Chair, HFA of Hillsborough County Tim Wranovix, Director National Housing Group, Raymond James

Friday, July 23, 2021 Noon - 1:00 PM

HFA Journal Release and Discussion of Unique Programs Local HFAs don’t just do bonds and single-family loan programs. With limited resources, both larger and smaller HFAs have made an impact in their communities by being innovative and thinking outside of the box. Learn how HFAs used HFA, SHIP and County funds to implement innovative programs.

The 6th Annual Florida ALHFA Journal, which compiles programs submitted by Florida ALHFA members, will be released.

Moderator: Pat Lott, Executive Director, Escambia County HFA (invited) Panelists: Susan Leigh, Director, Florida ALHFA TBD

Tuesday, July 27, 2021 Noon - 1:00 PM

Roundtable Discussions HFA Open Forum: to discuss Conference and FLALHFA Attorney Roundtable: to discuss issues related to HFA's legal issues that arise in their representation of issuers, developers, or other professionals CPA Roundtable: to discuss accounting and auditing issues related to their work with local HFAs

Educational Conference 2021

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SMG

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Greenberg Traurig, LLP

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Warren S. Bloom | Shareholder | Co-Chair, National Public Finance Practice Michael L. Watkins | Shareholder | Public Finance Practice 450 South Orange Avenue | Suite 650 | Orlando, FL 32801 | 407.420.1000 Greenberg Traurig is a service mark and trade name of Greenberg Traurig, LLP and Greenberg Traurig, P.A. ©2019 Greenberg Traurig, LLP. Attorneys at Law. All rights reserved. Attorney Advertising. °These numbers are subject to fluctuation.

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Dedicated to the Affordable Housing Industry

Over the last 38 years, Vestcor has built a reputation of excellence in all areas of multifamily housing. Since formation, Vestcor has developed or acquired in excess of 15,000 multifamily units with a focus on affordable housing. Other areas of expertise include senior and student housing communities.

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vestcor.com

Florida ALHFA

Proud Pro ud sponsor s p on s o r of the t he Fl ori orid da a Associ As s o cia ati tio on n of Local Lo ca l Hous in g F in an c e Au th oriti es Ed u ca ti o n a l Co n f eren ce

Housing Finance Authority of Miami-Dade County 7855 NW 12th Street, Suite 202, Miami, Florida 33126 www.HFAMiami.com | HFA@HFAMiami.com

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Florida ALHFA

Educational Conference 2021

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BRYANT MILLER OLIVE HAS SERVED AFFORDABLE HOUSING FOR OVER 40 YEARS AND IS A PROUD SPONSOR OF FLORIDA ALHFA

Helping clients navigate in uncharted waters.

Independent Registered Municipal Advisors Integrity · Experience · Innovation · Commitment CSG Advisors offers unparalleled national expertise in financing solutions for housing, real estate, development and infrastructure with more than 2,500 transactions and $80 billion of public financing Specialized Expertise Affordable Housing Finance • Public Housing Authorities • Tax Credits Strategic Plans and Program Development • Cash Flow Analyses and Quantitative Services • Public Finance Infrastructure and Land Development • Public-Private Partnerships and Developer Negotiations • Non-Profits, Universities, and Schools Atlanta • Los Angeles • New Jersey • New York • San Francisco

Working in Partnership with Local Florida Housing Finance Authorities AmeriNat has provided financial services to the affordable housing industry since 1975.

AmeriNat is proud to partner with HFAs to help increase housing opportunities throughout Florida. Services include: ✓ Multifamily Underwriting ✓ Construction Draw Administration ✓ Compliance Monitoring ✓ Davis-Bacon Wage Compliance ✓ Permanent Loan Servicing Micki Abel

National Sales Manager mabel@amerinatls.com 319-569-1876

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Contact us to learn more!

