Affordable Housing Finance Conference
Registration Info | Hotel Info | Contact Info | Agenda Sponsors | Registration |

March 19-20, 2015

Westin Beach Resort

Fort Lauderdale, Florida

Register by December 28, 2014 and take 10% off Registration Rate

Taking on the Affordability Crisis


SMITH’s Research & Ratings will host its 23nd annual Affordable Housing Finance Conference at The Westin Beach Resort in Fort Lauderdale, Florida.

Clearly, the challenges to today’s housing finance industry remain daunting. SMITH's Affordable Housing Conference explores the many issues facing the market and helps participants develop actionable solutions.

The overarching questions are: Where are there opportunities for housing sector investors and how will the affordable housing sector look going forward.

Since 1992, SMITH’S Research & Gradings has been covering the U.S. affordable housing market SMITH’S Affordable Housing Finance Conference is one of the longest running symposiums on this subject so vital to all Americans and the American economy.


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Who Should Attend?

  • State & Local Housing Finance Officers

  • Directors of Taxable & Tax-Exempt Fixed-Income

  • Portfolio Managers

  • Credit Analysts at Investment Firms

  • Wall Street Analysts

  • Rating Agency

  • Financial Advisors

  • Bond Counsel

  • Accounting Firms

  • Bond Insurance

SMITH’s Research & Gradings

SMITH’s Research and Gradings was founded by Terence Smith in 1992 to provide independent research and third-party analysis for institutional investors. SMITH’s has become a bellwether research company, often predicting significant trends and spotlighting controversial subjects sometimes months before they come to light elsewhere.


Sponsors and Exhibitors

Bank of America Merrill Lynch  

Registration Information

Registration Fees


Standard Regsitration

$975 per person Standard Rate
$450 per person Investor Rate
$340 per person Issuer/Governmental Rate

Registration fee includes course materials, breakfast, lunch, and breaks during the conference.

Payment by credit card, company check or personal check is required prior to the conference.



Groups of 3 or more Standard Rate - $877.50 per person
Groups of 3 or more Investors - $405 per person
Groups of 3 or more State/Local issuers - $306 per person

Cancellations are subject to a $100 service fee. Cancellations will be accepted up to 30 days prior to the Conference in order to receive a refund.
Cancellations after the 30 day cut-off will receive a registration credit toward a future SMITH’s conference program. Credits will be issued at the original registration rate and will be valid for 12 months. Registration credit requests must be received by the last day of the conference.
Substitutions from your company will be accepted any time prior to the conference.

As a SMITH's Conference attendee, you will receive a complimentary edition of SMITH's Research & Gradings — the leading independent source for credit opinions.


Program Cancellation
In the event that SMITH's Research & Gradings cancels a scheduled program, all registrants will be notified in writing. Registration fees will be refunded. In the event that a conference is cancelled, SMITH's Research & Gradings cannot be held liable for non-refundable transportation costs. In the case of inclement weather, or acts of God, if the seminar takes place, the registration is not refundable.


Complaint Resolution
Address any complaints to Pamela Kilbourn, SMITH's Research & Gradings, 10001 Georgetown Pike, P.O. Box 1195,

Great Falls, VA 22066

Email to or phone 571-299-4954. Complaints will be handled in as timely a manner as possible.

Privacy Policy & Records Retention
SMITH's values your privacy. SMITH's retains information submitted during the registration process with regard to your name, company and contact information. Credit card information is destroyed once the transaction has been processed. We will never willfully sell, lease, or rent any of your personally identifiable information to any third party

Dress Code
Business Casual.

Register by Phone: (571) 299-4954,

                    Email: or

                    Mail: SMITH's Research & Gradings, 10001 Georgetown Pike, P.O. Box 1195, Great Falls, VA 22066.

Payment: We accept company or personal checks; MC, Visa
and Discover credit cards or, via PayPal using all major credit or debit cards.


Westin Beach Resort

321 North Fort Lauderdale Beach Blvd.

Fort Lauderdale, Florida 33304
Phone: (954) 467-1111

A block of rooms is being held for our group until       February 18, 2015 at a rate of $259 per night.

For reservations:
Book online by clicking this link - Reservations
Or call the hotel - Reservations (888) 627-7108


Contact Information

Phone: (571) 299-4954


Mail: TMS Holdings, Inc.,
10001 Georgetown Pike, P.O. Box 1195

Great Falls, VA 22066


2015 Conference Agenda Coming Soon

Smith's 2014 Affordable Housing Finance conference



Thursday, March 20, 2014




Continental Breakfast Sponsored by: Standard & Poor's





Terence Smith

SMITH's Research & Gradings


9:00am the State of Affordable Housing Market
Many factors are affecting the affordable housing finance market including loan performance, variable rate rollovers, liquidity, interest rates and foreclosures. We'll take a look at market conditions, key credit concerns and the outlook for the affordable housing finance market.

Blake Blanch
Chief Financial Officer
Indiana Housing and Community Development Authority

Susan Dushock
Senior Vice President & Municipal Analyst
SunTrust Bank

Timothy Milway
Director, Senior Analyst

Florence Zeman

Associate Managing Director
Moody's Investors Service


Muni Advisor & Other Dodd-Frank Developments
This session will focus on new developments in the implementation of the Dodd-Frank Act. It will include a discussion of the the SEC's new guidance regarding the rules for the registration of municipal advisors and the implications for the Housing sector.

