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    Agenda

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    Tuesday, June 24
    Sessions open to state allocating agencies only

    7:30 a.m. – 6:00 p.m.
    Registration & Information

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

    9:00 a.m. – 9:45 a.m.
    The Washington Report
    Find out how congressional tax proposals would affect the Housing Credit and Housing Bonds and the likelihood of their enactment. Explore housing finance reform, the federal program funding outlook, and Treasury and HUD regulations with NCSHA’s legislative and policy team.

    Speaker:

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

    10:00 a.m. – 11:30 a.m.
    IRS Chief Counsel Briefing
    Senior representatives from IRS’ Office of Chief Counsel brief allocating agency representatives on forthcoming Housing Credit guidance and respond to program administration questions.

    Speakers:

    .
    11:30 a.m. – 11:45 a.m.
    Networking Break

    11:45 a.m. - 12:30 p.m.
    HUD Tenant Data Collection Initiative

    Discussion Leader:

    Speaker:

    .
    12:30 p.m. - 1:30 p.m.
    Lunch

    1:30 p.m. – 3:45 p.m.
                        — CONCURRENT  SESSIONS —

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

    Discussion Leaders:

    Development Community Meet-Up

    Allocating agency representatives exchange experiences and discuss Housing Credit development and program administration.

    Discussion Leaders:

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

    4:00 p.m. – 5:30 p.m.
                           — CONCURRENT  SESSIONS —

    Straight Talk with Housing Credit Investors — Joint Session with Affordable Housing Investors Council (AHIC) 
    Allocating agency officials meet with Housing Credit investors to discuss the 2014 equity market, the dynamics of Credit pricing, state allocation plans, underwriting criteria, cost containment strategies, portfolio performance, tax-exempt bond deals, and opportunities for further collaboration.

    Discussion Leaders:

    .
    Physical Inspection Pilot Roundtable
    State agency compliance representatives convene with Treasury, HUD, and USDA officials to discuss what’s happening with the 2014 physical inspection pilot.

    Discussion Leader:

    Speakers:

    .
    5:30 p.m. – 6:30 p.m.
    Allocators’ Happy Hour - Joint with Affordable Housing Investors Council (AHIC)

    Wednesday, June 25

    Morning sessions open to state allocating agencies only

    7:30 a.m. – 5:00 p.m.
    Registration & Information
    Grand Registration North and South, Gold Level, East Tower

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

    8:30 a.m. – 9:45 a.m.
    Supportive Housing Focus Group Meeting
    Open to HFA executive directors and their designated staff members only
    Continental breakfast available at 8:00 a.m.

    9:00 a.m. – 10:15 a.m.
                           — CONCURRENT  SESSIONS —

    Dialogue with Housing Credit Developers
    Housing Credit developers join allocating agency representatives to discuss the increasingly competitive development environment, QAP trends, development cost management, preservation strategies, and emerging issues in Housing Credit development.

    Discussion Leader:

    Speakers:

    .
    IRS Compliance Forum
    Senior IRS compliance officials meet with state agency representatives to discuss Housing Credit monitoring practices, reporting requirements, and changes to IRS compliance requirements.

    Speakers:

    .
    10:00 a.m. – 12:00 p.m.
    NCSHA Board of Directors Meeting
    Open to HFA executive directors only
    Continental breakfast available at 9:30 a.m.

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

    10:30 a.m. – 12:00 p.m.
                           — CONCURRENT  SESSIONS —

    Ask the Legal and Accounting Experts

    Nationally renowned tax advisors explore the latest legal and accounting questions and financial structuring complexities facing the Housing Credit industry.

    Speakers:

    .
    Compliance Forum with Syndicators and Investors
    Housing Credit syndicators and investors join state agency officials to explore trends in project performance plus best practices and new challenges in Housing Credit monitoring, compliance, and asset management.

    Discussion Leader:

    Speakers:

    .
    12:00 p.m. – 1:30 p.m.
    Lunch

    12:15 p.m. – 1:30 p.m.
    Sustainable Development Focus Group Meeting
    Open to HFA executive directors and their designated staff members only
    Lunch available at 12:00 p.m.
      


