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Webinar: Creative Financing
August 27 @ 10:00 am - 11:30 am
TAAHP Members pay $59 / person
Non-Members pay $89 / person
Sorry, no refunds for registrations or sponsorships.
All payments are due at time of registration.
What We Will Cover:
This webinar is a must for those in the LIHTC and Workforce housing space. The content is catered to add value for beginners to the advanced industry professional. Real-life deal examples to better demonstrate how being creative with financing structures can have a positive impact to your project’s success. New and innovative financing structures will be discussed and explained. Be sure to join and learn from some of the industry experts on how to be creative and maximize your project’s capital stack.
Who Should Participate?
Developers, Property Owners, Consultants, Advisors, Attorneys
10:00 am – Introductions
10:05 am – Presentation
11:15 am – Q&A
11:30 am – End
Moderator & Panelists
Darren Smith, MVAH Partners - Moderator
Throughout Darren’s career, he has been successful in executing more than $1 Billion in total development cost of multi-family housing projects throughout the country. His ability to work with non-profit, government agencies, and for-profit partners has been instrumental in his success. His experience has involved projects that included but not limited to traditional bank financing, HUD, Freddie, Fannie, and loan assumptions. Other programs essential in his success include LIHTC Section 42, Workforce Housing structures, Tax-Exempt Bond Financing, HOME funds, CDBG funds, Historic Preservation, Brownfield credits, Solar Energy credits, and city & county subordinate funds.
While developing multi-family real estate for Paramount Financial Group – a subsidiary of GMACCH and Bank of America CDC, Darren has been involved in all facets of the development process including site selection, strategic planning, feasibility analysis, site contract & acquisition, entitlements & zoning changes, and negotiations with all third-party professionals.
Jeff Rodman, M&T Realty Capital Corp.
Jeff has 25 years of experience in affordable housing. He has originated and underwritten more than $4 Billion of affordable housing transactions throughout his career, including permanent loans, construction and other balance sheet loans, and LIHTC Equity. His experience includes public accounting, LIHTC Syndication, construction lending and most recently permanent lending with a focus on Fannie Mae, Freddie Mac, FHA and private placement executions.
Terri Anderson, Anderson Development
Terri Anderson is an affordable housing developer who’s career began in 1994 as a banking analyst. Her specific career focus on affordable housing began when she was hired at TDHCA as a Single-Family Business Development Officer and then worked as the Multifamily Loan Officer in the Bond Finance Division. She also worked at Fannie Mae in the Southwest Regional Office Affordable Housing Division as an Account Executive. In 1999, Ms. Anderson become a mortgage banker successfully originating Fannie Mae and FHA loans. Ms. Anderson naturally progressed into affordable housing consulting in 2003 then into development beginning in 2007. During her career, she has helped develop over 1,800 affordable housing units across the State of Texas. Ms. Anderson also serves as Board Chair for several affordable housing related non-profit organizations and is committed to expanding affordable housing opportunities for those in need, including service on TAAHP’s Board of Directors from 2011-2013 and 2017-2020. Other service to TAAHP includes regular participation in the QAP Committee, TAAHP Rally Day, and the Texas Housing Conference.
John Sabatier, Stifel, Nicolaus & Co.
John Sabatier is a Managing Director with Stifel, Nicolaus & Co. (“Stifel”) in its Public Finance Housing Group. Mr. Sabatier’s primary focus is Multifamily Affordable Housing Municipal Bond Underwriting, specializing in multifamily municipal debt structuring with 4% Low Income Housing Tax Credits. Mr. Sabatier is a registered securities representative (S.7 & S.63) with over 22 years of combined experience developing, operating, and financing multifamily affordable housing communities throughout the country.
Kent Neumann, Tiber Hudson, LLC
Kent Neumann has been in the affordable housing and healthcare business for over 20 years. Mr. Neumann has served as underwriter’s counsel, purchaser’s counsel, bond counsel, lender’s counsel and borrower’s counsel and has also advised issuers and other clients on the legal and financial aspects of a wide range of tax-exempt and taxable financings around the country. These include publicly offered and privately placed financings using credit enhancement provided by FHA, Ginnie Mae (GNMA), Fannie Mae, Freddie Mac, the Federal Home Loan Bank, municipal bond insurance, bank letters of credit, insurance company guaranties, as well as unrated and/or uncredit-enhanced bond deals. Many of these transactions have involved multiple-tier financings utilizing senior/subordinated and other complex structures designed to achieve optimal efficiency and savings. These include “50% test” and cash-collateralized bonds as well as loans from Rural Development and HUD / FHA under various programs including 515, 538, 202, 221, 223, 236, 242, Section 8, HOPE VI, etc.
Mr. Neumann has been one of the most innovative attorneys in his field creating and developing many of the financial structures used today in both housing and healthcare industries. Many of these structures have created millions of dollars in savings while simultaneously providing efficiency in the execution. In addition, Mr. Neumann has a unique level of experience in and knowledge of cashflow modeling, rating agency requirements, credit enhancement programs, financial structures used today and other critical variables affecting bond financings.
Mr. Neumann graduated magna cum laude from the University of California, San Diego, where he received a B.A. degree in Psychology in 1995. He graduated magna cum laude from Tulane Law School in May of 1998 and is a member of both the California and the District of Columbia Bars. He is also a member of the American Bar Association and the National Association of Bond Lawyers.