Smith's Affordable Housing Finance Conference
Join us LIVE
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.
Conference Sponsors:
Platinum
Silver
Dinner Co-Sponsor
Cocktail Sponsor
Luncheon Sponsor
Bronze Sponsor
Breakfast Sponsor
.jpg)
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
Join us LIVE
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.
Conference Sponsors:
Platinum
Silver
Dinner Co-Sponsor
Cocktail Sponsor
Luncheon Sponsor
Bronze Sponsor
Breakfast Sponsor
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
Program at a Glance
Thursday, November 18, 2021
8:00 am
CONFERENCE REGISTRATION
Continental Breakfast
Sponsored by: Fitch Ratings
9:00 am
WELCOME
Terence Smith
Chairman & CEO
Smith's Research & Gradings
9:15 am
AFFORDABLE HOUSING MARKET OUTLOOK
Panelists will discuss national trends in the affordable housing finance sector. Learn more about how key credit factors including technical supply and demand, employment recovery, mortgage payments and downpayment assistance programs will play an important role in the nation's economic recovery.
Michael Koessel
Director, Head of Municipal Housing
Citigroup Global Markets
Timothy Sullivan
Managing Director, Co-Head of East Region and Housing Finance
UBS Financial Services
Ferdinand Perrault
Vice President and Senior Credit Officer
Moody's Investors Service
10:00 am
FOCUS ON SINGLE FAMILY FOR INVESTORS
Demand is booming in the single family sector. This session will focus on how the market is handling the volume with various programs and products. Panelists will discuss how down-payment assistance along with sustainable bonds and social bonds are factoring into their programs to reach more people.
Joe Monitto - Moderator
Director, Housing Finance Department
BofA Securities
Robin Wiessmann
Executive Director and CEO
Pennsylvania Housing Finance Agency
Marian Zucker
Sector Leader - Public Finance Housing
S&P Global Ratings
Mina Choo
Managing Director
RBC Capital Markets
10:45 am
COFFEE NETWORKING BREAK
11:00 am
LEGAL DEVELOPMENTS
Panelists will discuss the latest important legal issues such as housing subsidies and direct placement issues. Our legal eagles will talk about newly proposed legislation and regulations and how it will impact the affordable housing sector.
Charles E. Carey
Member
Mintz
Kevin Murphy
Partner
Hawkins Delafield & Wood LLP
Justin Cooper
Partner
Orrick
12:00 pm
LUNCHEON
Sponsored by: HilltopSecurities
2021 Lifetime Achievement Award Presentation
Bob Cook, Washington State Housing Finance Commission
1:00 pm
ESSENTIAL HOUSING: PERSPECTIVES FROM MARKET PRACTITIONERS
California has a problem. California has not kept pace with housing production needs for decades, and housing construction has been particularly slow in coastal communities, where jobs have been added at breakneck speed. Workforce housing is a particularly critical need for many workers in a strong economy chasing too few available homes or apartments.
Petros Voulgaris - Moderator
Vice President, Muni Trading
Goldman Sachs
Vander Shanholt, CFA
Vice President, Research Analyst
Franklin Templeton Investments
Stephen DeMarco
Vice President, Muni Trading
Goldman Sachs
Alan Jaffe
Managing Director
Jefferies LLC
Galen Wilson
Vice President, Investment Banking
Goldman Sachs
1:45 pm
MAKING THE MOST WITH TBA PROGRAMS
This session will focus on the development and implementation of TBA programs to create more successful low-to-moderate income homebuyers in the community. Panelists will discuss marketplace pricing and demand for the various TBA programs and how the current market dynamics will impact performance and changes to the programs.
Mike Awadis
Managing Director
Hilltop Securities
Bob Cook
Senior Director, Finance
Washington State Housing Finance Commission
Thomas Pearson
Homeownership Director
Indiana Housing and Community Development Authority
2:30 pm
STRATEGIES FOR SINGLE AND MULTIFAMILY HOUSING — A VIEW FROM MOUNTAIN AND MID-AMERICA REGIONS
Munis or mortgages; single family or multifamily; taxable or tax-exempt. Changes in execution and demand are happening in the affordable housing sector. Panelists will discuss changes they are seeing and how they are responding. Plus, we'll get an update on the technicals, including prepayments, home price appreciation and forbearance.
Christopher Moriarty
Managing Director
Stifel
Cleon Butterfield
SVP & Chief Financial Officer
Utah Housing Corporation
Mark Conine, CPA
President
Arkansas Development Finance Authority
Kevin Cavin, CFA
Managing Director, Head of Mortgage Strategy
Stifel
3:15 pm
COFFEE NETWORKING BREAK
3:30 pm
BONDS ARE BACK: HOW TO NAVIGATE TODAY'S WORLD OF HOUSING BOND ISSUANCE
The number of issuers back using bonds has increased over the last few years. Panelists will talk about what investors can expect as state HFAs integrate more bonds into the mix. We'll hear how bonds and other programs are being used to meet affordable housing challenges.
Albert Luong
Director
Barclays
Thomas Bryan, CPA, MBA, CPFIM
Chief Financial Officer
Colorado Housing and Finance Authority
Charles Karimbakas
Managing Director
cfX Incorporated
4:15 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 bonds designated as Green really Green? What parameters should be used when evaluating these bonds?