    AGENDA - SESSIONS OPEN TO ALL ATTENDEES

    Wednesday, June 25
    1:00 p.m. – 5:30 p.m.
    Marketplace and Wifi Lounge Grand Opening!

    Wi-Fi Lounge Sponsored by
    National Association of Home Builders

    1:00 p.m. – 3:30 p.m.
    Latte Station in the Marketplace
    Sponsored by
    Michel Associates LTD

    OPENING PLENARY
    1:30 p.m. - 5:00 p.m.

    1:30 p.m. – 2:15 p.m.
    Welcome and Opening Remarks 
    Speakers:

    2:15 p.m. - 3:00 p.m.
    Keynote Address
    Eric Belsky, Managing Director of the Joint Center for Housing Studies at Harvard University, explores affordable housing needs, housing market trends, policy considerations, and the critical role of the Housing Credit.
    Speaker:

    .
    3:00 p.m. – 3:30 p.m.
    Power Break in the Marketplace
    Sponsorship opportunity available 

    3:30 p.m. – 5:00 p.m.
    Industry Roundtable: Housing Credit Program Outlook
    A panel of Housing Credit industry leaders explores program hot topics, including the outlook for tax reform and potential legislative changes, equity market and investment trends, strategies for cost effective development, preservation of the Housing Credit portfolio, and new state policy initiatives.

    Discussion Leader:

    Speakers:


    5:30 p.m. – 6:30 p.m.
    Leadership Circle Reception
    By invitation only to HFA executive directors and board members, top affiliate supporters, and top conference sponsors.

    Thursday, June 26

    7:30 a.m. – 5:30 p.m.
    Registration & Information
    Grand Registration North and South, Gold Level, East Tower

    8:00 a.m. – 7:00 p.m.
    Marketplace and WiFi Lounge

    Wi-Fi Lounge Sponsored by
    National Association of Home Builders

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

    8:30 a.m. – 10:30 a.m.
    Executive Directors Forum
    Open to HFA executive directors only
    Breakfast available at 8:00 a.m.

    9:00 a.m. – 10:15 a.m.
                           — CONCURRENT  SESSIONS —

    DEVELOPMENT
    RAD Report
    Study the impact of HUD’s Rental Assistance Demonstration (RAD) program on Housing Credit demand, state QAP priorities, and preservation strategies. Understand HUD requirements for RAD deals and discuss innovative deal structures involving 9 and 4 percent Credits, tax-exempt bonds, and HUD financing.

    Discussion Leader:

    Speakers:

    .
    COMPLIANCE
    Compliance Hot Topics
    Federal officials and industry compliance experts discuss recent revision of the IRS Audit Technique Guide, potential changes to Housing Credit compliance requirements, physical inspection alignment initiatives, and utility allowance practices. 

    Discussion Leader:

    Speakers:

    .
    SPECIAL FOCUS
    Rural Development Opportunities
    Explore new initiatives in rural housing preservation and development, including Native American housing. Discuss the USDA funding outlook and state agency strategies to leverage financial resources and structure rural and Native American developments to maximize interest among Housing Credit investors.

    Discussion Leader:

    Speakers:

    .
    HOUSING CREDIT 101
    Housing Credit Program Basics
    Veteran industry trainers discuss the role of state allocating agencies, IRS, and private sector participants in the Housing Credit program, plus basic program requirements, including qualified allocation plans, federal preferences and criteria, income and rent restrictions, and the compliance rules.

    Trainers:

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

    10:30 a.m. – 11:45 a.m.
                          — CONCURRENT  SESSIONS —

    DEVELOPMENT
    Tax-Exempt Bond Transactions in Focus
    Untangle the technical issues that arise in Housing Credit developments financed with tax-exempt bonds. Get the latest news from the municipal bond market. Explore investor perspectives on 4 percent Credits. Understand the 95 percent good cost test and the 50 percent bond financing rule, plus technical issues relating to arbitrage, related party debt, and use of short-term bonds.

    Discussion Leader:

    Speakers:

    .
    COMPLIANCE
    HOME Sweet HOME: Implications of the HOME Rule
    The 2013 HOME regulation presents new compliance challenges in Housing Credit developments financed with HOME funds. Discuss application of the new rules and reconciliation of different HOME and Housing Credit requirements relating to physical inspections, occupancy preferences, student rules, utility allowances, and rent increases.

