Affordable Rental Housing Summit

Summary

Affordable Rental Housing Summit
Friday, December 8, 2017
8:00 AM - 12:00 PM Program
Golden Valley Country Club
7001 Golden Valley, Golden Valley, Minnesota 55427

7:55 AM Welcome & Introduction

8:00 AM Affordable Housing: Current State / On the Horizon
Mary Tingerthal,
Minnesota Housing Finance Agency
Andrea Brennan, Community Planning & Economic Development, City of Minneapolis
Cathy Bennett, Urban Land Institute Minnesota
Andy Hughes, CommonBond Communities
• Population Trends and how that impacts future affordable housing needs    
• Importance of housing in economic and workforce development    
• Where is the current inventory and what is our production capacity    
• Market facts
    - Vacancy rates.
    - Average rent trends.
    - Who is buying what and how does Minnesota stack up to the rest of the country
    - CAP Rates – Where are we at and where are we heading    
On the Horizon    
• Policy update     
    - Fair Housing    
    - Inclusionary mechanisms    
• Affordable Housing Incentives: What works    
• The Community Reinvestment Act
    
9:00 AM Regulated Affordable Production - Capital Market Strategies, Solutions and Trends
Michael Byrd,
WNC & Associates
Nick Andersen, Dominium
Dan Smith, US Bank
Michael Bisanz, Dougherty Mortgage
Sue Speakman-Gomez, Housing Link
• Case study - Highlight a project using 4% credits as an illustration
• Debt & Equity Underwriting Terms and Conditions
• HUD Financing Options
• Freddie Financing Options
• Fannie Financing Options
• FHLB
• Alternative & Creative Sources: EB5 & Others
• Future Trends on the Horizon

10:00 AM Break

10:15 AM  Regulated Affordable Operations
Challenges and successful strategies for owning assets that investors, communities and residents can be proud of
Moderator: Herb Tousley, University of St. Thomas
Alex Bisanz, Real Estate Equities
Lisa Wilcox-Erhardt, CommonBond Communities
Chris Sherman, Sherman & Associates
Gina Dingman, NAI Everest
• Operating Efficiencies to maximize cash flow
• Marketing for Occupancy and Stability
• Energy Improvement Funding & Savings
• Compliance & Inspections
• Fair Housing Implications in Tenant Selection
• Servicing Special Needs of Residents in Supported and Integrated Housing
    
11:00 AM Unregulated Affordable Housing – The silent majority NOAH (Naturally Occurring Affordable Housing NOAH)
The role that unregulated unsubsidized affordable housing plays in a healthy rental housing market.
Moderator: Deidre Schmidt, CommonBond Communities
Rachel Robinson, Greater Minnesota Housing Fund
Anne Mavity, Minnesota Housing Partnership
• Market Trade Analysis 
• Top Affordable Locations from Recent Studies
• New Capital Sources being created for Acquisition

12:00 PM Adjourn & Networking

Affordable Rental Housing Summit

Details

  • When

  • Friday, December 8, 2017
    8:00 AM - 12:00 PM
    Central Time

  • Where

  • Golden Valley Country Club
    7001 Golden Valley
    Golden Valley, Minnesota 55427
    USA

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