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.
Smith's has served as the information portal for finance professionals at State and Local Affordable Housing Finance Agencies for 30 years, where they can access the latest accounting, legal, product and financial developments.
If it's important to you, it's a focus of Smith's Affordable Housing Finance Conference.
Sponsors
Gold Sponsor
Silver Sponsor
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Bronze Sponsor
Luncheon Sponsor
Dinner Co-Sponsor
Cocktail Sponsor
Breakfast Sponsor
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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.
Smith's has served as the information portal for finance professionals at State and Local Affordable Housing Finance Agencies for 30 years, where they can access the latest accounting, legal, product and financial developments.
If it's important to you, it's a focus of Smith's Affordable Housing Finance Conference.
Sponsors
Gold Sponsor
Silver Sponsor
Bronze Sponsor
Luncheon Sponsor
Dinner Co-Sponsor
Cocktail 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
Wednesday, March 13, 2024
8:00 am
REGISTRATION
CONTINENTAL BREAKFAST
Sponsored by:
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8:30 am
WELCOME
Terence Smith
Chairman & CEO
Smith's Research & Gradings
8:45 am
AFFORDABLE HOUSING MARKET OUTLOOK
Panelists will lay out the themes and national trends in the affordable housing sector for 2024. You will learn why municipal housing bonds may be the No. 1 performing sector this year. The discussion will include key credit factors such as technical supply and demand, higher interest rates, as well as access and affordability.
Joe Monitto (Moderator)
Director
BofA Securities
Ralph M. Perrey
Executive Director
Tennessee Housing Development Agency
Nora Wittstruck
Managing Director, Housing & Cross Practice Sector Leader
S&P Global Ratings
Paul Jungquist, CFA, CPA, CGMA,
Senior Vice President and Senior Portfolio Manager
Sit Fixed Income
9:30 am
FOCUS ON SINGLE FAMILY FOR INVESTORS
This session will focus on how the single family market looks in 2024 and what it takes to get a single-family deal done. Panelists will talk about how downpayment assistance, taxable bonds and tax credits are factoring into their programs to reach more people and attract more investors. We will also hear about single family refinancing programs and implications for lenders, investors and TBA.
Cory Hoeppner (Moderator)
Managing Director
RBC Capital Markets
Rachael McDonald
Associate Managing Director
Moody's Investors Service
Thomas Bryan, CPA
Chief Financial Officer
Colorado Housing and Finance Authority
Sandy Redd, CMB
Senior Finance Manager, Capital Markets
Virginia Housing Development Authority
Richard Arnott
Director, Single Family Affordable Lending, HFA Engagement
Freddie Mac
Damian Busch
Director
Barclays Capital Markets
10:30 am
COFFEE NETWORKING BREAK
11:00 am
LEGAL DEVELOPMENTS
Panelists will discuss the latest important legal issues such as compliance and reporting requirements. 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
Matt Page
Member
Mintz
12:00 pm
LUNCHEON
Sponsored by:
Lifetime Achievement Award for Housing
Ralph M. Perrey
Tennessee Housing Development Agency
2024 Industry Contribution Award:
Charles E. Carey
Mintz
1:30 pm
HOUSING BY THE NUMBERS
Looking at key housing market metrics such as pricing spreads, bond yields, rates and prepayment speeds, panelists will take a deep dive on the numbers.
Benjamin Madorsky
President
cfX Incorporated
Peter Clerc
Managing Director
Evercrest Advisors
Mitch Gallo
Director, Municipal Finance
Housing
RBC Capital Markets
2:00 pm
TRENDS IN 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.
Sammi Chhea (Moderator)
Senior Vice President
Jefferies
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
Paul Scola
Director of Finance and Bond Compliance
MassHousing
Ben Killion
Vice President
Wells Fargo
3:00 pm
COFFEE NETWORKING BREAK
3:15 pm
TAXABLE HOUSING
Panelists will discuss the use of taxable bond issuance to overcome the constraints of volume cap, high interest rates and the broken TBA market. The panel will include a discussion of CMBS vs the muni bond market.
Chris Moriarty
Managing Director
Stifel
Misty Dalke
Director
Raymond James
Ansel Caine
Vice President
Caine Mitter
4:00 pm
INNOVATIONS IN AFFORDABLE HOUSING FINANCE
The conversation will discuss innovations that might be considered to expand the use of bonds to finance affordable housing. These new types of affordable housing financings could be done without using tax credits and avoid using up precious volume cap. This really will be a panel where all things are considered.
Jeffrey Philps
Partner
Orrick
John Stoecker
Financial Advisor
California Municipal Finance Authority
Ian Parker
Managing Director
RBC Capital Markets
Christopher Shear
COO
McDowell Housing Partners
4:45 pm
DAY ONE CONCLUDES
6:00 pm
COCKTAIL RECEPTION
Island Veranda
Sponsored By:
7:00 pm
DINNER
Co-Sponsored by:
Thursday, March 14, 2024
8:00 am
REGISTRATION
CONTINENTAL BREAKFAST
Sponsored by:
8:45 am
WELCOME
CEO
Smith’s Research & Gradings
9:00 am
NEW CREDIT CONSIDERATIONS IN HOUSING
Panelists will discuss the importance of community development loans in light of the strong demand for affordable housing. The panel will look at how CDFIs meet the needs of working families, essential workers and the low income, as well as the credit characteristics of the institutions.
Karen Fitzgerald
Senior Director, Committee Chairperson
Fitch Ratings
Valerie D. White
Senior Executive Director
LISC NY | Local Initiatives Support Corporation
James Bason
President
Trufund Financial
10:00 am
COFFEE NETWORKING BREAK
10:30 am
DISSECTING HOW HOUSING BONDS ARE DONE IN TODAY'S MARKET
We'll hear from the front lines how dynamics work in the market when putting together a housing bond transaction. Panelists will discuss how participants work to get the best prices and the lowest cost of issuance; MRB vs TBA; how buyers view housing bond transactions; and we'll get a better understanding of why housing bonds may be the No. 1 performing sector this year.
Gregory Borys
Executive Director
Morgan Stanley
Mark Schmidt, CFA
Head of Municipal Strategy
Morgan Stanley
Bernadette MacArthur
Director of Finance
Rhode Island Housing
Joseph Lepinski, CFA
Municipal Bond Trader & Credit Associate
Sit Investment Associates
Taylor Ryan
Vice President
Morgan Stanley
11:30 am
WHAT'S AHEAD?
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
12:00 pm
CONFERENCE ADJOURNS
Registration Fees
$1,450 per person Standard Rate: (Broker/Dealer & Underwriting Firms, Sell-Side Firms, Commercial Banks, Financial Advisors, Attorneys, Credit Enhancers, Corporate Trust, Rating Agencies)
$750 per person Investor Rate: (Mutual Funds, ETFs, Hedge Funds, Asset Managers, Portfolio Managers)
$450 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 — $1,305 per person.
Groups of 3 or more Investors — $675 per person.
Groups of 3 or more Issuer/Governmental Rate — $405 per person.
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.
Marriott Sanibel Harbour Resort & Spa
17260 Harbour Pointe Drive
Fort Myers, Florida 33908
A block of rooms is being held for Smith's Research & Gradings at a rate of $379 per night (plus a reduced daily resort fee of $10/day) until Monday, February 12, 2024.
Please make your reservations soon by following this link: Reservations or by Calling 1 (800) 767-7777.
Note: When booking reservations, your confirmation may reference a Resort Fee of $25.00 and Self-Parking Fee of $20.00. These fees have been discounted and waived for our group. Resort Fee is discounted to $10 and Self-Parking Fee is waived.
