Patrick Laborde is director of Stonehenge’s tax credit services underwriting team. He leads a platform which focuses on investing in projects that generate federal and state tax credits and making tax credit equity bridge loans. During his tenure at Stonehenge, Laborde has underwritten transactions providing more than $500 million of private capital to real estate and renewable energy transactions. Laborde earned his bachelor’s degree in management from Louisiana State University, a master’s degree from Loyola University New Orleans and a master’s degree in finance from Louisiana State University.
Partner Barnes & Thornburg LLP
Katrina Thompson represents investors, syndicators and community development entities in transactions involving low-income housing, historic, solar and new markets tax credits. She also represents clients in commercial leasing, general real estate and loan transactions. Ms. Thompson advises on transactions that frequently involve a variety of funding sources, including traditional construction and permanent loans, tax-exempt and taxable bonds, HUD- and USDA Rural Development-insured loan products, Section 8 and USDA Rental Assistance subsidies, grants and a variety of state and local loan programs. Passionate about the law, community development and the creation of affordable housing, Ms. Thompson personally believes in the work that she does. Ms. Thompson is appreciated for the ways she brings efficiency and a practical, reasonable approach to problem solving when negotiating and closing deals. A member of Barnes & Thornburg's Diversity and Inclusion Committee, Ms. Thompson is dedicated to supporting programs and initiatives that create opportunity for everyone.
Partner Squire Patton Boggs
Executive Director Chase
Tim Karp serves as an executive director for the Chase Community Development Tax Credits Group at Chase. In this role, he manages origination activities for historic tax credit (HTC) equity investments throughout the country. Mr. Karp utilizes HTCs as a flexible financing tool, enabling the preservation of important historic structures. He has committed his career to financing community development projects that marry significant community benefits and financial success. Previously, he was vice president with Chase, leading new markets tax credit (NMTC) equity originations in the Southwest, working with a variety of community partners to bring much needed, low cost capital to important community development projects in low-income areas. Before his role with Chase, Mr. Karp served as assistant vice president for another active tax credit equity investor, originating and closing NMTC and HTC transactions. Mr. Karp has also worked for a community development entity and real estate developer Lowe Enterprises, where he worked on a variety of large-scale commercial real estate development and acquisition projects throughout the country. Mr. Karp holds a bachelor’s degree in economics and German from Claremont McKenna College.
Partner & CEO MacRostie Historic Advisors
Albert Rex is a Massachusetts-based historic real estate consultant and strategist with more than 20 years of experience in the Northeast. Rex has worked with clients that include developers and organizations, municipalities, and institutions that have complex preservation, permitting, and zoning issues. Rex is a former executive director of the Boston Preservation Alliance, Boston’s citywide nonprofit preservation advocacy organization. While at the Alliance, he was involved in numerous projects and planning processes that focusing on historic preservation’s role as an economic development tool. He was one of four authors of the original legislation that created the Massachusetts Historic Rehabilitation Tax Credit (MAHRTC) and has consulted on that matter as a technical advisor to Preservation Massachusetts Inc., the statewide nonprofit advocacy organization. Rex has a bachelor’s degree from the University of Rhode Island, a master’s degree in Historic Preservation from Boston University, and has completed courses in business administration at Babson College.
Warren Sebra is a partner in the Portland, Ore., office of Novogradac. Mr. Sebra has experience in affordable housing and community development, including low-income housing tax credit (LIHTC), new markets tax credit (NMTC), historic rehabilitation tax credit (HTC) and opportunity zones transactions. He has worked extensively on financial statement audits, tax return preparation, final cost certification audits, transaction underwriting, placed-in service applications, LIHTC compliance, NMTC compliance and NMTC allocation applications. Mr. Sebra has also contributed to various publications, including the Novogradac Journal of Tax Credits, the Low-Income Housing Tax Credit Handbook and Novogradac Historic Rehabilitation Handbook. Mr. Sebra is a frequent speaker at industry conferences and seminars on affordable housing and community development industry topics. He received a bachelor’s degree in accounting and a master’s degree in accounting from Brigham Young University. Mr. Sebra is licensed in Oregon and California as a certified public accountant.
President and CEO Henderson and Company
Irvin M. Henderson is the principal of Henderson & Company, a development company with expertise in the areas of community development and historic preservation, commercial, residential and enterprise development. Mr. Henderson has an extensive track record in downtown revitalization, multi-family development and commercial development for urban core infill. He is the former president and CEO of Henderson Financial Services and the former CEO of Gateway Community Development Corporation. Mr. Henderson is immediate past chair of the National Trust Community Investment Corporation, a trustee of the Community Capital Trust, a trustee emeritus of the National Trust for Historic Preservation, past chair and current board member of the National Community Reinvestment Coalition, finance and audit chair of the National Main Street Center, advisory board member Monticello and board member of several new markets tax credit community development entities. He is re-developing the New Granada Theater with the Hill CDC in the historic Hill District of Pittsburgh along with 40 units of housing and the ICA GreenRise Center in Chicago. He is developing the historic Masonic Temple and the A. G. Gaston Office Building in Birmingham as historic national monuments in Alabama. He is developing a post-industrial business center in the Ensley neighborhood in Birmingham. Over the last few years, he completed a manufacturing facility in Lumberton, N.C., apartments in S.C. and a Job Creation Center for the Arc of Hilo, in Hawaii.
