Agenda

Allocating Agency-Only Agenda

Tuesday | Wednesday

Agenda subject to change

Tuesday, June 19

Sessions open to NCSHA member HFAs and member Housing Credit allocating agencies only.

7:30 a.m. – 5:30 p.m.
Registration and Information

8:00 a.m. – 8:55 a.m.
Continental Breakfast

9:00 a.m. – 9:45 a.m.
Washington Briefing
NCSHA’s policy team reports on the congressional tax agenda and affordable housing program funding. Hear about the newly enacted Housing Credit cap increase and income averaging option, as well as NCSHA’s continuing efforts to strengthen the Credit and Housing Bond programs and advance other NCSHA priorities.

9:45 a.m. – 10:00 a.m.
Networking Break

10:00 a.m. – 11:30 a.m.
Concurrent Sessions

Development Community Meet-Up
Allocating agency development officials share experiences and challenges in Housing Credit program administration and explore emerging issues in allocation, underwriting, and development.

Compliance Community Meet-Up
Allocating agency compliance officials share experiences and challenges in Housing Credit monitoring and explore emerging issues in compliance and management.

11:30 a.m. – 12:45 p.m.
Lunch

12:45 p.m. – 2:00 p.m.
Concurrent Sessions

Development Community Meet-Up (continued)

Compliance Community Meet-Up (continued)

2:00 p.m. – 2:15 p.m.
Networking Break

2:15 p.m. – 3:45 p.m.
Joint Development and Compliance Community Meet-Up
Allocating agency development and compliance officials come together to discuss areas of mutual responsibility and current challenges in program administration.

3:45 p.m. – 4:00 p.m.
Networking Break

4:00 p.m. – 5:30 p.m.
Housing Credit Investor Forum
Joint with Affordable Housing Investors Council
Housing Credit investors join allocating agency representatives to discuss Credit pricing, financial structuring strategies, project performance trends, Year 15 and other preservation issues, and emerging challenges in development, asset management, and project compliance.

5:30 p.m. – 6:30 p.m.
Allocators’ Happy Hour

Wednesday, June 20

Morning sessions open to NCSHA member HFAs and member Housing Credit allocating agencies only.

7:30 a.m. – 4:45 p.m.
Registration and Information

8:00 a.m. – 8:55 a.m.
Continental Breakfast

8:30 a.m. – 10:30 a.m.
NCSHA Board of Directors Meeting
Open to NCSHA member HFA executive directors only
Breakfast available at 8:00 a.m.

9:00 a.m. – 10:15 a.m.
IRS Policy Briefing
State Housing Credit allocating agency representatives meet with senior Internal Revenue Service (IRS) attorneys and compliance officials to discuss program administration, reporting requirements, forthcoming guidance, and compliance monitoring.

10:15 a.m. – 10:30 a.m.
Networking Break

10:30 a.m. – 12:00 p.m.
Q&A with Legal and Accounting Experts
National tax advisors discuss the impact of tax reform and the new income averaging minimum set-aside election on Housing Credit administration and other legal and accounting questions facing the program.

11:00 a.m. – 1:00 p.m.
Executive Directors Forum
Open to NCSHA member HFA executive directors only
Lunch available at 11:30 a.m.

12:00 p.m. – 1:30 p.m.
Lunch
Open to NCSHA member HFAs and member Housing Credit allocating agencies only

General Conference Agenda

Wednesday | Thursday | Friday

Agenda subject to change

Wednesday, June 20

Afternoon sessions open to all attendees

1:00 p.m. – 5:30 p.m.
Marketplace Grand Opening

1:30 p.m. – 3:15 p.m.
Opening Plenary

1:30 p.m. – 2:15 p.m.
Welcome and Opening Remarks
NCSHA’s leadership previews Housing Finance Agency priorities and the outlook for the Housing Credit program in Washington.

2:15 p.m. – 3:15 p.m.
Designing for Affordability
Nationally renowned architect Michael Pyatok discusses key strategies for controlling Housing Credit development costs at the design stage and the importance of good design in securing public acceptance of affordable housing.

3:15 p.m. – 3:45 p.m.
Networking Break in the Marketplace

3:45 p.m. – 5:15 p.m.
Concurrent Sessions

Development
The QAP Revolution
As demand for affordable housing continues to increase, state agencies are refining Housing Credit qualified allocation plans (QAPs) to reflect a myriad of public policy objectives. Learn how demographic trends, enhanced focus on tenant opportunity, construction cost increases, community revitalization strategies, fair housing considerations, preservation, and NCSHA’s new Recommended Practices are dramatically altering QAP priorities and program outcomes.

Compliance
Compliance Hot Topics
Federal officials and industry compliance experts explore current issues in Housing Credit compliance, including income limit and utility allowance updates, fair housing enforcement action, IRS compliance activity, and the impact of natural disasters and casualty loss events. Understand how the new income averaging option will impact compliance monitoring.

