Best of the West in Affordable Housing Development and Finance

126 Pages·2016·4.89 MB·English

Best of the West in Affordable Housing
Development and Finance
Preconference Roundtable

Year 15: Exits, Options, and Strategies—
What You Should Know
Nicole Graham, CSG Advisors
Ryan R. Warburton, Ballard Spahr

2
Best of the West in Affordable Housing
Development and Finance
Welcome and Introductions
John Hamilton, CSG Advisors
Ryan R. Warburton, Ballard Spahr

4
Washington Update on Housing and
Tax Related Issues
Moderator: Amy M. Glassman, Ballard Spahr
5
Washington Update on Housing and Tax-Related Issues
• Moderator
- Amy M. Glassman, Ballard Spahr
• Panelist
- Denise Muha, National Leased Housing Association
- Michael J. Novogradac, Novogradac & Company
6
Traditional and New Financing
Opportunities for Affordable Housing
Moderators: Eric J. Olson, CSG Advisors
Preston F. Olsen, Ballard Spahr

7
Traditional and New Financing Opportunities
for Affordable Housing
• Moderators
- Eric J. Olson, CSG Advisors
- Preston F. Olsen, Ballard Spahr
• Panelists
- Kamara Green, Freddie Mac
- Debbie A. Klis, Ballard Spahr
- Stephanie J. McFadden, CBRE
- Sean Spear, 1410 Partners
- Jay H. Stark, Integral Investment Management
- Carl A. Wise, Alden Torch
- Eliza Webb, Fannie Mae
8
Targeted Affordable Housing
March 14, 2016
Direct Purchase Tax-Exempt Loan
 Significant cost savings compared to traditional publically offered bond credit
enhancements with less documentation resulting in a more efficient execution
 Garden, mid-rise or high-rise multifamily properties with 4% LIHTC with 90%
occupancy for 90 days
Forward & Immediate Variable Rate
Commitment
Minimum DCR 1.15x 1.20x; with interest rate hedge
Maximum LTV 90% of market value** 85% of market value**; with interest rate
hedge

Loan Term Up to 18 years Up to 18 years
Construction Loan Up to 36 months
TAH Training © Freddie Mac 10