Smith's Affordable Housing Finance Conference
Smith's Affordable Housing Conference starts at the doorstep of single-family and multifamily homes on Main Street.
It extends to everyone on Wall Street, plus lenders at mutual funds, hedge funds, insurance companies and commercial banks.
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.
Sponsors
Platinum
Gold
Silver
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Bronze
Luncheon
Cocktail Reception
Dinner Co-Sponsor
Breakfast
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To find out how your firm can maximize its presence at Smith's Affordable Housing Finance Conference with a Sponsorship Package,
please contact Pamela Kilbourn at (571) 299-4954
Smith's Affordable Housing Finance Conference
Smith's Affordable Housing Conference starts at the doorstep of single-family and multifamily homes on Main Street.
It extends to everyone on Wall Street, plus lenders at mutual funds, hedge funds, insurance companies and commercial banks.
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.
Sponsors
Platinum
Gold
Silver
Bronze
Luncheon
Cocktail Reception
Dinner Co-Sponsor
Breakfast
To find out how your firm can maximize its presence at Smith's Affordable Housing Finance Conference with a Sponsorship Package,
please contact Pamela Kilbourn at (571) 299-4954
Agenda
Thursday, April 28, 2022
8:00 am
CONFERENCE REGISTRATION
Continental Breakfast
Sponsored By:
Fitch Ratings
8:45 am
WELCOME
Terence Smith
Chairman & CEO
Smith's Research & Gradings
9:00 am
AFFORDABLE HOUSING MARKET OUTLOOK — A MARKET IN TRANSITION
The Outlook Panel features insights from across the entire market spectrum: commercial bonds, rating agencies, issuers, investors and financial advisors. They will discuss national trends in the affordable housing sector post-pandemic, including key credit factors such as technical supply and demand, outflows from mutual funds, equity issues, and challenges in funding downpayment assistance (DPA) programs.
Michael Koessel
Director, Head of Municipal Housing
Citigroup Global Markets
Cris White
Executive Director
Colorado Housing and Finance Authority
Ferdinand Perrault
Vice President and Senior Credit Officer
Moody's Investors Service
Paul Jungquist, CFA, CPA, CGMA,
Senior Vice President and Senior Portfolio Manager
Sit Fixed Income
Gene Slater
Chairman
CSG Advisors
9:45 am
FOCUS ON SINGLE FAMILY
The single family market was off to a strong start this year, but now the sector is running into inflation due to supply chain costs and rising interest rates. The continued shortage of affordable housing stock matters the most to issuers and investors alike. This session will focus on how the market looks going forward and what it takes to get a single-family deal done. Panelists will talk about how downpayment assistance along with sustainable bonds and social bonds are factoring into their programs to reach more people and attract more investors.
Joe Monitto - Moderator
Director, Housing Finance Department
Bank of America Securities
Jordan Laird
Director of Finance
Pennsylvania Housing Finance Agency
Melanie Weathers, CPM
Finance Director
Florida Housing Finance Corporation
Marian Zucker
Sector Leader - Public Finance Housing
S&P Global Ratings
10:30 am
COFFEE NETWORKING BREAK
11:00 am
LEGAL DEVELOPMENTS
The Legal Eagles of Affordable Housing will opine on the nuances of regulatory changes (both being implemented as well as being contemplated) along with practical decisions associated with pricing affordable housing bonds in rapidly changing market. Panelists will focus on hot topics including legal implications of voluntary COVID disclosures, the SEC's ESG risk alert announcement as well as the MSRB's request for comment on ESG disclosures. The rising rate environment has prompted new disclosure questions that panelists will explore. And, don’t forget, using variable rate debt may require a swap agreement that needs to be reviewed.