Visit us at: amerinatls.com

Florida ALHFA

Educational Conference 2021

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A Leader in Affordable Housing Finance Single Family Financing:

Multifamily Financing:

Mortgage Revenue Bonds

FHA-Insured Mortgage Bonds

TEMS (Tax-Exempt Mortgage-Backed Securities)

M-TEMS (Multifamily Tax-Exempt Mortgage-Backed Securities)

Tax-Exempt/Taxable Bonds

Short-Term Cash-Collateralized Bonds

New Money/Refunding Bonds

Rated/Unrated Unenhanced Multifamily Bonds

Whole Loans/MBS Security

Multifamily Pool Securitizations

Single Issue/Parity Indentures

Rental Assistance Demonstration (RAD) Financings

TBA and Specified Pool Markets

Collateralized Forwards

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Affordable Housing Construction Environmental Land Use & Zoning Public-Private Partnerships Real Estate Development & Financing Tax Credit Equity & Tax-Exempt Bond Closings Bilzin Sumberg Baena Price & Axelrod LLP 1450 Brickell Avenue, 23rd Floor, Miami, Florida 33131-3456 305-374-7580 | bilzin.com

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Florida ALHFA

5403 West Gray Street | Tampa, FL 33609 Phone: (813) 288-6988 Fax: (813) 288-1511

SOUTHPORT FINANCIAL SERVICES, INC. is a multi-family affordable housing developer based in Tampa, Florida, with headquarters in Tacoma, Washington.

Southport currently owns or has participation interest in 200 communities containing over 20,000 units throughout the continental United States and Hawaii. Over 9,000 units in over 70 communities in Florida alone.

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For more information please contact Mark Mustian, Firm President, at (850) 224-4070 or visit our website at www.ngnlaw.com

Representing Florida’s Counties for Over 35 Years

TALLAHASSEE

1500 Mahan Drive Suite 200 Tallahassee, Florida 32308 T. 850.224.4070

TAMPA

2502 Rocky Point Drive Suite 1060 Tampa, Florida 33607 T. 813.281.2222

Educational Conference 2021

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ATTENTION FLORIDA BAR MEMBERS Legal Education CLE’s are in the approval process for participation in the Florida ALHFA 2021 Educational Conference.

Please watch the website for further information regarding the number of credits for specific required CLE credits and how to submit the information once approved. The course work has been submitted to the Florida Bar and we expect a response within a few weeks.

PLANTATION

8201 Peters Road Suite 1000 Plantation, Florida 33324 T. 954.315.0268

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FLORIDA ALHFA: THE ORGANIZATION Florida ALHFA was founded in 1982 as a Florida nonprofit corporation consisting of private and public professionals dedicated to financing affordable single-family and multi-family housing in the State of Florida.

Florida ALHFAs Mission ▪ To provide learning and networking opportunities in an environment for local municipal bond issuers and related professionals to share ideas and strategies for providing safe and affordable housing in our communities.

▪ To evaluate, advocate, and support the enactment of State and Federal housing legislation and regulatory policies which enhance local agency efforts to provide affordable housing opportunities for our citizens.

▪ To establish the importance of local housing finance authorities as equity participants and lenders and as brokers between available resources and sponsors of affordable housing.

In the current environment, Florida ALHFA takes a more aggressive approach to legislative advocacy, and well as helping members build better relationships with the governmental and private sectors players with which they work.

Florida ALHFA is an advocate before the legislature and state agencies on legislative and regulatory issues affecting affordable housing, and provides technical assistance and educational opportunities to its members and the public. Members include County and City HFAs, developers (for-profit, non-profit, and public), and firms providing services to local HFAs, such as investment bankers, credit underwriters, consultants, financial advisers, and bond counsel.

Florida ALHFA advocates for the various programs such as tax exempt bonds, SAIL, SHIP, and provides educational opportunities for the boards and staff of local HFAs and other members.

Florida ALHFA membership opportunities include: ▪ To provide learning and networking opportunities, including an annual conference for local HFAs and related professionals to share ideas and strategies for providing affordable housing in our communities.

▪ To evaluate, advocate, and support the enactment of State and Federal housing legislation and regulatory policies which enhance local agency efforts to provide affordable housing opportunities for our citizens.

▪ To establish the importance of local HFAs as both providers of finance and organizations that should be at the table when state and community policy is decided.

Our legislative lobbying team works year-round with state legislators and state agencies to remove the obstacles that prevent local HFAs and developers from providing affordable housing. Florida ALHFA not only serves as a positive voice for affordable housing statewide, but also teaches members how to be effective housing advocates.

