Thursday, May 26, 2016

General Session
May 26, 2016
Thursday

Downtown San Francisco Walking Tour (optional)
6:30-7:30 a.m.
Begin your day with a walking tour of the great buildings of San Francisco and learn how local history reveals itself in a collection of some remarkable structures, streets and public squares.
Highlights Include:
• Introduction to some of San Francisco's most unique downtown buildings
• Discover hard-to-find rooftop gardens
• Locate beautiful decorated lobbies with hidden secrets
• Learn about famous architects that influenced the building of San Francisco after the 1906 Earthquake
• Surprising information and stories about San Francisco you'll never learn from a guidebook

Location: Westin St. Francis Lobby

Registration & Breakfast
8:00-9:00 a.m.
Location: Georgian Foyer

Introduction: Molly O'Dell, Novogradac & Company LLP
9:00-9:10 a.m.
Location: Grand Ballroom

Speakers:
  • Molly O'Dell, Novogradac & Company LLP

Keynote Address
9:10-9:40 a.m.
Location: Grand Ballroom
Speakers:
  • Benjamin Metcalf, Director, California Department of Housing and Community Development

The Washington Report
9:40-10:30 a.m.
Hear policy experts discuss President Barack Obama’s budget proposal for fiscal year 2017 (FY 17), which includes some significant changes to reform and expand the low-income housing tax credit (LIHTC).
Location: Grand Ballroom
Speakers:
  • Michael Novogradac, Novogradac & Company LLP (Moderator)
  • Orlando Cabrera, Squire Patton Boggs (U.S.) LLP
  • Richard Goldstein, Nixon Peabody LLP

By Michael J. Novogradac, Novogradac & Company LLP
Originally Published in the May 2016 Journal of Tax Credits


Break
10:30-10:45 a.m.
Location: Italian/Georgian

New and improved: Swimming in the Equity Market
10:45 a.m.-Noon
Join our panel of seasoned investors as they outline what goes into a good investment deal. Then watch as the audience is asked to go inside the tank to pitch their deal terms to the “sharks” as we uncover the hot-button issues for investing. Audience members are highly encouraged to bring their deals for consideration.
Location: Grand Ballroom

Speakers:
  • Alvin Lee, Novogradac & Company LLP (Moderator)
  • Bernie Husser, The Richman Group Affordable Housing Corporation
  • Raoul Moore, Enterprise Community Partners Inc.
  • Stacie Nekus, Alliant Capital
  • Roy Faerber, Boston Financial Investment Management LP

Luncheon
Noon-1:30 p.m.
Location: Colonial
Beyond Basics Track

The Developer-Syndicator Relationship
1:30-2:30 p.m.
This panel will examine the motivations of both the developer and the syndicator as they work to form limited partnerships for developing LIHTC properties.
Location: Grand Ballroom

Speakers:
  • Wayne Michael, Novogradac & Company LLP (Moderator)
  • Michael Gaber, WNC & Associates Inc.
  • Tom Kostosky, San Francisco Housing Development Corporation
  • Richard Price, Nixon Peabody LLP
  • Caleb Roope, The Pacific Companies
  • Catherine Talbot, Candeur Group

Break
2:30-2:45 p.m.
Location: Italian/Georgian

Deep Dive: Private Activity Bonds and 4% LIHTCs Part I
2:45-3:45 p.m.
Get a basic overview of how development teams can use private activity bonds and 4 percent LIHTCs to finance affordable multifamily rental housing properties.
Location: Grand Ballroom

Speakers:
  • Wayne Michael, Novogradac & Company LLP (Moderator)
  • Anthony Cinquini, Berkadia
  • Bruce Gerhart, Love Funding
  • Jeree Glasser-Hedrick, California Debt Limit Allocation Committee
  • Kenji Tamaoki, Prudential Mortgage Capital Company
  • Thomas Vandiver, Dentons
  • Paul Weissman, Hunt Companies

Break
3:45-4:00 p.m.
Location: Italian/Georgian

Deep Dive: Private Activity Bonds and 4% LIHTCs Part II
4:00-5:00 p.m.
The second half of how development teams can use private activity bonds and 4 percent LIHTCs to finance affordable multifamily rental housing properties.
Location: Grand Ballroom

