NCSHA s 2010 HFA Institute

Transcription

1 NCSHA s 2010 HFA Institute JW Marriott Hotel, Washington, DC Open to HFAs, Affiliates, and the Public! Housing Credit HOME January January MRBs and Federal Mortgage Insurance January Section 8 Performance-Based Contract Administration January 13 15

2 State HFAs are at the center of economic stimulus efforts related to housing. Find out what s ahead for HFA programs in HOUSING CREDIT GET IT ALL AT NCSHA S Sunday, January 10 11:00 a.m. 5:00 p.m. Registration & Information 1:00 p.m. 1:45 p.m. (Open to Housing Credit Allocating Agencies Only) Washington Wire Join NCSHA to assess the 2010 policy landscape, including the status of legislative proposals to extend the Housing Credit Exchange Program and NCSHA s other legislative and regulatory priorities, the latest Treasury and HUD guidance, federal agency appropriations, and other hot topics. 2:00 p.m. 5:00 p.m. Concurrent Community Meet-Ups (Open to Housing Credit Allocating Agencies Only) Development Community Meet-Up Allocating agency staff react, share concerns, and brainstorm best approaches to current Housing Credit development issues, including the latest federal guidance, 2010 QAP and allocation trends, positioning deals for equity investment, and maximizing TCAP and Exchange Program funds. Compliance Community Meet-Up Take an in-depth look at monitoring issues, including the latest federal program guidance, new state monitoring policies, 8823 Guide changes, income limits, and new monitoring challenges under TCAP and the Exchange Program. Monday, January 11 7:30 a.m. 8:40 a.m. Continental Breakfast 8:45 a.m. 10:15 a.m. (Open to Housing Credit Allocating Agencies Only) IRS Chief Counsel and Examination Briefing In this perennial session, senior IRS representatives meet with allocating agency staff to discuss current Housing Credit issues. Hear what IRS has to say on forthcoming program guidance, IRS form revisions, state Credit ceiling issues, the recently updated IRS 8823 Guide, and other critical program administration matters. (Public Conference Begins; Sessions Open to all Attendees) 10:30 a.m. 11:45 a.m. Opening Plenary 2010 Housing Credit Industry Outlook As the Housing Credit approaches its 25th year, join industry thought leaders for a provocative discussion on the state of the industry, including prospects for 2010 legislative changes, the impact and future of the TCAP and Credit Exchange Programs, the forecast for Housing Credit equity investment, and new state agency policy initiatives. 11:45 a.m. 1:00 p.m. Luncheon t Join federal program regulators, state allocating agency officials, and top industry experts to explore the outlook for the Housing Credit in 2010, including prospects for legislative and regulatory changes, the future of the TCAP and Exchange Programs, revitalization of the Housing Credit equity market, new state agency program initiatives, and the future policy direction of the program. 1

3 Industry perspectives on the revitalization of the Housing Credit equity market The latest on the New Issue Bond and Temporary Credit and Liquidity Programs HUD s revised Annual Contributions Contract (ACC) and the PBCA rebidding process Expert training on HUD s Section 3 Economic Opportunity Requirements Face-to-face time with Administration officials from HUD, USDA, Treasury, and IRS 2010 HFA INSTITUTE! 1:00 p.m. 2:30 p.m. Concurrent Sessions Kickstarting Developments with TCAP Hear HUD, state, and industry perspectives on TCAP, including financial structuring, environmental reviews, prevailing wage rate compliance, asset management, and reporting. Dissecting IRS 8823 Guide and Other Exam Activity Delve deep into compliance matters covered in the newly revised IRS 8823 Guide, and discuss the latest audit initiatives and other compliance developments with a panel of IRS officials, state representatives, and industry compliance experts. 2:45 p.m. 4:00 p.m. Concurrent Sessions Spurring Development with the Credit Exchange Hear Treasury, state, and industry perspectives on the Credit Exchange Program, including deal structuring, investor considerations, program reporting, asset management, and best practices. Proactive Restructuring Strategies Discuss long-term capital and compliance issues facing an aging Housing Credit portfolio, including competition with market rate properties, capital needs assessments, and strategies to maintain affordability and continued compliance in troubled developments. 4:15 p.m. 5:30 p.m. Informing the Housing Credit Policy Debate As GAO begins work on two new Housing Credit studies and HUD gets ready to collect tenant data, the state agencies gear up for additional reporting on TCAP and the Exchange Program. Learn what increased scrutiny may mean for the future policy direction of the program. 5:30 p.m. 6:30 p.m. Credit Happy Hour Tuesday, January 12 8:30 a.m. 5:15 p.m. Registration & Information 7:30 a.m. 8:55 a.m. Continental Breakfast visit ncsha.org for information on NCSHA s 2010 Housing Credit Conference & Marketplace June Hyatt Regency Chicago 9:00 a.m. 10:30 a.m. Concurrent Sessions Revitalizing the Housing Credit Equity Market Housing Credit investment experts discuss the 2010 market for Credits, investor interest in TCAP and Exchange deals, legislative prospects to invigorate the equity market, the impact of secondary market transactions, a new Ernst & Young report on Credit investment, and other breaking issues. Current Compliance Challenges Discuss today s challenges in Housing Credit monitoring, including new income limit methodology, income recertifications in 100 percent low income deals, multiple subsidy issues, tenant transfers between buildings, and compliance and recapture challenges under TCAP and the Exchange Program. 10:45 a.m. 12:00 p.m. Concurrent Sessions Advanced Development and Tax Issues Hear the latest insight from top program attorneys, accountants, and investors into the increasingly complex world of Housing Credit development, including new financial structuring strategies, preservation, and property disposition. Focus on Asset Management Join a panel of seasoned asset management professionals to discuss the economy s impact on Housing Credit portfolio performance, investor perspectives on asset management, and new tests presented by TCAP and the Exchange Program. Housing Credit Essentials will be offered via webinar prior to the conference. Registrants of the Credit module will be notified when the training is scheduled and will receive a free registration certificate. Housing Credit Essentials is also offered during the June Housing Credit Conference and Marketplace, June in Chicago, IL. 2

