Novogradac 2024 Housing Tax Credit and Bonds Conference

Agenda

Agenda is subject to change.

Please note: Agenda is in Central Time

Find CPE information here.

WEDNESDAY, SEPTEMBER 25, 2024

9:00 am - 4:00 pm

LIHTC Basics Workshop (in-person only)- additional fee required

This workshop helps explain the sometimes-complex world of the low-income housing tax credit (LIHTC) by teaching attendees about such elements as LIHTC participants, structures, timelines and more. Participants will learn how to apply for LIHTCs, how tax credits are calculated, differences between 9% and 4% LIHTCs, the 10% test and the 50% financed-by test, LIHTC compliance rules, tax credit recapture and many other important topics. Get educated on the LIHTC or brush up on your knowledge of America’s most powerful affordable housing tool.

Tracks:

Speaker: Ryan Browder, Manager, Novogradac

Moderator: Robert Bennett, Principal, Novogradac

Speaker: Mark Shelburne, Senior Manager, Public Policy, Novogradac

Speaker: Andrea Sivells, Manager, Novogradac

THURSDAY, SEPTEMBER 26, 2024

7:30 am - 9:00 am

SIO Breakfast: Investing in Tenant Resources

Join owners, property managers, investors and other affordable housing stakeholders for a special breakfast to discuss how to fund services for tenants. Hear and share ideas about bridging the gap to fund initiatives to provide educational opportunities, jobs and other benefits to residents. Learn how to make a difference well beyond the placement-in-service date.

Tracks:

Moderator: Amy Hook, Chief Social Impact Officer, Novogradac

Speaker: Karie McMillen, Principal, Novogradac

Speaker: Patti Adams, Multifamily Impact Manager, Rainbow Housing Assistance Corporation

8:00 am - 9:00 am

Networking Breakfast

9:00 am - 9:30 am

Conference Welcome & Keynote Address

Conference chair Rebecca Arthur welcomes attendees and explains what to expect over the next two days, then Ethan Handleman, the Deputy Assistant Secretary for Multifamily Housing at the U.S. Department of Housing and Urban Development (HUD), shares insight on HUD’s role in affordable housing. He discusses the administration’s Housing Supply Action Plan, Rental Assistance Demonstration (RAD) program, asset management issues and more. Hear insight on what the federal government is doing to encourage affordable housing.

Tracks:

Moderator: John Sabatier, Managing Director, Stifel

Moderator: Rebecca Arthur, Conference Chair & Partner, Novogradac

Speaker: Ethan Handelman, Keynote Speaker, Deputy Assistant Secretary for the Office of Multifamily Housing Programs, U.S. Department of Housing and Urban Development

9:30 am - 10:30 am

Washington Report

A panel of experts provide an update on issues concerning affordable housing and community development ahead of a looming presidential election. Hear how legislation to expand and enhance the low-income housing tax credit (and other affordable housing bills) will be affected by who is president and by the makeup of Congress. Also learn about possible regulatory issues and how to advocate for housing.

Tracks:

Speaker: Ayrianne Parks, Senior Director of Policy Advocacy, Enterprise

Speaker: Jennifer Schwartz, Director of Tax and Housing Advocacy, National Council of State Housing Agencies

Speaker: Orlando Cabrera, Partner, Arnall Golden Gregory LLP

Speaker: Peter Lawrence, Director of Public Policy & Government Relations, Novogradac

Moderator: Michael Novogradac, Managing Partner, Novogradac

10:30 am - 10:50 am

Developments of Distinction Award Ceremony

The conference celebrates the winners of the Novogradac Journal of Tax Credits Developments of Distinction Awards.

Tracks:

Moderator: Rebecca Arthur, Conference Chair & Partner, Novogradac

10:50 am - 11:00 am

Networking Break

11:00 am - 12:00 pm

Understanding Equity Interest

Hear about the LIHTC equity market from those who work in it daily across the country. Get a better understanding of what makes a property attractive to equity investors and where the market is headed. Get “real-world” insight as panelists are presented with scenarios for a LIHTC-financed development and will explain why it is (or isn’t) attractive.

Tracks:

Speaker: Celia Smoot, Senior Vice President, KeyBank

Speaker: Reagan Maechling, Vice President, Acquisitions, Enterprise

Moderator: Dirk Wallace, Partner, Novogradac

Speaker: Austin Divino, Senior Vice President, R4 Capital

Speaker: John Nunnery, Senior Vice President, PNC Real Estate

12:00 pm - 1:30 pm

Networking Lunch

1:30 pm - 2:30 pm

Bond-Focused Issues

Financing your development with private-activity bonds and 4% LIHTCs adds regulatory issues that aren’t there for 9% LIHTC properties. Hear about such issues as the 50% financed-by test, the 95-5 test, other bond-related regulations–including issues imposed by state and local governments.

