Sessions on Tuesday, June 2, and Wednesday morning, June 3, are open only to registered staff of HFA and Associate members.

Programming for all registrants begins at 1:00 p.m. on Wednesday, June 3, with the opening of the Marketplace.

This schedule is subject to change.

Tuesday Jun 2

Sessions open to staff of NCSHA HFA and Associate members only

Registration & Information
Continental Breakfast
Washington Report

NCSHA’s policy team briefs allocating agency representatives on the Housing Credit legislative and regulatory landscape. Get an update on the Affordable Housing Credit Improvement Act, NCSHA initiatives to expand tax-exempt bond resources, HUD and USDA funding, federal efforts to relieve affordable housing regulatory burden, and other issues impacting the Credit.

Networking Break
CONCURRENT SESSIONS

Development Community Meet-Up

Allocating agency development officials share program administration experiences and explore emerging issues in Housing Credit allocation, underwriting, and development.

Compliance Community Meet-Up

Allocating agency compliance officials share program monitoring experiences and explore emerging issues in Housing Credit compliance and management.

Lunch
CONCURRENT SESSIONS

Development Community Meet-Up (continued)

Compliance Community Meet-Up (continued)

Networking Break
IRS Policy and Compliance Briefing

Senior Internal Revenue Service officials brief allocating agency representatives on new Housing Credit program guidance, IRS reporting issues, and other program administration matters.

Networking Break
Housing Credit Allocator and Investor Forum

Housing Credit investors join allocating agency representatives to discuss QAP priorities, Credit pricing trends, financial structuring and underwriting criteria, Average Income Test developments, issuance of IRS Form 8609, project performance, investor exit strategies, and other hot topics in Housing Credit development, asset management, and project compliance.

Allocators' Happy Hour

Wednesday Jun 3

Morning sessions open to staff of NCSHA HFA and Associate members only

Registration & Information
Continental Breakfast
NCSHA Board of Directors Meeting

Open to NCSHA member HFA executive directors only
Breakfast available at 8:00 a.m.

HUD Policy Forum

Senior HUD officials meet with allocating agency representatives to discuss new income limits, Housing Credit tenant data collection, QCT and DDA designations, Rental Assistance Demonstration (RAD) developments, reducing regulatory barriers to affordable housing, and fair housing enforcement.

Networking Break
Ask the Legal and Accounting Experts

Veteran tax advisors answer legal and accounting questions from allocating agency representatives and offer perspectives on program hot topics including deal structuring and compliance aspects of the Average Income Test, qualified contract activity, timing of IRS Form 8609 issuance, and state enforcement of extended use agreements.

Executive Directors Forum

Open to NCSHA member HFA executive directors only
Lunch available at 11:30 a.m.

Lunch

Open to NCSHA HFA and Associate members only

Afternoon sessions open to all registrants

Marketplace Grand Opening
Opening Plenary: Creating Successful Mixed-Income Communities

Dr. Mark Joseph, founding director of the National Initiative on Mixed-Income Communities and a chaired professor at Case Western Reserve University, shares practical lessons and actionable advice on creating mixed-income communities based on more than a decade of research, analysis, and consulting on developments in cities across the United States.

KEYNOTE SPEAKER
Mark L. Joseph, Ph.D., Faculty Associate, National Initiative on Mixed-Income Communities | Case Western Reserve University

Sponsored by Zeffert & Associates

Networking Break in the Marketplace
CONCURRENT SESSIONS

Finance and Investment

Housing Credit Equity Market Roundtable

Housing Credit investors and syndicators provide the mid-year update on 2020 equity market activity and share perspectives on Credit pricing trends, the increased volume of tax-exempt bond deals, Average Income Test development underwriting, new partnership audit rules, Community Reinvestment Act (CRA) reform, potential changes in the investor base, state tax credits, and portfolio performance.

Compliance and Management

Compliance Hot Topics

Federal officials and compliance experts discuss potential changes to IRS compliance monitoring regulations, Average Income Test implementation, recent income limit and utility allowance updates, disaster response, IRS audit guidance, and emerging issues in Housing Credit compliance and management.

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 at membership@ncsha.org.

Thursday Jun 4

Sessions open to all registrants

Registration & Information
Marketplace Open
Continental Breakfast in the Marketplace
NCSHA Opportunity Zones Focus Group Meeting

Open to NCSHA member HFA executive directors and one designated staff member only
Breakfast available at 7:30 a.m.