4 HOME HFA Institute Tuesday, January 12 8:30 a.m. 5:15 p.m. Registration & Information 1:00 p.m. 3:30 p.m. Concurrent Sessions HOME Essentials, Part 1 Veteran trainer Monte Franke walks you through the essentials of the HOME program, including eligible activities, affordability, income eligibility, housing quality, program administration, match, compliance monitoring, and enforcement. Financial Management ICF conducts in-depth training in financial management procedures to ensure compliance with HOME rules and OMB circulars. Learn to implement these procedures when tracking grant funds and program income and how to assess the financial systems of subrecipients and state recipients. 3:45 p.m. 5:30 p.m. Concurrent Sessions HOME Essentials, Part 2 See description under Part 1. Complying with HUD s Section 3 Requirements Understand what HUD expects of HOME administrators and what monitoring enforcement actions are likely as HUD ramps up Section 3 enforcement. Get guidance on assisting and advising recipients and demonstrating compliance. 5:30 p.m. 6:30 p.m. HOME Happy Hour Wednesday, January 13 7:30 a.m. 8:55 a.m. Continental Breakfast 9:00 a.m. 10:30 a.m. Breaking News from HUD On the 20 th anniversary of the HOME program, top HUD HOME officials reflect on the program s success and future. Program results, regulations, funding outlook, and upcoming guidance are all in the queue for discussion. Hear breaking news on the National Housing Trust Fund. 10:45 a.m. 12:15 p.m. Concurrent Clinics Q&A with HUD HUD officials hold small, informal discussions on pressing HOME topics, including regulatory and policy issues, cross-cutting regulations (e.g. Section 3, URA, MBE/WBE), HUD s Integrated Disbursement Information System (IDIS), HOME and NSP, fair housing, and the new EPA rule on rehab. 12:15 p.m. 1:30 p.m. HOME Luncheon 1:30 p.m. 3:30 p.m. Concurrent Sessions Working with CHDOs Hear how the economic environment is impacting your state s Community Housing Development Organizations (CHDOs) and how to strengthen your partnerships with them. Get expert tips on the documents necessary to qualify a CHDO and insight into how to assess CHDO performance and build their capacity. HOME s Resale and Recapture Rules Learn the ins and outs of HUD s resale and recapture rules. Understand the rules related to determining the affordability period, recording resale or recapture provisions, and ensuring compliance at a subsequent sale. Ensure your written agreements match HUD requirements and reinforce the resale or recapture rules. 3:45 p.m. 5:15 p.m. Concurrent Sessions Subsidy Layering ICF expert trainers advise on requirements for layering HOME funds with different public sources of funding in both singlefamily and multifamily developments. Hear how to right-size the level of HOME investment and document compliance with the layering review process. Homeownership Tune-Up Current market conditions, the recent HOME/ADDI foreclosure study, and ongoing OIG audits of HOME homebuyer activities require fresh analysis of homeownership programs. Discuss remaining foreclosure and downside price risk and the impact of a housing recovery. Decide if and when program design, underwriting standards, counseling requirements, and other program features should be adjusted. Thursday, January 14 7:30 a.m. 8:25 a.m. Continental Breakfast 8:30 a.m. 9:45 a.m. Concurrent Sessions Using Data Reports to Manage Your HOME Program HUD officials reveal the top ten data points to look for in your HOME reports. Find out what HUD field offices look for in your reports and how to use the data to improve program management. Monitoring the Health of Your Multifamily Developments Expert trainers show you how to take the temperature of your multifamily developments. Learn to recognize red flags and respond quickly. Discuss ways to stay informed about property occupancy trends, capital needs, and financial fitness. 10:00 a.m. 11:30 a.m. Concurrent Community Meet-Ups (Open to HFAs and State HOME Administrators Only) Homeownership Community Meet-Up Hear how colleagues across the country deal with rehabilitation, counseling, down payment assistance, neighborhood stabilization, and other issues. Discuss what you ve learned in conference sessions and what it means to your HOME program. Rental Community Meet-Up Cover the range of rental development topics, including market assessments, deal structuring, and asset management. Exchange ideas on how to efficiently use HOME funds and meet increasing demand. Discuss what you ve learned in conference sessions and what it means to your HOME program.

