Jeff McMillen advises clients on federal tax and pension policy matters. Before joining Akin Gump, Mr. McMillen was the staff director of the House Ways and Means Committee’s Subcommittee on Select Revenue measures, where he served under Committee Chairman Bill Thomas, R-Calif., and Subcommittee Chairman Jim McCrery, R-La. During his tenure with the committee, Mr. McMillen assisted in drafting the Energy Tax Policy Act of 2003, developing the Jobs and Growth Tax Relief and Reconciliation Act of 2003 and crafting the American Competiveness Act of 2002 and the Community Solution Act of 2001. Previously, he served on the staff of the committee’s Subcommittee on Oversight. Before joining the government, Mr. McMillen was the tax counselor for the 3,000-member American Electronics Association. Mr. McMillen received his juris doctor in 1994 from the Washington University School of Law, where he was the articles editor of the Washington University Law Quarterly, and his master’s degree in taxation from the Georgetown University Law Center in 2000.
President and Principal Rapoza Associates
Bob Rapoza has more than four decades of experience as a professional lobbyist. He is an expert on the federal budget and appropriations process, with special expertise in federal housing and community development policy. His knowledge and desire to ensure programs for disadvantaged communities and populations are not only sustained, but are able to reach their goals, fueled his drive and success in securing and increasing funding for his clients’ work–even in a difficult budget environment. Mr. Rapoza is responsible for numerous legislative accomplishments, including saving federal rural housing and community development programs from budget cuts, establishing the Intermediary Re-lending Program at the U.S. Department of Agriculture and securing funding for community development programs at the Department of Health and Human Services. At the Department of the Treasury, he effectively steered the New Markets Tax Credit (NMTC) program to enactment. Mr. Rapoza also has earned recognition in the education and job training policy arena. He created a YouthBuild program at the Department of Housing and Urban Development (HUD) and guided its more recent transfer to the Department of Labor. He became involved with community development issues while serving with the Massachusetts Department of Community Affairs. After moving to Washington, D.C., Mr. Rapoza held executive positions with the Rural Housing Alliance, the National Rural Housing Coalition (which he continues to serve as executive secretary and legislative director) and the Rural Coalition, before establishing Rapoza Associates in 1984. Mr. Rapoza has served on the boards of several housing and community development organizations and has been a featured speaker on legislative issues, government and politics at numerous governmental, industry and trade association conferences. He has been profiled in The Washington Post and in the authoritative Beacham’s Guide to Key Lobbyists. Mr. Rapoza is a graduate of Boston College and the University of Massachusetts at Amherst.
Associate Program Manager, Financial Strategies and Research CDFI Fund
Oscar Gonzales is a researcher and associate manager for the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). Mr. Gonzales is associate manager for the CDFI Fund’s Office of Financial Strategy and Research. His research focuses on the evaluation and performance of the CDFI Fund’s national award and tax credit programs. Previously, he worked for the United States Congress at the U.S. Congressional Research Service (CRS) in the area of federal economic and community development programs, providing policy research support for members of Congress and Congressional Committees. His policy portfolio at CRS included federal programs such as the CDFI Fund, the U.S. Small Business Administration, the Economic Development Administration at the U.S. Department of Commerce, and the Community Development Block Grant program at the U.S. Department of Housing and Urban Development. Prior to working at CRS, he worked in the Division of Insurance and Research at the Federal Deposit Insurance Corporation, analyzing the financial performance of community banks and conducting research on the impact of national disasters on financial institutions and local communities. He is completing his PhD at the University of Maryland.
Attorney Butler Snow
With more than 15 years of experience in public finance and tax matters, Ashley Wicks leverages her experience and knowledge as an attorney and CPA to bring creative solutions to a variety of public finance and tax matters, ultimately working to grow and improve the vibrant communities her clients serve. In her extensive practice, Wicks primarily focuses on new markets tax credits, governmental and 501(c)(3) bond financing transactions and state and local tax matters. Wicks has closed more than $600 million federal new markets tax credit (NMTC) transactions for transformative mixed-use developments, manufacturing facilities, community facilities, educational facilities, hospitals, and federally qualified health centers, among others. She has represented a variety of entities in these transactions, including the investors, the community development entities (CDEs), the leverage lenders, the sources lenders, the guarantors, the sponsors and the project entities, as well as representing the CDEs and the projects in the unwind of the NMTC transactions. Wicks also serves in a variety of roles for governmental and 501(c)(3) bond financing transactions, including bond counsel, company counsel, special tax counsel, underwriter counsel and disclosure counsel. She has experience representing new issuers and bond issuances involving newly authorized security. As bond counsel, Wicks has efficiently advised local housing authorities in connection with affordable housing transactions involving low-income housing tax credits and other issuers in the defeasance of bonds. An award-winning attorney, Wicks has been consistently recognized for her superior work and service by her clients and peers, including being honored by Best Lawyers in America® since 2020 and Super Lawyers® since 2012. She has been voted Best Tax Attorney in the Jackson Free Press’s Best of Jackson since 2018. Wicks’ work and civic involvement has also been honored by the American Bar Association, National Bar Association, Mississippi Business Journal and Visit Jackson, among others. Wicks is a Fellow of the Leadership Council on Legal Diversity and American Bar Foundation, as well as a Scholar of the Mississippi Society of Certified Public Accountants. She is actively involved in a number of legal and civic organizations, including the American, National, Magnolia, and Capital Bar Associations, as well as the National Association of Bond Lawyers. Wicks is recognized as a thought leader in her practice and frequently speaks on tax and public finance topics at industry conferences and events across the country, including at annual Novogradac conferences.
