Housing Experts Gather to Explore Issues Facing the Affordable Multifamily Rental Housing Industry

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Novogradac & Company LLP to Host Affordable Housing Tax Credit Conference May 17-18 in New Orleans

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Sessions will offer industry practitioners the opportunity to exchange ideas, hear about innovative approaches and developments, and learn how to complete projects despite challenging conditions.

Throughout its history, the Low-Income Housing Tax Credit (LIHTC) program has been the driver for the creation of thousands of affordable housing units each year, leveraging billions of dollars in funding. With this in mind, Novogradac & Company LLP and a host of other industry professionals will gather May 17-18 at its Affordable Housing Tax Credit Conference: Meeting the Challenges of 2012 to discuss the issues that affordable housing practitioners face. At a time when housing affordability is a top priority for many U.S. citizens, it is crucial that the industry explore ways to keep the LIHTC program operating at its highest level.

The conference will bring to the Ritz Carlton New Orleans a cross section of developers, policymakers, attorneys, lenders, syndicators, and local and state housing agency professionals who have first-hand experience with the complexities of LIHTC finance and development. LIHTC community experts will discuss and review debt and equity financing, examine investor appetite as well as alternative sources of funding, study Year 15 issues, including re-syndication and secondary sales markets, and examine the latest in HUD financing, deferred developer fees and more. After assessing the many and varied pieces of LIHTC development, panelists will put the puzzle together, walking conference participants through a few project examples.

“The two-tracked agenda, covering a host of industry issues, has something for everyone and features conversations from which we can all benefit,” says George F. Littlejohn, conference chairman and a partner in Novogradac & Company LLP’s Austin, Texas office. “Sessions will offer industry practitioners the opportunity to exchange ideas, hear about innovative approaches and developments, and learn how to complete projects despite challenging conditions. With its emphasis on the new investor, financing strategies, and passed and pending legislation, this event will help participants understand how the program works as well as how to make it work for them.”

Because who you know is often as important as what you know in this industry, ample time for networking has been built into the agenda. Conference-goers are invited to mingle during session breaks as well as at two networking breakfasts, have the option to attend a volunteer event on Thursday afternoon and are encouraged to close out Thursday evening at a reception held at the Ritz Carlton from 5 p.m. to 6:30 p.m.

For those attendees seeking CPE credit, the two-day event is worth 8 credits.

LIHTC 101: The Basics, a one-day workshop, will be held May 16. Offering a big-picture look at how affordable housing is developed and where the savvy practitioner fits in, the course will benefit program newcomers and veterans alike. Registration is separate and optional. Additional fees apply.

An LIHTC Property Compliance Workshop will be held concurrently with the conference. The May 17 and 18 workshop will inform and refresh those property managers who want to learn and understand low-income housing tax credit compliance issues and concerns.

The Affordable Housing Tax Credit Conference: Meeting the Challenges of 2012 is being co-hosted by SNR Denton; sponsors include Centerline Capital Group, Enterprise, Ginsberg Jacobs LLC, Stratford Capital Group, Polsinelli Shughart P.C., PNC Real Estate, Prudential Mortgage Capital Company, The Richman Group, Inc. and WNC & Associates Inc.

Conference details and the complete conference agenda can be found at http://www.novoco.com/events/lihtc/new_orleans/agenda.php.

Novogradac & Company LLP, a national certified public accounting and consulting firm headquartered in San Francisco, Calif., is consistently named by Accounting Today and Inside Public Accounting as one of the top 50 accounting firms in the country. Inside Public Accounting also named the firm one of the 25 best managed accounting firms in 2010 and the San Francisco Business Times has recognized it as one of only five companies that for five consecutive years has made its list of the Fastest Growing Companies in the Bay Area.

Novogradac & Company LLP has its headquarters in San Francisco, Calif., with offices in metro Atlanta, Ga., Washington, D.C., Detroit, Mich. and Kansas City, Mo., as well as in Austin, Texas; Boston, Mass.; Dover, Columbus and Cleveland, Ohio; Portland, Ore.; New York, N.Y.; Long Beach, Calif.; and, soon, Bellevue, Wash. The firm maintains clients in a broad range of industries with major emphasis in the real estate sector, providing publicly and privately held national and multinational enterprises with a full spectrum of audit, tax, valuation, trust and litigation support, computer consulting and general consulting services.

For more information about Novogradac & Company LLP’s Affordable Housing Tax Credit Conference: Meeting the Challenges of 2012, call Jane Bowar Zastrow at
415.356.8034, or e-mail jane.zastrow(at)novoco(dot)com.

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