Charles Carey (Moderator)
Member
Mintz
Matt Page
Member
Mintz
Kevin Murphy
Partner
Hawkins Delafield & Wood LLP
Jon Jurich
Partner
Pacifica Law Group LLP
12:00 pm
LUNCHEON
Sponsored By:
Barclays
2022 Lifetime Achievement Award Presentation
— Patrick Nagel, North Dakota Housing Finance Agency
Under the leadership of Executive Director David Flohr North Dakota Housing Finance Agency, CFO Patrick Nagel has helped expanded its scope of affordability and allowed North Dakota citizens of limited means to buy their first homes. It’s a lifetime of work dedicated to building better communities in North Dakota – one home ownership at a time. Join us in recognizing Patrick Nagel’s amazing contributions.
1:30 pm
WORKFORCE HOUSING: NOW AND THEN
Workforce Housing bonds rocked the muni investment world and are being issued to provide income and rent-restricted units to serve the "missing middle." Panelists will discuss the evolving structures for these non-traditional housing deals, the impact of pending legislation, and how the current market environment may change the sector.
Timothy Hsu
Director, Public Finance Department
Citigroup
Alan Jaffe
Managing Director
Jefferies LLC
Richard Schwam, CFA
Vice President
Alliance Bernstein
Thomas Bryan, CPA
Chief Financial Officer
Colorado Housing and Finance Authority
Ian Parker
Managing Director
RBC Capital Markets, LLC
2:30 pm
HOUSING BY THE NUMBERS — WHAT'S IN YOUR TOOLBOX
Panelists will take a look inside the numbers to explain why it's important for housing issuers to keep a variety of tools at the ready and for investors to understand how the various funding options relate. Last year it was all about TBA, now bonds are back. Issuers need to think about how swaps (recycling) can help to extend volume cap and maximize returns over the life of the mortgages.
Alec Lehrer
Managing Director
Stifel
Chuck Karimbakas
Managing Director
cfX Incorporated
Barry Gottfried
Managing Director
Stifel
Peter Clerc
Managing Director
Swap Financial Group
3:15 pm
COFFEE NETWORKING BREAK
3:45 pm
ESG INVESTING
Whether it is referred to as sustainable investing, socially responsible investing, or impact investing, ESG has become more than a niche sector. Investors are committed to sustainability, but questions remain: How to incorporate ESG into muni bond portfolios? Are there benefits to using a third party verifier or does self-certification suffice? What parameters are being used when evaluating these bonds?
Timothy Sullivan - Moderator
Managing Director
Head of New England Region and Housing Finance
UBS Financial Services
Cory Hoeppner
Managing Director
RBC Capital Markets
Jenna Bryan-Krug, CFA
Director
BlackRock
Alán Bonilla
Director
S&P Global Ratings, Sustainable Finance
4:30 pm
DAY ONE CONCLUDES
6:00 pm
COCKTAILS AND DINNER
Cocktail Reception - Lona Tequila Terrace
Sponsored By:
Mintz
UBS Financial Services
Dinner - Lona Tinta Room
Co-Sponsored By:
BofA Securities
Smith's Research & Gradings
Friday, April 29, 2022
8:00 am
CONFERENCE REGISTRATION
Continental Breakfast Sponsored By:
Fitch Ratings
8:30 am
PROJECT AFFORDABLE HOUSING 2030
Since its inception in 1992, Smith's has been at the leading edge, focusing on event risk factors and possible outcomes for the future. With three decades of data and experience, Smith's offers event-driven research that goes well beyond traditional measures of credit quality and risk. Now, we are launching a project to help shape the future of affordable housing, both in the United States and around the world.
Terence Smith
Chairman & CEO
Smith's Research & Gradings
9:00 am
COLLABORATING FOR GREATER COMMUNITY DEVELOPMENT
Panelists will discuss opportunities for state and local housing finance agencies and the non-profit entities they work with for a more collaborative approach to safe and affordable housing. Today, we know that affordable housing is not just low income. It encompasses working families, essential workers, as well as healthcare/housing models for the aging population. The panel will look at how the different aspects of affordability are colliding and becoming more hybrid.
