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.
Vice President | Business Development U.S. Bancorp Impact Finance
Tom Oldenburg is a Vice President with U.S. Bancorp Impact Finance responsible for originating and structuring NMTC and HTC investments located in markets throughout the East Region. He joined U.S. Bancorp Impact Finance 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 U.S. Bancorp Impact Finance, 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.
Real Estate Investment Analyst NTCIC
As a real estate analyst, Marcus Jones is responsible for market research, underwriting and due diligence on prospective HTC and NMTC investments. Prior to joining NTCIC, he was a senior associate at SS&C, a provider of commercial real estate technology and accounting services. Jones earned his MBA in finance and real estate from the University of Connecticut.
Frank R Buss
Frank Buss is a partner in the Dover, Ohio, office of Novogradac, where he performs numerous services related to the new markets tax credit, historic rehabilitation tax credit and the low-income housing tax credit industries, including audit and tax services, forecasting and consulting. He has significant experience in tax and audit engagements involving closely held businesses, high-net-worth individuals, community development entities, partnerships and nonprofit organizations. Mr. Buss joined the company in 2006 after working as an audit supervisor servicing manufacturing, construction and nonprofit clients for a regional certified public accounting firm in Canton, Ohio. Before that, he served as the chief operating officer for a wealth-management firm, focusing on financial and transaction analysis and a wide range of individual and business planning matters. Mr. Buss received a bachelor’s degree in business administration from the University of Akron and is licensed in Ohio as a certified public accountant.
Senior Vice President, NMTC Truist Community Capital
Chimeka Gladney is a senior vice president for new markets tax credits (NMTCs) at Truist Community Capital where she is responsible for the origination and closing of NMTC investments in several states. Prior to joining Truist, Gladney led the NMTC team at Enterprise Community Investments, whose NMTC portfolio includes more than $1 billion of investments in commercial, mixed-use and community facilities. Before joining Enterprise, Gladney was director of project management with U.S. Bank’s Community Development Corporation. There she led a 17-member team that structured, underwrote and closed more than $750 million in federal and state NMTC and historic tax credit investments annually. Gladney’s community development experience also includes planning and economic development work with the District of Columbia government and municipal bond finance at several investment banks. She holds bachelor’s degree from Howard University and an MBA from Stanford University.
Tracey Gunn Lowell
Vice President U.S. Bancorp Impact Finance
Tracey Gunn Lowell has served in several capacities for U.S. Bancorp Impact Finance since joining the team in 2005. Since 2013 she has been a business development officer on the NMTC and HTC production team in which she also leads the origination of state NMTC investments as well as small QLICI funds nationally. Before her current role, Lowell was responsible for sourcing RETC investment opportunities for two years. Lowell has previously originated and closed federal tax credit syndications with investors nationally, including banks, insurance companies and large corporations and also structured and closed investments as part of our NMTC and HTC divisions after joining U.S. Bancorp Impact Finance. Prior to working at U.S. Bancorp Impact Finance, Lowell worked in the strategy and operations group at Deloitte Consulting, primarily with health care clients. She majored in economics, political science and business at Washington University in St. Louis.
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.
Ryan Rieger is a principal in the Dover, Ohio, office of Novogradac. Before joining Novogradac in 2006, Mr. Rieger was a senior accountant with a regional certified public accounting firm in Ohio, where he served clients in the construction, real estate, manufacturing, retail and nonprofit industries. He works extensively with real estate partnership audits and partnership taxation as well as various GAAP and compliance consulting engagements involving new markets tax credits, historic rehabilitation tax credits (HTCs) and renewable energy tax credits (RETCs). His experience also includes the preparation of HTC and RETC final cost certifications for numerous projects. Mr. Rieger has contributed to various publications, including the Novogradac Journal of Tax Credits and the Novogradac New Markets Tax Credit Handbook and is a frequent speaker at industry events. He also leads the Novogradac Federal Infrastructure Tax Credit Working Group. Mr. Rieger received a bachelor’s degree and a master’s degree with a concentration in accounting from Ohio University and is licensed in Ohio as a certified public accountant.
Travis Vance is a manager in the Dover, Ohio, office of Novogradac. Vance joined the firm in 2017 and has significant experience in providing audit, tax, and financial forecast services in the new markets tax credit, historic tax credit, and renewable energy industries. Vance received a master’s degree in accounting from the University of Akron and is licensed as a certified public accountant in Ohio.
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.
President LCA Solutions
Nathan Lerman serves as the president of LCA Solutions, where he helps provide specialty financing solutions to a variety of businesses and nonprofits. He has worked on NMTC-related transactions for more than a decade. He has also served in the Bush White House.