President Heritage Consulting Group
Cindy Hamilton joined Heritage Consulting Group in 2004 and heads the firm’s Philadelphia office. In this capacity, Ms. Hamilton develops strategies for owners to maximize rehabilitation incentives and she represents clients in negotiations through all aspects of the historic tax credit (HTC) process. With 25 years of experience in the industry, Ms. Hamilton has a comprehensive understanding of the regulatory process and is adept at identifying creative solutions to achieve favorable outcomes for clients. Before joining Heritage, Ms. Hamilton worked as a Mid-Atlantic regional historic consultant, listing dozens of buildings in the National Register and managing hundreds of historic tax credit projects. With a background in architectural conservations, she developed specialties in historic building technologies and architectural finishes. Ms. Hamilton holds a bachelor’s degree in environmental design and planning from the State University of New York at Buffalo and a master’s degree in science in historic preservation from the University of Pennsylvania. Ms. Hamilton has also completed advanced coursework in architectural conservation at the Smithsonian Center for Materials Research and Education.
Brian Weaver counsels investors, community development entities (CDEs), nonprofit organizations and developers in all aspects of financing tax credit transactions. He has substantial experience helping clients navigate transactions that generate state and federal historic rehabilitation tax credits (HTCs), state and federal new markets tax credits (NMTCs), and state and federal renewable energy tax credits. Prior to law school, Mr. Weaver worked as a paralegal at Howrey LLP in Washington, D.C., from
2004 to 2006; as an intern for U.S. Rep. Kenny Hulshof in 2003 and as an intern at the White House in 2003.
Partner Heritage Consulting
John Tess started Heritage Consulting Group in 1982, when the historic preservation field was still in its infancy–the Secretary of Interior Standards was written in 1976 and the federal historic tax credit (HTC) program started in 1978. Mr. Tess was working at the Oregon State Historic Preservation Office, responsible for reviewing HTC applications. He saw that developers and architects were submitting applications where they clearly did not understand the program rules and also did not put their projects in a favorable light. Mr. Tess believed that, with proper guidance, applicants could secure NPS approvals quicker, achieve an overall better project and, by being efficient, be more profitable. These were the guiding principles he used to form Heritage. With the firm based in Portland, Oregon, Mr. Tess quickly established a reputation as a tenacious advocate for his clients. By the 1990s, Heritage dominated historic preservation work in Oregon and Mr. Tess actively pursued HTC work across the country. An office was established in Washington, D.C., and Heritage secured projects in San Francisco, Seattle, Chicago, Washington, D.C., Miami Beach, Fla., and other major metropolitan areas. Many of the projects were historic boutique hotels, only then becoming popular. As with Portland clients, national clients appreciated Mr. Tess’s tenacity, creativity and advocacy. One of the few tax credit consultants whose roots go back to the beginning, Mr. Tess is well regarded as a voice for the private developer in the continuing public debate on how to create a better HTC program. It was for this perspective that he was asked by first lady Laura Bush to participate in Preserve America, a national summit to review historic preservation in the United States, and to offer strategic direction moving forward in the 21st century. In addition to frequently speaking at conferences for both public and private sectors, he also has a regular column in the Novogradac Journal of Tax Credits. Mr. Tess is a board member of Preservation Action, the National Housing and Rehabilitation Association and an active participant in the Historic Tax Credit Coalition, sitting on its Historic Preservation Committee. Over the years, he has sat on many governor-appointed boards, appointed by Gov. Theodore Kulongoski to Oregon’s Task Force on Historic Property, and was elected its chairman. He serves as a governor-appointed board member of the Oregon Cultural Trust.
Senior Vice President Bank of America Merrill Lynch
John Panno is a senior vice president in the tax credit investment group at Bank of America Merrill Lynch. Prior to joining the bank in December 2013, Mr. Panno was a founding principal of NGP Capital, where he provided advisory services to corporations and real estate developers in structuring tax credit transactions. In addition to his experience with NGP Capital, Mr. Panno is former tax counsel of The Sherwin-Williams Company, where he was responsible for structuring historic rehabilitation and low-income housing tax credit transactions, as well as coordinating state and local tax planning and litigation. Before joining Sherwin-Williams in 1996, Mr. Panno was a tax manager for Arthur Andersen in Chicago and was assistant tax counsel for The Chicago Bridge & Iron Company. Mr. Panno is licensed to practice law in Illinois and Pennsylvania.