Mikiyon Alexander
Senior Director and Sector Head
Community Development and Social Lending
Fitch Ratings
Valerie D. White
Senior Executive Director
LISC NYC — Local Initiatives Support Corporation
Eric Chatman
Chief Financial Officer
Housing Partnership Network
Damian Busch
Director
Barclays
10:00 am
COFFEE NETWORKING BREAK
10:30 am
MULTI-FAMILY HOUSING
The need for affordable multi-family housing is strong, but current market conditions including rate volatility, volume cap constraints and limited investor demand. Panelists will discuss how they are working to accomplish their objectives. And, all real estate is local. What structures? What disclosure? What are constituents looking for in local multi-family deals?
Peter Cannava
Managing Director, Head of Structured Finance
Municipal Products Group
Wells Fargo Securities
Ellen Duffy
Executive Vice President for Debt Issuance and Finance
New York City Housing Development Corporation
Christopher Donald
Executive Director/CEO
D.C. Housing Finance Agency
Damon Burns
President & CEO
Finance New Orleans
11:15 am
INVESTOR ROUNDTABLE
The KING OF HOUSING CREDIT IS BACK! KVK has returned to the Round Table at this most exquisite moment to help investors and issuers navigate these difficult times. He will be joined by Richard Schwam of AB Funds and Jenna Bryan-Krug of BlackRock.
Kurt van Kuller, CFA
Vice President & Portfolio Manager
Sit Fixed Income
Richard Schwam, CFA
Vice President
Alliance Bernstein
Jenna Bryan-Krug, CFA
Director
BlackRock
12:00 pm
CONFERENCE ADJOURNS
Registration Fees
$1,250 per person Standard Rate: (Broker/Dealer & Underwriting Firms, Sell-Side Firms, Commercial Banks, Financial Advisors, Attorneys, Credit Enhancers, Corporate Trust, Rating Agencies)
$700 per person Investor Rate: (Mutual Funds, ETFs, Hedge Funds, Asset Managers, Portfolio Managers)
$400 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 event.
Group Discounts
Groups of 3 or more Standard Rate — $1,125 per person.
Groups of 3 or more Investors — $630 per person.
Groups of 3 or more Issuer/Governmental Rate — $360 per person.
*To participate in Smith's Research & Gradings live conferences and events, all attendees, speakers, and other participants must provide documentation of full vaccination against COVID-19. (See COVID-19 Protocols below)
Cancellations
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 paid registration rate and will be valid for 12 months. Registration credit requests must be received by the last day of the conference.
Substitutions
Substitutions from your company will be accepted any time prior to the conference.
Program Cancellation
In the event that Smith's Research & Gradings cancels a scheduled program, all registrants will be notified in writing via email.
Registration fees will be refunded. In the event that the scheduled program is canceled, 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 scheduled program takes place, the registration fee is not refundable.
Complaint Resolution
Address any complaints to Pamela Kilbourn, Smith's Research & Gradings, P.O. Box 1195, Great Falls, VA 22066; email to pamkilbourn@smithsresearch.net or phone (571) 299-4954. Complaints will be handled in as timely a manner as possible.
Privacy Policy & Records Retention
Smith's Research & Gradings values your privacy. Smith's retains information submitted during the registration process with regard to your name, company and contact information. We will never willfully sell, lease, or rent any of your personally identifiable information to any third party
As a Smith's Conference attendee, you will receive a complimentary edition of Smith's Research & Gradings — the leading independent source for credit opinions.
Registration
Business Casual
Register by Phone: (571) 299-4954;
Email: smiths@smithsresearch.net ;
Online: Smith's Store
Mail: TMS Holdings, Inc., P.O. Box 1195, Great Falls, VA 22066
Payment
Payment is required prior to the conference. We accept company or personal checks; MC, Visa, American Express and Discover credit cards or, via PayPal using all major credit or debit cards.
Westin Fort Lauderdale Beach Resort
321 N. Fort Lauderdale Beach Blvd.
Fort Lauderdale, FL 33304
(844) 421-6474
Hotel Website
A block of rooms is being held for our group until March 30, 2022 at a rate of $319 per night (The resort fee is waived for our group). Follow this link to make hotel reservations online: Smith's Room Block Reservations
You may also call the hotel directly at (888) 627-7108 or (954) 467-1111
