Mr. Fazzano, a Director for Boston Capital Finance, leads both the underwriting and the asset management teams. On the underwriting side, he is responsible for reviewing all third party reports, collecting due diligence, completing or reviewing investment summaries, negotiating loan documents and working with both bond council and bond trustees to ensure a successful closing process. Over the past several years, the transactions have consisted primarily of tax-exempt construction to permanent bonds ranging in size from $10 million to $65 million. During his 28 years at Boston Capital Finance, he has closed over $3.0 billion in affordable housing debt and worked with approximately 20 institutional investors including both insurance companies, banks and endowments.
On the asset management side, Mr. Fazzano is responsible for working with nationally recognized third party engineers to review both construction progress and change orders, overseeing all monthly construction draws as well as all investor reporting. Boston Capital Finance utilizes hands on asset management approach and visits each site both prior to closing and at construction completion. Each transaction is re-sized as part of the stabilization process to make sure that the project meets each investors required debt service coverage ratio. Once a property has achieved stabilization, Mr. Fazzano is responsible for the collection of monthly rent rolls, quarterly property financial statements and year-end audits. This information is then presented to our investors in a format that meets their internal requirements.
Additionally, Mr. Fazzano's responsibilities include aiding in Boston Capital Finance's fund raising initiatives including but not limited to creating debt initiatives, presenting investment alternatives to corporate executives and ultimately negotiating fund documents. Mr. Fazzano has over 35 years of lending experience and has been an employee at Boston Capital since 1994.
Executive Vice President Bellwether Enterprise Real Estate Capital
Jim Gillespie is executive vice president of Bellwether Enterprise Real Estate Capital LLC where he focuses on loan origination and management of developer relationships for the firm. Gillespie is also responsible for establishing and managing BWE’s Direct Bond Purchase Program. Gillespie has more than 20 years of diversified real estate experience focused on originating and structuring debt and direct equity investments for affordable housing nationwide. Before joining Bellwether, Gillespie was managing director at Hunt Mortgage Group. Previously, Gillespie was founding principal and managing director of Red Stone Partners where he helped build and manage their proprietary tax-exempt bond funds, deploying more than $2 billion in capital during his nine-year tenure. Prior to Red Stone, Gillespie was senior vice president of The Related Companies, responsible for the acquisition, repositioning and financing of nearly $2.2 billion in 80/20 bond-financed multifamily properties nationwide. Gillespie is a frequent speaker at national and regional affordable housing conferences covering various topics of workforce and affordable housing finance for both 9% and 4% LIHTC (Fannie Mae, Freddie Mac, FHA/HUD and tax-exempt bond purchase structures) as well as Section 8 preservation transactions. Gillespie holds a bachelor’s degree from Hanover College, an MPA in urban and regional planning and development from University of Louisville, and an MS in real estate development from Columbia University.
VP, Compliance Raymond James Tax Credit Funds Inc
Missy Covington is the director of compliance at Raymond James Tax Credit Funds Inc., which she joined in January 2006. Ms. Covington worked the previous seven years with Boley Centers for Behavioral Health Care, a nonprofit human services organization for the mentally ill. Most recently she was in charge of the HUD Section 8 Multifamily Housing program. Ms. Covington graduated with a bachelors degree in psychology from the University of South Florida. Ms. Covington is a Housing Credit Certified Professional (HCCP), has earned tax credit specialist and certified occupancy specialist designations from the National Center for Housing Management, the C10P from Spectrum Enterprises and holds the assisted housing manager certification from Quadel. Ms. Covington has been engaged to present nationally on numerous occasions with Spectrum Enterprises, Novogradac and Florida CARH.
President Praxis Consulting Group LLC
Eric Novak has more than 35 years’ experience in housing and human services policy and affordable housing finance. Since founding Praxis in 2004, he has assisted nonprofit, for-profit, and government organizations to develop and finance more than 85 affordable housing developments totaling more than 8,600 units and $1.6 billion in financing. Novak also provides technical assistance to public housing authorities in the areas of strategic planning, portfolio assessment, mixed-finance and RAD development and Choice Neighborhoods applications and implementation. He has a master’s degree in city planning from the Massachusetts Institute of Technology, with a concentration in real estate finance and housing and human service policy. Novak serves as treasurer of the Nevada Housing Coalition.