5 MRBs AND FEDERAL MORTGAGE INSURANCE Wednesday, January 13 2:00 p.m. 3:15 p.m. Concurrent Sessions Mortgage Revenue Bond Essentials, Part 1 Dig into the details of the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs, including income and property eligibility requirements, bond issuance and structuring, compliance monitoring, and trustee and rating agency roles. Discover how states are utilizing the resources provided by the Administration s HFA initiative- the New Issue Bond and Temporary Credit and Liquidity Programs. Servicing Essentials Cover servicing basics, including loan processing, portfolio management, and handling delinquencies. Consider successful loss mitigation strategies, including short sales and deeds in lieu of foreclosure. Learn best practices and technologies for managing risk. 3:30 p.m. 5:30 p.m. Concurrent Sessions Mortgage Revenue Bond Essentials, Part 2 See description under Part 1. Legal Essentials for Homeownership Learn what you need to know about HOEPA, the SAFE Act, and RESPA. Hear how new requirements under these programs are impacting HFAs. Thursday, January 14 7:30 a.m. 8:25 a.m. Continental Breakfast 8:30 a.m. 10:15 a.m. Industry and Washington Outlook Hear from HUD officials and a leading housing economist on the future of the Federal Housing Administration (FHA), housing market trends, and how the housing crisis is likely to shape future housing policies and programs. Get NCSHA s perspective on the outlook for affordable housing in Congress and the Administration. 10:30 a.m. 12:00 p.m. IRS and Treasury Perspectives Get an update on the New Issue Bond and Temporary Credit and Liquidity programs. Hear IRS and Treasury perspectives on other regulatory and legislative initiatives affecting MRBs, including the possible extension of the Housing and Economic Recovery Act s temporary Housing Bond authority. 12:00 p.m. 1:15 p.m. MRB Luncheon 2:45 p.m. 4:00 p.m. Concurrent Sessions Bond Compliance and Enforcement Update Talk about bond compliance initiatives and enforcement efforts with IRS tax-exempt bond staff. Discuss upcoming regulations and guidance, including IRS plans to expand its bond compliance program to include state volume cap compliance. Servicing Q&A with Senior FHA Management Get your servicing questions answered in this open forum with senior FHA leaders and industry experts. Share your experiences working with FHA s loss mitigation tools, including the FHA Home Affordable Modification Program (HAMP) and HOPE for Homeowners. 4:15 p.m. 5:30 p.m. Concurrent Sessions Increasing Homeownership Opportunities and Maximizing Lending Discover what HFAs are doing to help homebuyers and increase lending, including down payment assistance and tax credit loan programs. Get the latest on the impact of the Administration s HFA initiative, the outlook for the GSEs, and an update on the private mortgage insurance industry. Loss Mitigation and Foreclosure Prevention Hear from FHA leaders and industry partners about new loan servicing practices and requirements, loss mitigation, asset management, and underwriting. Get insights on how FHA refinancing, NSP, and HOME can mitigate loss and prevent foreclosures. 5:30 p.m. 6:30 p.m. MRB and Section 8 Happy Hour Friday, January 15 8:30 a.m. 11:00 a.m. Registration & Information 7:30 a.m. 8:25 a.m. Continental Breakfast 8:30 a.m. 10:00 a.m. Bond Market Outlook Discuss the prospects for a recovery of the Housing Bond market. Share the latest progress under the Administration s HFA initiative. Consider bond financing alternatives. 10:15 a.m. 11:45 a.m. Concurrent Community Meet-Ups (Open to HFAs Only) Loan Servicing Community Meet-Up Exchange best practices and share challenges. Review take aways from earlier sessions and problem-solve with your peers. Single Family Development Community Meet-Up Share your successes and swap solutions. Take home new ideas and information about homeownership initiatives. 1:15 p.m. 2:30 p.m. Dialogue with FHA and USDA Management Discuss FHA and Rural Housing initiatives with senior program officials. Find out about the state of the FHA Insurance Fund and recent FHA Mortgage Letters. Learn what s new in the Rural Housing loan programs. 4

