Educational Agenda - 2012 Texas Housing Conference

Education + Exhibits

july 23 - 25, 2012

84



four seasons hotel



austin, texas

SCHEDULE AT-A-GLANCE MONDAY - JULY 23, 2012 9:30 am - 1:00 pm 9:30 am - 1:00 pm 1:00 pm 2:00 - 3:00 pm 3:00 pm 3:30 - 5:00 pm 5:00 - 7:00 pm

New Markets Tax Credits 101 (lunch included) Tax Credit Workshop (lunch included) Conference Registration Open TAAHP Annual Membership Meeting Exhibits Open Opening Session Opening Reception (Wine Tour)

7:00 am 7:30 - 8:30 am 8:30 - 9:45 am 9:30 am - 7:00 pm 9:45 - 10:15 am 10:30 - 11:45 am 12:00 - 1:30 pm 1:45 - 3:00 pm 3:00 - 3:30 pm 3:30 - 4:45 pm 5:00 - 7:00 pm

Registration Desk Open Fruit & Donuts Breakout Sessions Exhibits Open Refreshment Break Breakout Sessions Luncheon (Hilton Hotel) Breakout Sessions Refreshment Break Breakout Sessions Closing Reception

The

Texas Housin

g Conference

is hosted by

WEDNESDAY - JULY 25, 2012 8:00 am Registration Desk Open 8:00 am Breakfast 8:00 am Registration Desk Open 8:30 - 9:30 am One on One with the Texas Department of Housing and

Community Affairs (TDHCA) Leadership Team 9:30 - 10:30 am Federal and Legislative Issues from our Nation’s Capitol 10:30 - 11:30 am Washington Wire 11:30 pm Conference Adjournment 12 - 7:00 pm Spa Day (see below) 1:30 pm Mike Lankford Memorial Golf Tournament (Onion Creek Club)

sc hedule at-a-glan ce

TUESDAY - JULY 24, 2012

(Several packages available)

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.

To make a reservation call 512.542.3626 or send an email to Danielle.Holloway@whotels.com and mention you are with the Texas Housing Confrence.

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WELCOME

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 86

w

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 ranging 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 receive updates from Washington and national investors that provide insight on legislative and financial direction for the housing market.

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 challenges, 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 services to our members. This year, TAAHP initiated the Quarterly Luncheon which has proven to be a huge success. The Quarterly Luncheon has allowed us the opportunity to showcase our properties while having discussions and updates with local 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.

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.

WELCOME

The Texas Affiliation of Affordable Housing Providers (“TAAHP”) is the leading organization of affordable housing professionals in the State of Texas representing 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 conference.

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 collective voice on industry issues.

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” Jackson President, TAAHP

TAAHP has also continued to work in partnership with TDHCA, HUD and others by continuing 87

Providing housing for

Texans for over 15 years.

i

Dear Conference Partners and Attendees, It is with both excitement and pleasure that I welcome 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 associations 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 Austin every July.

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 Housing 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 panels, 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 Congress 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 issue 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.

our business climate. We have brought new life to the standard sessions and added new topics. By popular demand we are bringing back the Washington Wire and added a new feature: housing issues from two perspectives; leading Democrat and Republican Washington attorneys will discuss national 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 dynamic closing to the conference.

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

WELCOME

We asked, you listened and told us about the issues 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 participate in your educational sessions.

Jim T. Brown Executive Director, TAAHP

The 2012 Conference educational block, designed by conference Co-Chairs Nichole Flores and Bobby Bowling, you and staff, has reached across the vast resource bank and pulled together unique sessions addressing the major concerns affecting 89

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The opportunities to get involved are endless – simply walking through the lobby of the beautiful Four Seasons Hotel generally results in more than a few handshakes and business cards exchanged at almost 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 conference 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 industry, 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 toolbox 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

WELCOME

It’s a pleasure to welcome our many friends and colleagues from across the nation’s housing industry back to Austin for the annual Texas Housing Conference -- 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.

and look forward to your comments from the sessions 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 conference 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 events

special events monday, july 23, 2012

Tuesday, july 24, 2012

Opening Session: 3:30 - 5:00 pm

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

Opening Reception: 5:00 - 7:00 pm

morning refreshments: 9:45 - 10:15 am

Other contributions to the Texas Housing Conference Bank of America Merrill Lynch Conference Bags + Save the Date Postcard

Wine Tour : 5:00 - 7:00 pm

[ Booth 2 ]

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

afternoon refreshments: 3:00 - 3:30 pm

City Real Estate Advisors Water Bottles + Lanyards Citi Conference Bag Gift

Education Track Partners

[ Booth 18 ]

closing reception: 5:00 - 7:00 pm

Current Issues Bank of America Merrill Lynch Future Markets Chase

[ Booth 34 ]

wednesday, july 25, 2012 breakfast: 8:00 am

[ Booth 41 ] 92

Money City Real Estate Advisors Compliance Issues Reznick Group, P.C.

monday, july 23, 2012 MONDAY 9:30 AM - 1:00 PM

MONDAY 9:30 AM - 1:00 PM

Tax Credit Workshop

New Markets Tax Credits 101

Speakers

Speakers

The Housing Tax Credit program is the nation’s largest producer of affordable housing 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 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 making an investment, the investor can receive a tax credit worth 39% of the initial investment, 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.

