All times Eastern. Schedule subject to change.
Monday Jun 21
Sessions open to registered NCSHA HFA and associate members only.
Plenary Session: Washington Update
NCSHA’s policy team and federal agency officials brief allocating agency representatives on the Housing Credit legislative and regulatory landscape. Hear the latest on congressional initiatives impacting the Credit, emergency rental assistance, IRS program guidance and compliance activity, HUD regulatory issues, and other program developments.
Housing Credit Development Community Meet-Up
Allocating agency development officials share program administration experiences and explore emerging issues in Housing Credit allocation, underwriting, and development.
Housing Credit Compliance Community Meet-Up
Allocating agency compliance officials share program monitoring experiences and explore emerging issues in Housing Credit compliance and management.
Plenary Session: Ask the Legal and Accounting Experts
Veteran tax advisors take questions from allocating agency representatives and offer perspectives on hot topics in Housing Credit development, finance, and compliance.
Tuesday Jun 22
Sessions open to all registrants.
Opening Plenary: A Blueprint for Furthering Racial Equity with the Housing Credit
Join us as we explore allocating agency and industry initiatives designed to promote equality in affordable housing development, finance, and property operations. Discuss how policies on Housing Credit site selection, developer experience, and resident screening are being reexamined under an equity lens and how investment criteria and tenant empowerment strategies provide further opportunities to advance equality in the program. Learn new strategies to promote the Housing Credit as a vehicle to create opportunity and a more equitable society.
2021 Housing Credit Legislative Outlook
With Democratic control of both chambers of Congress and the White House, 2021 presents what may be the best opportunity in a decade to expand and strengthen the Housing Credit. DC insiders discuss how the Housing Credit could be impacted by transformative infrastructure legislation Congress is now considering and the prospects for a major cap increase, lowering the bond finance threshold to 25 percent, and other program improvements.
As the industry prepares for the return of traditional monitoring requirements, learn about new protocols to ensure the safety of residents and compliance inspectors. Explore strategies for managing the backlog of physical inspections, capitalizing on tenant file review efficiencies, and minimizing the impact of deferred maintenance and noncompliance on properties.
Strategies for Managing Construction Cost and Risk
In this session, we discuss the current construction material shortages and the impact on Housing Credit development budgets and project feasibility. Explore trends in construction cost escalation, the outlook for volatile lumber pricing, and the impact of material shortages on project timelines. Hear about allocating agency and industry strategies to encourage responsible cost containment.
Expanding Opportunities Through New Homelessness Funding
New policy initiatives are underway to develop permanent supportive housing for vulnerable populations with the Credit. Learn about hotel conversion strategies and other new opportunities to develop housing for people experiencing homelessness using the $5 billion HOME for Homelessness Assistance in the American Rescue Plan Act, as well as other financing tools.
Implementation of the 4 Percent Floor in Tax-Exempt Bond Deals
With enactment of the 4 percent minimum rate, more tax-exempt bond-financed properties are financially feasible than ever before. Discuss how the minimum rate is increasing bond cap demand, altering the type of properties receiving allocations, and changing the typical capital stack. Learn how states are prioritizing projects to maximize bond resources and how the industry is structuring 4 percent deals as we await regulatory clarity on the 4 percent rate.
Tenant Qualification Seminar
In this session, discuss essential aspects of Housing Credit tenant qualification, including income verification and documentation rules, tenant selection and affirmative fair housing marketing plans, general public use and Section 8 nondiscrimination provisions, application of student rules, tenant income certification practices, and Violence Against Women Act (VAWA) requirements.
Wednesday Jun 23
Sessions open to all registrants.
Challenges in Average Income Test Implementation
Hear about development and compliance experiences in Average Income Test (AIT) properties and the outlook for the new minimum set-aside. We discuss the practical impacts of deal structuring and unit designation policies on project lease-up and compliance requirements, as well as industry reactions to proposed IRS rules, the likelihood and timing of potential regulatory changes, and developer and investor perspectives on the feasibility of future AIT deals.
Effective Capital Needs Assessments
Learn how to determine rehabilitation needs accurately with a capital needs assessment that analyzes the site’s existing condition, utilities, structural elements, roofing, mechanical systems, plumbing, and interior finishes. Explore necessary improvements to energy efficiency and physical accessibility in the context of establishing a plan for cost-effective rehabilitation.
QAP Policy Forum
State Credit agencies are evaluating qualified allocation plan (QAP) priorities in response to demographic shifts, development cost increases, preservation challenges, tax-exempt bond demand, potential climate impact, rural housing needs, and policy initiatives related to the pandemic and social justice and environmental advocacy. Discuss trends in QAP policies and the impact of potential legislative changes to plan requirements.