Howard Zucker
Hawkins, Delafield & Wood LLP

Charles E. Carey
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC




11:00am Single Family Roundtable: What Will it take to get it going?
Panelists will take a big picture look at the single-family market, its challenges and opportunities.

Dan Rosen - Moderator
Managing Director
Bank of America Merrill Lynch

Mike Awadis
Senior Vice President

Brian Hudson
Executive Director and Chief Executive Officer
Pennsylvania Housing Finance Agency

John Sager
Chief Financial Officer and Executive Vice President
Idaho Housing & Finance Association




SMITH's Annual Affordable Housing Finance
Lifetime Achievement Awards Presentation




1:30pm Going Green: Incorporating Sustainable
Features in Traditional Housing
Panelists will discuss some unique programs focusing on incorporating sustainable features in traditional multifamily and single family programs, including energy efficiency, access to transit, water conservation and benefits to municipalities.
Julie Egan
Senior Vice President & Portfolio Manager
Community Capital Management

Barbara Van Scoy
Chief Impact Investment Officer & Co-Founder
Community Capital Management

Cheree L. Gulley, Esq.
Associate Director
Housing Finance Authority of Miami-Dade County

Tom Osdoba
Vice President, Green Initiatives
Enterprise Community Partners, Inc.



Military housing: BAH and Beyond
This panel will include a review of the modern factors currently influencing the military housing sector.  Among those factors is how political and financial changes could shift support in Washington.  Panelists will present an analysis on the sector and review relevant market factors, the climate in Washington DC and buyside perspectives.

Thomas Kozlik - Moderator
Director & Municipal Credit Analyst
Janney Montgomery Scott

Andrew Chintz
National Public Finance Guarantee

Guy LeBas
Managing Director, Chief Fixed Income Strategist
Janney Montgomery Scott

Chetan Marfatia
Managing Director & Portfolio Manager
Guggenheim Partners

John Germain
Barclays Capital


3:15pm Coffee Break

3:30pm Multi-Family Structures: Pass Thru
Panelists will discuss innovative pass-thru structures used to fund multi-family deals, including differences from traditional rental bonds and new reporting structures.

John Germain
Barclays Capital

Colin McNiece
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC

Tim Rittenhouse
President and Principal
CSG Advisors Incorporated

4:15pm What's Next?
Smith's Outlook for Affordable Housing Finance

SMITH’S has championed the affordable housing finance market since 1992. SMITH's will offer insights into the longest and deepest recovery since the Great Depression — more specifically, the role of housing in leading every recovery since the Great Depression and a look at a host of events and economic factors that may need to be addressed.

Terence Smith
SMITH’S Research & Gradings

4:45pm Day One Concludes

5:30pm Transportation to COCKTAILS and Dinner
At the Chart House

6:00pm COCKTAILS - Sponsored by: Mintz Levin
Dinner -
Co-Sponsored by: BofA Merrill Lynch


Friday, March 21, 2014




Continental Breakfast Sponsored by: Standard & Poor's


We'll start the day taking a comprehensive look at State HFA stats and trends. Panelists will analyze and discuss what those numbers mean for buyers and the market.

Charles Giordano
Senior Director
Fitch Ratings

Paul Jungquist, CPA, CFA
Vice President, Fixed Income Credit Analyst and
Senior Fixed Income Portfolio Manager
Sit Investment Associates

Kurt van Kuller
Managing Director, Credit Division for the Americas
The Bank of Tokyo-Mitsubishi, UFJ, Ltd

9:15am Making Housing Affordable
What direction is the affordable housing sector taking and how will new projects and programs be designed? How are current demographics impacting the availability of affordable housing? We'll take a look at recent projects and financings in some of the nation's major metropolitan areas and discuss where affordable housing is headed.

Jonathan Springer
Senior Vice President of Development
New York City Housing Development Corporation

Maria Day-Marshall, Esq.
Interim Executive Director and General Counsel
District of Columbia Housing Finance Agency

Linda Riley Mitchell, CPA
Executive Vice President & Chief Financial Officer
Chicago Housing Authority

Adela Suarez-Garcia
Trust Account Manager
Housing Finance Authority of Miami-Dade County

Mikiyon Alexander
Director - Analytical Manager, Public Finance
Standard & Poor's Ratings Services


Break Sponsored by:
City Securities


10:30am Tax-Exempt funding for Multi-Family Projects
Panelists will discuss current programs for multifamily housing projects — from acquisition rehabs to tax credits coming off the 15-year period.

Rachel Grossman
Director and Team Leader
Wells Fargo Multifamily Capital

Christopher Moriarty
Wells Fargo Securities

Matthew Engler
Senior Vice President, Public Finance
City Securities Corporation

James Spound
Red Stone Tax Exempt Funding

11:15am Single Family Financing Structures: Funding Single-Family Housing Using Short-Term Products
Panelists will provide a short-term product update, variable rate liquidity and trends. The run-off in mortgages and elevated percentages of variable rate in housing agency portfolios has become a credit issue. We will hear about financing solutions and ways to leverage existing variable rate.

Scott Hoversland
Director of Finance & Administration
Wyoming Community Development Authority

James McIntyre
Executive Director
Morgan Stanley

Jeff Sula
RBC Capital Markets