Thursday, October 15, 2020
8:00 am
REGISTRATION
Coffee and Networking
8:45 am
WELCOME
Terence Smith
Chairman & CEO
Smith's Research & Gradings
9:00 am
AFFORDABLE HOUSING MARKET OUTLOOK
With months of upheaval due to the COVID-19 pandemic, the affordable housing sector is doing surprisingly well. Panelists will take a national look at the current market conditions, key credit factors, technical supply and demand innovations and the outlook for the affordable housing finance market. They will also explore how the market is handling social unrest and equity in the housing sector.
Michael Koessel
Director, Head of Municipal Housing
Citigroup Global Markets
Timothy Sullivan
Managing Director, Head of New England Region and Housing Finance
UBS Financial Services
Florence Zeman
Associate Managing Director
Moody's Investors Service
9:30 am
FOCUS ON SINGLE FAMILY FOR INVESTORS
Volume 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 downpayment assistance along with sustainable bonds and social bonds are factoring into their programs to reach more people.
Joe Monitto - Moderator
Director, Housing Finance Department
Bank of America Securities
Chuck Karimbakas
Chief Financial Officer
Mass Housing
Melanie Weathers, CPM
Senior Financial Administrator
Florida Housing Finance Corporation
Marian Zucker
Sector Leader - Public Finance Housing
S&P Global Ratings
10:00 am
COFFEE NETWORKING BREAK
10:30 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
11:00 am
MAKING THE MOST OF TBA PROGRAMS
TBA programs continue to soar. 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
Brian Rossello
Director of Housing Finance
Delaware State Housing Authority
Chris Belhumeur
Managing Director, Head of Securitized Products Sales and Trading
Hilltop Securities
11:30 am
NEW DEVELOPMENTS IN MULTIFAMILY HOUSING: COPING WITH THE AFFORDABLE HOUSING CRISIS ACROSS INCOME RANGES
Meeting Housing needs is a challenge across income ranges. Panelists will discuss innovative ways they are tackling the Workforce/Middle Income market segment.
Albert Luong
Director
Barclays Capital
Alan Jaffe
Managing Director
Jefferies LLC
Ellen Duffy
Sr. Vice President for Debt Issuance and Finance
New York City Housing Development Corporation
Thomas Bryan, CPA
Chief Financial Officer
Colorado Housing and Finance Authority
12:00 pm
2020 Lifetime Achievement Award Presentation
— Ellen Duffy, New York City Housing Development Corporation
12:15 pm
JAZZ MUSIC INTERLUDE
Main Stage
SPONSORED BY: HILLTOP SECURITIES
1:30 pm
BY THE NUMBERS — HOUSING TECH TALK
Looking at key housing market indicators such as pricing spreads, bond yields, rates and MBS specified pools, panelists will take a deep dive on the numbers. What's the cost of call options, and how should their benefit be analyzed?
Kevin Cavin, CFA
Managing Director, Head of Mortgage Strategy
Stifel
Mahesh Swaminathan, CFA
Managing Director, MBS/ABS Strategist
Hilltop Securities
Benjamin Madorsky
President
CfX Incorporated
2:00 pm
WHAT'S NEXT?
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.
Terence Smith
CEO
Smith’s Research & Gradings
2:30 pm
MULTI-FAMILY HOUSING
Although there are great pressures on the affordable multi-family housing segment, housing agencies and their bond programs have a stable outlook — in fact, there is tremendous demand for multi-family paper. Panelists will discuss trends in multi-family housing, programs and innovative tools being used to meet market needs.
Mikiyon Alexander
Senior Director, U.S. Public Finance
Fitch Ratings
Richard Froehlich
First Executive Vice President and Chief Operating Officer
New York City Housing Development Corporation
Christopher Moriarty
Managing Director
Stifel
3:00 pm
COFFEE NETWORKING BREAK
3:30 pm
A VIEW FROM THE BUYSIDE
Buyers have a variety of reasons and ways of investing in the housing sector — including taxable, tax-exempt, return on investments, distressed situations, and social good. Panelists will discuss how housing investments fit into their portfolio and the buyside perspective on the sector.
Kevin O'Brien
Vice President, Fixed Income Trader
Sit Investment Associates
Ellen Rossi
Senior Director, Muni Portfolio Research
Nuveen Asset Management
Barbara VanScoy
Fellow
Heron Foundation
Kurt van Kuller, CFA
Portfolio Manager
Sit Investment Associates
4:00 pm
NEW DEVELOPMENTS IN MULTIFAMILY HOUSING: CDFIs
Community Development Financial Institution (CDFI) bond issuance has generated much interest in the past year. These private financial institutions are new issuers of taxable housing bonds to help achieve affordable housing goals for low-income communities.
Rene Moreno
Independent
Rodrigo Vela
Chief Financial Officer
Raza Development Fund
Alán Bonilla
Director
S&P Global Ratings
Alan Hoffman
SVP & CFO
Century Housing
Peter Cannava
Managing Director
Wells Fargo Securities
4:45 pm
COCKTAILS AND ENTERTAINMENT
SPONSORED BY: MINTZ
SPONSORED BY: BANK OF AMERICA SECURITIES
5:45 pm
CONFERENCE ADJOURNS
