LIHTC Acq/Rehab Issues Part I
Sun-Ae Woo
Manager
Novogradac & Company LLP
Sun-Ae Woo is a manager in the San Francisco office of Novogradac & Company LLP. She provides audit and tax services to real estate partnerships in the affordable housing industry as well as assistance in applying for the low-income housing tax credit (LIHTC). She also specializes in IRC Section 42 tax credit property compliance reviews and has contributed several articles on tax credit property compliance to the Novogradac Journal of Tax Credits. Ms. Woo received a bachelor’s degree in economics from University of California, Berkeley. She is licensed in California as a certified public accountant.
Levi Brooker
Senior Vice President/Loan Officer
JLL
Levi Brooker is a senior vice president and loan officer for JLL’s multifamily lending division. Before the firm merging with JLL in November 2015, Mr. Brooker was with Oak Grove Capital and its predecessors since 2004. Over his career, he has been involved in the closing of more than $1 billion in multifamily housing loans throughout the country. Mr. Brooker has expertise in a wide variety of asset types, including market-rate apartments, affordable housing, manufactured housing, student housing and senior housing. Additionally, he is highly experienced in complex deal structures including acquisition/rehabs, tax-exempt bonds, low-income housing tax credits (LIHTCs), new construction, preferred equity and mezzanine debt. As a previous senior underwriter, Mr. Brooker prides himself on offering certainty of execution due to his superior knowledge of Fannie Mae, Freddie Mac and HUD/FHA programs. Mr. Brooker resides in Los Angeles and holds a master’s degree in finance from the UCLA Anderson School of Management, as well as a bachelor’s degree in real estate from St. Cloud State University in Minnesota.
Brad Bullock
Senior Vice President
City Real Estate Advisors Inc.
Brad Bullock, senior vice president, joined City Real Estate Advisors Inc. (CREA) in April 2011. Mr. Bullock has more than 24 years of experience in the affordable housing industry, most recently as the head of advisory services for a real estate management, development and investment firm. Before that he was the head of asset resolutions at a financial group, which owned 1,000 affordable properties representing a $3 billion equity investment. In 1998, he and his partners sold a national low-income housing tax credit (LIHTC) syndicator to a large nationally known bank. He assumed responsibilities for the bank's national affordable acquisitions platform which generated more than $1 billion of equity and debt origination in 2006. Mr. Bullock has also successfully developed low-income housing developments as a principal. He graduated from Oregon State University in 1981.
Christian Dubois
Associate
Cox, Castle & Nicholson LLP
Christian Dubois is a real estate transactional attorney focusing most of his practice on financing affordable housing developments. He also represents builders and developers in all aspects of the finance, acquisition, disposition, rehabilitation and construction of residential, commercial and mixed-use developments funded by private activity bonds, federal and state tax credits, and various other types of public financing. For-profit and nonprofit affordable housing developers seek Mr. Dubois’ counsel in the acquisition, financing and development of their developments. Having been involved in the development of thousands of units of mixed- and low-income rental housing throughout the United States, Mr. Dubois advises his clients on the complex financial structures required for the acquisition, rehabilitation, construction and disposition of these developments. Mr. Dubois represents developers, investors and lenders in the financing, acquisition, disposition and leasing of office, residential and industrial properties. His clients seek his advice on joint venture and mortgage financing transactions. He regularly drafts and negotiates contracts and coordinates and conducts due diligence, including title and survey review, and handles all closing activities for these transactions.