MYLOGO
SB: Affordable Housing Debt Products
Affordable Housing Debt Products-What's Old is New Again
Paul Charron
Partner
Novogradac & Company LLP
Paul Charron is a partner in the Walnut Creek, Calif., office of Novogradac & Company LLP. He specializes in accounting and auditing in the real estate and renewable energy industries. His experience includes accounting and auditing of affordable housing developments, real estate partnerships, limited liability companies, joint ventures for real estate developers, employee benefit plans and broker/dealers. Mr. Charron frequently consults with clients on unusual or complex accounting issues. Within the renewable energy industry, he has experience providing accounting and business advisory services to developers, syndicators and institutional investors on developments that use the investment tax credit (ITC) and the production tax credit (PTC). He also serves as technical editor for the firm’s GAAP for Tax Credit Investments handbook. Before joining Novogradac & Company, Mr. Charron was an audit senior manager with Ernst & Young LLP, where he served technology companies, and was an audit manager with PricewaterhouseCoopers LLP in Toronto, Canada, where he served a variety of clients in the technology, retail and consumer products, and real estate and tourism industries. Mr. Charron also worked in Switzerland and the Caribbean while at PricewaterhouseCoopers LLP. He has significant SEC reporting experience, including periodic filings, mergers and acquisitions, and initial public offerings. He received a bachelor's degree in economics from the University of Western Ontario in London, Ontario, Canada, and a master of accountancy degree from Golden Gate University in San Francisco. He is licensed in California, Delaware, Washington and Oregon as a certified public accountant.
Helen Feinberg
Managing Director
RBC Capital Markets
Helen Feinberg has been employed by RBC Capital Markets for approximately 30 years. She serves as the co-head of the firm’s housing finance group with management responsibilities focused on the multifamily sector and state of Florida. Ms. Feinberg has approximately 25 years’ experience in the housing sector, having served as underwriter or placement agent on a wide range of single-family and multifamily transactions. Her affordable housing client base includes state and local housing finance agencies, public housing authorities, developer and nonprofits. Ms. Feinberg serves as an advisory council member for the Florida Housing Coalition and a board member of the Coalition of Affordable Housing Providers. Ms. Feinberg was appointed by Florida Gov. Jeb Bush in 2003 to serve as chairwoman of the Affordable Housing Study Commission for a four-year term and previously served as a member of Fannie Mae’s National Advisory Council for a two-year term.
Robert Hoskins
Managing Principal
The NuRock Companies
Robert G. Hoskins is managing principal of The NuRock Companies. Since its inception, The NuRock Companies have developed, operated and managed more than 14,750 affordable and market-rate housing units throughout the Southeast and Southwestern United States. NuRock is ranked as the 12th largest affordable housing developers in the country and is ranked as the 30Th largest owner of affordable housing by AHF. NuRock has won several national awards for its innovative approach to affordable housing. Such awards include the Magnolia Award from DCA, the John J. Guenther Blue Ribbon Practices Award from HUD, The Tax Credit Excellence Award from the Affordable Housing Tax Credit Coalition in Washington, D.C., as well as best development awards from AHF.
Tammy Ofek
Managing Director
CapM Funding
Tammy Ofek is the managing director of CapM Funding, a capital markets consulting firm specializing in derivatives and reinvestment solutions for the tax-exempt and taxable marketplace. She is nationally recognized throughout the municipal finance and housing markets as a leading swap and derivatives adviser to the real estate development industry, tax credit participants, lenders, municipal issuers, corporations, nonprofit organizations and other users of tax-exempt debt instruments. Ms. Ofek has executed more than $10 billion in various derivative agreements, including interest rate swaps, caps, floors, collars, guaranteed investment contracts and other derivative instruments for more than 20 years.
Mathew M. Wambua
President
Richmac Funding LLC, a Richman Group Company
Mathew Wambua joined The Richman Group of Companies as president of RHR Funding LLC in October 2013 and is charged with establishing and expanding Richman’s mortgage lending platform, nationally and within the New York market. The Richman Group comprises one of the largest equity investors in affordable housing and one of the nation’s largest residential property owners and developers. In 2011, Mr. Wambua was appointed commissioner of the New York City Department of Housing Preservation and Development (HPD), the nation’s largest municipal housing agency, with a workforce of more than 2,000 employees and an annual budget of approximately $1.2 billion. HPD served as the primary steward of Mayor Bloomberg’s New Housing Marketplace Plan (NHMP), which called for the creation or preservation of 165,000 units of affordable housing. Mr. Wambua oversaw the financing of approximately 47,000 housing units, representing a $6 billion investment. Additionally, Mr. Wambua led a number of special initiatives. From 2008 through 2011, Mr. Wambua served as executive vice president of the New York City Housing Development Corporation (HDC). HDC ranks as the third largest affordable housing lender nationally, and over the course of the past decade issued more than $11 billion in tax-exempt and taxable bonds to finance the NHMP, as well as provided more than $1 billion in direct capital subsidies to increase long-term affordability. From 2004 through 2008, Mr. Wambua was senior policy advisor for the New York City deputy mayor for economic development, where he coordinated and oversaw a citywide portfolio of economic development agencies, boards and commissions, as well as oversaw all economic development initiatives within the Bronx and Upper Manhattan. Previously, Mr. Wambua held positions as the vice president for special projects at the New York City Economic Development Corporation (EDC), and as a senior investment officer for General Electric Capital Commercial Real Estate. Over the course of the past decade, Mr. Wambua served on numerous boards including the New York Housing Conference, New York City Local Initiative Support Corporation (LISC), Samaritan Village, The Procurement Policy Board of NYC, Settlement Housing Fund, Mid Bronx Desperados Development Corporation, NYU’s Moelis Institute, Placeful, NYC HDC, NYC Residential Mortgage Insurance Company, the Center for New York City Neighborhoods (CNYCN), Brooklyn Bridge Park Development Corporation, the New York City Housing Partnership, the NYC Empowerment Zone Corporation, NYC Economic Development Corporation and the NYC Industrial Development Corporation. Mr. Wambua earned a bachelor's degree from the University of California at Berkeley and a master's degree in public policy from Harvard University’s John F. Kennedy School of Government. He has taught real estate finance at NYU’s Graduate School of Public Service and managerial economics at the New School’s Graduate School of Public Policy.