Room: San Jacinto Ballroom East

The role of the allocating agency, the developer/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-service date.

Alan Kinnard, CHK Enterprises, LLC Kevin Goldsmith, Chase

education

Edwina Carrington, CHK Enterprises, LLC Diana McIver, DMA Development Co., LLC

Room: Stones Crossing

They will present a working example and take a look at the timing and funding commitments 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!

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education

tuesday, july 24, 2012 Session Track

money

future markets

sponsored by City Real Estate Advisors

sponsored by Chase

7:30 - 8:30 am

fruit & donuts breakfast [ four seasons ballroom ]

8:30 - 9:45 am

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

Bonds (p. 96) Location: Four Seasons Hotel Room: Stones Crossing

education

Location: Four Seasons Hotel Room: San Jacinto Ballroom West

9:45 - 10:15 am

refreshment break

10:30 - 11:45 am

Equity - Straight Talk (p. 98)

sponsored by

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

Location: Hilton Hotel Room: 400/402 (4th Floor)

12 noon - 1:30 pm 1:45 - 3:00 pm

Location: Four Seasons Hotel Room: San Jacinto Ballroom East

luncheon [ hilton hotel ]

sponsored by

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

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

Location: Hilton Hotel Room: 400/402 (4th Floor)

Location: Four Seasons Hotel Room: San Jacinto Ballroom East

3:00 - 3:30 pm

refreshment break

3:30 - 4:45 pm

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

sponsored by

Location: Four Seasons Hotel Room: San Jacinto Ballroom East

5:00 - 7:00 pm

closing reception

Opportunities in New Markets Tax Credits, Renewable Energy, and Historic Tax Credits (p. 105) Location: Four Seasons Hotel Room: San Jacinto Ballroom West

sponsored by

complimentary shuttle service to + from the Four Seasons Hotel and Hilton Hotel between 9:30 am - 3:30 pm 94

compliance issues

sponsored by Bank of America Merrill Lynch

sponsored by Reznick Group, P.C.

Compliance Issues Trouble in Paradise (p. 97)

Location: Four Seasons Hotel Room: San Jacinto Ballroom East

Location: Four Seasons Hotel Room: Little Colony

Social Services - Making the Connection (p. 99)

Recent Legal Issues in Housing and Development (*) (p. 99)

Location: Four Seasons Hotel Room: San Jacinto Ballroom West

Getting the Deal Done Right!

An Indepth Look with NonProfits & Public Housing Authorities (p. 103)

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Crowdsourcing (p. 100) Location: Four Seasons Hotel Room: Stones Crossing

Location: Four Seasons Hotel Room: Little Colony

A Look Inside the 2012 - 2013 QAP (*) (p. 103) Location: Four Seasons Hotel Room: San Jacinto Ballroom West

Location: Four Seasons Hotel Room: Little Colony

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

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

Location: Four Seasons Hotel Room: Stones Crossing

Location: Four Seasons Hotel Room: Little Colony

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

education

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

energy + social media

education

current issues

Location: Four Seasons Hotel Room: Stones Crossing

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Four Seasons Hotel

Upper Level: Little Colony, Stone’s Crossing, Waterloo Lower (Lake) Level: San Jacinto Ballroom East & West

Hilton Hotel

4th Floor: Room 400/402

Room locations 95

education

TUESDAY 8:30 - 9:45 AM

TUESDAY 8:30 - 9:45 AM

State of Market Rate Financing The Hunt For the Right Opportunity

Bonds

Room: Stones Crossing

Room: San Jacinto Ballroom West

future markets

education

money

96

Moderator

Moderator

Panelists

Panelists

It is clear that traditional financing can be challenging. We need banks! What do private and institutional 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!

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 never 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.

Granger MacDonald, MacDonald Companies Mike Backman, AmeriSphere Mortgage Chris Bergmann, ARA Affordable Housing Mark Ragsdale, PNC Real Estate

Jerry Wright, Dougherty & Co. David Danenfelzer, Texas State Aff. Housing Corp.

Jim Shaw, Capital Area Housing Finance Corp.