Keith Jones, a director at Stonehenge Community Development, is responsible for sourcing, underwriting and maintaining capital investments with an emphasis on new markets tax credits and underserved markets. He also works to deploy debt investments in small companies nationwide, with a focus on rural Ohio. He has experience working through complex financing structures to close impactful investments in communities that have traditionally suffered from a lack of access to capital. Prior to joining Stonehenge, Jones worked for Lancaster Pollard, an investment bank focused on health care and senior living organizations. Jones earned his bachelor’s degree from Case Western Reserve University and his MBA from Ohio State University.
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.
Vice President of Capital Markets Lendistry
Nicole Boone has more than 14 years of experience in the banking, real estate and community development finance industry. At Lendistry, she is responsible for leading the capital strategy across all government program funding and other community capital products. Boone previously served as executive director, senior commercial banker within community development banking at JP Morgan Chase Bank, specializing in new markets tax credit (NMTC) equity. In her time there, she deployed more than $400 million in NMTC financing across nearly 40 deals. She also created and led the first-ever Community Development Banking Racial Equity Special Purpose Credit Program (SPCP) targeting Black Americans. SPCP resulted in the deployment of an additional $200 million of tax credit financing, across fifteen transactions supporting black businesses and nonprofits nationally. A graduate of Florida Agricultural & Mechanical University, Boone also serves on the board of directors at Excellent Education Development (ExED), the Local Advisory Council of LISC LA, and is on the executive leadership team at The Way Los Angeles.
Brad Elphick is a partner in the metro Atlanta office of Novogradac. He has extensive experience in the low-income housing tax credit (LIHTC), historic tax credit and new markets tax credit (NMTC) programs. Mr. Elphick specializes in developer consulting, with an emphasis in forecasting and partnership taxation. He also works extensively with real estate partnership audits and compliance audits, as well as the structuring of LIHTC and NMTC applications. Mr. Elphick also leads and coordinates the NMTC Working Group, a membership organization that is highly regarded for the work it does addressing technical programmatic issues surrounding the NMTC industry. He is a regular contributor to the Novogradac Journal of Tax Credits’ NMTC content, a frequent speaker at industry events and serves as chairman of Novogradac & Company’s annual fall New Markets Tax Credit Conference. He also serves on the board of directors of the Mississippi Association of Affordable Housing Providers and is often a speaker at state housing credit conferences in the Southeast. Mr. Elphick received a bachelor’s degree in business administration with an emphasis in finance from Emory University and a master’s degree in taxation from Georgia State University. He is licensed in Georgia, Puerto Rico and the District of Columbia as a certified public accountant.
Managing Director of Community Finance Solutions U.S. Bancorp Impact Finance
Laura Vowell is the Managing Director of Community Finance Solutions at U.S. Bancorp Impact Finance. Her team invests in New Markets and Historic Tax Credits and lends to CDFIs and other intermediaries. Since joining USBIF in 2005, Vowell has been instrumental in investing billions of dollars of tax credit equity into projects around the country. Previously, she managed the national team of NMTC and HTC originators who secure funding for a diverse array of projects, from food banks and performing arts centers, to grocery stores and historic hotels.
Vowell is a vocal advocate for Racial Equity within the New Market Tax Credit industry and is a regular speaker at national community development and historic preservation industry conferences and tax credit-related events. She is a Founder of Women in Tax Credits, the Board Member of the NMTC Coalition, and on the Executive Committee of the Partnership for Job Creation. She is currently a member of the St. Louis Symphony’s Community Advisory Committee and Equity, Diversity and Inclusion Task Force.
Vowell began her career in the Washington D.C. area as a transportation engineer. Prior to joining USBIF, she worked with a private real estate developer, managing several redevelopment projects in the Los Angeles area. She holds an M.B.A. from the Anderson School of Business at UCLA and a B.S. in Civil Engineering from Rensselaer Polytechnic Institute in Troy, New York.
Partner Stinson LLP
Cody Rogers is a skilled transactional attorney who focuses his work on impact investment and community development projects throughout the country with particular experience in new markets tax credit (NMTC) and historic tax credit (HTC) transactions. From project structuring to the kick-off call to the preparation of final closing documents, Rogers uses his experience to help large scale institutional investors, community development financial institutions (CDFIs), community development entities (CDEs), nonprofits, developers and project sponsors navigate the complexities of these federal incentives programs. Despite the complexities, Rogers understands the end-goal of these programs are to assist communities in need and he works to ensure deals close efficiently and timely.
Amanda Read is a partner in the Cleveland office of Novogradac. She provides a wide range of services to community development entities, including transaction structuring, development and implementation of internal compliance policies and procedures, bookkeeping, monthly loan servicing and asset management, compliance review and Community Development Financial Institutions Fund reporting. She assists her clients in transaction structuring, financial modeling, new markets tax credit (NMTC) compliance and reporting. Ms. Read’s experience includes working with complex financing for community development real estate developments, including using NMTCs, historic tax credits, public/private partnerships, and other federal, state and local tax credits and incentives. She is also a frequent speaker at the preconference workshops at the company’s NMTC conferences. In addition to her NMTC practice, Ms. Read also focuses on the low-income housing tax credit (LIHTC), providing accounting, auditing, forecasting and compliance of developments subject to the regulatory requirements of the LIHTC program and U.S. Department of Housing and Urban Development. Ms. Read received a bachelor’s degree in accounting from the University of Akron. She is licensed in Ohio as a certified public accountant.
