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    Agenda

     

    Tuesday, June 22
    Sessions open to allocating agencies only
     
    7:00 a.m. – 6:00 p.m.
    Registration & Information
    Grand Registration Desk, Gold Level, East Tower
     
    7:30 a.m. – 8:25 a.m.
    Continental Breakfast
    Grand Ballroom CD South, Gold Level, East Tower
     
    8:30 a.m. – 9:00 a.m.
    Washington Wire
    Grand Ballroom EF, Gold Level, East Tower
    NCSHA’s policy team delivers the latest news, including the status of and outlook for NCSHA’s Housing Bond and Credit priorities, HUD and rural housing funding, GSE reform, and other Credit-related legislative and regulatory initiatives. 
     
    Participants:
    Barbara J. Thompson, Executive Director, NCSHA
     
    9:00 a.m. – 9:15 a.m.
    Networking Break
    Grand Ballroom Foyer, Gold Level, East Tower 
     
    9:15 a.m. – 11:45 a.m.
    Concurrent Sessions
     
    Housing Credit Development Community Meet-Up
    Grand AC North, Gold Level, East Tower
    Share Housing Credit program ideas and approaches to the latest program challenges. Discuss 2010 allocation trends, recent IRS and HUD guidance, TCAP and Exchange Program issues, asset management strategies, new state allocation priorities, progress in securing equity investment, gap financing strategies, and other state allocating agency-suggested topics.
     
    Discussion Leader:
     
    Housing Credit Compliance Community Meet-Up
    Grand BD North, Gold Level, East Tower
    Discuss Housing Credit monitoring hot topics, including new state compliance policies, IRS 8823 Guide changes, 2010 income limits, TCAP and the Exchange Program monitoring challenges, asset management strategies, new compliance best practices, and other state allocating agency-suggested topics.
     
    Discussion Leaders:
    Grand CD South, Gold Level, East Tower
     
    1:00 p.m. – 3:15 p.m.
    Treasury and IRS Briefing
    Grand Ballroom EF, Gold Level, East Tower
    Hear the latest on forthcoming program guidance, the Exchange Program, IRS form revisions, the 8823 Guide, IRS audit activities, and other vital issues affecting state program administration directly from the federal regulators.
     
    Participants:
     
    3:15 p.m. – 3:30 p.m.
    Networking Break
    Grand Ballroom Foyer, Gold Level, East Tower
     
    3:30 p.m. – 5:00 p.m.
    Concurrent Sessions
     
    Dialogue with Housing Credit Investors
    Grand BD North, Gold Level, East Tower
    Open discussion on the current state of the equity market, experiences with TCAP and the Exchange Program, state allocation plans, new factors impacting market analysis, innovative underwriting strategies, and opportunities to inform future policy decisions with enhanced performance data. 
     
    Discussion Leader:
     
    Participants:

    Compliance Exchange with HUD Officials
    Grand AC North, Gold Level, East Tower
    Senior HUD officials discuss the launch of HUD’s new tenant data collection requirements and implementation of new Housing Credit income limits.
     
    Discussion Leaders:
     
    Participants:

    5:15 p.m. – 6:30 p.m.
    Allocators' Happy Hour
    Crystal C, Green Level, West Tower
     
    7:00 p.m. – 10:00 p.m.
    HFA Hall of Fame Gala hosted by National Equity Fund
    (By invitation only)
    The Fairmont Hotel, Moulin Rouge, Lobby Level
    200 North Columbus Drive, Chicago, IL
     
    Wednesday, June 23
    Morning sessions open to allocating agencies only with the exception of the Comprehensive Compliance Workshop
     
    7:00 a.m. – 5:00 p.m.
    Registration & Information
    Grand Registration Desk, Gold Level, East Tower
     
    7:30 a.m. – 8:25 a.m.
    Continental Breakfast
    Grand Ballroom, CD South, Gold Level, East Tower

    8:00 a.m. – 10:00 a.m.
    Housing Credit Task Force Meeting
    Crystal A, Green Level, West Tower
    First hour held jointly with the Rural Housing Focus Group
    HFA executive directors and one designated senior staff only
    (Continental breakfast available at 7:30 a.m.)
     
    8:30 a.m. – 10:15 a.m.
    Concurrent Sessions
     
    Ask the Legal and Accounting Experts
    Grand AC North, Gold Level, East Tower
    Distinguished Housing Credit tax advisors answer the top legal and accounting questions they encounter working with HFAs.
     
