Cost Controls and Other Strategies to Bolster NOI

Tuesday, November 7: 2:00pm – 3:30pm

With declining subsidies and increasing resident needs, the importance of cost control and revenue maximization has never been more important. Panelists will explore specific strategies to reduce cost and increase revenue in an effort to bolster NOI.

Session Materials:

Cost Controls and Other Strategies to Bolster NOI Presentations (1.60 MB Adobe PDF File)


Judy Weber, VIVA Consulting
Judy's practice spans a wide array of affordable housing organizational, property and asset management initiatives, from helping organizations figure out their optimal operating strategies to conducting nationwide research and teaching best practices. She also counsels both federal and state sponsored initiatives seeking greater efficiencies and effectiveness in their affordable housing policies and/or legislation. She has held interim executive leadership positions during periods of significant transition and provides organizational and process design services to affordable housing organizations as well. She is a Certified Property Manager® and teaches regularly for the Institute of Real Estate Management (IREM). She co-developed and teaches curriculum for the Certified Housing Asset Management (CHAM) designation program (sponsored by NeighborWorks®, LISC and Enterprise Community Partners) and teaches its courses at NeighborWorks® national training conferences and in place-based settings across the country.


Jack Howell, ION Energy Solutions
Jack Howell is the owner and Senior Managing Partner of ION Energy Solutions. In 2011-2013, Jack was the Chief Development and Underwriting officer for MultiFamily private Equity group Denton Floyd in Louisville Kentucky where he led the acquisition, development and underwriting on financing, budgets and proformas. Denton Floyd acquire 5,000 units and Jack also led the development of two $50M Student Housing projects at the University of Louisville. Jack has taken the Smart-Metering platform to Affordable MultiFamily properties that drives tremendous efficiencies. management and controls into the affordable housing space where savings easily reaches 30-50% on water and 20-30% on heating and cooling. Ion plans on being the base of design for affordable housing efficiency controls and management.

Geoffrey Lowe, McComack Baron Management
Mr. Lowe provides support, oversight and policy direction targeted at optimizing the physical operation of McCormack Baron Management's entire managed portfolio. His primary areas of focus include capital improvement oversight and budgeting, utility management, and national procurement of goods and services. Additionally Mr. Lowe develops staff training and development curriculum, preventive maintenance plans, bulk purchasing programs, and facilitates new community acquisitions and management transitions. He also coordinates and serves as a liaison with property owners who are undertaking large rehabilitation and major capital improvement projects. Mr. Lowe has over 20 years of experience in the construction, maintenance and performance of affordable housing and mixed-income properties. He most recently worked for the St. Louis Housing Authority where he served as Vice President and Director of Development for over ten years. His work with the Housing Authority resulted in over $280 million of new mixed income housing for the St. Louis region. He has experience with a broad range of public financing tools, their deployment and their compliance and reporting requirements in physical developments, including HUD capital funding, HUD operating subsidy, low-income housing tax credits, New Markets Tax Credits, CDBG, HOME, brownfield programs, and other local and state programs. In addition, he led the strategic planning process for the maintenance and improvement of over 3,000 public housing units, including conducting market studies, physical needs assessments, energy analyses, and cost estimates to develop a 20-year plan to ensure the long-term financial and structural viability of the properties. Mr. Lowe is a Professional Engineer licensed in the State of New York and the State of Missouri and an Envision Sustainability Professional from the Institute for Sustainable Infrastructure. He holds a Bachelor of Science in Civil & Environmental Engineering from Clarkson University in Potsdam, New York and has taken courses in Construction Law, Construction Estimating and Light Frame Construction.

Scott Villani, NRP Group LLC
Scott is responsible for overseeing all aspects of marketing and pricing for NRP's portfolio. He has 15 years of experience in the marketing and operations of multifamily properties, including previous career experience with Forest City Enterprises and AvalonBay Communities. Scott received a Master of Business Administration from the University of Maryland’s Robert H. Smith School of Business, and a Bachelor of Arts degree in Economics from Dickinson College.

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