Conference Chair & Partner Novogradac
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.
Rep. Jason Smith
Keynote Speaker U.S. Representative, MO - 8th District
Jason Smith is a seventh generation Missourian, a fourth generation owner of his family’s farm, a citizen-legislator, and a champion for the rights and values of rural Missourians. After serving from 2005 to 2013 in the Missouri General Assembly–rising to become Speaker Pro Tem–Smith was elected to Congress in 2013. Smith served in House Leadership as Conference Secretary during President Trump’s term in office, then became Republican Leader of the House Budget Committee in 2021, where he led the fight and exposed the wasteful Washington spending that led to the fastest cost-of-living increase in 40 years. In January 2023, Smith was selected to chair the historic Ways and Means Committee–the oldest committee in Congress. At 42, he is the youngest member to chair the Ways and Means Committee in modern times, and he is the first Missourian to lead the committee since John Phelps–the namesake of Missouri’s Phelps County–in 1859. As Chairman of the Ways and Means Committee, Smith’s top priority is delivering for the working families, farmers and small businesses that make the American economy the envy of the world. Smith comes from humble roots and learned the value of hard work growing up in Salem, Missouri. He attended Salem High School, where he was an active member of FFA. At the University of Missouri-Columbia, Smith earned degrees in Agricultural Economics and Business Administration. After receiving degrees from both programs in three years, he attended law school at Oklahoma City University and graduated at the age of 23.
Founder & President 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.
Partner 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, rehabilitation 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 also sits on the board of two nonprofit corporations: Chicago Neighborhood Initiatives and Anshe Tikvah.
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.
Partner Akin Gump
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.
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.
James D. Howard
President Dudley Ventures
James D. Howard is the president of Dudley Ventures. A native of The Bronx, New York, Howard earned his degree from The College of the Holy Cross in Worcester, Massachusetts, and a law degree from Georgetown University Law Center. Dudley Ventures was founded by Howard in 1996 and has been one of the leading advocates of the New Markets Tax Credit (NMTC) program since its inception. Dudley Ventures, with its 25-plus member team, successfully manages NMTC investment funds in excess of $1.6 billion, providing all origination, fund reporting and compliance activities in-house. In addition, Dudley Ventures CDE, DV Community Investment, has been awarded $525 million of NMTC allocation to date. Acquired by Valley National Bancorp in October 2021, Dudley Ventures now has the resources of a $50 billion publicly traded financial institution. Howard is a board member of the New Markets Tax Credit Coalition and has been an innovator in the NMTC industry. Howard has authored numerous articles on tax credit investing and is a regular speaker at major NMTC conferences. Howard is a licensed member of the Arizona State Bar and holds the FINRA designation of principal and investment banker.
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.
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.
Austin Power is a partner in the Dover, Ohio, office of Novogradac where he specializes in new markets tax credits (NMTCs), historic tax credits (HTCs) and opportunity zones transactions. 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. Power is licensed in Ohio as a certified public accountant.
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.
David Graff Jr. is a partner in the Cleveland office of Novogradac. Graff works extensively with real estate lower-tier and fund partnership audits and taxation, as well as various GAAP and program compliance consulting engagements involving new markets tax credits (NMTCs), historic tax credit (HTCs), renewable energy tax credits (RETCs) and the opportunity zones (OZ) incentive. Additionally, Graff has experience with federal and state historic cost certifications, financial modeling, and agreed-upon procedures engagements involving safe harbor compliance and reporting. He has assisted with due diligence services on several affordable housing sale/purchase transactions. He has contributed to the Novogradac Journal of Tax Credits and is a speaker at the company’s NMTC and HTC preconference workshops. Graff holds a bachelor’s degree in business administration from Ohio University and is licensed as a certified public accountant in Ohio.
Matt Yunker is a manager for the Government Consulting and Valuation Advisory Services
(GoVal) group in the Cleveland office of Novogradac. Mr. Yunker has extensive experience in
market analysis and valuation, ranging from multifamily assets in the low-income housing tax
credit industry to various other asset types that leverage historic tax credits and new markets
tax credits. In addition to valuation based in the real estate industry, Mr. Yunker also has more
than five years of experience assisting on valuations of renewable energy installations such as
solar panels, wind turbines, anaerobic digesters and other renewable energy installations in
connection with financing and structuring analyses performed by various clients. Mr. Yunker
has a bachelor’s degree in family financial management from The Ohio State University.
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.
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.