California State Housing Director to Address Affordable Housing Challenges, Opportunities

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Ben Metcalf to Deliver Keynote Speech on LIHTC at Novogradac 2016 Affordable Housing Conference

Enacted in 1986, the Low-Income Housing Tax Credit (LIHTC) program has been one of the most enduring and effective tools for financing the development and preservation of affordable rental housing. Over the past 30 years, the LIHTC has produced more than 2.8 million affordable rental homes for veterans, seniors, homeless people, people with special needs, working families and other low- and moderate-income Americans. Ben Metcalf, director of the California Department of Housing and Community Development, will share his vision on how the LIHTC can continue to address the nation’s affordable housing crisis during his keynote speech May 26 at the Novogradac 2016 Affordable Housing Conference in San Francisco.

“We’re honored that Ben Metcalf will speak to the affordable housing community at our conference next month,” said Molly O’Dell, CPA, conference chairwoman and partner of Novogradac & Company LLP’s San Francisco office. “He is an innovative leader who not only understands the need for more affordable housing, but who has first-hand experience using important state and federal incentives that can make affordable housing developments feasible.”

Before his appointment as director of the California Department of Housing and Community Development, Metcalf was the deputy assistant secretary in the Office of Multifamily Housing Programs at the U.S. Department of Housing and Urban Development (HUD). Metcalf served previously at HUD as senior advisor to the commissioner and assistant secretary of housing and as senior advisor to the deputy assistant secretary for Multifamily Housing Programs. Before joining HUD, Metcalf was a project manager at BRIDGE Housing Corporation, a research associate at the Center for Court Innovation and a development associate at Common Ground Community.

The Novogradac 2016 Affordable Housing Conference will be at the Westin St. Francis in San Francisco, May 26-27.

The two-day event will feature a multi-track agenda that is tailored to attendees’ level of expertise, including a beyond basics track, a technical track and a hot topics track. Panel topics include the developer-syndicator relationship, LIHTC eligible basis issues, LIHTC acquisition/rehabilitation issues, affordable housing debt products, combining LIHTC and Rental Assistance Demonstration (RAD) transactions and more. In addition, there will be three pre-conference workshops May 25–LIHTC 101: The Basics, LIHTC 202: Year 15 Overview and LIHTC 301: Advanced LIHTC Financing.

The conference is co-hosted by Dentons and Richmac Funding LLC, a Richman Group Company. Sponsors include Pillsbury Winthrop Shaw Pittman LLP; Prudential; Squire Patton Boggs; Hunt Mortgage Group; City Real Estate Advisors; Alden Torch Financial; Berkadia; ARA A Newmark Company; Candeur Group; Enterprise and Bellwether Enterprise; JLL; Love Funding; R4 Capital; Wentwood Capital Advisors; WNC & Associates; Deutsche Bank; Low Income Housing Corp.; Stifel, Nicolaus & Company, Incorporated; and SVN Affordable | Levental Realty. Exhibitors include Century Housing, RightSource Compliance and CMR Risk & Insurance Services Inc.

Conference details and the complete conference agenda can be found at

About Novogradac & Company LLP
Novogradac began operations in 1989 and has since grown to more than 500 employees and partners with offices in San Francisco, Walnut Creek and Long Beach, Calif.; Dover, Columbus and Cleveland, Ohio; St. Louis; Boston; New York; Chicago; Austin, Texas; Portland, Ore.; Naples, Fla., Raleigh, N.C.; Iselin, N.J.; and the greater metropolitan areas of Philadelphia; Washington, D.C.; Atlanta; Detroit; Kansas City, Mo.; and Seattle.

Specialty practice areas include tax, audit and consulting services for tax-credit-assisted affordable housing, community revitalization, rehabilitation of historic properties and renewable energy. Other areas of expertise include business valuation, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.

For more information about the Novogradac 2016 Affordable Housing Conference, please contact Alex Bernard at (415) 356-7970 or by email at events(at)novoco(dot)com.

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