Thursday, November 8: 9:30am – 11:30am
Join this roundtable for a lively discussion covering these topics: Are the HAP rents over market rents and will the investor require a transition reserve? What are the pay-down requirements when requesting a waiver on the due-on-sale clause of a post mark-to-market deal, and what timing issues does this cause to the project for closing? Discuss the new HUD requirements for equity pay-ins and limits on bridge loans, and what that does to equity pricing. How does increasing HUD's incentive performance fee affect the deal?
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Merydith Greene, Ohio Capital Corporation for Housing
Ms. Greene joined Ohio Capital Corporation for Housing (OCCH) in 2018 as Chief of Development. In this capacity, she is responsible for the strategic direction of OCCH's development department and ensuring its alignment within the strategic vision and mission of the organization. Prior to joining OCCH, Ms. Greene spent over 17 years with National Affordable Housing Trust where she held several management positions in development, originations and asset management. Ms. Greene is a Housing Credit Certified Professional (HCCP); Specialist in Housing Credit Management (SHCM); Housing Development Finance Professional (HDFP) and is currently working on the Certified Housing Asset Management (CHAM) designation. She holds a Bachelor of Science in Business Administration with a focus on Real Estate and Urban Analysis from the Ohio State University and a Communications and Professional Skills Executive Certificate from the Weatherhead School of Management, Case Western Reserve University.
Bob Rice, Community Development Trust
Mr. Rice is responsible for sourcing and closing of equity investments within CDT's Community Investment group. This primarily includes long-term investment in stabilized properties with a focus on economic viability and preserving affordability. He is based in Chicago, Illinois where he works on acquisitions throughout the Midwest. Mr. Rice most recently was a Senior Vice President within CDT's Debt group where he started as an Associate in 2004. Prior to joining CDT, Mr. Rice was Associate Director of the Chicago Mutual Housing Network, where he managed affordable housing development, training, and education activities. Prior to this he was a consultant with S. B. Friedman & Company, a Chicago-based real estate and development consulting firm. Mr. Rice has a BA in Urban Studies from DePaul University and an MA in Urban Planning and Public Policy from the University of Illinois-Chicago. Mr. Rice has also served as an Adjunct Professor, teaching Development Finance at the University of Illinois-Chicago.
Matt Shoemacher, Wallick Communities
Matt Shoemacher is Senior Vice President of Development at Wallick Communities. In this position, Matt is responsible for all affordable housing development activities from site/property selection through property stabilization in Kentucky, Indiana, Illinois and Missouri. Since joining Wallick Communities in mid-2010, Matt and his team have successfully developed 40 affordable housing properties utilizing low-income housing tax credits combined with various tax-exempt, taxable and governmental financing sources. Matt is also a member of the company's Executive Committee and Leadership Team. Prior to joining the company, Matt was Vice President of Development at The NRP Group LLC from 2004 through 2010 managing affordable and market-rate development activities in Texas, Virginia, North Carolina and South Carolina. Overall, he has managed the development process for over 7,000 units of multifamily housing representing over $900,000,000 in total project sources. Matt has a Bachelor of Arts in International Relations from The Ohio State University and completed his postgraduate studies in Political Geography and Development (Licence en Geographie et Amenagement) from the Universite Paris-Sorbonne.
Julie Creamer, Preservation of Affordable Housing
Julie Creamer is a Senior Vice President of Acquisitions for POAH. She focuses on project acquisition and redevelopment, including predevelopment assessment and budgeting, preconstruction analysis and programming, financial and project oversight. Previously she worked in POAH's development department overseeing major renovations throughout the portfolio. Before coming to POAH, Julie worked for Corcoran Jennison Companies as a project manager assigned to several mixed-income, ground up development projects. Before returning to graduate school, she worked as a sales manager and engineer in the HVAC design and construction field. Julie is a graduate of Case Western Reserve University with a degree in mechanical engineering, and earned a Master's of Science degree in Real Estate Finance and Development from the Massachusetts Institute of Technology.
Molly Ekerdt, Preservation of Affordable Housing
Molly Ekerdt is a Vice President in POAH's Chicago office where she leads POAH's underwriting and transaction structuring and serves as POAH's main staff contact for the organizations' recently-acquired Cincinnati portfolio. Molly has worked for POAH Chicago since 2011 as a project manager and senior project manager, and has been involved in new construction of affordable housing and complex rehabilitation efforts in Chicago's Woodlawn and Near West side neighborhoods. In previous positions she was Development Project Manager for the Planning Office for Urban Affairs, a non-profit developer affiliated with the Archdiocese of Boston and Community Services Director at City Vision Ministries, a community development corporation in Kansas City, Kansas. Molly holds a Bachelor's degree from Grinnell College and a Masterâ€™s degree in City Planning from the Massachusetts Institute of Technology.
Drew May, Columbus Metropolitan Housing Authority