Vice President U.S. Bancorp Community Development Corporation
As a business development officer for U.S. Bancorp Community Development Corporation (USBCDC), Robert Espeland has participated in more than $2 billion in state tax credit transactions in more than 30 states. Espeland has been involved over the past 23 years with state tax credits involving historic, brownfield, affordable housing, film, infrastructure development and enterprise zone programs. Prior to joining USBCDC in 1998, Espeland held various banking positions including retail and commercial banking, trust services and asset management. Espeland holds a bachelor’s degree from the University of Missouri-St. Louis and a master’s degree from Fontbonne University.
President Restoration St. Louis
Founder and CEO Jeffers & Co.
Joshua Jeffers is a private equity investor and the founder and CEO of Jeffers & Co., a socially responsible impact investment firm. Jeffers & Co. owns interests in operating companies and real property assets. The firm works closely with state and local governments to advance public/private investments in environmental sustainability, historic preservation, urban revitalization, and high quality affordable rental housing. Prior to forming Jeffers & Co. in 2011, Jeffers worked in the acquisitions department of Chicago-based Walton Street Capital. Over the last 20 years, Jeffers has participated in $2.7 billion in commercial real estate transactions. He serves on the board of directors for the Wisconsin Historical Foundation and the Wisconsin Historical Society. Jeffers holds a bachelor’s degree in finance and real estate from the University of Wisconsin-Madison, and a master’s degree in public policy from the John F. Kennedy School of Government at Harvard University.
Senior Vice President Bank of America
Senior Director of Outreach and Support National Trust for Historic Preservation
Renee Kuhlman serves as senior director of outreach and support for the National Trust for Historic Preservation and oversees their grants, awards, educational trainings, quarterly journal, as well as their state and local policy efforts. In her 22 years with the organization, Ms. Kuhlman has helped preserve the federal historic tax credit during tax reform, assisted legislators and advocates adopt, expand, and protect dozens of state historic tax credits and worked on the campaign to put in place dedicated funding for maintaining historic resources in our national parks. Additionally, she speaks nationally on a variety of topics including advocacy, written several articles, blogs and briefs on policy issues, and developed close working relationships with preservation advocates across the country. Ms. Kuhlman earned a master’s degree in historic preservation from the University of Vermont and a bachelor’s degree in history from the College of William and Mary.
Nathan Ware is a partner in the Cleveland office of BakerHostetler. Mr. Ware is a member of the firm’s business group and tax group and he serves as co-leader of the firm’s tax credit finance and economic development incentives team. Mr. Ware focuses his practice on planning and structuring tax-advantaged investments in the context of development projects nationwide. A significant portion of Mr. Ware’s practice comprises representing developers, banks and other financial institutions in connection with the redevelopment and financing of historic buildings. He has significant experience and expertise employing and integrating federal and state historic tax credits, federal and state new markets tax credits, conservation easements, opportunity zones investments and various state and local incentives, into the overall capital stack for such projects. Mr. Ware is a member of the Historic Tax Credit Coalition, the Novogradac NMTC Working Group and the Novogradac Opportunity Zones Working Group. He is also an active member of his community serving on the Board of the Cleveland Christian Home and as a tutor at the Orchard STEM School on Cleveland’s West Side. Mr. Ware earned his bachelor’s degree, M.B.A. and J.D. from The Ohio State University. He earned an LLM in taxation from Case Western Reserve University.
Senior VP and Managing Director of Acquisitions and Project Management NTCIC
Kandi Jackson oversees the acquisitions and project management team of NTCIC with a focus on historic tax credit (HTC) and new markets tax credit (NMTC) investments, which is primarily responsible for finding, underwriting, closing, and initiating the first equity and loan disbursements to a project. Additionally, she originates and manages NTCIC’s upper-tier investor relationships. Jackson joined NTCIC in 2008, bringing more than 20 years of senior-level experience in real estate development and finance. Jackson was formerly a director at Wachovia where she originated and managed developer relationships through underwriting, closing, and asset management of complex transactions, including both HTC and NMTC investments. Prior to this, she served as a vice president with PNC and Simpson Housing Solutions (formally KBMH), where she originated LIHTC and HTC investments. She also managed Simpsons Housing Solutions’ East Coast Division, including originators, project managers, and construction inspectors. Jackson began her real estate career with Bovis Construction as a Construction Manager, where she established on-site project development experience for high-profile historic and non-historic new construction projects. Jackson is licensed as a general contractor and general engineer in California, as well as a real estate broker in California, North Carolina, and South Carolina. She received a bachelor’s degree from UCLA and an MBA from Pepperdine University.