Jodie Fish is a manager in the Portland, Ore., office of Novogradac, where he specializes in new markets tax credits (NMTCs), opportunity zones, low-income housing tax credits and historic rehabilitation tax credits. In addition to providing various consulting services, he works extensively on financial statement audits, tax return preparation, final cost certifications, financial forecasts and agreed-upon procedures engagements. Mr. Fish’s specialization with the NMTC includes experience with Community Development Financial Institution reporting requirements and NMTC allocation applications. Before joining Novogradac, he obtained several years of experience at other northwest CPA firms, where he provided audit, accounting, tax compliance and business advisory services to manufacturers, assisted living and skilled nursing facilities, contractors, real estate developers, property owners, employee benefit plans and nonprofit organizations. Mr. Fish also has tax and accounting experience with individuals, closely held partnerships, LLCs, S corporations and C corporations. Mr. Fish is a regular contributor to the Novogradac Journal of Tax Credits and has presented on accounting and tax topics in various industry conferences. Mr. Fish received his bachelor’s degree in business administration with an emphasis in accounting from Portland State University. He is licensed in Oregon as a certified public accountant.
Rob Bryant is a partner in the Dover, Ohio, office of Novogradac. He specializes in consulting services for new markets tax credit (NMTC), renewable energy tax credits (RETCs), historic tax credit (HTC) and opportunity zone transactions. Mr. Bryant has provided consulting and financial modeling services for more than 450 transactions, exceeding $11 billion in NMTC allocation, including numerous twinned structures using HTCs and RETCs and stacked structures combining state and federal NMTCs. He also has experience with financial statement audits, tax return preparation, final cost certification audits, cost segregation studies and transaction document review services. He earned a bachelor’s degree in accounting from Kent State University. He is licensed as a certified public accountant in Ohio.
Partner Squire Patton Boggs
Bob Labes' practice focuses on serving as bond counsel, credit enhancement provider's counsel, underwriter's counsel, purchaser's counsel, borrower's counsel and issuer's counsel on conduit financing transactions by public bodies for the benefit of private entities, primarily in the areas of multifamily housing, health care facilities and other nonprofit facilities. He also has extensive experience working on traditional municipal finance transactions and transactions involving new market tax credits (NMTCs), representing community development entities, leverage lenders and qualified active low-income community businesses (QALICBs), including transactions that have combined NMTCs with tax-exempt and taxable municipal bonds and with historic rehabilitation tax credits (HTCs).
CEO CEI Capital Management
As CEO of CEI Capital Management LLC (CCML), one of the nation’s premier new markets tax credit (NMTC) investment firms, Traci R. Vaine oversees all aspects of the organization’s operations including capital sourcing and deployment, development sourcing and underwriting, investment recommendations, accounting, compliance, asset management and public relations. On Oct. 1, 2020, she succeeded Charlie J. Spies, III, who served as CCML’s CEO for 14 years. CCML is a wholly owned subsidiary of Maine-based Community Development Financial Institution, Coastal Enterprises, Inc. (CEI). Since 2002, CCML has deployed more than $1 billion in federal and state NMTC allocation in more than 95 projects across the United States without a single year of financial loss, directing resources into projects located in underinvested rural communities, helping to create and preserve 8,849 jobs and supporting Community Benefit Agreements committing an additional $12.5 million into programs that support people and communities with low incomes. Vaine joined CCML in 2008 and served as CCML’s chief compliance officer for eight years. She was responsible for the organization’s NMTC program compliance, developing and overseeing the implementation of programs, policies, and procedures to ensure full regulatory compliance at the federal, state and/or local levels. Vaine also served as primary liaison with regulators and advised management on related developments, with an emphasis on the growing and complex NMTC program. She led CCML’s asset management team and served as the Ex Officio member of the Asset Management and Compliance Committee. In her work at CCML, Vaine co-founded the CCML NMTC Roundtable, a forum for practitioners to discuss current topics and industry trends. She is recognized as an industry expert on topics of compliance and asset management. Prior to joining CCML, Vaine was the co-founder of Fantasy Stock Market Inc., an industry-leading e-learning stock market program. She also served as a financial advisor at Smith Barney. Vaine received her bachelor’s degree in finance from Arizona State University and is a certified compliance and ethics professional.
