Workshops

Fiscal Management

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Wy’East Plaza Affordable Housing: Advanced Framing / Cost-Efficient Design and Construction (CEDC) Practices in Action


Date: Tuesday, Oct 20

Time: 10:30 am - 11:30 am PDT

Venue: Zoom link will be provided through registration system prior to event

Moderator:

Peter Clements, Housing Development Project Manager, REACH CDC

Presenter:

Michael Bonn, Principal Architect, Ankrom Moisan Architects
Scott Nyseth, President, Stonewood Structural Engineering
Jay Nees, Senior Project Manager, Walsh Construction

Description:
Join REACH CDC, Ankrom Moisan Associated Architects and Walsh Construction Co. for an exciting and informative conversation on Cost-Efficient Design and Construction practices for the recently completed Wy'East Plaza project in Portland, Oregon. Through deliberate strategies of efficiency and collaboration in the design, preconstruction, and construction processes — the project team was able to significantly lower development costs and deliver the four-story, 175-unit Wy’East Plaza project in Southeast Portland with a final construction budget that is approximately 39% under the state cost limit on a per-unit basis. The result of the collaborative efforts on the project is a per unit cost of just over $111,000, lower than almost any Portland-area affordable housing project built over the past three years or currently under construction. This allowed REACH CDC to provide additional affordable housing units for those households with extremely low incomes.

Shark Tank: Tax credit investors discuss equity markets and structuring challenges during the pandemic era


Date: Monday, Oct 19

Time: 1:30 pm - 2:30 pm PDT

Venue: Zoom link will be provided through registration system prior to event

Moderator:

Cat Vielma, Senior Vice President of Acquisitions, Red Stone Equity Partners

Presenter:

Ann Malone, Vice President, Business Development Officer, Affordable Housing, U.S. Bancorp Community Development Corporation
Dan Wendle, VP-Director of Acquisitions, West, Raymond James Tax Credit Funds, Inc
Tony Daguanno, Vice President, National Equity Fund
Jilian Saurage Felton, Director of Housing Development, Community Partners for Affordable Housing

Description:
In this panel, LIHTC investors will discuss the state of the equity market. How has the pandemic impacted investor appetite? What structuring changes can you make today to ensure the best outcome for your deal tomorrow? We’ll showcase three ‘sample’ transactions, reflective of trends across Oregon, & share today’s estimated pricing alongside investor concerns and structuring suggestions. There will be time for active Q&A, too. Our panelists will represent the perspectives of direct investors, for-profit syndicators, and non-profit syndicators.

Strategies Through Examples: Pairing LIHTC with Other Credits, Bonds and Soft Financing


Date: Tuesday, Oct. 20

Time: 12:00 PM - 1:00 PM PDT

Venue: Zoom link will be provided through registration system prior to event

Presenter:

Dan Valliere, CEO, REACH CDC
Beth Mullen, National Director, Affordable Housing Industry Practice, Cohn Reznick

Description:
The goal of this session is to showcase, through real examples, how pairing LIHTC with numerous other community development financing strategies can help lift an entire community through more than just housing developments. Attendees will hear from REACH Community Development and their efforts with Historic Tax Credits, LIHTC and their ability to “twin” or combine credits and other strategies to help facilitate development. Included in this, the panel will discuss 4% deals that include new soft financing options available in Oregon. Through this discussion, attendees will hopefully identify new options in assembling deals for both housing and for larger community development efforts by combining credits and other sources for the capital stack.

Paycheck Protection Program: Navigating next steps to forgiveness of COVID disaster loans


Date: Thursday, Oct. 15

Time: 10:30 AM - 11:30 PM PDT

Venue: Zoom link will be provided through registration system prior to event

Presenter:

Elliott Tracy, Partner, Jones & Roth CPAs & Business Advisors

Description:
The Paycheck Protection Program was rolled out this spring as a short-term COVID-19 disaster recovery loan program. Five months later Congress and the Small Business Administration have extended the “covered period” to 24 months and are still finalizing program details. Elliott Tracy, with Jones & Roth CPAs & Business Advisors, will unpack up to date developments and next steps for forgiving your PPP loan. Bring your questions as the forgiveness application process may likely be finalized by October.

Oregon’s LIHTC Average Income Set-Aside: Deep Dive and Review


Date: Wed. Oct 14

Time: 10:30 am - 11:30 am PDT

Venue: Zoom link will be provided through registration system prior to event

Presenter:

Jennifer Marchand, Multifamily Compliance Technical Advisor, Oregon Housing and Community Services

Description:
Facilitated by seasoned and dynamic OHCS staff member, Jennifer Marchand. This workshop is an introduction to the newly adopted OHCS Average Income (AI) set-aside policy. It will include a deep dive on how this LIHTC set-aside election works in comparison to traditional (20/50 or 40/60) federal set-aside elections. She’ll also discuss the development requirements to choose the AI set-aside, as well as potential waivers and modifications. Special emphasis will be given to the new Oregon specific “correct unit sizing rule” and its compliance.

Let’s Talk About OAHTC – Oregon Affordable Housing Tax Credit


Date: Friday, Oct 16

Time: 9:00 am - 10:00 am PDT

Venue: Zoom link will be provided through registration system prior to event

Presenter:

Jennifer Marchand, Multifamily Compliance Technical Advisor, Oregon Housing and Community Services

Description:
Joined by others from OHCS, Jennifer Marchand will lead this unique session highlighting the purpose, plan and compliance requirements of OAHTC funding. Topics of discussion will include: what the credit is and how it works, how it can benefit both property owners and tenants, why it’s so important in our current housing climate, program exemptions and key compliance requirements. Additionally, we have some 2020 OAHTC news to share with participants.