Managing Director of Sustainability National Housing Trust
Ryan Moya serves as National Housing Trust's (NHT’s) managing director of sustainability, where he leads NHT's sustainability program efforts that build upon a successful solar energy portfolio totaling over 10MW of built capacity across the country. Prior to joining NHT, Moya was the senior energy and sustainability program manager on CBRE’s Microsoft account, where he deployed global sustainability programs across Microsoft's portfolio of more than 900 facilities. Moya was also among the core team at the New York City Mayor’s Office of Sustainability who engaged citywide agencies and mobilized support for the city’s landmark buildings energy performance mandate legislation. At Simon Property Group, Moya supported three Simon properties that became the first in the state of Texas to secure $3 million in PACE financing for deep energy retrofits. Moya received his bachelor’s degree from UCLA and attended the University of Michigan for his graduate studies, receiving a dual master’s degree with a focus on decarbonizing the built environment.
Rachel Denton is a partner in the metro Kansas City, Mo., office of the
valuation, consulting, market research and government services division
of Novogradac. Ms. Denton has extensive experience performing
market feasibility studies, appraisals and consulting services for a broad
cross- section of clients in the low-income housing tax credit industry,
including developers, lenders, syndicators and state agencies. She also
specializes in conducting regional or market-wide housing studies for
various municipalities and agencies. Additional areas of expertise include
the valuation and analysis of properties benefitted by Section 8 HAP contracts, United States
Department of Agriculture Rural Development properties, and those applying for FHA financing
through the U.S. Department of Housing and Urban Development’s MAP program. Ms. Denton
is a frequent speaker and moderator at Novogradac and other industry conferences. Ms. Denton
has completed extensive real estate appraisal coursework through the Appraisal Institute and
received a bachelor’s degree in urban and regional studies from Cornell University. She served
on the board of directors for the Kansas City Commercial Real Estate Women organization for
several years, and is a member of the National Council of Housing Market Analysts. Ms. Denton
is a designated member of the Appraisal Institute and is licensed as a certified general real estate
appraiser in Missouri, California, and approximately one dozen other states.
Senior Vice President, LIHTC UMB Bank
Vice President Dominium
Jen Brewerton is the Vice President of Compliance for Dominium, and has been in the industry well over 20 years. At over 35,000 units, operating in 22 different states, Dominium is one of the nation’s largest and most innovative affordable housing development and management companies. Since 2017, Dominium has averaged adding 7,000 affordable housing units a year through resyndication or new construction. Ms. Brewerton is responsible for determining and implementing all affordable program policy and procedures for Dominium. Prior to joining Dominium, Ms. Brewerton has held a variety of influential positions in her field, including almost 10 years with Texas Department of Housing and Community Affairs (TDHCA) overseeing the Housing Tax Credit, Bond, HOME and Housing Trust Fund programs. After leaving TDHCA, Mr. Brewerton held senior positions at CohnReznick, Capstone Management, and Southwest Housing Compliance Corporation, a Project Based Section 8 Contract Administrator for the Department of Housing and Urban Development (HUD). Ms. Brewerton received her Bachelor of Arts degree from the University of Texas at Austin, and currently serves on the board of the Texas Association of Affordable Housing Providers and is Co-chair of the Compliance and Post-award Rules committee.
Morgan Debusk is a manager in the Portland, Ore., office of Novogradac. Ms. Debusk has
experience in all areas of real estate accounting, with an emphasis in new markets tax credit
(NMTC) and affordable housing sectors. She specializes in audit and taxation of NMTC and
low-income housing tax credit (LIHTC) partnerships, including those subject to the auditing
requirements of the U.S. Department of Housing and Urban Development, OMB Uniform
Guidance and OHCS. She has also has worked extensively in a wide range of services, including
financial statement audits; tax return preparation; final cost certification audits; and financial
forecasts of NMTC, LIHTC, historic tax credit and opportunity zones transactions. Ms. Dubusk
received a bachelor’s degree in business administration, majoring in accountancy and finance,
from Oregon State University. Ms. Debusk is licensed in Oregon as a certified public accountant.