President and CEO Central Valley NMTC
Oliver Baines is a 27-year resident of Fresno, California, with an extensive record of community service. His professional career began in law enforcement as a police officer for the Fresno Police Department. During his 11 years as a Fresno police officer, he was a highly decorated officer, receiving two Life Saving Medals, 2008 Officer of The Year recognition, Chief’s Commendations, and multiple Peer Commendations. Baines’ experience in community policing caused him to run and become a council member for the City of Fresno. During this time as a councilmember, he was active in many programs addressing the economic, social, and environmental problems afflicting Fresno, including Workforce Investment Board, the Fresno Works, the San Joaquin Valley Air Board District, the Successor Agency to the Redevelopment Agency of the City of Fresno, along with numerous community-based programs.
Baines also became involved in workforce development programs and was the founder of Valley Apprenticeship Connections (VAC), a workforce development program that focuses on preparing young men and women from the hardest neighborhoods to serve populations in the Fresno region for a career in the construction trades. Since 2016, the VAC has enrolled 628 students and 425 completed the program. Of the 347 who gained employment their wages average $21.50/hour.
In 2020, the City of Fresno named Baines to lead the commission on police reform. As commissioner, he worked with city leaders and activists to develop new policies addressing needed change in city policing and is now a member of the implementation board. Baines was a board member of CVNMTC for nine years. During his time on the board, he was actively involved in sourcing investments and was involved in the board approval process for CVNMTC’s investments. After retiring from life as a city council member, he transitioned to CVNMTCS's President/CEO in 2019.
Executive Vice President Greenline Ventures
Kermit Billups is an executive president of Greenline and is involved in activities including transaction structuring, tax credit syndication, debt financing, origination, underwriting and new markets tax credits (NMTCs) compliance. Mr. Billups began his career at Capmark in 1999 and has been a member of the NMTC platform since 2004. He has been in investment banking since 1992, with an emphasis on developing solutions for deficiencies in low-income communities nationwide, including complex and innovative financings to benefit low-income housing tax credit (LIHTC) and NMTC transactions. He has participated in more than $3.5 billion of development finance and affordable housing capital. He has successfully completed more than 50 taxable and tax-exempt revenue bond programs to serve low- and moderate-income individuals. Before joining Capmark, Mr. Billups worked for Honeywell, IBM, Legg Mason and Stephens Inc. Mr. Billups has a bachelor’s degree in economics from Harvard College and a master’s degree from the Harvard Graduate School of Business Administration.
Rebecca Darling is a partner in the metro Atlanta office of Novogradac. Ms. Darling has experience in all areas of real estate accounting, with an emphasis in the new markets tax credit (NMTC), historic rehabilitation tax credit and affordable housing sectors. She specializes in audit and taxation of NMTC and low-income housing tax credit partnerships, including those subject to the auditing requirements of the U.S. Department of Housing and Urban Development. She has extensive experience in assisting in the facilitation, review and preparation of NMTC allocation applications. Ms. Darling works closely with the Novogradac NMTC Working Group, a membership organization that is highly regarded for its effort in addressing technical programmatic issues surrounding the NMTC industry. She is a contributor to the Novogradac New Markets Tax Credit Handbook and Novogradac Introduction to New Markets Tax Credit Booklet. Additionally, she is a frequent speaker at industry events. Ms. Darling earned a bachelor’s degree in business administration with a concentration in accounting from Kennesaw State University. She is licensed in Georgia as a certified public accountant.
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.
