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Webinar: Innovative Financing for LIHTC Development

Thank you to Our Sponsors

Norris George & Ostrow
Martin & Drought PC
Piper Sandler
Shackelford Law
Berkadia Affordable Housing
Katopody, LLC

Sponsor this Program to Promote Your Business

Show your support for TAAHP educational programming while also getting exposure for your business. Sponsorships can be purchased online by clicking below.

Limited to Eight Sponsorships – $750
Includes 2 webinar participant registrations
Logo on promotional emails with link to website
Logo on Event page at taahp.org with link to website
Logo Branding on PowerPoint Presentation Footer During Webinar
Exclusive “sponsor slide” with short company description at end of presentation
Mailing list of all attendees (does not include emails)


Must be a TAAHP member to Sponsor

Note: TAAHP is planning more educational programming. Email naomi@taahp.org with sponsorship questions.

A panel of the country’s leading experts will give a Texas bond volume update and explore new creative structures and the latest developments on private activity bonds with 4% LIHTC as well as section 501c3 financings for multifamily rental housing. What works best for you in today’s rapidly changing, rising interest rate environment? Beginners and experienced professionals can find out here! The panel will also highlight the exciting emergence of a major new tax exempt bond structure which provides 100% financing for public authority and section 501c3 owners of workforce housing. With over $ 8 billion issued in the past 2 years, this structure requires no scarce private activity bond volume allocation. The panel will include a case study of first two financings utilizing this structure which recently closed in Texas.

A recording will be made available to all registrants within a week of the live broadcast.

Webinar Details
Date: Friday, April 22, 2022
Time: 10:00am to 11:30am
Webinar using the Zoom platform

Cost to Attend
$59 for TAAHP Members
$89 for Non-Members

Registration closes at 9:00 a.m. CT on April 22nd.


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Our Speakers

Ethan Ostrow, Norris, George & Ostrow, PLLC

Ethan Ostrow, Norris, George & Ostrow, PLLC


Ethan Ostrow, a founding partner of Norris George & Ostrow PLLC, has practiced with Messrs. Norris and George since July, 2013. Mr. Ostrow has served as underwriter’s counsel, purchaser’s counsel and issuer’s counsel in connection with a range of tax-exempt and taxable affordable multifamily housing bonds and loans, including public offerings and private placements of rated as well as unrated bonds. These financings have involved loans and mortgage backed securities backed by FHA, Ginnie Mae (GNMA), Fannie Mae, Freddie Mac and other credit providers.

Mr. Ostrow worked with Mr. Norris, Fannie Mae and its counsel and other parties in developing the structure and documentation for Fannie M.TEBs tax-exempt bond product, and in serving as underwriter’s counsel on the first transaction for a project in Chicago called Fullerton Court Apartments closed in January, 2015, and in the next eight such financings closed over the ensuing two and a half years. He is also a leading underwriter’s counsel on financings which use short-term cash-backed tax-exempt bonds to provide 4% low income housing tax credits on projects using low-rate taxable FHA and other taxable loans in the current interest rate environment.

Prior to July, 2013, Mr. Ostrow served as counsel with several major Chicago based firms to a range of parties in real estate and real estate financing transactions, with particular focus on distressed situations, in which he has represented Chapter 11 debtors, secured creditors, unsecured creditor committees, equity holders, and asset purchasers, as well as parties to bankruptcy-related litigation in bankruptcy courts throughout the country. He has advised clients and investors in industries ranging from telecommunications to healthcare.

Mr. Ostrow also has significant experience in the area of asset-backed securitization, including several SEC-registered offerings under Regulation AB and Rule 144A placements of fixed and floating rate bonds secured by receivables derived from retail installment sale contracts and loans.

Mr. Ostrow graduated Phi Beta Kappa from Dartmouth College in 1996 with a B.A. in Russian and History. In 2003, he received his Masters in Slavic Languages and Literatures from Harvard University and in 2006, he received a J.D. from the Boston University School of Law. He is a member of the Illinois Bar, the Wisconsin Bar, the District of Columbia Bar, and the bars of the Northern and Central Districts of Illinois.

Tim Leonhard, Berkadia Affordable Housing

Tim Leonhard, Berkadia Affordable Housing


Tim Leonhard joined Berkadia Affordable Housing in 2020 and serves as Senior Managing Director on the Mortgage Banking team. Leonhard brings over 24 years of experience in the development and financing of affordable housing and has successfully closed more than $15 billion in affordable housing financing.

Leonhard joined Berkadia from JLL where he served as Senior Managing Director and Leader of the Affordable Housing Group. Under Leonhard’s leadership, JLL’s Affordable Housing Group was ranked #1 in the country for total affordable loan production by Fannie Mae and Freddie Mac on several occasions and was consistently ranked in the top 3 with both GSEs annually.

Prior to joining JLL, Leonhard served as Managing Director at MMA Financial, Vice President at Glaser Financial Group, Vice President at Charter Mac, and Project Manager at HRI Properties.

Thomas McElroy, Dominium

Thomas McElroy, Dominium


As Senior Vice President of Capital Markets, Thomas McElroy is responsible for developing and overseeing institutional framework for the the company’s existing debt and equity relationships, along with the creation and development of new programmatic relationships that lead to a portfolio-wide strategy for financing both the equity and debt by focusing on efficiency and innovation. McElroy is also responsible for negotiation of specific deal terms and the closing of individual financing of the projects subject to the needs of the development team leads, along with coordination of interim financings with the company’s internal Polaris Capital group, and the direction of Dominium’s investment sales effort.

Prior to joining Dominium, McElroy most recent served as a senior associate of Castlelake, a global private investment firm managing more than $19 billion in assets on behalf of institutional investors. As a member of Eastlake’s North American Assets Investment team, McElroy was responsible for identifying and executing private market investments in affordable housing and the acquisition, development and construction of single-family residential, mixed-use properties and master planned communities.

McElroy holds a Master of Business Administration in Real Estate from the University of St. Thomas, Opus College of Business and a Bachelor of Science in Finance and Real Estate fro mSt. Cloud State University.

Mahesh Aiyer, Citi Community Capital

Mahesh Aiyer, Citi Community Capital


Mahesh Aiyer joined Citi Community Capital as a Director in 2015. Prior joining CCC, Mahesh was an Executive Vice President with CommunityBank of Texas, a $3 billion local Texas bank. Prior to joining CommunityBank of Texas, Mahesh held various positions with a number larger regional and national banks in the area of community development and affordable housing.

Mahesh has originated over $2 billion of affordable housing debt in the past ten years. Mahesh received his BBA and MBA from the University of Houston. Mahesh lives in Sugar Land, Texas.

Cody Wilson, Piper Sandler & Co.

Cody Wilson, Piper Sandler & Co.


Cody Wilson is a Managing Director of Piper Sandler & Co. Public Finance Real Estate Investment Banking Group. He is based in Atlanta, GA and has over 15 years of experience in real estate investment banking.

Mr. Wilson has provided over $12 billion in acquisition, construction and permanent debt financing for a wide variety of multifamily housing, senior housing and student housing developments. His experience includes both public offerings and private placements.

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