5:30 p.m. – 6:30 p.m.
Leadership Circle Reception
Open by invitation only to NCSHA member HFA executive directors and board members, top affiliate supporters, and top-tier conference sponsors. To become a Leadership Circle member, contact Phaedra Stoger.

Thursday, June 21

Sessions open to all attendees

7:30 a.m. – 5:30 p.m.
Registration and Information

8:00 a.m. – 7:00 p.m.
Marketplace Open

8:00 a.m. – 8:55 a.m.
Continental Breakfast in the Marketplace

8:30 a.m. – 11:45 a.m.
Executive Directors Forum
Open to NCSHA member HFA executive directors only
Breakfast available at 8:00 a.m.

9:00 a.m. – 10:15 a.m.
Concurrent Sessions

Development
Analyzing the Impact of Tax Reform
Leading tax advisors examine the Tax Cuts and Jobs Act of 2017 and the short- and long-term effects on the existing Housing Credit portfolio and new investments. Gain an understanding of the impact of the reduced corporate tax rate on Credit pricing and investor yield calculations, as well as changes in depreciation rules, interest deduction limitations, the new base erosion and anti-abuse tax (BEAT), and tax issues related to capital accounts, exit taxes, and bona-fide indebtedness.

Compliance
Maintaining Compliance in Resyndications
Explore the impact of resyndication on Housing Credit compliance, including rules on qualification of existing tenants, applicable income and rent limits, student eligibility, amendment of extended-use agreements, and application of the next available unit and unit vacancy rules.

Special Focus
Developing Service-Enriched and Supportive Housing
Hear about successful strategies for integrating resident services into development budgets for family, elderly, and permanent supportive housing. Consider development structuring issues, underwriting criteria, and service funding strategies, as well as tools for measuring the capability of service providers. Understand the vital link between housing and the delivery of health and other services.

Housing Credit 101
Housing Credit Program Basics
Veteran industry trainers discuss basic Housing Credit program requirements, including income and rent restrictions, qualified allocation plans, federal preferences and criteria, financial feasibility analysis, types of Credit, eligible basis calculations, and compliance monitoring.

10:15 a.m. – 10:30 a.m.
Networking Break in the Marketplace

10:30 a.m. – 11:45 a.m.
Concurrent Sessions

Development
Mixed-Income Housing Solutions
Explore best practices for utilizing the Housing Credit in mixed-income developments. Consider the benefits of a diverse resident base and the underwriting risks associated with units above 60 percent of area median income. Examine zoning variances, impact fee waivers, density bonuses, and other planning incentives for mixed-income development. Understand how the income averaging provision of the Consolidated Appropriations Act of 2018 would facilitate mixed-income development.

Compliance
Implementing VAWA Requirements
Review HUD’s Violence Against Women Act (VAWA) guidance and how it applies to Housing Credit developments. Consider implementation of NCSHA’s new VAWA recommended practice and VAWA provisions on tenant notice, emergency transfer plans, and lease bifurcation.

Special Focus
Achieving RAD Results
Survey experience and current opportunities with HUD’s Rental Assistance Demonstration (RAD) program, including lessons from closed transactions and the status of current developments. Explore structuring issues involving Housing Credits and tax-exempt bonds, recent guidance on tenant relocation, and expansion of the program to the Section 202 portfolio.

Housing Credit 101
Eligible Basis and Credit Calculations
Gain an understanding of the three types of Credit, applicable percentages, IRS Form 8609 elections, accounting treatment of construction costs and soft costs, eligible basis calculations, and determining maximum Credit amounts.

11:45 a.m. – 1:00 p.m.
Networking Lunch in the Marketplace

12:00 p.m. – 1:15 p.m.
Rural Housing Focus Group Meeting
Open to NCSHA member HFA executive directors and their designated staff members only
Lunch available at 11:45 a.m.

1:00 p.m. – 2:15 p.m.
Concurrent Sessions

Development
Creative Approaches to Cost Control
While Credit allocating agencies continue to refine development cost policies, developers and other industry participants are implementing new practices to reduce costs. Explore innovative cost control approaches that address issues raised in the General Accountability Office report on development costs and NCSHA’s cost study. Learn how to strike the appropriate balance between development cost and quality.

Compliance
Senior Housing Compliance
Examine compliance rules related to age restrictions, fair housing requirements, reasonable accommodation, resident services, unit transfers, live-in aides, and other aspects of Housing Credit developments targeted to seniors.

Special Focus
Understanding Opportunity Zones
Opportunity Zones, a new community development tool authorized in the 2017 tax reform bill, encourage investment in designated high-poverty neighborhoods through favorable capital gains treatment and other incentives. Policy experts explain the new program, the opportunity zone designation process, eligible investments, and how opportunity zone investments might be used with the Housing Credit.