6 SECTION 8 PERFORMANCE-BASED CONTRACT ADMINISTRATION H 12:00 p.m. 1:15 p.m. Section 8 Luncheon 1:15 p.m. 2:45 p.m. In January 2010, HUD will rebid all Section 8 PBCA contracts through an RFP process. Make sure you are prepared to meet the March application deadline by obtaining up-to-the-minute details about HUD s revised Annual Contributions Contract (ACC) and the RFP selection process. t t Hot Topics in PBCA-Related HUD Policies Senior HUD officials share the latest information on recent policy guidance changes and developments related to the Error Tracking Log, data sharing, and utility allowance calculations. 3:00 p.m. 4:00 p.m. What s New with EIV HUD provides the latest on its EIV system. Stay up to speed on HUD s EIV 9.0 release, the new agreement between HUD and the Social Security Administration (SSA) for matching tenant data in assisted housing programs, HUD s new EIV brochure for tenants, and more. 4:15 p.m. 5:30 p.m. Contract Administration Forum An informal and frank conversation about HUD s rebidding process, the revised scope of PBCA work, covering costs, the transition process, and other contract administration issues. 5:30 p.m. 6:30 p.m. MRB and Section 8 Happy Hour Wednesday, January 13 3:00 p.m. 5:30 p.m. PBCA Program Essentials Review Performance-Based Contract Administration (PBCA) fundamentals, including performance standards, incentive fees, management and occupancy reviews, Tenant Rental Assistance Certification System (TRACS), Enterprise Income Verification (EIV), contract renewals, and processing and payment systems. Thursday, January 14 7:30 a.m. 8:25 a.m. Continental Breakfast 8:30 a.m. 10:15 a.m. HUD Update on ACC Revisions and RFP, Part 1 Senior HUD officials will discuss the revised ACC, the RFP for PBCAs, the HUD Inspector General s report, and the timeline for HUD assigning new contracts to PHAs. They will answer questions and report on other PBCA-related news, including HUD s FY 2010 appropriations. 10:30 a.m. 12:00 p.m. HUD Update on ACC Revisions and RFP, Part 2 See description under Part 1. Friday, January 15 8:30 a.m. 11:00 a.m. Registration & Information 7:00 a.m. 7:55 a.m. Continental Breakfast 8:00 a.m. 10:00 a.m. Analyzing Occupancy Handbook Changes and MORs Back by popular demand, Mary Ross of Ross Business Development will discuss recent changes in HUD s occupancy handbook and common MOR findings. 10:15 a.m. 12:00 p.m. Keeping on Track with TRACS Mary Ross will help you to stay on top of the latest changes to HUD s TRACS and the integrated Multifamily Access exchange (imax). Prepare for TRACS 202D, understand certification submission and regulatory requirements, survive fatal error messages, and much more. Sponsor the HFA Institute s Cyber Café Call or Blaire Cirlin for more information bcirlin@ncsha.org 5

