Housing Credit
All times Eastern. Agenda subject to change.
Speakers are published as they are confirmed.
UNLESS OTHERWISE NOTED, SESSIONS ARE OPEN TO ALL ATTENDEES REGISTERED FOR THE HOUSING CREDIT MODULE.
Tuesday Jan 14
Badge Pick-Up & Registration
NCSHA members only. Nonmembers may pick up their badges on Wednesday, January 15, beginning at 7:45 am.
Zeffert's Java Joint Open
Sponsored by: 
COMMUNITY MEET-UPS
OPEN ONLY TO HFA AND HOUSING CREDIT ALLOCATING AGENCY MEMBERS REGISTERED FOR THE HOUSING CREDIT MODULE.
Housing Credit Compliance
Allocating agency compliance officials share program monitoring experiences and explore emerging issues in Housing Credit compliance and management.
DISCUSSION LEADERS
Candace Maupins, Program Compliance Administrator | Missouri Housing Development Commission
Kellen Showes, Director of Program Compliance | Ohio Housing Finance Agency
Housing Credit Development
Allocating agency development officials share program administration experiences and explore emerging issues in Housing Credit allocation, underwriting, and development.
DISCUSSION LEADERS
Felita Hamilton, Multifamily Programs Allocation Manager | Tennessee Housing Development Agency
Stephanie Flanders, Director of Tax Credit Programs | Virginia Housing
Break
Sponsored by:
Housing Credit Developer Forum
OPEN ONLY TO NCSHA MEMBERS REGISTERED FOR THE HOUSING CREDIT MODULE.
Housing Credit developers join allocating agency representatives to discuss trends in Housing Credit development and management, including challenges with construction, financing, cost containment, operating costs, property management, and compliance.
DISCUSSION LEADER
Anthony Zeto, Deputy Director | California Tax Credit Allocation Committee
SPEAKERS
Patricia Belden, Chief Real Estate Development Officer | The Community Builders, Inc.
Jen Brewerton, Vice President, Compliance | Dominium
Stacy Kaplowitz, Vice President and Managing Regional Project Partner | Lincoln Avenue Communities
Tom Tomaszewski, President | The Annex Group
Break
Housing Credit Investor and Syndicator Forum
OPEN ONLY TO NCSHA MEMBERS REGISTERED FOR THE HOUSING CREDIT MODULE.
Housing Credit investors and syndicators join allocating agency representatives to discuss the outlook for Housing Credit equity in 2025, as well as perspectives on QAP priorities, development siting, project structuring, tax-exempt bond-financed developments, energy credits, insurance and other operating costs, Average Income Test deals, asset management, and project compliance.
DISCUSSION LEADER
Kathryn Grosscup, Manager, Housing Tax Credit | Colorado Housing and Finance Authority
SPEAKERS
Kristin Han, Vice President, Compliance | WNC & Associates, Inc.
Ben Logue, Compliance Manager | Cinnaire
Vihar Sheth, Managing Director of Affordable Housing | U.S. Bancorp Impact Finance
Susan Thomas, President | Fifth Third Community Development Corporation
Wednesday Jan 15
Badge Pick-Up & Registration
Continental Breakfast
2025 Housing Credit Legislative Outlook
Washington insiders offer insights on what to expect from the new administration and Congress, including legislative action on a number of significant tax provisions expiring in 2025. Learn more about the status of the Affordable Housing Credit Improvement Act and other bills impacting the program, the outlook for federal spending and regulatory guidance, and new efforts to ensure competitiveness of the Housing Credit compared to other tax credits.
DISCUSSION LEADER
Jennifer Schwartz, Director of Tax and Housing Advocacy | National Council of State Housing Agencies
SPEAKERS
Emily Cadik, Chief Executive Officer | Affordable Housing Tax Credit Coalition
David Gasson, Executive Director | Housing Advisory Group
Mark Kudlowitz, Senior Policy Director | Local Initiatives Support Corporation
Peter Lawrence, Director of Public Policy and Government Relations | Novogradac & Company LLP
Ayrianne Parks, Senior Director, Public Policy | Enterprise Community Partners, Inc.
Sponsored by:
Break
CONCURRENT SESSIONS
Mastering Average Income Test Compliance
As we approach the third anniversary of the IRS Average Income Test (AIT) final rule, discuss effective state agency and industry practices to ensure compliance with this new minimum set-aside, including policies on designation of units, application of the next available unit rule, use of AIT in resyndication, and strategies for correction of AIT noncompliance.
