Developing Affordable Housing in a Cost-Conscious Environment


Wednesday, November 7: 1:45pm – 3:00pm

Join us as industry experts reflect on efforts to contain costs in an environment where costs are rising, program requirements are growing, and dollars are scarce.


Session Materials:

There are no presentations available to view/download for this session at this time.


Room Number:

A210-A212


Moderator:

Kevin Nowak, CHN Housing Partners
Kevin J. Nowak joined CHN in April 2016 as General Counsel and Director of Strategic Initiatives. Kevin is a leader and problem solver, who can address the most complex issues with comprehensive and creative solutions and has the ability to bring diverse stakeholders to the table through a partnership oriented approach. In his role as General Counsel, Kevin focuses on risk management across CHN's disciplines with a goal of protecting CHN's assets in a proactive manner. In his role as Director of Strategic Initiatives, Kevin develops and leads strategic initiatives that address CHN's double bottom line of mission and financial sustainability. Prior to joining CHN, Kevin was the National Equity Investment Manager of Key Community Development Corporation, a wholly owned subsidiary of KeyBank. In his position, Kevin was responsible for both the new acquisition of community development investments and the asset management of KCDC's $1B investment portfolio. Kevin's experience in community and economic development includes the full spectrum of deal structuring and financing, including tax credit and non-tax credit financed affordable housing, projects financed with new markets tax credits, historic tax credits and energy tax credits, investments in small business investment companies, CDFIs and civic loan funds and equity equivalent finance. Prior to joining Key, Kevin was an associate in the commercial real estate practice of Thompson Hine LLP, a national law firm based in Cleveland. During his time at Thompson Hine, Kevin represented a wide variety of clients from small developers to national REITs to privately and publicly held corporations in the acquisition, disposition, development, construction, asset management and financing of their real estate assets. Kevin is actively involved in affordable housing industry and advocacy groups and is a frequent speaker on affordable housing and community development issues. Kevin earned his B.A., Phi Beta Kappa, in Political Science and History from the University of Michigan '02 and J.D. from the University of Michigan Law School '05.


Speakers:

Brian McGeady, MVAH Partners
Brian McGeady guides the short and long-term acquisition and development activities of the Multifamily Division and oversees the LIHTC operation in 15 states. Under McGeady's leadership over the past 8 years, the Affordable Housing Division of Miller-Valentine has produced an average of nine, 9% tax credit allocations. MV has also been ranked in the Top 15 in the Affordable Housing Finance Magazine's Top 15 developers for each of the last 5 years, including reaching #3 in 2017. He oversees a team that has developed apartment communities in the following states: Ohio, Illinois, Indiana, Iowa, Georgia, Kansas, Kentucky, Michigan, Missouri, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas and West Virginia. Brian is responsible for the strategic planning, acquisitions, development process, feasibility analysis and the creation of strategic housing partnerships with both non-profit and for-profit organizations. Product types include senior communities, multifamily and single family homes financed with both 9% and 4% credits. His expertise includes the development of new construction, rehabilitation, and adaptive reuse properties into affordable housing. In 2004 through 2005, he spent almost two years with Paramount Financial Group, underwriting tax credit properties- involved in more than $150 million of equity investment. Over the past five years, he has closed 70 plus tax credit developments. Brian joined Miller-Valentine Group's Multifamily Division in 1999 and returned to the company in 2005.

Joe Pimmel, Ohio Capital Corporation for Housing
Mr. Pimmel has over 20 years of experience with OCCH working on Low Income Housing Tax Credit developments. He supervises the Development Team who provide technical assistance and support to for-profit and non-profit developers of affordable housing. The Team works with developers to conceptualize projects and apply for funding, provides the due diligence and initial underwriting for the Fund Management team to make investment decisions, and manages relationships with partners through the development process. Mr. Pimmel also develops programs, oversees funding decisions, tracks partner progress, and provides other support to the President for the organization's philanthropic arm, the Ohio Capital Impact Corporation. Grants support activities and programs that improve economic, educational, and health outcomes for residents and that support the initiatives of key OCCH partners. In addition, Mr. Pimmel serves a policy role representing the organization with the Ohio Housing Finance Agency, the Ohio Housing Council, and many other industry organizations. Mr. Pimmel has an undergraduate degree from Washington University in St. Louis and a Masters in City and Regional Planning from the Ohio State University.

Yanitza Brongers-Marrero, Moody Nolan, Inc.

Ryan Landi, Testa Companies