7 FA Institute 2010 Registration Registration must be confirmed by check, credit card, or purchase order. Registration and payment may be completed online. Make checks payable to NCSHA. Each registrant must pay in full prior to the conference. Only those who have paid in full will be admitted to conference activities, including educational sessions and special events. Early registration fees apply only when payment is postmarked by December 14. NCSHA members may not register as guests. Hotel Accommodations Conference headquarters is the JW Marriott Hotel Pennsylvania Avenue, conveniently located at 1331 Pennsylvania Avenue, NW, Washington, DC. NCSHA has secured a block of rooms for conference attendees at the special discount rate of $222 for a single or a double. Make reservations well before the cutoff date of December 14 to ensure availability. Call the Marriott at and identify yourself as an NCSHA attendee to receive the conference discount, or visit to make online reservations. All reservations must be accompanied by a first night room deposit or guaranteed with a major credit card. Deposits are fully refundable if cancellation is made prior to 6:00 p.m. ET on the day of your arrival. GENERAL INFORMATION Cancellation Policy Cancellations must be received in writing. Confirmation of faxed cancellations may be required. No refunds will be given for cancellations received after December 23 or for registrants who fail to attend the conference. No shows will be billed the full registration fee. A $75 administrative fee will be deducted from all approved refunds. Recommended Attire Business casual attire is appropriate for all conference sessions. In January, Washington, DC s temperatures typically range from the low 40s during the day to the high 20s at night. Hotel temperatures may vary, so a sweater is recommended. Special Needs If you have special needs under the Americans with Disabilities Act, please explain those needs in the space provided on the registration form. In addition, please provide information on special dietary requirements. Attendee List Attendees who register after January 4 may not appear on the conference attendee list. Ground Transportation Depending on arrival time, travel time to the JW Marriott is about 15 minutes from Ronald Reagan Washington National Airport (DCA), 40 minutes from Dulles International Airport (IAD), and 50 minutes from Baltimore/Washington International Airport (BWI). Approximate taxi service costs are: from Reagan, $20; from Dulles, $60; and from BWI, $90. The Airport Express shuttle is available by calling and making an advance reservation. Train service to Washington from BWI is available weekdays via MARC and every day via Amtrak. The hotel is also accessible by Metro from Reagan via the Blue Line. Metro Center metro station is located two blocks from the hotel (approximately a three-minute walk). Housing Credit by 12/14 after 12/14 HFA q $455 q $515 Affiliates q $525 q $580 Nonmembers q $585 q $640 Guest* q $85 q $85 MRBs and Federal Mortgage Insurance by 12/14 after 12/14 HFA q $455 q $515 Affiliates q $525 q $580 Nonmembers q $585 q $640 Guest* q $85 q $85 Registration Form HOME Subtotal $ One $50 Discount $ by 12/14 after 12/14 HFA q $455 q $515 Affiliates q $525 q $580 Nonmembers q $585 q $640 Guest* q $85 q $85 Section 8 Performance Based Contract Administration by 12/14 after 12/14 HFA q $455 q $515 Affiliates q $525 q $580 Nonmembers q $585 q $640 Guest* q $85 q $85 * Guest fee includes the module reception only. All guests, including children of attendees, must have a spouse/guest badge to be admitted. An NCSHA member may not register as a spouse/guest. (Applies only to individual registering for two or more modules) Conference Admission Your name badge must be worn at all times. The badge is your ticket to all conference sessions, meals, and receptions. Speaker Registration Policy NCSHA requires that all speakers and discussion leaders register and pay for the conference. Attendance Policy Open to the public. Special Discount Individuals who register for two or more modules receive a single $50 discount. Name Nickname for Badge Title Organization Address City State Zip Phone Fax Name of Guest Emergency Contact Are you a speaker or discussion leader? q Yes q No Special Needs or Dietary Requirements q Yes (please explain) q No

8 NCSHA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, Tennessee Phone: Website: NCSHA s HFA Institute features a comprehensive series of sessions for both new professionals and seasoned practitioners. No advanced preparation is required for the conference; however a basic knowledge of state housing finance agencies and their programs is necessary due to the intermediate program level. You can earn approximately 14 to 16 credits per module if you attend all sessions. (The number varies based on the module(s) attended.) For more information regarding administrative policies, such as complaints or refunds, please contact NCSHA at To receive CPE certification, complete the CPE evaluation form available at the NCSHA registration desk. Continuing Legal Education Credit Those seeking CLE credit must apply directly to their state bar association. For more information, visit the NCSHA registration desk. Certificate of Completion To receive a certificate of completion attendees of the HFA Institute are required to fill out an evaluation, providing feedback to help NCSHA measure the effectiveness of the current program and shape future curricula. Evaluation surveys will be ed to all attendees following the conference. Certificates of completion will be mailed to eligible attendees after the conference. NCSHA s 2010 HFA Institute JW Marriott Hotel, Washington DC 1331 Pennsylvania Avenue, NW Washington, DC Reservations: Hotel Discount Rate: $222 (Single or Double) Hotel Cutoff Date: Monday, December 14 Only registered attendees may hold rooms at the conference hotel. Early Registration Deadline: Monday, December 14 National Council of State Housing Agencies 444 North Capitol Street, NW, Suite 438 Washington, DC 20001