Senior Vice President, Origination Cabretta Capital
Lou manages Cabretta’s national state tax credit acquisition efforts from Honolulu to Richmond. Lou draws on extensive legislative, legal, acquisition and underwriting experience in the tax credit industry. Most recently, Lou headed a national legislative lobbying effort aimed at creating and improving state affordable housing credit laws resulting in the successful passage of legislation in Hawaii, Arizona, Virginia and South Carolina.
Tara Rial is a manager for the Government Consulting and Valuation Advisory Services (GoVal) group in the metro Washington, D.C., office of Novogradac. Rial has extensive experience in market analysis and valuation of multifamily developments in the affordable housing industry. She has performed feasibility studies, rent comparability studies and appraisals for residential and commercial property types, as well as valuations of intangible assets including subordinate debt and favorable financing. Rial specializes in consulting for lenders, developers, syndicators and state housing agencies. Rial has a bachelor’s degree in business administration from Loyola University Maryland.
Director Coats | Rose
Megan Riess is a director in the affordable housing and community development practice group in the New Orleans office of Coats Rose PC law firm. She represents investors, borrowers, lenders and public bodies in the structuring, negotiation and documentation of credit facilities and bond transactions. This includes numerous commercial transactions utilizing a variety of government incentives, including state and federal new markets tax credits, state and federal historic rehabilitation tax credits, low-income housing tax credits, opportunity zones investments, Louisiana film tax credits, Louisiana angel investor tax credits, state and federal renewable energy tax credits and grants, community development block grants, HUD-insured loans, tax credit bridge loans, and tax credit bonds. Ms. Riess also represents clients in corporate matters such as formation, equity financing, negotiation and drafting of operating agreements and other organizational documents.
Managing Director Advantage Capital
Cindy Colvin is a managing director at Advantage Capital, leading the firm’s low-income housing tax credit team. Colvin has nearly 20 years of banking and real estate finance experience in both sales and underwriting capacities. Prior to assuming her role at Advantage Capital, Colvin was the head of credit delivery for Truist’s commercial real estate line of business. There she was responsible for leading a team of underwriters and portfolio managers within commercial real estate including private developers, REITs, affordable housing as well as low-income housing tax credit and new markets tax credit organizations. Colvin graduated from the University of Florida with a bachelor’s degree in finance and earned her MBA from the University of Georgia Terry College of Business.
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.
President & CEO Nevada HAND
Audra Hamernik is Nevada HAND's president and CEO, bringing more than 25 years of experience in real estate, financial services, social impact investing and lending, and business leadership. She most recently served as the executive director of the Illinois Housing Development Authority, leading a 300-person team to expand housing opportunities throughout the state. She has also served as principal of A. Hamernik & Associates Inc., leading the company’s development in affordable housing finance, and as executive director of Bluestem Housing Partners, a nonprofit housing developer. Hamernik is a member of the CEO Exchange, an appointee for the Nevada Housing Advisory Committee, serves on the Legislative Committee of the Affordable Housing Tax Credit Coalition, a member of the Vegas Chamber's Executive Women's Council, a member of the National Association of Homebuilders Affordable Housing Steering Committee, a board member of the Nevada Housing Coalition, and a board member of the Southern Nevada Homelessness Continuum of Care. She was recently named the 2021 Newcomer of the Year by Vegas Inc. Hamernik has a passion for advancing opportunity for the underserved through public-private partnerships that expand housing, foster community and economic opportunity, and growing businesses and teams. She earned her master’s degree, as well as her bachelor’s degree, in urban and regional planning from the University of Illinois.
Mark Sween, a partner at Dominium, is responsible for locating and closing acquisition opportunities. His work involves serving financial institutions in resolving problem properties that are on their watch lists and acquiring general partner interests in operating partnerships. Through his work, Dominium has acquired 42 properties in 10 states. Prior to joining Dominium, Sween worked for two national low-income housing tax credit (LIHTC) syndicators where he was responsible for originating and closing more than $300 million of equity. He was also a principal in a development and property management firm that syndicated existing apartment projects, LIHTC, and readily took on historic rehab projects. Sween has been active in the multi-housing industry since 1981, when he began his career at the international accounting firm of KPMG Peat Marwick. He has held Certified Public Accountant (CPA) and Certified Property Manager (CPM) designations. Previously, Sween served as the board chair of the Minnesota Multi Housing Association and President of the Minnesota chapter of the Institute of Real Estate Management. Sween is a founding contributor to the Dominium Foundation which contributes to important housing and social service organizations in the communities where Dominium operates.
