Thank You to Our Co-Hosts and Sponsors

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2 Thank You to Our Co-Hosts and Sponsors CO-HOST STRATEGIC PARTNERS SPONSORS Attorneys at Law 1

3 THURSDAY, APRIL A.M. Registration and fast 9-9:15 A.M. Welcome Address Rich Larsen, Novogradac and Company LLP Rebecca Arthur, Novogradac and Company LLP 9:15-11 A.M. RAD Basics Brush up on the basics of the RAD program, including its history, the current status of the industry, benefits, how to apply, sample transactions and expert insight on the decision of whether to convert to project-based vouchers or project-based rental assistance. Learn more about feasibility assessments and how to interpret them for your transaction. Our panel makes sure you re up to date on all things RAD. Rich Larsen, Novogradac & Company LLP Matthew Rooney, MDG Design + Construction Holly Knight, BGC Advantage Jessie Cassella, National Housing Law Project 11-11:15 A.M. 11:15-11:35 A.M. Keynote Address Our distinguished guest provides insight on the state of the RAD program, what s coming in 2018 and how to prepare for the future. You won t want to miss this session. Thomas R. Davis, Office of Recapitalization, U.S. Department of Housing and Urban Development 2

4 THURSDAY, APRIL 26 11:35 A.M.-12:30 P.M. The HUD/Washington Report Tax reform is in the rear-view mirror, which means we can look at what H.R. 1 meant for HUD and the RAD program. Learn what else may be coming under Ben Carson and how smart PHAs can prepare for the next steps. Hear the latest from insiders. Peter Lawrence, Novogradac & Company LLP Orlando Cabrera, Arnall Golden Gregory Priya Jayachandran, National Housing Trust Patrick Costigan, RAD Collaborative/CF Housing Group 12:30-1:30 P.M. Luncheon 1:45-2:45 P.M. Debt and Equity for RAD Transactions A RAD transaction becomes a low-income housing tax credit (LIHTC) transaction, which means debt and equity are important. Our panel will help you understand transaction costs associated with tax-exempt bonds and 4 percent LIHTCs and will discuss the state of the market, the best sources of equity and how to maximize the investment for your property, as well as where the market is headed in a year with declining corporate tax rates. Rich Larsen, Novogradac & Company LLP Ari Beliak, Bank of America Darren Swanson, RedStone Equity Partners Natalie DeFilippo, Ingerman Joshua Reiss, Hunt Mortgage Group Matt Bissonette, Citi Community Capital 2:45-3 P.M. 3

5 THURSDAY, APRIL 26 BREAKOUT 1: Basics Track 3-3:50 P.M. Reviewing and Selecting PHA Properties and Partners for RAD Conversion Our panel discusses best practices to prepare for a possible RAD conversion, including reviewing your PHA properties, incorporating a physical needs assessment and forecasting cash flows. Hear about creative ways to use RAD to improve your entire inventory even bad properties, learn best practices for negotiating with development partners and how that partnerships affect the expectations of residents and local leaders. Nick Hoehn, Novogradac & Company LLP Satish Bhaskar, Housing Authority of the City of El Paso, Texas 3:50-4 P.M. 4-5 P.M. Maximizing the Value of Your PHA Property Maximizing the value of your PHA Property is imperative in the RAD Program. Our experts discuss the best ways to evaluate your cash flow analysis for debt structuring and LIHTC transactions and a discussion of rates. Find out how to leverage the value of PHA land in transactions, including best ways to maximize LIHTC acquisition appraisals. Rebecca Arthur, Novogradac and Company LLP Steven Clark, SE Clark Inc. Timothy Henkel, Pennrose Properties Catalina Vielma, National Equity Fund William Teschke, HUNT CAPITAL PARTNERS LLC Julie McGovern, Reno & Cavanaugh PLLC 4

6 THURSDAY, APRIL 26 BREAKOUT 2: ADVANCED TRACK 3-3:50 P.M. RAD Current Practice Issues RAD practitioners discuss the latest practices, issues and best means for addressing them. Get better understanding of such things as how to shift from public housing regulations and standards to Section 8 and LIHTC requirements, how to leverage the value of PHA land in the transactions and how to use RAD transfer-of-assistance opportunities to move underperforming properties to better locations. Mark Shelburne, Novogradac & Company LLP Michael Syme, Fox Rothschild LLP Ronald Wilson, Enterprise Homes, Inc. Amy McClain, Ballard Spahr, LLP Rob Hazelton, Dominion Due Diligence Group 3:50-4 P.M. 4-5 P.M. Transitioning to the Section 8/LIHTC Platform While RAD provides needed capital for improvements in public housing properties, it also requires a transition to the Section 8 or LIHTC platform. That means changes in accounting, compliance, reporting and asset management for PHAs. Hear what you need to know to make this substantial change and minimize difficulties for both residents and the PHA. Patrick Costigan, RAD Collaborative/CF Housing Group Sheila Jones, Selenium Properties Andrew Davenport, The Michaels Organization Victor Cirilo, Newark Housing and Redevelopment Authority Gerry Cichon, Housing Authority of the City of El Paso, Texas 5-6:30 P.M. Reception 5

7 FRIDAY, APRIL A.M. Registration and fast 9-10 A.M. Financing your RAD Development In RAD deals, like any transaction, details are important. Our expert panel discusses the best balance of conventional debt and tax credits, the land lease, using gap financing, sources of soft debt and even how you can use soft debt to take back the property after Year 15. Find out more about multiphase strategies and how they can extend your timeline, as well as information about acquiring existing or expiring LIHTC properties under RAD. Charlie Rhuda, Novogradac & Company LLP Cody Wilson, Stifel Bakari Lee, McManimon, Scotland & Baumann, LLC Barry J. Palmer, Coats Rose Richelle Patton, Tapestry Development Group 10-10:15 A.M. 10:15-11:15 A.M. Combining Historic Tax Credits and RAD With so many public housing agency properties also qualifying for the federal historic tax credit, more PHAs are twinning HTCs and LIHTCs through the RAD program to finance their developments. Hear the latest from those who have successfully paired the tax credits. Tom Boccia, Novogradac & Company LLP Cindy Hamilton, Heritage Consulting Group Andre Blakley, Gorman and Company 11:15-11:25 A.M. Conference Closing 6

8 EARLY BIRD CONFERENCE REGISTRATION AND HOTEL RATES END APRIL 4. Conference Rates EARLY BIRD BEFORE APRIL 4 STANDARD AFTER APRIL 4 ON-SITE CORPORATE $675 $775 $800 NONPROFIT $575 $675 $700 ONLINE REGISTRATION REGISTER NOW ACCREDITATION Novogradac & Company LLP 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, Nashville, TN Website: Hotel Reservation A limited block of rooms will be held until April 4, After April 4, 2018, they will be accepted on a spaceavailable basis only and cannot be guaranteed at the discounted rate. LOEWS PHILADELPHIA HOTEL $209 PER NIGHT, PLUS TAX BOOK YOUR HOTEL RESERVATION SPECIAL ASSISTANCE Our conference facilities are in compliance with the Americans with Disabilities Act (ADA). Please contact Leslie Auerbach at or leslie.auerbach@novoco.com if you require assistance. 7

9 Sponsorship and Exhibits Engage, inform & influence customers and prospects with Novogradac & Company LLP s conference sponsorships. Novogradac & Company LLP s conferences offer a powerful method of engagement and immediate return on investment, whether your marketing goal is brand or product awareness, thought leadership, qualified lead generation, sales acceleration or retention. Contact Carol Hough at carol.hough@novoco.com or