Chairman House Ways and Means Committee
Congressman Richard E. Neal represents the First Congressional District of Massachusetts in the United States Congress. Congressman Neal was born in Worcester, Mass., on February 14, 1949, and was raised and educated in the city of Springfield. He is a 1972 graduate of American International College, where he received his bachelor's degree in political science and was a member of the National Honor Society. He received his master’s degree in public administration from the Barney School of Business and Public Administration at the University of Hartford in 1976. Congressman Neal was first elected to the United States House of Representatives in 1988. At the beginning of the 116th Congress, Congressman Neal became chairman of the House Ways and Means Committee. Congressman Neal is the dean of both the Massachusetts Delegation and the New England Congressional Delegation. He is a long-time guest lecturer at the University of Massachusetts in Amherst, and a trustee at Mount Holyoke College. He is a national trustee of John F. Kennedy Library in Boston. He served as the Mayor of the city of Springfield from 1984 to 1988, and was highlighted in Newsweek Magazine for his many accomplishments as mayor. Congressman Neal has been a lead sponsor of legislation to prevent American companies from moving offshore to avoid paying U.S. taxes. He has sponsored legislation that would increase the national savings rate by encouraging the use of individual retirement accounts, and has worked to make health care and tuition expenses tax deductible for middle class people. He successfully led the charge to eliminate the Alternative Minimum Tax (AMT) for middle-class families in America. He has a long legislative history of fighting to preserve and protect Medicare and Social Security. Congressman Neal is an At-Large Whip for the House Democrats. He is a co-chairman of the New England Congressional Caucus, where he advocates for the unique regional interests of the six New England States. Congressman Neal is the Democratic Leader of the Friends of Ireland Caucus.
Senior Vice President Truist Community Capital
Jamise Goodman is a senior vice president and new markets tax credit (NMTC) relationship manager with Truist Community Capital, formerly known as SunTrust Community Capital, a subsidiary of Truist Bank. Truist Community Capital provides financing for complex real estate and business projects that provide jobs and services in distressed communities throughout the Southeast and Mid Atlantic states. For the past 15 years, Ms. Goodman has evaluated, analyzed, structured and closed millions of dollars of NMTC transactions. In addition, Ms. Goodman is responsible for educating clients and communities on the benefits of the NMTC program. Prior to working with the NMTC platform, Ms. Goodman developed an expertise in the low-income housing tax credit (LIHTC) and historic tax credit (HTC) programs. Ms. Goodman has been employed by Truist for more than 30 years and has experience in commercial banking, branch management, NMTC investments, LIHTC investments and HTC investments. Ms. Goodman received her bachelor’s degree from Emory University and her master’s degree in finance from Georgia State University.
President & CEO Uptown Consortium, Inc.
Beth Robinson is president and CEO of Uptown Consortium Inc. (UCI). UCI plays a pivotal role in advancing the development and direction of the city’s fastest-growing employment center. Since joining UCI in 2009, Robinson has leveraged the anchor institutions’ assets and ecosystem to transform Uptown into a thriving, multi-dimensional urban district. Under her leadership, UCI has utilized NMTC allocations to leverage an estimated $2 billion dollars of investment into the community has helped create jobs, provide access to healthy and affordable foods, community facilities and healthcare facilities, and bring renewed interest and development to the urban core. Local media have called the changes in Uptown a “renaissance,” and UCI has been awarded an Excellence in Economic Development Award from the International Economic Development Council and, most recently, an Excellence in Innovation Award from the Ohio Economic Development Association. Robinson brings more than 25 years of experience in community and economic development to UCI. Robinson is a Certified Economic Developer (CEcD) and received both her undergraduate and graduate degrees from the University of Cincinnati.
Director of NMTC Operations River Gorge Capital
Monica Blanton is the new market tax credit team lead for BrightBridge Capital’s subsidiary CDE, River Gorge Capital. Brightbridge is a certified CDFI, nonprofit commercial lender focused on supporting economic development. Since 2005, Ms. Blanton has worked in all aspects of NMTC operations and plays a key role in BridgeBridge’s success in being awarded $132 million in NMTC allocations to date. In addition to closing financings using River Gorge’s NMTC allocation into projects that have positive community impact, Ms. Blanton provides consulting services to help borrowers obtain and close NMTC financing from other CDEs, a role for which she has been dubbed a NMTC “Sherpa”. She leads engagement of River Gorge’s Advisory Board and oversees internal policy development and implementation for investor and regulatory reporting for BrightBridge’s NMTC and CDFI programs. Ms. Blanton is a Certified Public Accountant. Her professional experience includes eight years in public accounting with international firms in the area of assurance services. Subsequently, she provided management and supervisory consulting services for a variety of businesses in the areas of general business, financial systems, policies and procedures, financial reporting, and analytical analysis.
VP NMTC Investing New Markets Support Company
Donna Nuccio serves as vice president of new markets tax credit (NMTC) investing at New Markets Support Company (NMSC), an affiliate of LISC. In this role, Nuccio oversees all aspects of deploying NMTCs for clients, including deal origination and underwriting, tax credit investor relations, advisory board relations, post close portfolio management and compliance. Prior to joining NMSC, Nuccio served as a senior director of structured finance and healthy food access at Reinvestment Fund, where she was responsible for pipeline development, strategy and originations for the organization’s NMTC and equitable food system portfolios. Nuccio holds a master’s degree in social policy from the University of Pennsylvania and a bachelor’s degree in sociology from Saint Joseph’s University where she remains an adjunct professor. She also sits on the board of the Pan American Academy Charter School in Philadelphia.