Andrea Murray is a manager in the Portland, Ore. office of Novogradac & Company LLP, where she specializes in new markets tax credits (NMTCs), low income housing tax credits (LIHTCs), and historic tax credits (HTCs). In addition to providing various consulting services, she works extensively on financial statement audits, tax return preparation, final cost certifications, financial forecasts, NMTC allocation applications, and agreed-upon procedures engagements. She has presented internal trainings on various technical subjects and presented the NMTC 101 workshop at Novogradac conferences. Ms. Murray received her bachelor’s degree in accounting from Eastern Washington University. She is licensed in Oregon as a certified public accountant.
Attorney Tiber Hudson LLC
Kent Neumann has been in the affordable housing and healthcare business for more than 21 years. Mr. Neumann has served as underwriter’s counsel, purchaser’s counsel, bond counsel, lender’s counsel and borrower’s counsel and has also advised issuers and other clients on the legal and financial aspects of a wide range of tax-exempt and taxable financings around the country. These include publicly offered and privately placed financings using credit enhancement provided by FHA, Ginnie Mae (GNMA), Fannie Mae, Freddie Mac, the Federal Home Loan Bank, municipal bond insurance, bank letters of credit, insurance company guaranties, as well as unrated and/or uncredit-enhanced bond deals. Many of these transactions have involved multiple-tier financings utilizing senior/subordinated and other complex structures designed to achieve optimal efficiency and savings. These include “50 percent test” and cash-collateralized bonds as well as loans from Rural Development and HUD/FHA under various programs including 515, 538, 202, 221, 223, 236, 242, Section 8 and HOPE VI. Mr. Neumann has been one of the most innovative attorneys in his field creating and developing many of the financial structures used today in both housing and healthcare industries. Many of these structures have created millions of dollars in savings while simultaneously providing efficiency in the execution. In addition, Mr. Neumann has a unique level of experience in and knowledge of cashflow modeling, rating agency requirements, credit enhancement programs, financial structures and other critical variables affecting bond financings. Mr. Neumann graduated from the University of California, San Diego, where he received a bachelor’s degree in psychology in 1995. He graduated from Tulane Law School in May 1998 and is a member of both the State Bar of California and the District of Columbia Bar. He is also a member of the American Bar Association and the National Association of Bond Lawyers.
Division Director, Multifamily Housing and Community Facilities Washington State Housing Finance Commission
The Commission’s Director of the Multifamily Housing and Community Facilities Division is Lisa Vatske. Vatske joined the Commission as of May 1, 2014. Vatske has more than 30 years of experience in housing, community and economic development finance and programs, holding various positions within the Washington State Department of Commerce, over an 18-year period, with more than six years as managing director of the Washington State Housing Trust Fund. In addition, Vatske held positions in the Washington State Employment Security Department as well as the Department of Social and Health Services. Vatske was instrumental in the start-up and financing for Fish Brewing Company, producing Fish Tale Ales and served as their chief financial officer. She is a graduate of the University of Massachusetts, Amherst, with a BBA in business finance.
President Hunt Capital Partners, LLC
Jeff Weiss is president of Hunt Capital Partners. Weiss has specialized in affordable housing for more than 25 years with a focus on raising equity and structuring project partnership agreements with multiple layers of debt. He is responsible for all tax credit syndication activities of the company and is a member of the Credit Committee and executive management. From 1996 to 2003, Weiss served as a guest lecturer at the USC Sol Price School of Public Policy for the Dollinger Master of Real Estate Development Program where he instructed graduate students in real estate finance, feasibility analysis and affordable housing. Weiss received a bachelor’s degree in real estate finance from San Diego State University, a Master of Real Estate Development from the University of Southern California, and a juris doctor from Southwestern University School of Law. Weiss is admitted to practice law in the State of California.