Concurrent Sessions

Development and Construction

Navigating Development Challenges

Affordable housing developers offer solutions to common development challenges, including delays in zoning and permitting approvals, volatile construction material pricing, environmental and site issues, construction labor shortages, and NIMBY challenges. Learn strategies for achieving important development milestones, timely construction completion, and meeting placed-in-service deadlines.

Compliance and Management

Tenant Income and Asset Seminar

Review the essential rules for calculating tenant income and valuing assets, including treatment of wages, Social Security payments, alimony and child support, real estate income, royalties, and periodic self-employment income. Learn what assets must be considered and how to properly value them. Exchange best practices in verification and documentation of income and assets.

Finance and Investment

Navigating the Private Activity Bond Landscape

As the need for affordable rental housing grows, the demand for tax-exempt bonds and use of the 4 percent Credit have increased significantly. Financial structuring experts discuss tactics to make the most effective use of bond resources in the current highly competitive environment, as well as innovative executions including bond recycling and combining 9 and 4 percent Credits.

Tax and Housing Policy

Data-Enhanced Public Policy and Underwriting

Three decades of Housing Credit development have provided us with a wealth of data: How do we use that data to inform public policy decisions, underwriting criteria, and asset management? During this session, we explore trends in income limits, utility allowances, maximum rents, vacancy rates, operating expenses, and financial performance and discuss management innovations that enhance data collection efficiency and quality.

NCSHA Disaster Planning and Response Focus Group Meeting

Open to NCSHA member HFA executive directors and their designated staff members only

Networking Break in the Marketplace
CONCURRENT SESSIONS

Development and Construction

Principles of Affordable Housing Design

What strategies do we have for controlling development costs at the design stage? How important is good design in securing the public’s acceptance of affordable housing? Discuss cost-effective options for enhancing energy efficiency, resident health, and project sustainability; the importance of construction material choices; and the role of the architect during and after construction.

Compliance and Management

Applying Income Limit and Utility Allowance Changes

Get a better understanding of the IRS rules on utilization of new income limits and utility allowances in Housing Credit developments. This session explores trends in income limits, the impact of minimum wage increases on tenant eligibility, various perspectives on rent increases, how utility allowance options influence maximum project rents, and special issues related to preservation transactions and resyndications.

Finance and Investment

Housing Credit Investment 101

Get a behind-the-scenes look at the Housing Credit investment process: Program investors offer their perspectives on deal selection, Credit pricing, syndicated versus direct investments, timing of equity installments, underwriting criteria, reserve accounts, asset management, and property disposition.

Tax and Housing Policy

Threats to Long-Term Affordability

As the value of rental housing increases, Housing Credit developments face serious challenges in maintaining affordability. We explore the policy implications of increased qualified contract activity, challenges to rights of first refusal, and modifications of extended use agreements and the magnitude of the preservation challenge as the first wave of Housing Credit properties reach Year 30.

NCSHA Rural Housing Focus Group Meeting

Open to NCSHA member HFA executive directors and their designated staff members only
Boxed lunch available at 12:00 p.m.

Networking Lunch in the Marketplace
CONCURRENT SESSIONS

Development and Construction

Average Income Test Case Studies

What lessons have we learned from the initial batch of developments electing the Average Income Test minimum set-aside? During this session, we discuss deal structuring strategies, market assessments, unit designation policies, and equity partner considerations, as well as get an update on lease-up progress and advice on underwriting and structuring future Average Income Test deals.

Compliance and Management

Streamlining Physical Inspections

Compliance and management professionals share tips for effective Housing Credit physical inspections. We delve into inspection protocol, file review strategies, site visit safety, accessibility requirements, and noncompliance documentation and discuss the impact of new IRS rules on unit sampling during inspections and how compliance technology can improve inspection efficiencies.

Finance and Investment

Leveraging the Credit in Opportunity Zones

What impact will the final Opportunity Zone regulations have on affordable rental housing development? Explore the financial structuring lessons learned from the first wave of Opportunity Zone developments, as well as effective strategies for combining the incentive with Housing Credits and tax-exempt bond financing and important tax considerations for real estate transactions.

Tax and Housing Policy

The Impact of New Partnership Audit Rules

Recent legislation that creates a new process for amending federal partnership tax returns is causing major changes in the accounting and investment industries. Learn the details of the new tax rules and the significant implications of delayed IRS Form 8609 issuance on the investor’s ability to claim Housing Credits.