    Participants:
     
    8:30 a.m. – 12:00 p.m.
    Comprehensive Compliance Workshop
    Designed to benefit Housing Credit program newcomers and veterans alike, this session is a great primer on program rules covered in greater depth at later compliance sessions. Topics include tenant eligibility, calculating and verifying income, understanding income and rent limits, documenting minimum set-aside, the next available unit rule, the unit vacancy rule, physical inspection requirements, state agency monitoring responsibilities, documentation and reporting requirements, noncompliance correction, and other compliance essentials.
     
    Trainers:
     
    10:15 a.m. – 10:30 a.m.
    Networking Break
    Grand Ballroom Foyer, Gold Level, East Tower
     
    10:30 a.m. – 12:00 p.m.
    Concurrent Sessions
     
    Housing Credit Development Community Meet-Up (continued)
    Grand AC North, Gold Level, East Tower
     
    Discussion Leaders:
     
    Comprehensive Compliance Workshop (continued)
    Grand BD North, Gold Level, East Tower
     
    Trainers:
      
    11:00 a.m. – 1:00 p.m.
    NCSHA Board of Directors Meeting
    HFA executive directors only
    (Brunch available at 10:30 a.m.)
    Crystal A, Green Level, West Tower
     
    12:00 p.m. – 1:30 p.m.
    Networking Lunch
    (Open to allocating agencies only)
    Riverside East, Purple Level, East Tower
     
    Afternoon Sessions Open to All Conference Attendees
     
    1:30 p.m. – 5:00 p.m.
    Housing Credit Marketplace Open
    Columbus Hall, Gold Level, East Tower

    WiFi Lounge sponsored by

     

    Latte Station sponsored by

                               
    1:30 p.m. – 5:00 p.m.
    Opening Plenary Session: Capitalizing on Renewed Optimism
    Grand CD South EF, Gold Level, East Tower
     
    1:30 p.m. – 2:00 p.m.
    Welcome and Opening Remarks
    Grand CD South EF, Gold Level, East Tower
     
    Participants:
    Barbara J. Thompson, Executive Director, National Council of State Housing Agencies
     
    2:00 p.m. – 2:30 p.m.
    Keynote Address
    Grand CD South EF, Gold Level, East Tower
    Jon Sheiner, highly esteemed legislative advisor to former House Ways and Means Committee Chairman and oft-proclaimed "father of the Housing Credit" Charles Rangel (D-NY) talks about what it will take to maintain and strengthen political support for the program on the eve of its 25th year.
     
    2:30 p.m. – 3:15 p.m. 
    Special Report from the Harvard Joint Center for Housing Studies
    Grand CD South EF, Gold Level, East Tower
    Eric Belsky, executive director of Harvard University's Joint Center for Housing Studies, assesses the rental housing market and the Housing Credit and comments on the Joint Center study The Disruption of the Low-Income Housing Tax Credit Program.
     
    3:15 p.m. – 3:30 p.m.
    Networking Break in the Marketplace
    Columbus Hall, Gold Level, East Tower

    3:30 p.m. – 5:00 p.m.
    Housing Credit Industry Roundtable
    Grand CD South EF, Gold Level, East Tower
    A diverse group of program experts share their perspectives on the housing market recovery, the impact of the Tax Credit Assistance Program (TCAP) and the Exchange Program, expanding Housing Credit investment, and prospects for legislative changes.  
     
    Discussion Leader:
     
    Participants:
     
    5:00 p.m. – 6:30 p.m.
    Leadership Circle Reception
    Crystal C, Green Level, West Tower
    By invitation only to HFA executive directors and board members, conference sponsors, and top affiliate supporters.
     
