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Napa, California

Webinar

Smith's Affordable Housing Finance Conference

November
18
19
,
2021
Thursday
November
18
19
Time
8:30 am
Time
8:30 am
 – 
12:00 pm
Venue
Silverado Resort

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

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.

Terence Smith

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

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Don't miss our Latest publication insights!

Smith's Research & Gradings focuses on the people, sectors and news that matter the most to you. Smith's analysis is an indispensable part of Wall Street and the world's capital markets. Our approach was inspired by the need for a consistent analytical approach across all asset classes. Smith's Gradings are a time-tested, performance proven, and principles-based approach to risk. We go beyond the numbers to connect the dots for the world's decision makers. We can enhance the performance of investments in assets around the globe, while helping to ensure the safety of portfolios here at home.

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