Speakers:
  • Wayne Michael, Novogradac & Company LLP (Moderator)
  • Anthony Cinquini, Berkadia
  • Bruce Gerhart, Love Funding
  • Jeree Glasser-Hedrick, California Debt Limit Allocation Committee
  • Kenji Tamaoki, Prudential Mortgage Capital Company
  • Thomas Vandiver, Dentons
  • Paul Weissman, Hunt Companies
Technical Track
 
Deep Dive: LIHTC Eligible Basis Issues Part I
1:30-2:30 p.m.
Discussion will focus on the planning, tax credit application and construction phases of a development when determining eligible basis.
Location: Elizabethan D

Speakers:
  • Eric Barnett, Novogradac & Company LLP (Moderator)
  • Eric Novak, Praxis Consulting Group LLC
  • Tuan Pham, Downs Pham Kuei LLP
  • Martin Bershtein, CAPREIT

By Teresa Garcia, Novogradac & Company LLP
Originally Published in the January 2015 Journal of Tax Credits


Break
2:30-2:45 p.m.
Location: Italian/Georgian

Deep Dive: LIHTC Eligible Basis Issues Part II
2:45-3:45 p.m.
Learn the factors to consider when determining proper capitalization of costs to fixed assets and the subsequent inclusion of those costs in LIHTC eligible basis.
Location: Elizabethan D

Speakers:
  • Eric Barnett, Novogradac & Company LLP (Moderator)
  • Gary Downs, Downs Pham Kuei LLP
  • Nicki Cometa, Affirmed Housing Group
  • Jim Kroger, Novogradac & Company LLP

Break 
3:45-4:00 p.m.
Location: Italian/Georgian

LIHTC Acq/Rehab Issues Part I
4:00-5:00 p.m.
This panel addresses the issues associated with acquiring existing residential rental real estate for the purpose of rehabilitating it under the LIHTC program.
Location: Elizabethan D

Speakers:
  • Sun-Ae Woo, Novogradac & Company LLP (Moderator)
  • Levi Brooker, JLL
  • Brad Bullock, City Real Estate 
  • Advisors Inc.
  • Christian Dubois, Cox, Castle & Nicholson LLP
Hot Topics Track

Affordable Housing Debt Products—What’s Old is New Again
1:30-2:30 p.m.
Join panelists as they explore inspiring affordable housing case studies based on new trends using old debt products to generate savings over traditional debt models, with and without the use of tax-exempt bonds.
Location: Elizabethan B

Speakers:
  • Paul Charron, Novogradac & Company LLP (Moderator)
  • Helen Feinberg, RBC Capital Markets
  • Rob Hoskins, The NuRock Companies
  • Tammy Ofek, CapM Funding
  • Mathew Wambua, Richmac Funding

Break
2:30-2:45 p.m.
Location: Italian/Georgian

Year 15 Issues for a LIHTC Partnership
2:45-3:45 p.m.
Our panelists will cover the major Year 15 issues that a LIHTC partnership should consider during its initial project structuring, as well as the exit strategies available for investors and general partners in Year 15 and their tax consequences. Our expert developers and investors will discuss how a LIHTC partnership can be best prepared for Year 15.
Location: Elizabethan B

Speakers:
  • Warren Sebra, Novogradac & Company LLP (Moderator)
  • Cliff McDaniel, ARA Newmark
  • Thomas Morton, Pillsbury Winthrop Shaw LLP
  • Melanie Wenk, WNC & Associates Inc.
By Mark O'Meara, Novogradac & Company LLP
Originally Published in the April 2016 Journal of Tax Credits


Break
3:45-4:00 p.m.
Location: Italian/Georgian

2016 HUD Rent and Income Limits and Your Tax Credit Property
4:00-5:00 p.m.
Experts will review the effects of HUD-published income limits on LIHTC properties–especially in a post-HERA environment–and will focus particularly on the updates from the newly published 2015 limits.
Location: Elizabethan B

Speakers:
  • Thomas Stagg, Novogradac & Company LLP (Moderator)
  • Lindsey Sutton, Novogradac & Company LLP
  • Mark Burton, City Real Estate Advisors Inc.
By Melissa Ly and Thomas Stagg, Novogradac & Company LLP
Originally Published in the May 2016 Journal of Tax Credits
 Affordable Housing Conference Reception
5:00-6:30 p.m.
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