Director of Project Management Huntington Bank
Director of Public Policy and Government relations, Marketing Novogradac
Peter Lawrence is director of public policy & government relations for Novogradac. In this role, he coordinates the company’s public policy and government relations work on low-income housing tax credit (LIHTC), the new markets tax credit (NMTC), the historic rehabilitation tax credit, renewable energy tax credits, and U.S. Housing and Urban Development programs. Before joining Novogradac, Mr. Lawrence was the senior director of public policy and government affairs for Enterprise Community Partners, where he led the execution of Enterprise’s policy and advocacy agenda. His primary issue responsibilities were tax (including LIHTC and NMTC advocacy as well as tax incentives to promote green and sustainable building), affordable housing preservation and rental housing policy. While at Enterprise, he helped found the Affordable Rental Housing A.C.T.I.O.N. (A Call To Invest in Our Neighborhoods) campaign. He was the secretary of the board of directors of the Affordable Housing Tax Credit Coalition and a member of the board of directors of the New Markets Tax Credit Coalition. Mr. Lawrence was also a legislative and policy associate at the National Council of State Housing Agencies. Mr. Lawrence also was a housing policy analyst for the Center on Budget Policies and Priorities, a congressional fellow for Sen. Jack Reed of Rhode Island in Reed’s capacity as the Ranking Member of the Senate Housing and Transportation Subcommittee, and a presidential management fellow for the Office of Policy Development & Research at the U.S. Department of Housing and Urban Development. In addition to his federal experience, he served as an analyst for the affordable housing group of Chicago Metropolis 2020, and as an appointed member of the Interagency Taskforce on Homelessness of the city of Berkeley, Calif.
Managing Director Chase
Kevin Goldsmith is the managing director for Community Development Tax Credits (CDTC) and Intermediaries Lending at Chase, which has continually expanded its market share and leadership as a national investor in new markets tax credits (NMTCs), historic tax credits (HTCs) and lending for Community Development Financial Institutions (CDFIs). Mr. Goldsmith joined the Chase CDTC team in 2006 and has grown the team to become an important line of business for the bank. He oversees a national team that originates and structures NMTC and HTC equity investments and debt facilities for CDFIs. His team works with industry partners and business units throughout Chase to identify, screen, and underwrite community development projects. Kevin’s team manages a $4 billion tax credit portfolio and nearly $500 million in loans to CDFIs in support of commercial and housing projects in low-income communities. Prior to joining Chase, Mr. Goldsmith spent six years as a director with the National Development Council (NDC) and NDC’s Grow America Fund, a national nonprofit CDFI and SBA 7a small business lender. While with NDC, Mr. Goldsmith provided small business financing and technical assistance services to promote economic development in disadvantaged areas throughout the U.S. and Puerto Rico. Mr. Goldsmith received his bachelor’s degree from the University of Iowa and a master’s degree from DePaul’s Kellstadt Graduate School of Business in Chicago. As a complement to his passion for Chicago and community development finance, he is also a 2020 fellow of Leadership Greater Chicago and current ULI Chicago Yield Cohort participant.
U.S. Representative 3rd District of Oregon
A lifelong resident of Portland, Oregon, Congressman Earl Blumenauer is one of Oregon’s innovative leaders. While still a college student at Lewis and Clark College, he led the campaign in Oregon to lower the voting age. He was a key player just two years later as one of the youngest legislators in Oregon’s history in a landmark session for school funding, ethics reform and Oregon’s groundbreaking land use laws. As a Multnomah County Commissioner and member of the Portland City Council, Blumenauer’s innovative accomplishments in transportation with light rail, bicycles and the street car, planning and environmental programs and public participation helped Portland earn an international reputation as one of America’s most livable cities. Elected to the U.S. House of Representatives in 1996, Blumenauer has been a tireless advocate for the 3rd Congressional District. He’s recognized for his creative, innovative policies and accomplishments, and also his political leadership in Oregon and nationwide. He tackles controversial issues and finds ways to break ideological and partisan gridlock with a unique approach to problem solving that brings people together. He is currently a member of the Ways and Means Committee, Chairman of the subcommittee on Trade and a member of the subcommittee on Health. These assignments give Blumenauer a unique platform to promote critical issues like Medicare for All and the Green New Deal. Blumenauer has been a champion for rebuilding and renewing our nation’s infrastructure, economic security for families, protection of public lands, stopping gun violence, ending the prohibition of marijuana, and criminal justice reform.
Tom Boccia is a partner in the Cleveland office of Novogradac, where he specializes in community development, including historic rehabilitation tax credit (HTC), new markets tax credit (NMTC) and low-income housing tax credit transactions. Mr. Boccia has more than 30 years of public accounting experience providing audit, tax and consulting services. He has extensive experience providing services to the real estate industry, with an emphasis in commercial and residential development projects. In addition, he has experience with U.S. Department of Housing and Urban Development auditing requirements and providing tax and accounting services to private equity funds. His experience includes working with complex financing for community development real estate developments, including using NMTCs, HTCs, public/private partnerships and other federal, state and local tax credits and incentives. Mr. Boccia also has extensive experience in preparing financial forecasts for HTC and NMTC deals as well as syndicated real estate investments. Mr. Boccia also works extensively with community development entities, tax credit equity sponsors and real estate developers. Mr. Boccia serves as the technical editor for the Novogradac Historic Rehabilitation Handbook and for the HTC content of the monthly Novogradac Journal of Tax Credits. He is a speaker at industry events, and serves as chairman of Novogradac & Company’s annual Historic Tax Credit Conference. Mr. Boccia received a bachelor’s degree in business administration with an emphasis in accounting from Bowling Green State University. He is licensed in Ohio as a certified public accountant.