The Impact of New Partnership Audit Rules
New accounting rules for amending federal partnership tax returns are causing major changes in the Housing Credit industry. Learn the details of the new tax rules and the significant implications of delayed IRS Form 8609 issuance on the investors’ ability to claim Housing Credits.
Understanding Reasonable Accommodation
In this session, we discuss the fair housing rules related to reasonable accommodation requests, including requests for assistance animals. Learn how reasonable accommodation and emergency transfer rules under the Violence Against Women Act (VAWA) impact management and compliance in Housing Credit properties.
Capitalizing on State Tax Credits
As multifamily gap financing continues to be scarce, developers increasingly are utilizing state tax credits to enhance the financial feasibility of Housing Credit deals. In this session, we explore the structure and mechanics of various state tax credit programs, strategies to maximize the value of credits, and the impact of these credits on financial structuring and equity pricing.
Modernizing Compliance Monitoring
The pandemic required the Housing Credit industry to embrace new technologies and virtual alternatives to standard compliance practices. Discuss the technological advances in tenant qualification procedures, use of electronic signatures, and virtual physical inspections, and learn to what extent these new compliance practices may be here to stay.
Partnerships to Advance Healthier Affordable Housing
HFAs and their industry partners are working with health care companies on design innovations that promote resident health outcomes in Housing Credit developments. Explore best practices and financing tools to advance healthier design, including telehealth access, improved indoor air quality, and resident services.
Emergency Rental Assistance Primer
The economic fallout from the pandemic exacerbated the rental housing crisis, prompting an unprecedented response from Washington: the creation of a $46 billion Emergency Rental Assistance program. Learn how the program works, who it serves, how states and their partners are implementing it, and how it can assist Housing Credit residents and owners.
Enhancing Public Policy with Portfolio Data
In this session, discuss opportunities to use Housing Credit development data to inform public policy, market studies, underwriting criteria, and asset management. Explore trends in income and rent limits, vacancy rates, operating expenses, and financial performance, as well as the impact of demographic shifts, multifamily delinquencies, and eviction moratoria on portfolio performance.
RAD Development and Repositioning Strategies
As HUD’s Rental Assistance Demonstration (RAD) expands to additional property types, we discuss the policy impacts of a dramatic repositioning of the nation’s public housing stock as well as deal structuring and underwriting strategies for RAD developments using Credits, tax-exempt bonds, and HUD financing and the challenges of multiple program requirements on transactions.
Networking Event: The “Big Night In” Trivia Contest
Ready for a little friendly competition? Grab your favorite cold (or hot) beverage and join colleagues and friends from the Housing Credit community for a hilarious hour of trivia. Test your knowledge of pop culture, sports, science, history, movies, music, fashion, and more in an interactive game show format. You’ll need an Apple or Android device — and maybe a lifeline or two — to respond to a mix of multiple-choice, true/false, and fill-in-the-blank trivia questions. The winners will enjoy cash prizes and significant bragging rights!
Thursday Jun 24
Housing Credit Equity Market Outlook
Housing Credit investors and syndicators provide an update on 2021 equity market activity. Hear perspectives on Credit pricing trends, the increased volume of tax-exempt bond deals, Average Income Test developments, new partnership audit rules, potential changes to the corporate tax rate and investor base, syndicator consolidation activity, investment in rural developments, and asset management.
Multiple Subsidy Compliance Challenges
Compliance and management experts reconcile different compliance requirements in Housing Credit developments with multiple subsidies. Explore the impact of various subsidies on tenant income calculations, rent limits and rent increases, utility allowances, student eligibility, treatment of over-income tenants, and approaches to noncompliance correction.
Housing Credit Preservation Forum
Discuss significant challenges to preservation of the Housing Credit portfolio, including year 15 threats such as qualified contracts, legal challenges to rights of first refusal, and modification of extended use agreements, as well as the expiration of affordability restrictions at year 30. We explore new policy initiatives and preservation financing options for the universe of at-risk properties.
Section 8 Seminar: The Basics of PBV, PBRA, HCV, and RAD
Learn how Section 8 rental assistance programs, including project-based vouchers (PBV), project-based rental assistance (PBRA), and Housing Choice Vouchers (HCV), impact Housing Credit development and compliance requirements. Discuss Section 8 rules for income and rents and specific issues related to Rental Assistance Demonstration (RAD) deals.
Closing Plenary: The Intersection of Affordable Housing and Climate Change
Keynote speaker Donnel Baird, founder and CEO of BlocPower, shares the vision behind his climate technology startup and its innovative work to make American cities greener, smarter, and healthier through energy retrofits of buildings in disadvantaged communities.
Following Baird’s address, Housing Credit industry leaders discuss how affordable housing fits into the national climate change agenda. The experts explore new strategies for sustainable development, green financing, and underwriting that promote climate stability and resident health outcomes; the threats posed by climate change to existing affordable housing developments; and new opportunities for disaster planning and resiliency.