18

Florida ALHFA

2020-2021 FLORIDA ALHFA BOARD MEMBERS

HARRY HEDGES President HILLSBOROUGH COUNTY HFA

ANGELA ABBOTT Vice President BREVARD COUNTY HFA HFA OF MANATEE COUNTY

KATHRYN DRIVER Secretary Treasurer PINELLAS COUNTY HFA

WALT FERGUSON Board Member HFA OF LEE COUNTY

CHEREE GULLEY Board Member HFA OF MIAMI-DADE COUNTY

PAT LOTT Board Member ESCAMBIA COUNTY HFA

W. D. MORRIS Board Member ORANGE COUNTY HFA

RICHARD PIERRO Board Member HFA OF MANATEE COUNTY

JIM RYAN Board Member HFA OF CLAY COUNTY

Educational Conference 2021 19

Jacksonville Housing Finance Authority A Component Unit of the Consolidated City of Jacksonville, Florida

Welcome to the 2021 Florida Association of Local Housing Conference Boarrd of Directoors: Barney Smith, Chair Spencer Cummings, Vice-Chair Delilah “Dee” Bumbarger, Secretary Gloria “Nadine” Carswell Jeffrey Rosen Jane Scofield Matt Swanson

The Waves Jacksonville Beach, Florida

Opening in 2021

j

20



JHFA Tax Exempt Bond



Former Public Housing



HUD RAD Transaction



Scattered Sites



127 Units



16 two story buildings



154,835 total square feet



Vestcor, Developer



Jacksonville Housing Authority, Owner

y

Florida ALHFA

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Serving the State from Offices in Orlando ▪ Tampa ▪ Sarasota Melbourne ▪ Fort Lauderdale

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Committed to excellence in client service and our profession Tireless advocacy, business sense, and working side by side with clients toward the same goals – that is the character of who we are.

A full-service law firm with a national footprint, we offer deep affordable housing and tax experience from a multidisciplinary team to clients spanning all facets of the industry. Nelson Mullins is a leader within the profession, and we are committed to serving the public welfare.

25

Offices located in 11 states and Washington, D.C.

Put our flexible financing and expertise to work for you.

Educational Conference 2021

100+ Practice Areas

800+

Strong commitment to leadership & service

Nelson Mullins Riley & Scarborough LLP Attorneys and Counselors at Law nelsonmullins.com | T: 407.839.4200

Attorneys and Government Relations Professionals

David F. Leon, Partner 390 North Orange Avenue Suite 1400 | Orlando, FL 32801

21

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Find out how our experienced housing professionals can help your agency pursue its definition of success.

For more information, contact:

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MEMBER: NYSE/FINRA/SIPC HTS699869633

Timothy Nelson

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512.481.2022

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H I L LT O P S E C U R I T I E S . C O M

Our Clients, Our Team, Our Commitment to Florida Communities

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Rene’ O’Day roday@pmanetwork.com | Jeff Kern jkern@pmanetwork.com www.flsafe.org | www.pmanetwork.com

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© 2021 PMA Financial Network, LLC.

22

Florida ALHFA

BUILDING COMMUNITIES ONE HOMEOWNER AT A TIME….

In Partnership with: Alachua County Housing Finance Authority Leon County Housing Finance Authority Marion County Housing Finance Authority St. Lucie County Housing Finance Authority

Serving 1st Time Homebuyers throughout Florida since 1982

Associate Member of :

Educational Conference 2021

Alachua County Board of County Commissioners Bay County Board of County Commissioners Bradford County Board of County Commissioners Escambia County Board of County Commissioners Franklin County Board of County Commissioners Gulf County Board of County Commissioners Gadsden County Board of County Commissioners Hernando County Board of County Commissioners Indian River County Board of County Commissioners Jackson County Board of County Commissioners Jefferson County Board of County Commissioners Leon County Board of County Commissioners Madison County Board of County Commissioners Marion County Board of County Commissioners Martin County Board of County Commissioners Okaloosa County Board of County Commissioners Santa Rosa County Board of County Commissioners St. Lucie County Board of County Commissioners Taylor County Board of County Commissioners Wakulla County Board of County Commissioners Walton County Board of County Commissioners

23

THE HOUSING FINANCE AUTHORITY OF

HILLSBOROUGH COUNTY IS

Opening Doors

to Affordable Housing

For more than 30 years, the Hillsborough HFA has been helping residents afford a place to call home.