Housing Credit 101
The Development Process
Explore the Housing Credit development process, including review of a typical development timeline, carryover allocation requirements, satisfying the 10 percent test, placed-in-service requirements, key deadlines, and supporting documentation.

2:15 p.m. – 2:45 p.m.
Networking Break in the Marketplace

2:45 p.m. – 4:00 p.m.
Concurrent Sessions

Development
Maximizing Tax-Exempt Bond Resources
As utilization of private activity bonds for affordable rental housing increases, financial structuring experts examine innovative bond executions and other tactics to use bond resources effectively. Explore technical issues in combining Credits and bonds, underwriting and structuring strategies for attracting investors to bond-financed deals, and the impact of tax reform on bond transactions.

Compliance
Tenant Income and Asset Seminar
Review essential rules for tenant income determination and asset valuation. Gain a better understanding of treatment of wages, Social Security payments, alimony and child support, real estate income, royalties, and other sources of income. Discuss verification of periodic self-employment income from sources such as eBay, Lyft, and Uber. Consider best practices in tenant income and asset documentation.

Special Focus
Housing Credit Advocacy in Action
Washington insiders provide perspectives on how the advocacy community achieved major successes over the last year — preserving the Housing Credit and Bonds during tax reform and attaining a cap increase and greater Housing Credit flexibility in the FY 2018 omnibus appropriations bill. Hear about how we can take advantage of future opportunities to advance the rest of our shared Housing Credit and Bond advocacy agenda and what challenges these programs still face.

Housing Credit 101
Deal Structuring and Syndication Essentials
Learn fundamental aspects of structuring Housing Credit deals, including discussion of common investment structures, equity pricing considerations, financial structuring and underwriting criteria, the syndication process, partnership agreements, and Credit recapture basics.

4:00 p.m. – 4:15 p.m.
Networking Break in the Marketplace

4:15 p.m. – 5:30 p.m.
Concurrent Sessions

Development
Housing Credit Equity Market Forum
National Housing Credit syndicators and investors discuss 2018 equity market activity and offer perspectives on Credit pricing, investor yields, the return of Fannie Mae and Freddie Mac to the market, Community Reinvestment Act (CRA) reform, and current underwriting and financial structuring issues.

Compliance
Advances in Compliance Technology
Survey the latest innovations in Housing Credit information technology, including databases for monitoring property information and digital tools for rent reporting. Consider the benefits of electronic files and use of tablets for site visits, as well as best practices in data security protocol and potential use of block chain technology for compliance documentation.

Special Focus
Responding to Natural Disasters
In the wake of multiple natural disasters, state agencies and the Credit industry have played a critical role in disaster response with provision of temporary housing for impacted families and by rebuilding affordable housing and communities. Hear about best practices in insurance coverage, lessons learned from recent experiences, and how future Credit developments could be built to better withstand disasters.

Housing Credit 101
Program Monitoring and Compliance
Gain a better understanding of essential aspects of Housing Credit compliance, including satisfying the minimum set-aside, applicability of income limits, tenant eligibility requirements, income calculation and verification rules, the next available unit rule, state agency compliance monitoring, property inspection requirements, and the impact of noncompliance on Credit delivery.

5:30 p.m. – 7:00 p.m.
Networking Reception in the Marketplace

Friday, June 22

Sessions open to all attendees

8:00 a.m. – 12:00 p.m.
Registration and Information

8:00 a.m. – 8:55 a.m.
Continental Breakfast

9:00 a.m. – 10:15 a.m.
Concurrent Sessions

Development
Achieving Long-Term Affordability
As more Housing Credit developments approach the end of the extended-use period, the industry is focusing on long-term preservation. Explore opportunities and challenges with acquisition and recapitalization of Year 15 properties, state agency priorities for long-term affordability, diverse perspectives on property valuation, and preservation strategies for at-risk developments.

Compliance
Professional Property Management
Housing Credit property management experts explore best practices in tenant screening and income qualification, fair housing marketing, implementation of income limit and utility allowance changes, physical inspections, noncompliance correction, and management of an aging portfolio.

10:15 a.m. – 10:30 a.m.
Networking Break

10:30 a.m. – 12:00 p.m.
Concurrent Sessions

Development
Multifamily Finance Strategies
Financial structuring experts examine various multifamily finance programs and their application in Housing Credit development. Learn tactics for combining the Credit with Choice Neighborhoods funding, historic credits, state tax credits and other capital sources, and subsidy from nontraditional funding partners.

Compliance
Compliance and Management Forum
Housing Credit compliance professionals convene in an open forum to discuss program hot topics, best practices, and emerging challenges in compliance and property management.