U.S. Representative 18th District of Illinois
Congressman Darin LaHood, born and raised in Peoria, serves the constituents of the 18th District of Illinois. Sworn into the U.S. House of Representatives on Sept. 17, 2015, LaHood quickly transitioned into office after his special election win on Sept. 10. He won re-election to serve his third full-term in Congress on Nov. 3, 2020, defeating his opponent with 70% of the vote. Prior to his election to Congress, LaHood served four years in the Illinois State Senate, beginning in 2011. LaHood spent more than nine years as a State and Federal Prosecutor. From 2001-2006, he worked for the U.S. Department of Justice as an Assistant United States Attorney in Las Vegas, Nevada. LaHood has also served as an Assistant State's Attorney in Cook County and Tazewell County. From 2006 up until his election to the House of Representatives, he practiced with the Peoria law firm of Miller, Hall & Triggs. LaHood currently serves on the House Ways and Means Committee after being selected by his colleagues in January of 2018. The Ways and Means Committee is the House’s oldest committee and has jurisdiction over all taxation, trade and tariffs, and other revenue-raising measures. He serves on the Ways and Means Subcommittees on Tax Policy and Oversight. In March 2021, LaHood was appointed by House Republican Leader Kevin McCarthy to serve on the House Permanent Select Committee on Intelligence. The committee oversees the nation’s intelligence agencies including components of the Departments of Defense, Homeland Security, Justice, State, Treasury and Energy. LaHood serves on the Counterterrorism, Counterintelligence and Counterproliferation (C3) and the Intelligence Modernization and Readiness (INMAR) Subcommittees. LaHood also serves on the House Democracy Partnership. He currently co-chairs the U.S.-China working group, the U.S.-Brazil Caucus, the Digital Trade Caucus, the U.S.-Lebanon Friendship Caucus, the Congressional Bus Caucus and the Congressional Soccer Caucus. LaHood, a third generation Peorian, graduated from Spalding High School. He earned a bachelor’s degree from Loras College and holds a J.D. from The John Marshall Law School. In 2013, he was selected as an Edgar Fellow, a program run by former Governor Jim Edgar, which highlights future Illinois leaders. In 2008, LaHood was recognized in Peoria as a 40 Leaders Under Forty award winner.
John R. DeJovine is a principal in the Cleveland office of Novogradac. He specializes in financial
statement audits, tax return preparation and final cost certifications while working with
numerous real estate investors, syndicators and developers. He has also worked extensively on
structuring, business consulting and financial modeling for transactions involving new markets
tax credits, historic tax credits and low-income housing tax credits. Additionally, Mr. DeJovine
is a Housing Credit Certified Professional and has taken the lead on several compliance service
engagements primarily focusing on tenant file compliance. Mr. DeJovine received a bachelor’s
degree in business from Ohio University, a master’s degree in accountancy from Cleveland State
University and is licensed in Ohio as a certified public accountant.
Austin Power is a principal in the Dover, Ohio, office of Novogradac where he specializes in new
markets tax credits (NMTC), historic tax credits (HTC), and opportunity zones transactions. Mr.
Power works extensively on financial statement audits, tax return preparation, cost certification
audits, compliance reporting and NMTC allocation applications. He has contributed to various
publications, including the Novogradac Journal of Tax Credits and is a frequent speaker at
conferences on topics related to the NMTC and HTC industries. He received his bachelor’s
degree in accounting and finance and his master’s degree in business administration from Walsh
University. Mr. Power is licensed in Ohio as a certified public accountant.
David Graff Jr. is a principal in the Cleveland office of Novogradac. Mr. Graff works extensively
with real estate lower-tier and fund partnership audits and taxation, as well as various GAAP
and program compliance consulting engagements involving new markets tax credits, historic
rehabilitation tax credits, renewable energy tax credits, and the opportunity zones incentive.
Additionally, Mr. Graff has experience with federal and state historic cost certifications, financial
modeling, and agreed-upon procedures engagements involving safe harbor compliance and
reporting. He has also assisted with due diligence services on several affordable housing sale/
purchase transactions. He has contributed to the Novogradac Journal of Tax Credits and is a
speaker at the company’s NMTC and HTC preconference workshops. He holds a bachelor’s
degree in business administration from Ohio University and is licensed as a certified public
accountant in Ohio.
George Barlow is a principal in the Dover, Ohio, office of Novogradac, where he specializes in new markets tax credits (NMTCs), historic tax credits (HTCs), opportunity zones incentive (OZ) and other state tax credits and incentives. Mr. Barlow has consulted on more than 300 tax credit transactions with cumulative development financing exceeding $4 billion. He works with real estate developers, community development entities (CDEs), syndicators, lenders and investors on the complex structuring, financing and syndication of NMTC, HTC and OZ transactions. He also advises on tax and regulatory matters in addition to providing traditional audit and tax services. Mr. Barlow earned a bachelor’s degree in accounting and master’s degree in accounting from Kent State University. He is licensed as a certified public accountant in Ohio.