We provide: • Mortgages and Down Payment Assistance for First-Time Home buyers • Financing for the construction and/or acquisition and rehabilitation of apartments for working families and the elderly • Rental assistance to homeless families transitioning out of homelessness back into the workforce • Rental assistance to youth aging out of foster care • Support of the Sadowski Education Effort Learn more about how we’re addressing the affordable housing shortage in our county at: hillsboroughcountyhfa.org

24

Florida ALHFA

The Housing Finance Authority of Pinellas County is proud to support the 2021 Florida ALHFA Conference

www.pinellascounty.org/hfa Kathryn Driver: (727) 223-6418 or kdriver@pinellashfa.com Karmen Lemberg: (727) 223-6419 or klemberg@pinellashfa.com Lolitha Stone: (727) 300-0819 or lstone@pinellashfa.com

Educational Conference 2021 25

26

Florida ALHFA

THANK YOU FLORIDA ALHFA THANK YOUSUPPORT FLORIDAOF ALHFA FOR YOUR THE THANK YOUSUPPORT FLORIDAOF ALHFA FOR YOUR THE SADOWSKI EDUCATION EFFORT! FOR YOUREDUCATION SUPPORT OF THE SADOWSKI EFFORT! YOUR PARTICIPATION MADE A DIFFERENCE SADOWSKI EDUCATION EFFORT! YOUR PARTICIPATION MADE A DIFFERENCE

Jacksonville HFA Bank of America Jacksonville HFA Bank of America YOUR PARTICIPATION MADE ALee DIFFERENCE HFA of County HFA of HFA Lee County HFA of Brevard County Bank ofBrevard AmericaCounty HFA of Leeof County HFA HFA of County HFA of of Broward County HFA of Broward Brevard County HFA of Leon Leon County ofCounty Leon County HFA County Bank of America HFA of Lee HFA of Manatee County HFA of Clay County HFA ofof Broward County HFA of Manatee County HFA of Manatee County HFA Clay County HFA of Brevard County HFA of Leon County HFA of Escambia County HFA HFA of Clay County HFA of Miami-Dade Miami-Dade County County HFA of Broward County HFA County HFAofofManatee Miami-Dade Escambia County HFA Orange County HFA Florida ALHFA Escambia County HFA Orange County HFA County HFA of Clay County HFA of Palm Miami-Dade County HFA Orange of Beach Florida Housing Coalition Florida ALHFA Osceola County HFACounty County HFA Florida ALHFA Escambia County HFA Orange County HFA HFA of County HFA of Hillsborough County Florida Housing Coalition HFA of Pinellas Palm Beach County Osceola County Florida FloridaHousing ALHFA Coalition Osceola County HFA HFA HFA of Hillsborough County HFA of Pinellas County Florida Housing Coalition HFA Beach County HFAofofPalm Palm Beach County HFA of Hillsborough County PLEASE CONTRIBUTE NOW Jacksonville HFA HFA of Hillsborough County HFA of Pinellas County HFA of Pinellas County IN 2020 TO CONTINUE THE EFFORT Jacksonville HFA

PLEASE CONTRIBUTE NOW TO CONTINUE THE EFFORT IN 2022 PLEASE CONTRIBUTE NOW 2020 THE Contributions: TO CONTINUE EFFORT IN 2022

Checks should be made out to “Sadowski Education Effort” and mailed to: 2022 Contributions: Checks should be made out to “Sadowski Education Effort” and 2022 Contributions: Florida to: ALHFA mailed Checks should be made out to “Sadowski Education Effort” and 1404 Alban Avenue mailed to: Tallahassee, Florida 32301 Florida ALHFA 1404 Alban Avenue Florida ALHFA Tallahassee, Florida 32301 1404 Alban Avenue Tallahassee, Florida 32301

Educational Conference 2021 27

PROJECTED SHIP ESTIMATES FOR FY 2021-22 ($146,700,000)