Managing Director and Chief Impact Officer Advantage Capital
Sandra M. Moore is managing director and chief impact officer at Advantage Capital, a growth equity firm founded in 1992 with more than $3.6 billion AUM. Moore is a member of the Advantage Capital investment committee and a direct advisor to the diligence and structuring teams. Moore is also a member of the Advantage Capital fundraising team, which has brought in $225 million in capital during her four-year tenure. She has built the Advantage Capital Impact team, which creates data-driven initiatives to track and expedite portfolio growth, leads the communications and branding team and serves as the external-facing representative for Advantage Capital. Prior to joining Advantage Capital, Moore was the president of Urban Strategies, a national nonprofit corporation that works exclusively with for profit housing developers to rebuild distressed urban core communities using mix-finance, multi-family housing as the revitalization platform. Moore formerly served as the CEO of the Missouri Family Investment Trust, a public-private partnership entity leading Missouri’s multi-system reform efforts. Prior to joining the Family Investment Trust, Moore was senior vice president of St. Louis 2004 Inc., a region-wide effort, led by business, civic and political leaders, to transform the St. Louis regional economy and gear it for exponential growth in the 21st century.
She is the former director of the Missouri Department of Labor and Industrial Relations (DOLIR), where she served as a member of then Governor Mel Carnahan’s cabinet, and a former administrative judge with the United States Equal Employment Opportunity Commission. Moore is a graduate of Washington University in St. Louis. She received her J.D. from the School of Law and a bachelor’s degree in urban studies from the College of Arts and Sciences. She serves on several local and national boards and committees that work to strengthen the fiber of community, and she is a sought-after speaker and thought
leader on these issues.
Director of Commercial Lending New Mexico Finance Authority
John Brooks moved to New Mexico in 2003 and joined the New Mexico Finance Authority (NMFA) as a Financial Analyst in August 2003, working directly on several state programs administered by NMFA, but more specifically with the Drinking Water State Revolving Loan Fund (DWRLF). He was promoted to the director of commercial lending in 2009. As the managing director of lending, his primary responsibility is to deliver low cost funds to businesses and public bodies throughout New Mexico. Brooks has structured approximately $650 million different projects in New Mexico, which includes more than $450 million in various economic development projects throughout the state of New Mexico of which $285 million used new markets tax credits as the source of financing. A native of Aurora, Colorado, Brooks earned a bachelor’s degree in business management with a specialty finance in December 1995 from Fort Hays State University located in Hays, Kansas. After completing undergraduate studies, Brooks worked in the finance industry as a stockbroker for 10 years most of which with Charles Schwab in Denver. Brooks completed his studies for a master’s degree with a specialty finance at Capella University.
Trefor A. Henry
Associate Program Manager CDFI Fund, Office of Compliance Monitoring & Evaluation
Trefor Henry is an associate program manager in Office of Compliance Monitoring & Evaluation at the Community Development Financial Institution (CDFI) Fund. In this role, he is responsible for compliance monitoring and evaluation of the New Markets Tax Credit program. Prior to joining the CDFI Fund in 2004, Mr. Henry was a financial analyst with the National Federation of Community Development Credit Unions (NFCDCU), a certified CDFI. In this capacity, he was responsible for underwriting, portfolio management and compliance monitoring for NFCDCUs Capitalization Program–an investment and grant portfolio comprised of more than 125 community development credit union borrowers. Mr. Henry earned a master’s degree with a concentration in finance and marketing from New York University Leonard N. Stern School of Business and a bachelor’s degree in economics from Wesleyan University.
Senior Public Policy Manager Novogradac
Bob Ibanez is a senior manager in Novogradac’s public policy group in Washington, D.C. Mr. Ibanez works with new markets tax credit (NMTC) clients and is part of the NMTC Working Group. He is focused on expanding Novogradac’s work with community development financial institutions (CDFIs) around the country. Mr. Ibanez spent 13 years at the CDFI Fund, the final six as program manager of the NMTC and Bank Enterprise Award programs. Before that, Mr. Ibanez had a private consulting practice. He has also worked in the financial and community development industries. Mr. Ibanez has a bachelor’s degree from the University of Massachusetts, Amherst, and a master’s degree from The American College of Financial Services.