Cody Wilson, Merchant Capital

TUESDAY 8:30 - 9:45 AM

Year 15 - A Whole New Experience (*)

Compliance Issues - Trouble in Paradise

Room: San Jacinto Ballroom East

Room: Little Colony

current issues

education

TUESDAY 8:30 - 9:45 AM

compliance issues

Moderator Panelists

Moderator

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

Mike Sugrue, Silverleaf Companies

Panelists

Cynthia Bast, Locke Lord, LLP Todd Crow, PNC Real Estate Jeff Kunitz, Marcus & Millichap Chris 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 decisions that will prepare your Post Year-15 property for success. Panel members will examine the opportunities and legal challenges facing owners of maturing 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 property 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.

Compliance issues are often complex and confusing. Gain a better understanding of the compliance 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 tenants, 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.

education

George Littlejohn, Novogradac & Company LLP

*Pending CLE Credit

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TUESDAY 10:30 - 11:45 AM

TUESDAY 10:30 - 11:45 AM

Equity - Straight Talk

Where do Cities Invest & Why?

Room: 400/402 (Hilton Hotel)

Room: San Jacinto Ballroom East

future markets

education

money

Moderator

Moderator

Panelists

Panelists

Nicole Flores, City Real Estate Advisors Sam Ganeshan, Hudson Housing Capital Daniel Kierce, RBC Capital Markets Gary Robinson, Raymond James Eric 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% applicable percentage rate and how investors are going to handle this change in the future. Panel members will discuss pricing, current trends and market conditions. Learn what equity providers currently consider 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.

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Justin MacDonald, MacDonald Companies Bernadette Mitchell, City of Dallas Housing & Community Srvcs. Dept.

Eta Paransky, Houston Housing Authority Betsy 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 designated “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 concentrate 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.

TUESDAY 10:30 - 11:45 AM

TUESDAY 10:30 - 11:45 AM

Social Services - Making the Connection

Recent Legal Issues in Housing and Development (*)

Room: San Jacinto Ballroom West

Room: Little Colony

current issues

Moderator Panelists

Roland Broussard, RealTex Development Mike Clark, Alpha Barnes Real Estate Services Jennifer Gonzales, Alamo Area Mutual Hsg. Assoc.

Enriching, empowering and providing the supportive services needed in today’s affordable housing communities can sometimes be difficult to execute.

According to Texas Department of Housing & Community Affairs (TDHCA), the inability of owners and managers to deliver and document the services they promised has become the predominant finding 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.

Moderator

Toni Jackson, Coats l Rose

Panelists

Cynthia Bast, Locke Lord, LLP Mark Foster, Law Office of Mark D. Foster John Shackelford, Shackelford Melton & McKinley

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

education

JOT Couch, Inter-Faith Group

compliance issues

Texas Supreme Court case on ad valorem tax exemptions as well as the ongoing federal ICP lawsuit. The panel will review recent changes to Fair Housing regulations and its impact on the state allocation process. The panel members will also explore 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 toughest questions and concerns to this group of legal experts! *Pending CLE Credit

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TUESDAY 10:30 - 11:45 AM Crowdsourcing

Room: Stones Crossing

energy + social media

presenter

education

Stephanie 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 retailer is best suited for a specific commercial space.

This presentation will emphasize the tools and resources to facilitate crowdsourcing as well as the benefit it has in brand building at a developer and community level.

CROWDSOURCING: CREATE COMMUNITY, BEFORE BUILDING A COMMUNITY

100

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

TUESDAY 1:45 - 3:00 pm

TUESDAY 1:45 - 3:00 pm

Debt - Stepping Up to the Plate

HUD Updates & Opportunities (*)

Room: 400/402 (Hilton Hotel)

Room: San Jacinto Ballroom East

future markets

money

education

Moderator

Toni Jackson, Coats l Rose

Panelists

Moderator

David Saling, Chase

Panelists

Jason Aldridge, Wells Fargo Frank Brown, Citi Community Capital Valerie Williams, Bank of America Merrill Lynch John 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 climate. Changes are occurring daily in the financing 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 increasing and more. This session will help you navigate through the financing maze today and determine what is best for your deal.

102

Ray Landry, Davis-Penn Mortgage Monica 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 committed 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 threeyear 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 partners. 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

TUESDAY 1:45 - 3:00 pm

TUESDAY 1:45 - 3:00 pm

Getting the Deal Done Right!

An In-depth Look at Working with Non-Profits & Public Housing Authorities

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

Room: Little Colony

current issues

compliance issues

Moderator Panelists

Moderator

Diana McIver, DMA Development Co., LLC Barry Palmer, Coats l Rose Lisa Stephens, Pinnacle Housing Group

Mahesh Aiyer, Community Bank of Texas

Panelists

Naomi Byrne, Housing Authority of Texarkana Macy Kislinsk, National Equity Fund Mark Mayfield, Texas Housing Foundation Michelle 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 public housing units, an operating subsidy, and capital funds- or if you’ve got a yen for difficult “preservation” 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.