DISCUSSION LEADER
Cara Pollei, Team Leader of Compliance Monitoring | Texas Department of Housing and Community Affairs
SPEAKERS
Scott Michael Dunn, CEO/Principal | Costello Compliance
Gary Kirkman, Director of Compliance Training | US Housing Consultants
Stephanie Naquin, Director of Multifamily Property Compliance | Novogradac & Company LLP
Maximizing the Impact of Tax-Exempt Bond Financing
Explore structuring strategies for developments financed with tax-exempt bonds and tactics for using bond resources effectively. Discuss opportunities to allocate bonds competitively, use recycled bonds, limit aggregate basis, and combine 9 and 4 percent Credits. Understand the impact of the proposal to lower the bond finance threshold.
DISCUSSION LEADER
Jessica Perry, Director of Development | Pennsylvania Housing Finance Agency
SPEAKERS
Nicholas Bracco, Vice President and Regional Project Partner | Lincoln Avenue Communities
Dwayne George, Executive Vice President | Bellwether Enterprise Real Estate Capital, LLC
Michael Novogradac, Managing Partner | Novogradac & Company LLP
Alex Zeltser, Partner | Tiber Hudson LLC
Networking Lunch
Seated lunch served 12:00 – 1:00 pm.
Zeffert's Java Joint Open
Sponsored by:
CONCURRENT SESSIONS
2025 Housing Credit Equity Market Outlook
Program investors and syndicators forecast 2025 equity market activity, including an assessment of how the higher 2025 state Credit ceiling, continued growth in tax-exempt bond deals, Community Reinvestment Act requirements, impact investing strategies, and increased competition from energy credits are changing investor demand and Credit pricing.
DISCUSSION LEADER
J.D. Bondurant, Managing Director of Rental Housing | Virginia Housing
SPEAKERS
Paul Cummings, Senior Vice President, Capital Markets | National Affordable Housing Trust
Philip Porter, Senior Vice President and Head of Acquisitions | Enterprise Housing Credit Investments
Jennifer Seamons, Senior Director, Community Finance | Capital One
Vihar Sheth, Managing Director of Affordable Housing | U.S. Bancorp Impact Finance
Maintaining Compliance During Resyndication
Review essential rules for maintaining compliance in Housing Credit resyndications, including requirements for qualifying existing tenants, applying income and rent limits, documenting student eligibility, handling tenant relocation, amending extended-use agreements, and applying the next available unit and unit vacancy rules.
DISCUSSION LEADER
Renee Dickinson, Multifamily Compliance Manager | Minnesota Housing
SPEAKERS
Jen Brewerton, Vice President, Compliance | Dominium
Randy McCall, Housing Compliance Trainer | US Housing Consultants
Stephanie Naquin, Director of Multifamily Property Compliance | Novogradac & Company LLP
Mary Beth Snyder, Resident Screening Industry Principal | Yardi
Break
Sponsored by:
CONCURRENT SESSIONS
Housing Credit Year 30 Preservation Strategies
As Housing Credit developments approach the expiration of affordability commitments at Year 30, discuss state agency and industry initiatives to assess the likelihood of conversion to market rate, identify capital needs and energy improvements, address amendments to extended-use agreements and other commitments, and optimize recapitalization strategies.
DISCUSSION LEADER
Marisa Button, Managing Director of Strategic Initiatives | Florida Housing Finance Corporation
SPEAKERS
Jeff Adler, Vice President | Yardi
Thomas Amdur, Senior Vice President, Policy and Impact | Lincoln Avenue Communities
Chris Herrmann, Executive Vice President, Chief Investment Officer and Fund Manager, Real Estate Equity | Enterprise Community Investment, Inc.
Maximizing Resident Outcomes and Financial Stability at Properties
Discuss HFA priorities and property management initiatives designed to balance tenant protections with project financial stability. Explore the impact of increased operating costs and rent increase limitations on project operating budgets. Assess technology advancements and other tools to maximize resident outcomes and enhance project compliance.
DISCUSSION LEADER
Erica Etterling, Rental Compliance Support Manager | Virginia Housing
SPEAKERS
Althea Arnold, Senior Vice President, Policy | Stewards of Affordable Housing for the Future
Khayree Duckett, Government Relations Manager | Dominium
Marie Peace, Senior Vice President, Chief Compliance Officer | Franklin Group
Lisa Wilcox-Erhardt, Executive Vice President and Chief Property Management Officer | The Community Builders, Inc.