Senior Manager, Public Policy Novogradac
Mark Shelburne is a housing policy consultant with Novogradac. He is based in Raleigh, N.C., and works nationally. His work includes consulting with state agencies, local governments, equity providers, lenders, attorneys and developers on topics including allocation, compliance, HOME, revitalization, supportive housing and tax-exempt bonds. Mr. Shelburne is widely regarded as a top expert on these topics and frequently presents on them to statewide and national audiences. Mr. Shelburne previously served as director of the Office of Housing Finance and Development at the Georgia Department of Community Affairs and counsel and policy coordinator at the North Carolina Housing Finance Agency. In his different capacities, Mr. Shelburne has revised 24 qualified allocation plans, testified before Congress, provided resources to create more than 25,000 affordable rental homes, and led work resulting in four national awards. He has degrees in law, planning, and public policy from the University at North Carolina at Chapel Hill.
Jeff Nishita is a partner in the San Francisco office of Novogradac and is a co-founder of the company’s LIHTC Working Group and two of the subgroups for the company’s Opportunity Zones Working Group, membership organizations that addresses technical issues in their respective industries. Mr. Nishita provides numerous services in the real estate industry, including audit and tax services, consulting/structuring, forecasting, LIHTC and tax-exempt bond application assistance, and training. He is experienced with U.S. Department of Housing and Urban Development, Uniform Guidance (and A-133), and numerous state auditing requirements. In addition, he is in charge of maintaining the company’s Financial Forecast Model. He works with for-profit and nonprofit real estate developers, syndicators, lenders and direct investors. Mr. Nishita also speaks at various real estate conferences throughout the year and is a technical editor for the company’s special reports. Mr. Nishita has served on the Housing Colorado NOW! Conference Planning Committee since 2013 and also founded the company’s community service program. Before joining Novogradac, Mr. Nishita worked with several start-up companies and small businesses in executive positions. Mr. Nishita graduated from Santa Clara University’s master’s program and also received a bachelor’s degree in business economics, with a concentration in accounting from the University of California, Santa Barbara. He currently serves on various nonprofit boards including the Santa Clara University Accounting Advisory Board. He is licensed in California and Colorado as a certified public accountant.
Director of Public Policy and Government Relations 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.
Brent Parker is a partner in the Long Beach, Calif., office of Novogradac. Mr. Parker is experienced in affordable housing and community development, nonprofit organizations and public housing authorities, historic rehabilitation, and renewable energy, with a particular focus on the low-income housing tax credit, investments in qualified opportunity funds, renewable energy tax credit, new markets tax credit and historic tax credit industries. In addition to providing various consulting and forecasting services, Mr. Parker leads extensive tax planning and tax return preparation engagements for a wide variety of clientele and works extensively on financial statement audits, reviews and agreed-upon procedures engagements. In response to growing demand, Mr. Parker has become a frequent presenter on opportunity zones panels and workshops in several states. He is also a contributor to the Novogradac Journal of Tax Credits and leads professional development training efforts on various complex taxation concepts. Mr. Parker received a bachelor’s degree in accounting from the University of Southern California and is a certified public accountant in the State of California.
Executive Director The Affordable Housing Tax Credit Coalition
Emily Cadik is the Executive Director of the Affordable Housing Tax Credit Coalition (AHTCC), where she leads advocacy to support affordable rental housing financed using the Low-Income Housing Tax Credit (Housing Credit). Prior to joining the AHTCC, she was a Senior Director of Public Policy at Enterprise Community Partners, where she led policy and advocacy related to the Housing Credit and other affordable housing and community development issues. While at Enterprise she served on the board of the AHTCC, chairing the Legislative Committee, co-chairing the Marketing Committee, and serving on the Executive Committee since 2016. She also helped to lead the A Call To Invest in Our Neighborhoods (ACTION) Campaign, the nationwide coalition of more than 2,000 organizations and businesses advocating on behalf of the Housing Credit, and remains active in this nationwide advocacy effort. In 2017 she received the NHP Foundation’s inaugural Advocacy Award, and in 2016 was named one of Affordable Housing Finance’s Young Leaders. Before joining Enterprise she was a Presidential Management Fellow at the U.S. Department of Housing and Urban Development, where she served as a program coordinator for the Moving to Work demonstration and in the Office of Intergovernmental Affairs. She earned a master’s degree in public policy from the Harvard Kennedy School of Government and a Bachelor of Arts degree from the University of Texas at Austin.
