CCAH Conference ~~~ September 27-28, 2021 Sheraton Grand Hotel Sacramento

Back To The New Normal

FOR AFFORDABLE HOUSING GATHERINGS MONDAY 4:00 p.m. – 5:30 p.m. Board meeting (To be held in the Gardenia Room) 5:30 p.m. – 7:30 p.m. Non-hosted cocktail party with Hors d’ oeuvres with Treasurer Fiona Ma (To be held in Grand Nave Foyer) TUESDAY 8:00 a.m. – 9:00 a.m. Registration & Continental Breakfast – Welcome & Introductions (To be held in the Camelia/Gardenia Room) 9:15 a.m. David Gasson, Principal, MG Housing Strategies, LLC Update on federal housing and LIHTC improvement legislation including Sen. Wyden’s bill for middle income tax credit program. 9:45 a.m. Nancee Robles, Executive Director, TCAC, Anthony Zeto, Deputy Director, TCAC, and William Leach, CEO, Kingdom Development – Update on CTCAC and CDLAC awards of 9% and 4% Bonds and anticipated revisions to regulations in 2022, including simplifying and aligning the excel forms of CTCAC, CDLAC, HCD and CalHFA. 11:00 a.m. Gustavo Velasquez, Director, HCD Programs Recap of HCD production in FY 2020-2021 and what to expect in 2022. What about the $1.75 billion available for financing HCD projects in the pipeline that do not have awards of tax credits or bonds and the $300 million for restructuring and rehabbing older HCD deals in need of help---how will this work?? And, how will HCD deal with refinancing and repaying older HCD loans to allow for reprograming such repayments to fund additional affordable housing projects going forward??

12:00 p.m. Luncheon with Treasurer Fiona Ma, Keynote Speaker (To be held in the Magnolia Room)

1:30 p.m. Management & Monitoring Session: “Hot topics” – National updates on the changes to Rural Development and Updates from CTCAC on new timing of file review and inspection requirements. Breakout Session.

(To be held in the Bondi Room) MODERATOR: Tina Williams-Burke, President, AWI Management, Corporation

Panelists: Linda Frazier, Director of Operations, AWI Management, Corporation Elizabeth Gutierrez-Ramos, Compliance Senior Program Manager, CTCAC Nathan Riedel – Team Lead for California, Multifamily Housing, RD

1:30 p.m. Modular Housing - A look at and review of the pros and cons of Modular Housing and its benefits and liabilities. Is it cost effective and the wave of the future given the lack of personnel to meet the needs of stick built construction in many regions of California?? MODERATOR: Carol Galante, Founder, Terner Center for Housing Innovation at UC Berkeley

Panelists: Rick Holliday, CEO/Co-Founder of Factory OS Caleb Roope, President and CEO of The Pacific Companies Greg Comanor, Manager/Partner, Daylight Community Development, LLC Kyle Paine, President, Community Development Partners

2:15 p.m. Recycled Tax Exempt Bonds – Why recycled bonds are essential to the efficient use of private activity bond volume cap for the purpose of maximizing affordable housing production. How does volume cap recycling work, how has it been used successfully to date, and why should it be maintained as part of the CDLAC scoring system? The proof is in the pudding so what did we learn from CDLAC awards of bond cap in Rounds I and II and the use of recycled bonds??? Listen to this panel and you decide. MODERATOR: Justin Cooper, Orrick, Herrington & Sutcliffe LLP Panelists: Ben Barker, California Municipal Finance Authority

Caleb Roope, President and CEO of The Pacific Companies 3:00 p.m. Developer Panel on possible revisions to CTCAC and CDLAC regulations to increase production of affordable housing. Are the CDLAC bond allocation pools equitable and the most efficient means for meeting California’s housing goals? And, what is the impact of “skilled and trained workforce” if imposed on certain affordable housing projects??? Last but not least, what is this debate about HCD not permitting refinancing and repayment of older HCD loans and reallocating such repaid funds to finance more affordable housing Units??? What are the pros and cons of this debate so long as such projects remain rent restricted and no harm to the tenants or financial feasibility of the projects?? MODERATOR: Patrick Sabelhaus, Executive Director, CCAH

Panelists: Jim Schmid, Founder/CEO, Chelsea Investment Corporation Moe Mohanna, CEO, Highridge Costa Companies Geoff Brown, President & CEO, USA Properties Fund Paul Patierno, CFO/Director of Acquisitions, Highland Property Development David Rutledge, President, CRDC John Bigley, CEO, Urban Housing Communities

3:45 p.m. State Legislative update, anticipated Ballot Measures for November 2022 and recap of FY 2021-2022 state budget items for affordable housing – Melissa Hyzdu and Kaitlyn Johnson – Political Solutions. Lisa Engel, Chief Consultant, Assembly Housing Committee. 4:30 p.m. Equity Panel on tax credit pricing for 4% and 9% projects. What should we anticipate in the coming months and 2022? What about Income Averaging and IRS complicated rules? And, are mixed income deals with some rents at 81% to 120% AMI really off the table? What about Sen. Wyden’s middle income tax credit program? What steps will you (investors/lenders) take to assure adequate funds at reasonable prices are generated to absorb the increase in federal and state credit?? Do we need a federal credit exchange program similar to the Treasury program in 2009?? What about issues with certificated state credit problems and concerns?? MODERATOR: Steve Strain, Law Offices of Sabelhaus and Strain

Panelists: Jessica Captanis, VP, Originations, WNC Jennifer Erixon, VP, Alliant Capital Cory Bannister, VP, R4 Capital Roy Faerber, Senior VP, Boston Financial Investment Management, LP Matt Grosz, VP, Red Stone Equity Partners Richard Shea, Senior Vice President, Acquisitions, CREA, LLC

5:15 p.m. Membership Meeting and Board Elections. 5:30 p.m. – 7:30 p.m. (To be held in Grand Nave Foyer)

~~Special Guests~~ David Chiu, Chair*, Assembly Committee on Housing and Com. Dev.

Tony Sertich, Deputy Controller

END OF CONFERENCE *Invited not confirmed.

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