Gregory Clements is a partner in the Dover, Ohio, office of Novogradac, where he specializes in new markets tax credits (NMTCs), renewable energy tax credits (RETCs), opportunity zones transactions (OZ) and historic tax credits (HTCs). Since joining the company in 2004, he has worked closely with real estate developers, community development entities, syndicators and investors on structuring NMTC, RETC, OZ and HTC transactions in addition to providing traditional audit and tax services. Mr. Clements frequently speaks at industry conferences and seminars on topics related to the NMTC, HTC, OZ and RETC industries. Mr. Clements earned a bachelor’s degree in accounting and finance from Walsh University in North Canton, Ohio. He is a licensed certified public accountant in Ohio and Rhode Island.
Shawn Whitney is dedicated to structuring low-income housing, historic rehabilitation and new markets tax credit transactions. He represents developers, investors, syndicators, lenders and community development enterprises (CDEs). Whitney’s primary practice focus is representing all aspects of a tax credit financed transaction. His diverse expertise ranges from extensive experience in all of the aforementioned tax credit programs. In the new markets tax credit (NMTC) representing CDE’s on the deployment of NMTC allocations, qualified active low-income community business, and equity investors deployment of capital. He also has a passion for affordable housing representing a lender in the financing of hundreds of millions of dollars of LIHTC construction and permanent debt for both 4% and 9% investments. He also actively represents LIHTC developers throughout the country. Finally, he has enjoyed being involved in a billion dollars of historic rehabilitation projects using federal and state historic tax credits on both the development and financing side. Many of his projects also use other incentives such as tax abatements/exemptions, and tax increment financing. 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. Whitney also represents clients on the acquisition and disposition of large multifamily complexes throughout the country and is experienced with student and senior housing development.
Vice President US Bancorp Community Development Corporation
Tom Oldenburg is a Vice President with US Bancorp Community Development Corporation (USBCDC) responsible for originating and structuring NMTC and HTC investments located in markets throughout the East Region. He joined USBCDC in 2007 and has managed the origination and closing of more than 300 transactions, investing more than $650 million of tax credit equity. Prior to joining USBCDC, he worked for a real estate finance and land development consulting firm in New York. Tom holds an MA in Urban Planning & Real Estate Finance, and BAs in Business Administration and Political Science. Tom and his family live in St. Louis, Missouri.
Vice President and Senior Asset Manager US Bancorp Community Development Corporation
Brooke Roseberry is a senior asset manager on U.S. Bancorp Community Development Corporation’s new markets tax credit (NMTC) exit team. Roseberry has handled more than 350 unwinds and closes between 40 and 50 unwinds each year. She is the longest-tenured member of the team, and also serves as the leader and subject matter expert for exits involving USBCDE. She drafted many of the processes and practices that govern the best practices of USBCDC’s NMTC exit team. Before joining USBCDC, Roseberry was a practicing attorney. She spent two years with the City of St. Louis in the Problem Properties Unit of the City Counselor’s office. She also worked for seven years in medical malpractice defense at a mid-sized firm. Roseberry also created, opened, and managed a restaurant in an underserved community in St. Louis with a goal to build community from 2013 to 2017. Roseberry currently serves as a member of the board for Seed St. Louis. She previously held board positions with Downtown Children’s Center and the Fox Park Neighborhood Association. She holds a law degree from Washington University in St. Louis and a bachelor’s degree from Kenyon College in Gambier, Ohio.
Senior Vice President Capital One
John Chamberlain is a managing director at Capital One and leads its NMTC efforts nationwide. He has more than 33 years of experience in banking and finance and has been involved in the NMTC program since 2004. Capital One is active nationally in the NMTC program as investor, leveraged lender and CDE and has invested more than $3.4 billion in NMTC structured investments through its CDE, Capital One Community Renewal Fund, and other CDEs throughout the country. Prior to joining Capital One, Chamberlain was a director at Stonehenge Capital Company. Other experience includes venture capital investing with Enhanced Capital Partners and mergers and acquisitions with Stewart Enterprises, as well as various commercial banking positions in local and regional banks. Chamberlain received his bachelor’s degree from Louisiana Tech University and his master’s degree from Tulane University. He is a board member of the NMTC Coalition and of LiftFund, a nonprofit CDFI headquartered in San Antonio with offices in twelve states managing the nation’s largest microloan portfolio.
Manatt, Phelps & Phillips, LLP
With extensive tax and real estate knowledge, Sameer Patel advises clients ranging from institutional and corporate investors to community development entities and real estate developers on the use of tax incentive financing that is driving much of today’s social impact investment opportunities and economic development. Patel’s practice is focused on the syndication of federal and state new markets tax credits. His work also includes guiding clients through opportunity zones investments, low-income housing tax credit matters and historic rehabilitation tax credits. A respected thought leader, Patel frequently speaks at some of the industry’s top conferences on the gamut of tax credit-related topics.