Senior Vice President & Senior Banker KeyBank
Sarah Geis is a senior vice president and senior banker for KeyBank Community Development Lending & Investment. Geis has nearly 20 years of experience in affordable multifamily housing lending, including four years as the director of lending for a nonprofit CDFI. She has worked on a wide variety of financing structures for affordable housing developments, including low-income housing tax credits, historic tax credits, private placement and public bond offerings, and credit enhancements. Geis served as the president of the board of directors of Community Resources and Housing Development Corporation for nine years, and is currently the vice president of the board of directors for NEWSED Community Development Corporation. She has a bachelor’s degree in English literature and a Master of Business Administration.
Vice President, Acquisitions Enterprise
Reagan Maechling is vice president of acquisitions at Enterprise Housing Credit Investments, an Enterprise Community Partners affiliate. She is responsible for originating and overseeing the underwriting of low-income housing tax credit (LIHTC) transactions in Southern California, Texas, Louisiana, Oklahoma and Arkansas. In this role, she also manages developer relationships and supports the promotion of Enterprise’s broad range of affordable housing and community development tools, including Bellwether Enterprise mortgage financing, the Enterprise Community Loan Fund, new markets tax credits, local policy efforts, grants and technical assistance. Maechling has more than 18 years of experience in affordable housing and real estate development. During her tenure at Enterprise, Maechling has underwritten or secured approximately $1.2 billion of LIHTC equity investments in about 96 developments. Prior to joining the organization in 2007, Maechling held project management positions for affordable and market rate housing developers in Northern and Southern California. She holds a master’s degree in urban planning and bachelor’s degrees in political science and international development studies from UCLA.
Senior Vice President - Acquisitions CREA
Richard Shea joined CREA in August 2015 and focuses on CREA equity originations with developers in California and Arizona. Shea has more than 25 years of experience in the affordable housing industry; most recently as senior vice president and market manager for U.S. Bank. In his role with U.S. Bank, he was responsible for managing the origination, underwriting and portfolio management teams for the bank’s community lending division in the Southern California region, overseeing both the Los Angeles and San Diego offices. Prior to joining U.S. Bank, Shea spent 13 years as the lead originator for PNC’s affordable housing financing products in California, including bank debt, bond debt, syndicated and proprietary tax credit investments as well as direct purchase tax credit investments. Shea holds both a bachelor’s degree and a master’s degree in finance from San Diego State University as well as a California Real Estate License.
Director of Tax and Housing Advocacy National Council of State Housing Agencies
Jennifer Schwartz serves as the director of tax and housing advocacy at the National Council of State Housing Agencies (NCSHA), where she manages NCSHA’s policy and legislative activities related to the low-income housing tax credit and tax-exempt private activity housing bonds. She also works on other NCSHA housing policy priorities, including Fair Housing and HUD program funding and programmatic issues. She rejoined NCSHA in 2014 after previously holding the role of senior legislative and policy associate at the organization from 2001-2005. Prior to returning to NCSHA, Ms. Schwartz was the director of policy and programs for the Southern Governors’ Association, where she focused on facilitating bipartisan collaboration on policy areas including economic development, healthcare, trade, workforce development and energy/environment. Earlier in her career, she worked as a counselor and case manager at Women’s Protective Services, a domestic violence shelter and rape crisis counseling center in Massachusetts, and as a project consultant for the Massachusetts Advocacy Center (now Massachusetts Advocates for Children). Ms. Schwartz earned a master’s degree in public administration and public policy from the London School of Economics and Political Science and holds a bachelor’s degree from Brandeis University with a double major in psychology and sociology.
Executive Vice President R4 Capital
Cory Bannister has spent nearly a decade financing and developing affordable housing. He is an Executive Vice President of R4 Capital in our Newport Beach, California office, responsible for originating and acquiring LIHTC properties for the firm.