Michael Kressig is a partner in the St. Louis office of Novogradac, where he specializes in the opportunity zones (OZ) incentive, the historic rehabilitation tax credit, the new markets tax credit and the low-income housing credit. He has more than 25 years of public accounting and business advisory experience, including extensive experience assisting developer, syndicator, community development entity and investor clients with complex financial, syndication and investment structuring, including the use of tax-incentivized financing. His consulting expertise includes financial modeling and projections, deal structuring and related services. Mr. Kressig is currently assisting qualified opportunity fund sponsors in the newly emerging area of OZ investing. His OZ expertise includes fund structuring, financial modeling and projections, developing compliance due diligence and asset management policies and procedures, and evaluating and structuring real estate and operating business portfolio investments with consideration toward OZ requirements. Mr. Kressig also works extensively with real estate partnership and compliance audits and advises clients on accounting, tax and regulatory issues. He is a frequent contributor to the Novogradac Journal of Tax Credits and a regular speaker at industry events. Prior to joining Novogradac in 2012, Mr. Kressig directed the assurance services and real estate services practice groups at Sabino & Company. Mr. Kressig also served as a senior manager with Deloitte LLP, where he specialized in the financial services industry as well as merger and acquisition consulting and due diligence. Mr. Kressig received a bachelor’s degree in business administration, majoring in accounting, from Rockhurst University. He is licensed in Missouri as a certified public accountant.
Nicolo Pinoli is a partner in the Portland, Ore., office of Novogradac, where he specializes in affordable housing and community development, including the low-income housing tax credit (LIHTC), new markets tax credit (NMTC), historic rehabilitation tax credit (HTC) and opportunity zones (OZ). Mr. Pinoli has extensive experience in a wide range of services, including financial statement audits; tax return preparation; writing NMTC and LIHTC applications; LIHTC, NMTC, OZ and HTC transaction underwriting; consulting on LIHTC, NMTC, OZ and HTC transaction structuring; and LIHTC, NMTC and OZ compliance. A frequent speaker at industry conferences, Mr. Pinoli also delivers several webinars every year on topics such as NMTC exit strategies, NMTC allocation applications and LIHTC Year 15 strategies. He has published many articles on various technical issues confronting the affordable housing and community development industries, and serves as a technical editor of the Low-Income Housing Tax Credit Handbook and Novogradac’s Tax Reform Resource Guide. Mr. Pinoli received a bachelor’s degree in accounting and a master’s degree in professional accounting from Brigham Young University and is licensed in California, Oregon and Washington as a certified public accountant.
Annette Stevenson is a partner in the Cleveland office of Novogradac. She has more than 25 years of public accounting and business advisory experience, with an emphasis on complex financing for community development real estate projects, including new markets tax credits (NMTCs), historic rehabilitation tax credits, opportunity zones, public/private partnerships, and other federal, state and local tax credits and incentives. Ms. Stevenson assists her clients in transaction structuring, financial modeling, NMTC compliance and reporting, due diligence and feasibility, and navigating accounting and tax issues. Her client base includes community development entities (CDEs), real estate developers, investors, municipalities and other government entities, community development corporations, financial institutions and nonprofit organizations. Additionally, Ms. Stevenson provides a broad range of advisory services to CDEs, including transaction structuring and financial forecasts, development and implementation of internal compliance policies and procedures, NMTC allocation applications, compliance review and Community Development Financial Institutions Fund reporting. Ms. Stevenson is a nationally recognized NMTC expert and speaker who has presented to audiences across the nation. She also served as chairwoman of Novogradac & Company’s New Markets Tax Credit spring conference in Washington, D.C., for several years. Ms. Stevenson was the 2006 president of the Cleveland Chapter of Commercial Real Estate Women and was named to Crain’s Cleveland Business “Forty under 40” in 2009. She graduated from Cleveland State University and is licensed in Ohio as a certified public accountant.