The 2012-2013 QAP has been a hot topic for affordable housing industry leaders. This session will review the 2012 round and what worked and didn’t work for the Applicants. Texas Affiliation of Affordable Housing Providers (TAAHP) members have worked diligently to build a consensus and our developers, consultants, attorneys, property management and construction companies, syndicators and investors have weighed in.

education

Sarah Anderson, S2A Development Consulting

This session will review the ICP lawsuit and recent request to the Texas Attorney General and its potential impact on the 2013 application round and touch on what the legal briefs and responses mean to the development community. Comments, questions 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

103

TUESDAY 1:45 - 3:00 pm

TUESDAY 3:30 - 4:45 pm

Innovative and Energy Efficient Natural Gas Technologies Add to Your Bottom Line

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

Room: Stones Crossing

energy + social media

money

presenter

education

Margaret 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. Consumers today are much more saavy about energy efficiency. Find out why gas is the right choice for your communities.

Moderator

James Feild, Bank of America Merrill Lynch

Panelists

Leila Ahmadifar, Citi Community Capital Priscilla Almodovar, Chase Joe Hagan, National Equity Fund Jeff 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 governmentsponsor 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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TUESDAY 3:30 - 4:45 pm

TUESDAY 3:30 - 4:45 pm

Opportunities in New Market Tax Credits, Renewable Energy and Historical Tax Credits

Getting the Most from Your Third Party Partners

Room: San Jacinto Ballroom West

Room: Stones Crossing

future markets

compliance issues

Moderator

Panelists

Panelists

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 payin 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. Underwriting for NMTC Commercial Space Revenue in a predominately affordable residential property will also be discussed.

Due diligence is a big part of the pre-application and application process. Join this panel for an indepth 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 required 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.

Joy Horak-Brown, New Hope Housing Inc. William Callihan, Capital One Kevin Goldsmith, Chase Leigh Ann Smith, Bank of America Merrill Lynch

Terri Anderson, Anderson Capital, LLC James Dismukes, Phase Engineering Darrell Jack, Apartment Market Data Diane Kinney, FDI Management

education

Moderator

Time is money! Find out how your third party partners can help you save both prior to pre-applications.

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TUESDAY 3:30 - 4:45 pm

wednesDAY 8:30 - 9:30 am

Recapture is Not a Four Letter Word

One on One with the Texas Department of Housing and Community Affairs (TDHCA) Leadership Team

Room: Little Colony

Room: Four Seasons Ballroom compliance issues

education

Moderator

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Dennis Hoover, Hamilton Valley Management

Panelists

Wendy Langlais, Reznick Group George Littlejohn, Novogradac Sean O’Connor, Dauby O’Connor & Zaleski

The million dollar question? How to calculate recapture! State and the Federal Governments have different roles in determining compliance and recapture. 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 transfers or there is a foreclosure. They will also discuss casualty losses and losses in federally declared disaster zones.

Moderator

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

Panelists (pictured left to right)

Tom Gouris, TDHCA Michael Lyttle, TDHCA Patricia Murphy, TDHCA Cameron Dorsey, TDHCA Tim Irvine, TDHCA

For once outside of a Board meeting, the Texas Affiliation of Affordable Housing Providers (TAAHP) is able to gather TDHCA leadership into one group to be focused on issues of interest to TAAHP members and attendees 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!

wednesDAY 9:30 - 10:30 am

wednesDAY 10:30 - 11:30 am

Federal & Legislative Issues in Our Nation’s Capitol

Washington Wire

Room: Four Seasons Ballroom

Room: Four Seasons Ballroom

Moderator speakers

Rick Goldstein, Nixon Peabody James Miller, Tax Legislative Solutions, LLC

Moderator

Bobby Bowling, Tropicana Building Corp.

Panelists

Kent Conine, Conine Residential Group Barry Kahn, Hettig/Kahn Development Corp.

Granger MacDonald, MacDonald Companies Dan Markson, The NRP Group

Join former Texas Deptartment of Housing and Community Affairs (TDHCA) Board Chair, National Association of Home Builders (NAHB) Past President and incoming NAHB Housing Credit Group Chair Kent Conine, incoming NAHB Multifamily Council Chair Granger MacDonald along with longtime NAHB members Bobby Bowling, Barry Kahn, and Dan Markson, for an update on tax credit, multifamily and other building issues 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.

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 socalled “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 unless 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!

education

Jeff Whiting, City Real Estate Advisors

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