His finance career began by structuring loans to affordable housing developments with Prudential Mortgage Capital Company, and later, acquiring tax credit properties with R4 Capital. Through his work structuring debt and placing equity, thousands of affordable housing units have been created or preserved.
His tenure also includes work for two prominent West Coast affordable housing developers, Wasatch Advantage Group and Community Development Partners. Cory has direct experience working through all stages of the finance and development life cycle. He has navigated complex environmental and entitlement issues, won multiple 9% awards, and garnered over $20 million in soft funding. In total, he has developed over 890 units of affordable housing with total development costs exceeding $200 million.
He received a BA in Urban Studies and an MS in Civil and Environmental Engineering, both from Stanford University where he was a scholarship pitcher on the varsity baseball team.
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.
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.
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.
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.
President Alliant Strategic Investments
Russell Ginise is the president of Alliant Strategic Investments and directs the firm’s affordable housing preservation, workforce housing and qualified opportunity zones investment initiatives. Ginise has extensive experience in both affordable and market-rate multifamily housing, having led or directed public and private firms that have collectively invested in, owned or managed more than 100,000 apartment units in more than 40 states, the District of Columbia and Puerto Rico. He has held leadership positions in local and national organizations throughout his career and held elected public office in his community for 10 years. Ginise received his bachelor’s degree from UCLA and his Juris Doctorate from the Pepperdine University School of Law. He is a member of the Urban Land Institute and its Affordable and Workforce Housing Council.
President Sugar Creek Capital
Chris Hite is the president of Sugar Creek Capital, an affordable housing firm with offices in both St. Louis and Atlanta. Sugar Creek's core business is the syndication of exclusively state tax credits. Founded as The Lockwood Group in 1974, Sugar Creek is also a property management company and its affiliates hold limited partner and general partner interests in affordable housing developments throughout the nation. Prior to joining Sugar Creek in 2005, Hite was a founding partner in Dull, Hite & Lowe, and prior to that an associate in the real estate department of the Polsinelli law firm. A substantial portion of his legal practice has been spent representing developers utilizing tax incentives. He has also developed affordable housing developments in Missouri and once served as a law clerk for the Missouri Housing Development Commission. Hite graduated from the University of Missouri-Columbia with a bachelor's degree in political science with an emphasis in business. He received his juris doctorate from Washington University in St. Louis, Missouri.
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.
Stephanie Naquin is a multifamily compliance manager in Novogradac's Austin, Texas, office. Naquin was previously the director of multifamily compliance with the Texas Department of Housing and Community Affairs (TDHCA), where her team oversaw all aspects of compliance monitoring, physical inspection and compliance administration. Naquin began her career as a leasing agent in August of 2002 with an owner-managed affordable housing organization where she had the opportunity to hold various positions in the private sector before joining TDHCA in 2007 as a compliance monitor. Her experience in both the private and regulatory sectors of the industry allows her to synthesize complicated federal and state regulations and present that information in a concise and easily digestible manner. Ms. Naquin is also a renowned public speaker and a nationally recognized expert in utility allowance regulations. Her certifications include the National Center for Housing Management Certified Occupancy Specialist (COS) and the National Association of Home Builders Housing Credit Certified Professional (HCCP).
Partner Arnall Golden Gregory LLP
Orlando J. Cabrera is a partner at Arnall Golden Gregory LLP’s real estate practice and co-chair of the affordable housing industry team. Mr. Cabrera advises clients including financial institutions, investors, syndicators, developers, public housing authorities, housing finance agencies, community development agencies, cities and counties on successfully navigating complex affordable housing matters. Mr. Cabrera has significant experience with United States Department of Housing and Urban Development (HUD) regulatory matters (including Native American housing issues), housing finance agency issues, low-income housing tax credits, private activity bonds, debt financing, non-federal state financing programs, tribal financing programs, and general real estate. During his time as the assistant secretary for public and indian housing at HUD, Mr. Cabrera oversaw the administration of a U.S. $24 billion program, which included public housing, Section 8 vouchers, moderate rehabilitation (Mod Rehab) and most federal housing programs for Native American tribes. He is one of three recipients of the Office of Inspector General’s Golden Eagle Award for Public Integrity.