Managing Partner Novogradac
Michael Novogradac is the managing partner of Novogradac, which has been in business since 1989. He specializes in affordable housing, community development, historic preservation and renewable energy. Mr. Novogradac’s focus is in real estate taxation and accounting. He is the author of numerous real estate-related tax and accounting articles and books, including the Novogradac Opportunity Zones Handbook, the New Markets Tax Credit Handbook and the Low-Income Housing Tax Credit Handbook. A frequent speaker at tax incentive conferences and forums throughout the country, Mr. Novogradac also broadcasts a weekly podcast, Tax Credit Tuesday. As a leading industry expert, he is frequently quoted in national media, such as The Wall Street Journal, The New York Times, Politico, Bloomberg, Forbes, CNBC News, NBC News, National Public Radio and Crain’s New York Business. Mr. Novogradac is active in advocating for the inclusion of affordable housing, historic preservation, community development and renewable energy incentives in federal and state tax policy, and serves as advisor on industry and governmental affairs for the NMTC Working Group, LIHTC Working Group and the Opportunity Zones Working Group. Mr. Novogradac provides input to the U.S. Department of the Treasury, Internal Revenue Service, Community Development Financial Institutions Fund, and other federal and state agencies as well as members of Congress, including testimony before the United States House Committee on Ways and Means. Mr. Novogradac also serves on the executive committee of the Housing Advisory Group and the boards of directors of the Affordable Housing Tax Credit Coalition, the National Housing Conference, the NMTC Coalition and Historic Tax Credit Coalition. In 2016, Mr. Novogradac was inducted into the Affordable Housing Hall of Fame. He also received The Affordable Housing Visionary Award from The NHP Foundation in 2018, in recognition of his contributions to the affordable housing community and in 2020 was honored as one of the top 25 OZ Influencers through Opportunity Zone Magazine. Mr. Novogradac graduated from the University of California, Los Angeles, with a bachelor’s degree in economics. He received an MBA from the University of California, Berkeley. He is licensed in California, Oregon, Maryland and Texas as a certified public accountant. You can follow Mr. Novogradac on twitter @novogradac and on his blog at www.novoco.com/blog or listen to his weekly podcast at www.novoco.com/podcast.
Matt Yunker is a manager for the Government Consulting and Valuation Advisory Services
(GoVal) group in the Cleveland office of Novogradac. Mr. Yunker has extensive experience in
market analysis and valuation, ranging from multifamily assets in the low-income housing tax
credit industry to various other asset types that leverage historic tax credits and new markets
tax credits. In addition to valuation based in the real estate industry, Mr. Yunker also has more
than five years of experience assisting on valuations of renewable energy installations such as
solar panels, wind turbines, anaerobic digesters and other renewable energy installations in
connection with financing and structuring analyses performed by various clients. Mr. Yunker
has a bachelor’s degree in family financial management from The Ohio State University.
As President of NTCIC, Merrill directs fundraising and acquisitions opportunities, develops and implements overall strategy and new lines of business for the company and coordinates governing board/staff relations.
Merrill joined NTCIC in 2016, bringing 19 years of experience in community development finance that includes the structuring and closing of over $1 billion utilizing Historic, New Markets, and Low Income Housing Tax Credits. Before joining NTCIC, Ms. Hoopengardner was a Principal at Advantage Capital Partners, a finance company that specializes in using public-private partnerships to raise venture capital and small business capital for investments and loans in underserved areas. At Advantage, Merrill raised over $100 million per year in state and federal NMTC funds that were used to provide access to capital for small businesses nationwide.
Merrill began her tax credit career with the law firm Nixon Peabody LLP, where she represented a number of prominent community development entity, investor and project sponsor clients.
Merrill received her bachelor’s degree and law degree from Duke University. She is the chair of the Historic Tax Credit Coalition and a member of the Novogradac Journal of Tax Credits Advisory Board, the SunTrust CDE Advisory Board, the Banc of America CDE Advisory Board, and the Executive Committee of the New Markets Tax Credit Coalition.
Principal Confluence Government Relations
Patrick Robertson has spent nearly two decades in Washington and advises executive teams, boards of directors and senior decision-makers on public policy issues that pose opportunities and challenges to their organizations' enterprise values. Mr. Robertson’s expertise is in the fields of tax, energy, telecommunications, trade and transportation. During his career, Mr. Robertson successfully represented a range of clients including Fortune 50 companies, small associations, a territorial government, and others. He coordinates a 75-member trade association, handling all aspects of its operation and leads its lobbying strategy. Mr. Robertson’s successes include reviving a preservation tax credit after it was eliminated early in the tax reform process of 2017. In addition, he has successfully navigated other legislative challenges like the proposed regulation of an industry and government attacks on specific products or business lines. Mr. Robertson spent 10 years as a managing director at FTI Consulting and as a partner at C2 GROUP, highly regarded bipartisan government relations and lobbying firms. In 2019, he founded Confluence Government Relations to continue that work. Prior to joining C2 GROUP, Mr. Robertson served on the staff of Sen. Jay Rockefeller (D-W.Va.) for nine years, the last five as deputy to the chief of staff. He also served as campaign manager for Sen. Rockefeller’s 2008 re-election campaign. Mr. Robertson is a licensed attorney and a graduate of American University’s Washington College of Law. He received his bachelor’s degree from the University of Pittsburgh.
Executive Director Chase
Keith Pettus serves as an executive director for the Chase Community Development Tax Credits Group, focused on the growth and management of the historic tax credit (HTC) equity investment portfolio. Chase invests in HTCs at the federal and state levels as an offset to tax appetite, furthering the investment in our communities. These impactful investments may be in conjunction with community development real estate construction financing, twinned with new markets tax credits, or focus on expanding workforce and affordable housing throughout the nation. Prior to Chase, Pettus spent five years at a broker and syndicator of tax credit transactions, developing a subject matter expertise in HTCs. He graduated from Lehigh University with a bachelor’s degree industrial engineering and has earned the right to use the Chartered Financial Analyst, and Chartered Alternative Investment Analyst designations.
