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
The need for affordable housing is driving demand for state and local housing finance agency products. Panelists will discuss market conditions, key credit concerns and the outlook for the affordable housing finance market.
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
This session will focus on programs and products used in today's Single Family market environment. Panelists will discuss how they are managing their programs and innovating products to meet customer and investor demands.
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
AGENCY CRITERIA AND POLICY CONCERNS
The session will provide an update on the GSEs. Panelists will discuss how the new federal mandates are being implemented, the federal outlook and the movement to end conservatorship.
Erin Quinn
Director HFA Engagement
Freddie Mac
Duane McCrobie
Senior Capital Markets Analyst
Ohio Housing Finance Agency
Cris White
Executive Director and CEO
Colorado Housing and Finance Authority
12:00 pm
LUNCH
2020 Lifetime Achievement Award Presentation
— Ellen Duffy, New York City Housing Development Corporation
SPONSORED BY: HILLTOP SECURITIES
1:00 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
Tom Kozlik
Director, Head of Municipal Strategy and Credit
Hilltop Securities
Benjamin Madorsky
President
CfX Incorporated
1:30 pm
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.
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
Christopher Donald
Interim Executive Director
District of Columbia Housing Finance Agency
2:00 pm
WHAT'S NEXT? SMITH'S ESGradingsTM
Since its inception in 1992, Smith's has been at the leading edge, incorporating ESG components and the subsequent impact on investments in our analytics. As a champion of the affordable housing market and with three decades of data and experience, Smith's will make the connection between ESG components such as climate risk, the social network of communities and governance, and a new approach to thinking about how projects can be developed and delivered.
Terence Smith
CEO
Smith’s Research & Gradings
2:30 pm
MULTI-FAMILY HOUSING
The demand for affordable multi-family housing continues to grow. Panelists will discuss market concerns, how the need is being met and what the investment community wants.
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
Matt Whoriskey, CFA
Investment Officer, Fixed Income Research Analyst
MFS Investment Management
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
Director
HilltopSecurities
Rodrigo Vela
Chief Financial Officer
Raza Development Fund
David Clower
Chief Investment 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