Break
JOINT CONCURRENT SESSIONS | Housing Credit and Section 8 Modules
Building for the 21st Century
Explore new development and construction technologies designed in response to the significant impact on affordable housing of recent natural disasters and extreme weather events. Learn about advanced climate resiliency options to fortify against catastrophic wind and hail events, lower energy costs, withstand power outages, and mitigate risks in insurance coverage and costs.
DISCUSSION LEADER
Claudia O’Grady, Vice President, Multifamily Finance and Development | Utah Housing Corporation
SPEAKERS
Alison Duncan, Loan Officer | Housing Assistance Council
Laurie Schoeman, Climate and Housing Advisor | Biden-Harris Administration
Lauren Westmoreland, Vice President, Energy and Sustainability | Stewards of Affordable Housing for the Future
Physical Inspections Under the NSPIRE Protocol
Gain a better understanding of the National Standards for the Physical Inspection of Real Estate protocol, including the timeline for implementation, new scoring procedures, application of the standard in developments with multiple subsidies, and coordination with the U.S. Department of Housing and Urban Development’s physical inspection alignment initiative.
DISCUSSION LEADER
Susan Westbrook, Manager of Rental Assets | North Carolina Housing Finance Agency
SPEAKERS
Cliff Kornegay, Director of the National Standards for Physical Inspection of Real Estate (NSPIRE) Standards Division, Real Estate Assessment Center (REAC) | U.S. Department of Housing and Urban Development
Ryan Lafollette, Acting Deputy Assistant Secretary, Real Estate Assessment Center | U.S. Department of Housing and Urban Development
Scott Precourt, Managing Partner | US Housing Consultants
Jeffrey Promnitz, Chief Executive Officer | Zeffert & Associates, Inc.
Housing Credit Happy Hour
Expand your network as you reunite with old friends and make new ones among your peers in the affordable housing community.
Thursday Jan 16
Badge Pick-Up & Registration
Continental Breakfast
JOINT CONCURRENT SESSIONS | Housing Credit and Section 8 Module
HOTMA Implementation Strategies
Explore principal provisions of the Housing Opportunity Through Modernization Act and its impact on multifamily compliance, including significant changes in the rules for calculating tenant income and assets, the timeline for implementation, and an analysis of how the various requirements apply in Housing Credit properties with project-based rental assistance and other multiple-subsidy developments.
DISCUSSION LEADER
Jillian Toole, Senior Policy and Strategy Manager | Georgia Department of Community Affairs/Georgia Housing and Finance Authority
SPEAKERS
Wendy Fitzhugh, Vice President, HUD Programs | National Center for Housing Management
Amanda Gross, Vice President of Compliance Services | US Housing Consultants
Ronnette Jameson-Smith, Senior Trainer | Zeffert & Associates, Inc.
Scott Michael Dunn, CEO/Principal | Costello Compliance
Multifamily Finance Forum
Federal agency officials and affordable housing industry experts discuss financial structuring and underwriting strategies for various multifamily finance tools, including HUD’s Rental Assistance Demonstration program, the Federal Housing Administration/Federal Financing Bank risk-sharing initiative, the U.S. Department of Agriculture’s new authority to decouple rental assistance from direct loans, and other multifamily debt products.
DISCUSSION LEADER
Steve Johnson, Chief Operating Officer | Colorado Housing and Finance Authority
SPEAKERS
Tom Davis, Director, Office of Recapitalization | U.S. Department of Housing and Urban Development
Larry Flood, Senior Advisor, Multifamily Housing Programs | U.S. Department of Housing and Urban Development
Daniel Rogers, Director, Production and Preservation | U.S. Department of Agriculture
Break
JOINT SESSION | Housing Credit and Section 8 Modules
Multifamily Performance Trends
Discuss new industry data on multifamily property performance and how it may impact the asset management and operations of existing deals as well as the financial structuring and underwriting of future developments. Explore trends in rent growth, lease-up and occupancy rates, insurance costs, operating expenses, and other performance benchmarks.
DISCUSSION LEADER
Matt Rayburn, Deputy Executive Director and Chief Real Estate Development Officer | Indiana Housing and Community Development Authority
SPEAKERS
Jeff Adler, Vice President | Yardi
Jeffrey Connolly, Senior Vice President, Asset Management | Enterprise Housing Credit Investments
Alex Melikan, Director, Investment Management | MRI Software/TCAM
Andrea Ponsor, President and Chief Executive Officer | Stewards of Affordable Housing for the Future
