September 20, 8:00am – 6:00pm
San Francisco Marriott Marquis
“A PRIMER FOR EDUCATOR HOUSING: BEST PRACTICES AND LESSONS LEARNED”
Session 2 (1:45 – 3:45pm)
Panel: Dave Kroot, Goldfarb & Lipman LLP, Ali Gaylord, MidPen Housing; Faith Kirkpatrick, San Francisco Mayor’s Office of Housing and Community Development
Educator Housing has become a hot topic with teachers as the prime example of the missing middle income and as part of the discussion about teacher retention problems made extreme by lack of affordable housing. School districts also have land that could be developed. Balancing the needs of school districts, public policy and funding requirements to create a successful housing development is fraught. Adding Low Income Housing Tax Credits and Tax Exempt Bonds to the mix has particular challenges. Bringing together the perspectives of local government, the nonprofit developer, and an experienced attorney, this panel will have a lively discussion about the obstacles, challenges, and progress to date on creating educator housing. The panelists will address fair housing issues and who is served by educator housing.
“DON’T GO OFF THE RAILS! MONITORING PROJECTS TO STAY ON TRACK”
Session 2 (1:45 – 3:15pm)
Nob Hill A-B
Panel: Amy DeVaudruil, Goldfarb & Lipman LLP; Kyle Attenhofer, MidPen Housing; Sean Barnes, Enterprise
So your Low-Income Housing Tax Credit (LIHTC) project was Placed in Service, now what? Don’t be caught off guard! This panel of asset manager, attorney, and investor will present case studies focusing on projects that maneuvered through difficult fiscal scenarios working backwards to unravel what was done to prepare, what could have been done, and how a resolution was brokered. This panel will take a deep dive into the technical side of LIHTC to give the audience analytical benchmarks from inception through Y15, how the capital account can be impacted, and development of early warning systems to ensure no project becomes an unexpected liability and maintain financial sustainability. Participants will also learn who should be involved in monitoring and decision making at each stage of a project’s lifecycle and how each plays a part in avoiding fiscal calamity.
“WHAT’S OLD IS NEW: RESTRUCTURING YOUR HCD PORTFOLIO LOANS”
Session 3 (3:30 – 5:00pm)
Panel: Erica Williams Orcharton, Goldfarb & Lipman LLP; “Emeline “Mimi” Alvarez, California Department of Housing and Community Development; Kevin Leichner, Eden Housing
The Portfolio Restructuring statute authorizes the California Department of Housing and Community Development (HCD) to interpret and implement through guidelines the process for restructuring existing HCD portfolio loans. The Loan Portfolio Restructuring (LPR) Guidelines were originally adopted in 2014, and HCD has recently updated the guidelines for technical corrections and is in the process of incorporating the new AB2562 legislation. Panelists will discuss what works, problems to sidestep, obstacles to prepare for, and the application and transaction process with the goal of creating collaboration among HCD, attorneys, and stakeholders for a smooth closing.