Partner Carlisle Tax Credit Advisors
Eric Darling founded Carlisle Tax Credit Advisors in 2006 with the goal of bringing innovative structuring to tax credit transactions. Mr. Darling has nearly 30 years of experience in the tax credit syndication industry, assisting developer, owners, syndicators and investors optimize transactions that use federal and state tax credit incentives. Utilizing Mr. Darling’s extensive experience in the syndication of tax credits, Carlisle has become one of the most active syndicators of historic tax credits (HTCs) through a series of proprietary funds. Mr. Darling has brought Carlisle into transactions that monetize HTC, low-income housing tax credit (LIHTC), solar, wind and biomass tax credits, as well as the advanced manufacturing tax credit for creating manufacturing facilities for alternative energy equipment. Before founding Carlisle, Mr. Darling was a principal in Ernst & Young’s tax credit investment advisory services group, where he focused on tax-advantaged investments during his 12-year tenure. His clients included many of the largest institutional investors, syndication firms and property developers in the country. Mr. Darling holds a bachelor’s degree from the Massachusetts Institute of Technology. In addition, Mr. Darling is a frequent conference speaker on the topic of tax equity financing.
Founding Partner Roth Law Firm
Richard Roth is the founder and managing partner of the Roth Law Firm. He specializes in tax credit transactions, business law, estate planning, and successions. Roth began his career as a Certified Public Accountant in Charleston, South Carolina. After three years of practicing public accounting, he returned to his hometown of New Orleans to attend Tulane Law School and start his law practice. Before opening Roth Law Firm, Roth was a partner in a boutique tax law firm in New Orleans. Roth annually serves as a guest lecturer at Tulane University Law School and serves on several nonprofit committees throughout New Orleans. In addition to Roth Law Firm, Roth is a founding member of Strata Services LLC–a multi-family office that serves the needs of high net worth individuals, RAMM SDF–a tax credit investment fund that has provided credit equity to 10 projects throughout the company, and with his wife, Mary Martin, RAMM Real Estate which has successfully redeveloped 100,000 square feet of historic buildings into multi-family and office use.
Acquisition Agent Foss and Company
John Sorel joined Foss & Company in August 2019. He focuses primarily on sourcing federal and state historic rehabilitation tax credits in the Northeast for the various Foss Historic Funds. Sorel brings more than 30-years of commercial real estate finance experience to Foss & Company. He began his career as a commercial banker and has held senior asset management roles as a managing director at Related Capital Company/Chartermac, Madison Realty Capital and Berkeley Point Capital. Most recently Sorel was a senior vice president of originations at Stratford Capital Group in Boston where he focused on originating low-income housing tax credit transactions for various corporate investors. He received his bachelor’s degree in economics from Syracuse University in 1984.
Partner Spencer Fane LLP
Shawn Whitney is the co-chair of the firm’s real estate group and also chairs the tax credit finance and opportunity zones team. He is focused on structuring low-income housing, historic rehabilitation and new markets tax credit (NMTC) transactions for developers, investors, syndicators and lenders. His primary practice focus is representing developers, lenders, QALICBs, and tax credit syndicators/investors on the adaptive reuse of historic buildings utilizing state and federal tax credit programs along with other incentives such as tax abatements/exemptions, TIF, and other development incentives. Mr. Whitney has extensive experience dealing with state tax credit issues and twinned projects. He also closes both 4 percent and 9 percent low-income housing tax credit developments. Many of his deals require him to work with clients to layer HOME funds, nonprofit grants, and NMTC leverage loans into tax credit projects. Often his projects utilize HUD 221(d)(4) construction loans as well as HUD 223(f) refinancing. As well as his focus on the development side of tax credit projects, he regularly represents federal tax credits syndicators/investors with (i) acquisition and disposition of projects subject to LIHTC land use restriction agreements; and (ii) general partner removal issues. Mr. Whitney and his team also represent clients on the acquisition and disposition of large multifamily complexes throughout the country. Mr. Whitney also has extensive experience with the development of student and senior housing.
Chief, Technical Preservation Services National Park Service
Brian Goeken, AICP, is chief of the Technical Preservation Services (TPS) division of the National Park Service (NPS). The NPS, in partnership with the State Historic Preservation Offices, administers the federal Historic Tax Credit (HTC) program with the Internal Revenue Service. Since the program's inception in 1976, it has generated more than $96.9 billion in private investment in historic rehabilitation, in communities large and small throughout the nation, and is the federal government's largest and most effective program promoting historic preservation and community revitalization through historic rehabilitation. TPS also issues the Secretary of the Interior's Standards for the treatment of historic properties, which include the rehabilitation standards widely used at the national, state and local levels, as well as for the HTC program, and develops other historic preservation guidance and information on preserving and rehabilitating historic buildings. Prior to joining the NPS in 2011, Mr. Goeken was a deputy commissioner in Chicago's planning and development department for more than 10 years, and has more than 25 years of experience in historic preservation, urban planning, architecture, economic development and urban design.