    Discussion Leader:

    Speakers:

    .
    SPECIAL FOCUS
    The Next Wave in Sustainable Development
    As green building achieves widespread adoption in the Housing Credit industry, experts discuss new challenges with volatile utility pricing and aging green infrastructure, plus strategies for transit-oriented development, use of renewable energy, and other sustainable development innovations.

    Discussion Leader:

    Speakers:

    .
    HOUSING CREDIT 101
    Eligible Basis and Credit Calculations
    Learn important program rules regarding the three types of Credit, tax-exempt bond financing, underwriting and financial feasibility, federal subsidies, applicable percentages, determining eligible basis, and calculating maximum Credit amounts.

    Trainers:

    .
    10:45 a.m. – 12:00 p.m.
    Rural Housing Focus Group Meeting
    Open to HFA executive directors and their designated staff members only

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

    1:00 p.m. – 2:15 p.m.
                          — CONCURRENT  SESSIONS —

    DEVELOPMENT
    New Accounting Treatment for Credit Investments
    Understand the implications of recent accounting rule changes from the Financial Accounting Standards Board. Experienced tax advisors and Housing Credit investors provide a comprehensive analysis of the changes and perspectives on the impact of the new rules on investor financial statements and timing of Housing Credit investments.

    Discussion Leader:

    Speakers:

    .
    COMPLIANCE
    Collaborative Asset Management
    Study current trends in Housing Credit asset management and property performance. Discuss innovative strategies to share project information and streamline communication among state agencies, developers, investors, and property managers to mitigate risks and ensure optimal property performance.

    Discussion Leader:

    Speakers:

    .
    SPECIAL FOCUS
    Advancing Fair Housing with the Credit
    Examine state Housing Credit allocation policies for furthering fair housing. Review housing discrimination litigation and discuss strategies for using the Credit in high opportunity areas, for poverty deconcentration, and to achieve racial and economic integration.

    Discussion Leader:

    Speakers:

    .
    HOUSING CREDIT 101
    The Development Process
    Delve deeper into the Housing Credit development process, including discussion of market studies, carryover allocations, the 10 percent test, substantial rehabilitation requirements, construction monitoring, important program milestones, and placed in service requirements.

    Trainers:

    .
    12:30 p.m. – 5:30 p.m.
    NCSHA’s HFA Private-Label Security Initiative Task Force Meeting
    Open to HFA executive directors and their designated staff members only
    Lunch available at 12:00 p.m.

    2:15 p.m. - 2:45 p.m.
    Break in the Marketplace
    Sponsorship opportunity availabe 

    2:45 p.m. – 4:00 p.m.
                           — CONCURRENT  SESSIONS —

    DEVELOPMENT
    Legislative Update
    Washington insiders analyze dramatic legislative proposals that would transform the Housing Credit and our federal income tax system, including converting to a qualified basis allocation system, extending the Credit period to 15 years, and eliminating the 4 percent Credit and private activity bonds. Hear about the outlook for fixing the 9 and 4 percent credit rate floor.

    Discussion Leader:

    Speakers:

    .
    COMPLIANCE
    Continued Compliance During Recapitalization
    Discuss compliance challenges in an aging Housing Credit portfolio, including specific strategies for Year 15, acquisition/rehab deals, and resyndications. Hear expert advice on recertifying existing tenants, applying new income limits, monitoring rent increases, handling tenant relocation, amending extended use agreements, and other compliance issues involved in recapitalization of older developments.

    Discussion Leader:

    Speakers:

    .
    SPECIAL FOCUS
    Supportive Housing Strategies
    The Housing Credit remains a critical tool in the development of permanent supportive housing. Examine QAP incentives for supportive housing development, strategies for providing and funding social services, financial structuring and underwriting to maximize investor interest, use of Section 811 resources, and specific issues related to supportive housing for veterans.