Geoffrey Proulx
Managing Director and Co-Head Affordable Housing and Community Development Group
Morgan Stanley
Melanie Weathers, CPM
Finance Director
Florida Housing Finance Corporation
Alán Bonilla
Director and Lead Analyst, Sustainable Finance
S&P Global Ratings
5:00 pm
DAY ONE CONCLUDES
6:00 pm
COCKTAILS AND DINNER
Cocktails Sponsored by: Mintz
Dinner Co-Sponsored by: BofA Securities / Smith's Research & Gradings
Silverado Resort
Friday, November 19, 2021
8:00 am
CONFERENCE REGISTRATION
Continental Breakfast
8:30 am
WHAT'S NEXT? — SMITH'S OUTLOOK FOR AFFORDABLE HOUSING FINANCE
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.
CEO
Smith’s Research & Gradings
9:00 am
ALTERNATIVE INSTRUMENTS & FUNDING TO ADDRESS EXACERBATED AFFORDABLE HOUSING CHALLENGES
Hear how some major players in the industry are addressing affordable housing challenges with new forms of debt and/or programmatic funding and what new investors in this space need to know. Covid-19 caused an economic contraction felt among millions of Americans of many economic strata, and those at the most vulnerable level of the economic scale saw their tenuous grip loosen on housing security. The lack of affordable housing is a manifestation of income inequality in the U.S. Stagnant wages, particularly at the lowest income level, cannot keep pace with rising home prices and rents. As the supply of housing has not grown at the same rate as households and population, housing has become more expensive even in the absence of increasing costs for materials and expenses.
Mikiyon Alexander
Senior Director and Sector Head, Community Development & Social Lending
Fitch Ratings
Jeff Brenner
President & Chief Executive Officer
IMPACT Community Capital
Michael Potter
Principal
Align Finance Partners
Ila Afsharipour
Managing Director
KeyBank Capital Markets
10:00 am
COFFEE NETWORKING BREAK
10:30 am
UPDATE ON MULTIFAMILY HOUSING
The big question on the mind of issuers is what do investors want? Panelists will discuss how they are working to diversify their investor base using different structures.
Damian Busch
Director
Barclays
Ellen Duffy
Executive Vice President for Debt Issuance and Finance
New York City Housing Development Corporation
Christopher Donald
Executive Director/CEO
DC Housing Finance Agency
Damon Burns
President & CEO
Finance New Orleans
11:15 am
ESSENTIAL HOUSING II
Essential or Workforce Housing bonds are being issued to acquire market-rate apartment buildings and convert them to income and rent-restricted units to serve the "missing middle." There are many questions about these non-traditional housing transactions. Panelists will discuss their structures and tackle some of the questions from the investment community.
Alexander Zaman
Director, Public Finance Department
Citigroup
Ian Parker
Managing Director, U.S. Municipal Finance / West Coast Infrastructure, Multifamily & Project Finance
RBC Capital Markets, LLC
Charles S. Laven
Chairman/ CEO
Forsyth Street Advisors, LLC
Amy Murphy
Executive Director
JP Morgan Asset Management
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.
COVID-19 Protocols
Smith's Research & Gradings is pleased to welcome the municipal bond community back to our in-person events. The safety of those attending Smith’s High Yield Municipal Bond Conference is our top priority. In response to COVID-19, attendees must agree to the following requirements prior to attending the conference.
We are strong in our commitment to keeping the municipal bond community informed, engaged, and connected. Therefore, we are relying on everyone to do their part to keep themselves and everyone else safe during the conference. Your conduct impacts others.
Smith’s Research & Gradings will exercise reasonable efforts to utilize protocols that will comply with or exceed any local public health requirements and be consistent with then-prevailing public health standards.
Participation and Compliance
•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. Fully vaccinated is defined as having received, at least 14 days prior the second dose of a two-dose COVID-19 vaccine (Pfizer or Moderna) or a single dose of a one-dose vaccine (J&J). Proof will be required upon registration. Smith's Research & Gradings reserves the right to cancel any registration and deny event entry if vaccination proof is not provided. Accommodations will be made for attendees in accordance with the law and we will send you further details as they become available.
•Attendees must adhere to government-issued travel guidance and all applicable restrictions issued by the region to which they will be traveling, and the region from which they are traveling.
•Attendees shall evaluate their own health and that of people with whom they are in close contact within 14 days prior to the conference dates and should contact Smith’s Research & Gradings if they have any concerns.
•Attendees must STAY HOME if they feel ill, actively experience COVID-19 symptoms, or have been exposed to someone who has tested positive or presumed to be positive with COVID-19 within 14 days prior to the conference dates. In that case, they should contact Smith’s Research & Gradings to cancel their registration and receive a full refund.
On-Site During the Conference
•Smith's Research & Gradings is working with its venue partners to ensure compliance with local public health requirements. Our venue partners take pride in maintaining the highest standards of cleanliness and hygiene. Protocols include increased frequency with which public areas, guest rooms, and facilities are deep-cleaned and disinfected, using hospital-grade disinfectants.
•Hand sanitizer products will be available for attendee use throughout the conference space. Attendees are expected to use these available resources regularly and to practice everyday preventive actions to help prevent the spread of respiratory viruses.
Silverado Resort & Spa
1600 Atlas Peak Road
Napa, CA 94558
(844) 421-6474
https://www.silveradoresort.com
A block of rooms is being held for our group until October 18, 2021 at a rate of $209 per night. A resort fee of $30 per room, per night will be charged in addition to the room rate. Please use this link for reservations: Smith's Room Block Reservations