    6:30 p.m. – 12:00 a.m.
    Boston Capital Annual Appreciation Reception
    (By invitation only)
    Crystal A, Green Level, West Tower
     
    Thursday, June 24
    Sessions open to all
     
    7:00 a.m. – 5:30 p.m.
    Registration & Information
    Grand Registration Desk, Gold Level, East Tower
     
    7:30 a.m. – 5:30 p.m.
    Marketplace
    Columbus Hall, Gold Level, East Tower 

    WiFi Lounge sponsored by


                                                     

    Latte Station sponsored by

                                                    

    Relaxation Station sponsored by
    7:30 a.m. – 8:25 a.m.
    Breakfast in the Marketplace
    Columbus Hall, Gold Level, East Tower
     
    8:30 a.m. – 9:45 a.m.
    Concurrent Sessions
     
    Finance and Development
    Debt Financing Forum
    Grand AC North, Gold Level, East Tower
    In the wake of the credit crunch, debt financing for Housing Credit developments can be as tough to secure as equity. Study taxable and tax-exempt financing options from HUD, Fannie Mae and Freddie Mac, state HFAs, and leading banks.
     
    Discussion Leader:
     
    Participants:
     
    Compliance and Management
    IRS Compliance and Examination News
    Grand BD North, Gold Level, East Tower
    Hear about the newly revised IRS 8823 Guide, Housing Credit audit activity, and other compliance developments from senior IRS officials, state agency monitoring representatives, and industry compliance experts.
     
    Discussion Leader:
     
    Participants:
     
    Special Focus Session
    Growing Green Building
    Grand F, Gold Level, East Tower
    Explore national green building policy, the compelling results of new green cost analysis, the impact of energy credits on financial structuring, congressional and Administration initiatives, and new strategies for greening existing affordable housing.
     
    Discussion Leader:
     
    Participants:
     
    9:45 a.m. –10:00 a.m.
    Networking Break in the Marketplace
    Columbus Hall, Gold Level, East Tower
     
    10:00 a.m. – 11:30 a.m.
    Concurrent Sessions
     
    Finance and Development
    Strategic Structuring with the Exchange Program and TCAP
    Grand AC North, Gold Level, East Tower
    Treasury and HUD officials, state allocating agency representatives, and industry experts discuss the Exchange Program and TCAP.  Probe financial structuring questions, investor considerations, asset management strategies, and reporting hurdles.
     
    Discussion Leader:
     
    Participants:
     
    Compliance and Management Track
    Making Sense of Income Limits
    Grand BD North, Gold Level, East Tower
    Navigate HUD’s 2010 income limits, application of the HERA hold harmless rule, the impact of potentially different income and rent limits for Credit developments located in the same county, and applying new rules to future deals. 
     
    Discussion Leader:
     
    Participants:
     
    Special Focus Session
    Developing on Tribal Lands
    Grand F, Gold Level, East Tower
    Lack of investor equity has negatively impacted Tribal land development. Hear developer, investor, state agency, and legal perspectives on the benefits of developing on Tribal land and strategies for overcoming obstacles.   
     
    Discussion Leader:
     
    Participants:
     
    10:15 a.m. – 12:00 p.m.
    Housing GSE Working Group Meeting
    HFA executive directors and designated senior staff only
    Crystal C, Green Level, West Tower
     
    11:30 a.m. – 1:00 p.m.
    Networking Lunch in the Marketplace
    Columbus Hall, Gold Level, East Tower
     
    1:00 p.m. – 2:15 p.m.
    Concurrent Sessions
     
    Finance and Development Track
    Creative Restructuring Strategies
    Grand AC North, Gold Level, East Tower
    Find out how to reposition developments and handle workouts of troubled older deals, including “underwater” multifamily mortgages in declining markets. Learn how to judge the markets, project rent growth, and size reserves to ensure property performance and long-term viability.
     
    Discussion Leader:
     
    Participants:
     
    Compliance and Management Track
    Managing HUD Tenant Data Collection
    Grand BD North, Gold Level, East Tower
    As HUD finalizes its plans for congressionally mandated Housing Credit tenant data collection, state allocating agencies, management companies, and owners shift into the implementation phase. Get the latest news on this initiative and contribute to the dialogue on streamlining data collection and minimizing the burden on all parties. 
     
    Discussion Leader:
     
    Participants:
     
    Special Focus Session
    Washington Watch: Housing Credit Legislative Outlook
    Grand F, Gold Level, East Tower
    Seasoned Washington insiders report on the likelihood and timing of congressional action on legislation affecting the Housing Credit, including Exchange Program extension and expansion, investor incentives, HUD and rural housing funding, and GSE reform.
     