Tracks:

Speaker: Megan Riess, Member, Longwell Riess

Speaker: John Sabatier, Managing Director, Stifel

Speaker: Kent Neumann, Founding Member, Tiber Hudson LLC

Speaker: Annie Clark, Chief Programs Officer, Finance New Orleans

Moderator: Charlie A Rhuda, Partner, Novogradac

2:30 pm - 2:45 pm

Networking Break

2:45 pm - 3:45 pm

Filling the Gaps

With higher interest rates and rising construction costs, more affordable housing developers are finding significant financial gaps in their capital stack. Learn about options to fill those gaps, including state LIHTCs, PILOT arrangements, CDBG funds, local funding and more. Get informed so you can fill your gaps.

Tracks:

Speaker: Amber Palmer, Vice President, Fifth Third Bank

Speaker: Kells Carroll, Partner and Director of Acquisitions, Sugar Creek Capital

Speaker: Derek DeHay, Managing Director, Lument

Moderator: Brad Elphick, Partner, Novogradac

3:45 pm - 4:00 pm

Networking Break

4:00 pm - 5:00 pm

LIHTC + Clean Energy

The Inflation Reduction Act of 2022 provides billions of dollars in clean energy incentives, including a set-aside for installing solar in low-income housing properties. Hear about the options, what we’ve learned from the first rounds of allocation and whether this makes sense for your property.

Tracks:

Speaker: Megan Riess, Member, Longwell Riess

Speaker: Todd Nedwick, Senior Director of Sustainability Policy, National Housing Trust

Moderator: Peter Lawrence, Director of Public Policy & Government Relations, Novogradac

5:00 pm - 6:30 pm

Networking Reception

FRIDAY, SEPTEMBER 27, 2024

8:00 am - 9:00 am

Networking Breakfast

9:00 am - 9:30 am

Fireside Chat with Sen. Cassidy

Sen. Bill Cassidy of Louisiana, a member of the Senate Finance Committee and cosponsor of the Affordable Housing Credit Improvement Act (AHCIA, S. 1557) and lead sponsor of the Historic Tax Credit Growth & Opportunity Act, shares his thoughts about housing and tax issues in his home state and nationwide, including whether provisions of the ACHIA may be enacted in year-end tax legislation, outlook for tax policy in 2025, and how to best advocate for housing issues.

Tracks:

Speaker: Bill Cassidy, Keynote Speaker, United States Senator, State of Louisiana

Moderator: John Sabatier, Managing Director, Stifel

Moderator: Michael Novogradac, Managing Partner, Novogradac

9:30 am - 10:20 am

Compliance Issues: HOTMA and more

The requirements for LIHTC compliance changed earlier this year with the implementation of provisions of the Housing Opportunities Through Modernization Act (HOTMA). Hear about the biggest changes, how they’ve played out over 2024 and how that should affect how you manage your property.

Tracks:

Speaker: Todd Folse, Compliance Director, Louisiana Housing Corporation

Moderator: Stephanie Naquin, Director of Multifamily Property Compliance, Novogradac

Speaker: Jen Brewerton, Vice President of Compliance, Dominium

10:30 am - 11:20 am

DOD Case Study: Anglers Four Hundred

Stakeholders in LIHTC-financed properties that won Novogradac Journal of Tax Credit Development of Distinction awards share hurdles they faced, how they overcame them and what lessons they learned in getting their project done.

Tracks:

Speaker: Ryan Zent, Vice President of Development, Overland Property Group

Moderator: Nicolo Pinoli, Partner, Novogradac

Speaker: Jon Peterson, Shareholder, Winthrop & Weinstine

Speaker: Rocelyn Dee, Managing Director, Wells Fargo

Speaker: Kells Carroll, Partner and Director of Acquisitions, Sugar Creek Capital

11:20 am - 12:10 pm

Handling Operating Expenses and Debt in period of high interest rates

The dramatic increase in property insurance costs have affected affordable housing providers across the nation. Hear how sponsors are dealing with that issue, as well as other operating expenses that are affected by inflation and other issues. Meanwhile, the dramatic increase in interest rates has slowed, but the rates remain significantly higher than most of recent history. Lenders share how they are considering affordable housing and discuss options to help finance your property.

Tracks:

Speaker: Ray Landry, Senior Vice President, Davis-Penn Mortgage Co.

Speaker: Rob Coats, President, CEO, The Banyan Foundation, Inc.

Speaker: Dale Giffey, Director, Lument

Moderator: Rebecca Arthur, Conference Chair & Partner, Novogradac

Reserve Your Seat

Join hundreds of tax-exempt bond and low-income housing tax credit (LIHTC) professionals who work towards developing affordable housing. Throughout this two-day conference in the Big Easy, you will have the opportunity to make meaningful professional connections that will help propel your work forward. Get valuable insight and gain a clearer understanding of how to successfully structure LIHTC investments.