Partner Spencer Fane LLP
Nick Anderson is chair of the Spencer Fane tax credit finance and opportunity zones team. He advises real estate developers, lenders, and investors on tax credit financing and opportunity zone matters to efficiently structure and close real estate deals, helping them take advantage of opportunities ranging from simple to extremely complex incentives and programs. He is well-versed in tax credit transactions, including historic tax credits, low-income housing tax credits, new market tax credits, opportunity zones, renewable energy tax credits and a wide variety of state tax credit programs. Often, Anderson makes clients aware of development incentive opportunities that they might not have considered otherwise, frequently layering federal and state tax credits to provide maximum financial benefits. Combining highly technical knowledge, responsiveness, and a communicative approach Anderson strives to provide the highest level of client services regardless of the size of the project. With a strong background in general corporate, federal tax, real estate, and financing legal matters, Anderson focuses on understanding the goals and objectives of business clients and applying those when pursuing applicable development incentives. His broad-based tax experience includes corporate and partnership tax planning, taxation of financial products, private equity, lease financing, public finance and tax-exempt bonds, real estate, and exempt organizations. Additionally, he assists nonprofit organizations in receiving their tax-exempt status and advising them on governance and compliance matters. All of this allows Anderson to effectively and efficiently counsel clients, understand the financial and business operation impacts, and provide high-quality legal advice to clients.
Managing Director, NMTC Enterprise Community Investment Inc.
Leah Rogan is managing director of Enterprise’s new markets tax credits (NMTCs) business, one of the industry’s largest allocatees of NMTC awards with more than $1 billion in investments and close to 100 high-impact properties financed. After joining Enterprise in 2010, Rogan served as a portfolio and compliance manager until 2014 when she joined Corporate Office Properties Trust, a real estate investment trust, as a principal analyst specializing in Enterprise Risk Management (ERM), Sarbanes-Oxley financial statement compliance and risk-based operational and compliance assessments. In 2017, she rejoined Enterprise as a senior asset manager when she oversaw a large portfolio of investments as well as assisted in the underwriting and originations for more than $62 million in NMTC investments. As managing director, Rogan leads originations, structuring, underwriting, closing and exits of Enterprise’s NMTC investments. Rogan has more than 14 years of real estate experience with a focus on commercial asset management, development, compliance, accounting and financial reporting. Prior to joining Enterprise, she worked for CohnReznick in the NMTC practice. Rogan holds a bachelor’s degree in accounting and business administration from King’s College. Rogan serves on the NMTC advisory boards for Opportunity Finance Network and Truist Bank.
Attorney Ginsberg Jacobs LLC
Darryl P. Jacobs, co-founder of the Chicago-based law firm, Ginsberg Jacobs LLC, has more than 20 years of experience in tax and corporate law. His practice focuses on international, state and federal tax matters, with a primary concentration on tax credit financing transactions. Jacobs regularly counsels developers, investors, syndicators, and lenders on new markets tax credits, historic tax credits, low-income housing tax credits and preservation easements. Additionally, Jacobs is frequently featured as a speaker at local and national tax conferences. His corporate experience includes mergers and acquisitions, complex corporate transactions and private placements. Jacobs is also adept in the structuring of joint ventures, limited liability companies, and partnerships. Jacobs was formerly a partner at Sachnoff & Weaver and Levenfeld Pearlstein LLC.
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.
Program Manager for New Markets Tax Credit Program CDFI Fund
Christopher Allison is the program manager for the new markets tax credit (NMTC) program at the Community Development Financial Institutions (CDFI) Fund. Mr. Allison previously served as associate program manager for the NMTC program. He oversaw the development of NMTC application materials, led the implementation of the NMTC evaluation process in the CDFI Fund’s new Awards Management Information System, and made recommendations for tax credit allocations. Prior to joining the CDFI Fund, Mr. Allison was a program manager at Single Stop USA, where he oversaw grant and performance management for a national portfolio of community-based organizations related to income supports. He worked on several innovative workforce development and asset building projects at Seedco, a national economic development intermediary. Mr. Allison has also held positions with Self-Help Ventures Fund and the Center for Community Capital in North Carolina. Mr. Allison holds a Master of City and Regional Planning from the University of North Carolina at Chapel Hill with an emphasis on economic development, and a bachelor’s degree in urban studies from Eugene Lang College at The New School in New York.