LOCAL GOVERNMENT

COUNTY TOTAL

COUNTY TOTAL

COUNTY SHARE/ CITY SHARE

LOCAL GOVERNMENT

COUNTY SHARE/ CITY SHARE

COUNTY TOTAL

GILCHRIST

350,000

350,000

PALM BEACH

900,254

GLADES

350,000

350,000

Boca Raton

627,543

350,000

350,000

GULF

350,000

350,000

Boynton Beach

517,312

1,168,009

936,860

HAMILTON

350,000

350,000

Delray Beach

442,858

231,149

HARDEE

350,000

350,000

West Palm Beach

769,683

350,000

350,000

HENDRY

350,000

350,000

PASCO

3,586,915

3,586,915

4,009,629

2,218,929

HERNANDO

1,277,607

1,277,607

PINELLAS

6,498,996

3,371,679

Cocoa

127,907

HIGHLANDS

710,064

710,064

Melbourne

557,739

HILLSBOROUGH

9,751,588

7,160,591

Palm Bay

783,482

Tampa

Titusville

321,572

HOLMES

Gainesville BAKER BAY Panama City BRADFORD BREVARD

BROWARD

12,730,225

Coconut Creek

2,282,529

INDIAN RIVER

2,590,997 350,000

350,000

1,066,250

1,066,250

9,669,382

7,311,986

Clearwater

779,230

Largo

558,264 1,789,823

St. Petersburg POLK

4,725,906

3,692,823

Lakeland

722,118

Winter Haven

310,965

386,999

JACKSON

350,000

350,000

Coral Springs

851,652

JEFFERSON

350,000

350,000

PUTNAM

Davie

692,524

LAFAYETTE

350,000

350,000

Deerfield Beach

528,304

ST. JOHNS

LAKE

2,428,342

2,428,342

Fort Lauderdale

1,247,562

LEE

4,956,845

3,107,941

Hollywood

1,000,596

Cape Coral

1,237,229

477,383

Port St. Lucie

Fort Myers

611,675

SANTA ROSA

1,230,633

1,230,633

671,540

SARASOTA

2,901,936

2,520,331

Lauderhill Margate

390,818

LEON

Miramar

915,303

Tallahassee

Pembroke Pines

1,112,622

1,993,884

1,322,344

ST. LUCIE

498,707

498,707

1,739,458

1,739,458

2,134,779

Fort Pierce

1,344,057

Sarasota

LEVY

350,000

350,000

SEMINOLE

496,122 294,600

381,605

Plantation

598,321

3,156,362

3,156,362

LIBERTY

350,000

350,000

Pompano Beach

744,718

SUMTER

937,070

937,070

MADISON

350,000

350,000

Sunrise

621,235

SUWANNEE

350,000

350,000

MANATEE

2,643,632

2,254,754

Tamarac

435,374

TAYLOR

350,000

350,000

Bradenton

388,878

Weston

444,285

UNION

MARION

350,000

350,000

Ocala

1,254,120

1,117,923

CALHOUN CHARLOTTE Punta Gorda

136,197 999,694

999,694

CLAY

1,461,572

1,461,572

COLLIER

2,561,427

2,422,085

CITRUS

Naples

350,000

350,000

6,487,253

6,487,253

ESCAMBIA

2,146,523

1,778,609

Palm Coast

463,588

Deltona

618,361

11,842,098

7,613,284

WAKULLA

350,000

Hialeah

1,003,026

WALTON

510,450

510,450

Miami

2,081,841

WASHINGTON

350,000

350,000

MIAMI-DADE

272,368

DUVAL

350,000 2,559,751

Daytona Beach

North Miami

350,000

350,000 3,641,700

1,081,899

393,158

350,000

VOLUSIA

1,081,899

MARTIN

478,421

DE SOTO

764,849

409,834

Miami Gardens

479,125

FLAGLER

2,022,413

Miami Beach

479,125

Pensacola

2,432,247

139,342

COLUMBIA DIXIE

28

LOCAL GOVERNMENT

909,665

ALACHUA

1,809,919

COUNTY SHARE/ CITY SHARE

MONROE NASSAU OKALOOSA

526,099 604,372

604,372

1,355,879

1,215,817

350,000

350,000

9,332,778

7,361,695

Fort Walton Beach

367,914

OKEECHOBEE

165,743

ORANGE

599,106

Orlando

FRANKLIN

350,000

350,000

OSCEOLA

GADSDEN

350,000

350,000

Kissimmee

526,099

TOTAL

350,000

140,769,650 140,769,650

Disaster Relief Holdback

5,000,000

Compliance Monitoring

366,750

Catalyst

563,600

TOTAL APPROPRIATION

146,700,000

140,062

1,971,083 2,561,427

2,060,924

SHIP allocation based on Conference Committee as of 04/26/2021 (Less: $5 million DR holdback, Monitoring & Catalyst)

500,503

Florida05.2021 ALHFA

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