Networking Break in the Marketplace
CONCURRENT SESSIONS

Development and Construction

Effective Capital Needs Assessments

During this session, discuss how to accurately determine a property’s rehabilitation needs using a capital needs assessment that analyzes the site’s existing condition, utilities, structural elements, roofing, mechanical systems, plumbing, and interior finishes and how to evaluate necessary improvements to energy efficiency and physical accessibility in establishing a plan for cost-effective rehabilitation.

Compliance and Management

Monitoring Compliance with the Average Income Test

What strategies do we have for effectively monitoring compliance in developments electing the Average Income Test minimum set-aside? Gain a better understanding of state monitoring policies, investor perspectives, and property management challenges, as well as emerging best practices relating to unit designation, the timing of monitoring reviews, over-income tenants, noncompliance correction, and multiple subsidy developments.

Finance and Investment

Capitalizing on State Tax Credits

As multifamily gap financing continues to be scarce, developers are increasingly utilizing state tax credits to make Housing Credit deals financial feasible. We explore the mechanics of various state tax credit programs and how state credits impact development characteristics, financial structuring, and equity pricing considerations.

Tax and Housing Policy

Housing Credit Legislative Update

Housing policy advocates share their perspectives on the outlook for the Affordable Housing Credit Improvement Act and the prospects for tax-exempt bond legislation, HUD and USDA funding, housing finance reform, and other affordable housing priorities. Hear how the upcoming presidential and congressional elections may impact current and future affordable housing policy.

Networking Break in the Marketplace
CONCURRENT SESSIONS

Development and Construction

Housing Credit Development Forum

State agency leaders and development practitioners convene in a dynamic open forum to discuss current challenges, new opportunities, and emerging trends in Housing Credit development.

Compliance and Management

Understanding Reasonable Accommodation

Understand fair housing rules related to reasonable accommodation requests for tenants with physical or mental disabilities. Learn about the new HUD requirements on assistance animal requests. Understand Violence Against Women Act (VAWA) rules relating to reasonable accommodation requests and emergency transfers.

Finance and Investment

Preservation Strategies: Year 15, Year 30, and Beyond

During this program, discuss the latest preservation financing strategies for a range of at-risk properties. We look at common challenges with acquisition and resyndication of Year 15 properties, other recapitalization tools, preservation due diligence, valuation of general and limited partner interests in portfolio transactions, and options to preserve affordability in the wave of properties reaching Year 30.

Tax and Housing Policy

Understanding CRA Regulatory Reform

What impact will the proposed reform of Community Reinvestment Act regulations have on Housing Credit investor demand and equity pricing? Learn more about the major provisions of the proposed rule, industry reactions, alternate approaches to reform, and the likely timeline for implementation.

Networking Break in the Marketplace
CONCURRENT SESSIONS

Development and Construction

Modular Construction Innovations

Prefabricated and modular construction components are being used successfully in affordable housing development. The benefits of off-site construction technology include a streamlined design process, lower costs, improved efficiency, and reduced waste. In this session, learn more about modular construction innovations and strategies for working through local zoning and permitting issues.

Compliance and Management

Compliance and Management Forum

State agency leaders and compliance and management professionals convene in a dynamic open forum to discuss current challenges and emerging trends in Housing Credit compliance and property management.

Finance and Investment

The Evolution of RAD

As HUD’s Rental Assistance Demonstration (RAD) matures and expands to more property types, we discuss the impact of a dramatic repositioning of the nation’s public housing stock. Explore deal structuring and underwriting strategies for RAD developments using Housing Credits, tax-exempt bonds, and HUD financing, as well as the challenges of layering multiple program requirements on transactions.

Tax and Housing Policy

Ask the Legal and Accounting Experts

Veteran tax advisors answer your legal and accounting questions and offer their perspectives on the Housing Credit development and policy issues raised throughout the conference.

Networking Reception in the Marketplace

Friday Jun 5

Sessions open to all registrants

Registration & Information
Closing Plenary Breakfast: Housing Credit Opportunities

Seated Breakfast served 8:30 a.m. – 9:30 a.m.

Housing Credit experts forecast the program’s future by examining current development and compliance challenges and potential opportunities. Join us for this robust discussion of affordable rental housing demand, innovations in affordable construction, new financing tools to leverage existing affordable housing resources, and strategies to mitigate the loss of a significant portion of the portfolio reaching the end of the extended use period.