President Dudley Ventures
Director CDFI Fund
Jodie Harris is the director of the U.S. Department of the Treasury’s Community Development Financial Institutions Fund CDFI Fund. Ms. Harris has worked in both the public and private sectors for more than 25 years. Following her start as a commercial real estate and community development credit analyst, Ms. Harris served as president of a small nonprofit consulting firm providing technical assistance and education to small businesses and entrepreneurs. She spent several years in the Strategy and Business Architecture division of Accenture LLC, working with a range of clients including financial institutions, nonprofits and technology companies. Ms. Harris has extensive experience in policy research, and worked as a policy analyst with New York University’s Institute for Education and Social Policy, and with the U.S. Department of Agriculture where she focused on low-income food programs. Ms. Harris joined Treasury in 2007 as an associate program manager with the CDFI Fund, and later served as senior advisor to the director of the CDFI Fund. During her time with Treasury, she has managed grant programs and developed legislative and policy proposals for a wide range of issues with a focus on access to capital, community development banking, and financial inclusion. Most recently, as the director of Treasury’s Office of Small Business, Community Development and Affordable Housing Policy, Ms. Harris led a team of policy analysts in the development of policies and programs that support community and economic development nationwide. Ms. Harris originally hails from Philadelphia and completed her undergraduate studies at the University of Maryland. She holds a MBA and MPA from New York University.
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.
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.
Erin Neff is a principal in the Dover, Ohio, office of Novogradac. Since beginning her career with
Novogradac in 2007, Ms. Neff has gained an extensive background in real estate partnership
audits, federal and state partnership taxation, and compliance matters related to the new market
tax credit (NMTC), low-income housing tax credit (LIHTC) and investment tax credit industries.
Additionally, Ms. Neff works with nonprofit organizations, performing audits of such entities and
their federal awards. Ms. Neff has participated as a panelist at Novogradac’s NMTC conference
workshops and is a regular presenter for the company’s in-house training courses. She is a parttime accounting professor at Kent State University, her alma mater, where she holds a bachelor’s
degree in business administration and a master’s degree in accounting. She is licensed as a CPA
Robert Bennett is a principal in the metro Detroit office of Novogradac. Before joining
Novogradac in 2019, he worked in public accounting for more than 12 years providing services to
various industry particularly those involved in commercial, multifamily and affordable housing.
In addition to providing audit and review services, Mr. Bennett has extensive experience with
nonprofit and real estate entities including those subject to the auditing requirements of the U.S.
Department of Housing and Urban Development (HUD), including those subject to government
auditing standards and OMB Uniform Guidance. He has been a speaker at the Midwest
Association of Housing Cooperatives and is a member of Community Association Institute,
Institute of Real Estate Management and Detroit Economic Club. He received a bachelor’s and
master’s degree from the University of Windsor, a master’s degree from Walsh College and is
licensed as a certified public accountant in Michigan.
Nick Ives is a principal in the Andover, Mass., office of Novogradac, where he specializes in new
markets tax credits, historic rehabilitation credits, renewable energy credits and low-income
housing tax credits. In addition to providing various consulting services, he works extensively on
financial statement audits, tax return preparation, final cost certifications, financial forecasts and
agreed-upon procedures engagements. Before joining Novogradac, Mr. Ives was an accounting
manager at U.S. Bank Community Development Corporation. Before that, he was a senior
accountant with a regional certified public accounting firm in St. Louis, where he served clients
in the manufacturing, construction and real estate industries. Mr. Ives received a master’s degree
in accounting at Northeastern University and is licensed in Massachusetts and Missouri as a
certified public accountant.
Partner Husch Blackwell LLP
As a member of Husch Blackwell’s financial services industry team and the chair of Husch Blackwell’s tax credit finance & development practice group, Joseph Bredehoft has extensive experience in state and federal historic rehabilitation tax credits (HTCs) as well as state and federal new markets tax credits (NMTCs). In this capacity, Bredehoft works with developers, lenders, syndicators, community development entities, investors and other businesses in tax credit finance transactions throughout the country. Working out of St. Louis, Bredehoft uses his expertise to provide intelligent and efficient leadership in closing complex deals throughout the nation. In his practice, he handles everything from initial structuring concerns to the negotiation of business and legal issues throughout the transaction, as well as assisting clients’ post-closing issues and ongoing tax credit compliance requirements. His substantial experience includes investments involving both state and federal HTC and NMTC programs, as well as the development and redevelopment of projects ranging from office and retail properties in low-income communities to community facilities, hotels, factories and grocery stores. His thoughtful leadership enables clients to successfully accomplish their goals of maximizing both tax benefits and investment returns. Bredehoft is a sought-after and experienced attorney who frequently speaks on tax credit programs at conferences throughout the country. He obtained his bachelor’s degree from Truman State University and his juris doctor from the University of Missouri School of Law.