    Discussion Leader:

    Speakers:

    .
    HOUSING CREDIT 101
    Deal Structuring and Syndication Essentials
    Learn fundamental aspects of structuring Housing Credit deals, including review of multifamily financing options, developer fees, the syndication process, direct investment and syndicated investment structures, equity pricing considerations, and partnership agreement basics.

    Trainers:

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

    4:15 p.m. – 5:30 p.m.
                           — CONCURRENT  SESSIONS —

    DEVELOPMENT
    Equity Market Outlook
    A dynamic dialogue with Housing Credit investors and syndicators on the current state and future direction of the equity market. Hear their views on portfolio performance, the impact of Housing Credit legislative proposals and tax reform, new accounting treatment of Credit investments, Credit pricing and yield trends, and the equity forecast for the second half of 2014 and beyond.

    Discussion Leader:

    Speakers:

    .
    COMPLIANCE

    Proactive Physical Inspections
    Explore strategies for effective Housing Credit physical inspections, including tips for applying HUD’s Uniform Physical Condition Standards, identifying accessibility and fair housing violations, streamlining inspections on projects with multiple funding sources, and correcting noncompliance.

    Discussion Leader:

    Speakers:

    .
    SPECIAL FOCUS

    The Intersection of Housing and Health Care
    Explore the integration of health care access into affordable housing development. Learn how demographic shifts and changes in health care delivery and finance are impacting housing serving seniors and those in need of supportive services. Study innovative financing models of Housing Credit developments that incorporate health care access using New Markets Tax Credits and other tools.

    Discussion Leader:

    Speakers:

    .
    HOUSING CREDIT 101
    Monitoring and Program Compliance
    Understand critical aspects of Housing Credit compliance, including tenant eligibility requirements, verification of income and assets, income recertifications, the next available unit rule, compliance monitoring responsibilities, physical inspections, and the impact of noncompliance on Credit delivery.

    Trainers:

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

    Drink stations sponsored by
    EideBailly, HDS, and Novogradac & Company LLP

    Friday, June 27

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

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

    9:00 a.m. – 10:15 a.m.
                           — CONCURRENT  SESSIONS —

    DEVELOPMENT
    Preservation and Property Disposition Forum
    Discuss Housing Credit Year 15 options for preservation, resyndication, and property disposition. Consider market issues that impact Year 15 decisions, understand expectations of investors exiting partnerships, and explore the role of community development investment funds in preservation financing.

    Discussion Leader:

    Speakers:

    .
    COMPLIANCE
    Understanding Change 4 of the HUD Handbook
    The August 2013 revision of the HUD Handbook presents numerous changes that impact Housing Credit compliance practices. Get expert advice on guidance relating to foster children and adults, retirement accounts, delayed veterans benefits, HUD verification procedures, and other issues critical to Housing Credit tenant qualification.

    Discussion Leader:

    Speakers:

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

    10:30 a.m. – 12:00 p.m.
                           — CONCURRENT  SESSIONS —

    DEVELOPMENT
    Strategies for Cost Effective Development
    Explore the impact of QAP priorities, local design requirements, construction material pricing, investor demands, multiple financing sources, and other factors on Housing Credit development costs. Open the dialogue for collaborative strategies to manage development costs.

    Discussion Leader:

    Speakers:

    .
    COMPLIANCE
    Mastering Multiple Subsidy Compliance
    Compliance experts demystify complex rules in Housing Credit development with mixed subsidies. Discuss how layering program requirements of RAD, project-based Section 8, HOME, and USDA funding with Housing Credits impacts property management and compliance monitoring.

    Discussion Leader:

    Speakers:


    Housing Credit Certified Professional (HCCP) Exam
    Friday, June 27
    1:00 p.m. - 4:00 p.m.

    Separate registration required.

    See below for details. Housing Credit Certified Professional (HCCP) is a specialized designation for developers, property managers, asset managers and others working in the affordable housing industry. The exam is open to any professional in this industry. A passing score on the exam is one of several requirements to obtain the designation. An information guide that provides details on the type of exam questions along with recommendations for training prior to the exam are available at nahb.org/HCCPinfo.

    Registration is available at nahb.org/hccpexam.
    Fees: Exam – $175 Retakes – $100

    Sponsored by NAHB


    **Schedule is subject to change.**