    Discussion Leader:
     
    Participants:
     
    2:15 p.m. – 2:45 p.m.
    Power Break in the Marketplace
    Columbus Hall, Gold Level, East Tower 
     
    2:45 p.m. – 4:00 p.m.
    Concurrent Sessions
     
    Finance and Development Track
    Structured Asset Management
    Grand AC North, Gold Level, East Tower
    Analyze the condition of the Housing Credit portfolio, new state agency asset management strategies, and the evolution of Housing Credit asset management with experienced industry professionals. 
     
    Discussion Leader:
     
    Participants:
     
    Compliance and Management Track
    Fair Housing Primer
    Grand BD North, Gold Level, East Tower
    Senior HUD officials lead a focused training on the Fair Housing Act’s accessibility requirements and anti-discrimination rules. Delve deep into civil rights requirements in Housing Credit developments, including the impact of  TCAP and other subsidies on compliance and management responsibilities.
     
    Trainers:
     
    Special Focus Session
    Driving Rural Development
    Grand F, Gold Level, East Tower
    Recent equity market instability had a devastating impact on rural development. Explore how to bring Housing Credit development to rural areas by leveraging gap financing tools and structuring deals to attract investors.
     
    Discussion Leader:
     
    Participants:
     
    4:00 p.m. – 4:15 p.m.
    Networking Break in the Marketplace
    Columbus Hall, Gold Level, East Tower
     
    4:15 p.m. – 5:30 p.m.
    Concurrent Sessions
     
    Finance and Development Track
    The Equity Market Renaissance
    Grand AC North, Gold Level, East Tower
    A major turnaround in the equity market is the focus of this lively exchange including the discussion of new sources of investment, whether new investors translate to a more reliable equity base, innovative fund structures, potential improvements in CRA regulation, investor attitudes towards the Exchange Program, portfolio performance trends, and the potential market impact of proposed legislation.
     
    Discussion Leader:
     
    Participants:
     
    Compliance and Management Track
    Acquisition/Rehab Compliance Clinic
    Grand BD North, Gold Level, East Tower
    Benefit from expert advice on handling tenant relocation during rehabilitation, determining the start of the Credit period, timing tenant certifications, and other critical issues for structuring, managing, and ensuring compliance in acquisition/rehab deals. 
     
    Discussion Leader:
     
    Participants:
     
    5:30 p.m. – 7:00 p.m.
    Networking Reception in the Marketplace
    Columbus Hall, Gold Level, East Tower
    Specialty Drink Stations sponsored by
    		           
     
    Friday, June 25
    Sessions open to all
     
    7:00 a.m. – 11:45 a.m.
    Registration & Information
    Grand Registration North and South, Gold Level, East Tower

    7:30 a.m. – 8:25 a.m.
    Continental Breakfast
    Grand Ballroom Foyer, Gold Level, East Tower

    8:30 a.m. – 10:00 a.m.
    Concurrent Sessions

    Finance and Development Track
    Closing the Gap: Multiple Subsidy Seminar
    Grand AC North, Gold Level, East Tower
    Financial structuring gurus discuss innovative strategies for using multifamily bonds, state tax credits, Section 202 funds, Neighborhood Stabilization Program funds, historic credits, and other sources of gap financing. 
     
    Discussion Leader:
     
    Participants:
     
    Compliance and Management Track
    Conquering Compliance Complexities
    Grand BD North, Gold Level, East Tower
    Gain insight from industry experts on some of the trickiest compliance issues, including monitoring for multiple subsidies, the multiple building election, and mixed-income developments.
     
    Discussion Leader:
     
    Participants:
     
    10:00 a.m. – 10:15 a.m.
    Networking Break
    Grand Ballroom Foyer, Gold Level, East Tower
     
    10:15 a.m. – 11:45 a.m.
    Concurrent Sessions
     
    Finance and Development Track
    Preservation in Practice
    Grand AC North, Gold Level, East Tower
    Equity market turmoil has crippled the 4 Percent Credit market, making structuring preservation deals harder than ever. Hear ideas for preserving with and without 4 Percent Credits, plus the latest news on qualified contracts, capital needs assessments, HUD preservation programs, and federal legislation. 
     
    Discussion Leader:
     
    Participants:
     
    Compliance and Management Track
    Compliance and Management Forum
    Grand BD North, Gold Level, East Tower
    Discuss today’s most pressing property management challenges and toughest compliance quandaries in an open forum with state agency officials and the industry’s leading problem solvers.
     
    Discussion Leader: