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New York City Affordable Housing Summit

Name: New York City Affordable Housing Summit
Start: 2022-08-11T08:00:00-04:00
End: 2022-08-11T12:30:00-04:00
Location: NY Marriott Downtown

What to Expect After 421a, Public-Private Partnerships & Financing New Affordable Projects

Event Ended On: Thursday August 11 2022

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Speakers and Panels

State of NYC Affordable: Development Pipeline & Target Neighborhoods

Hot Spots for Affordable Housing Developments

Pamela West

Managing Director, Impact Investing, Nuveen

Andy Cohen

Managing Director, BRP Companies

Basha Gerhards

Senior Vice President of Planning, Real Estate Board of New York (REBNY)

Louise Carroll

A well-known figure in New York City's affordable housing community, Louise Carroll has the depth of experience to steer clients through the financial and legal complexities of affordable housing and mixed-income housing projects. With a distinguished career in public service that spanned over 20 years, including a tenure as commissioner of the New York City Department of Housing Preservation and Development (HPD) and chair of the New York City Housing Development Corporation (HDC), the city's bond issuer, Louise has a keen understanding of the policies and processes that developers and project owners must navigate. Clients benefit from the knowledge and tools that Louise acquired throughout her years in public service, during which she earned a reputation as a highly effective agent of change. She served for nearly 15 years in HPD, working to produce and preserve affordable housing across New York City. Appointed as HPD commissioner and chair of HDC by former Mayor Bill de Blasio in May 2019, Louise managed over 1 billion dollars in city and federal funds to finance one of the most significant and complex affordable housing plans in the country. During her tenure, she pushed the plan's goal of 300,000 units ahead of schedule by two years. Prior to leading HPD, Louise developed a deep understanding of the affordable housing framework while holding several leadership positions there, including assistant commissioner for inclusionary housing and associate commissioner for housing incentives. In these positions, she worked to craft changes to New York City's tax programs to achieve greater affordability. Additionally, she led the team as one of the chief architects in designing and implementing the city's Mandatory Inclusionary Housing Program to require the creation of permanently affordable housing in conjunction with residential rezonings and streamlined the Voluntary Inclusionary Housing Program to increase production.

Katten Muchin Rosenman LLP

Partner

Louise Carroll

Partner, Katten Muchin Rosenman LLP

Moderator

Daniel Bernstein

Member, Rosenberg & Estis

Financing Affordable Housing: Making the Equation Work

Capital Markets Outlook

Jessica Yoon

Senior Director, L+M Development Partners

Jenny Wu

Managing Director, Development, Jonathan Rose Companies

Raymond Li

Senior Mortgage Banker, KeyBank

Rob Wrzosek

President – Affordable Strategies, NewPoint Real Estate Capital

William Russo

William Russo is CPC’s Senior Vice President, Chief Investment Officer. In this role, he provides leadership and partnership to all of CPC’s business lines in assisting the development and execution of the company’s strategic goals and the growth of its impact. This includes managing the analysis around investments and funding opportunities and partnering with the Finance department on the analysis of revenue enhancing and cost saving opportunities. Russo also works collaboratively with the Chief Financial Officer to guide the company’s finance objectives and capital raising strategies, as well as advising its Capital Allocation Committee and Board of Directors. Russo joined CPC in April 2018 as Senior Vice President, Capital Strategies where he was responsible for driving the company’s capital raising efforts. Prior to joining CPC, he served as Managing Director in the Restructuring and Transaction Advisory Services group at Berkeley Research Group (FKA Capstone Advisory Group), an advisory firm specializing in restricting and transaction advisory, forensic and litigation consulting, and valuation services. In that role, he functioned as both a company-side advisor and lender-side advisor in pharma, assisted living, manufacturing, homebuilding and real estate in activities related to debt repayments, bankruptcies, bankruptcy emergence and turnarounds. Russo also worked in close collaboration with, or directly managed, the efforts of financial analysts. While at Capstone, Russo was part of the team that was retained by CPC from 2011 to 2014 to advise the company during its restructuring and recapitalization. Russo has also served in similar roles in financial and economic analysis and consulting at Citigroup Corporate and Investment Bank as well as PricewaterhouseCoopers LLP. Russo received his Bachelor of Science in Accounting and Finance from Syracuse University, School of Management. He is also a member of the Association of Insolvency and Restructuring Advisors.

The Community Preservation Corporation

Senior Vice President, Chief Investment Officer

William Russo

Senior Vice President, Chief Investment Officer, The Community Preservation Corporation

Moderator

Jeet Gulati

Associate, Windels Marx Lane & Mittendorf

What's Next After 421a? Emerging Tax Incentives for Affordable Housing Developments

How to Incentivize Affordable Developments after 421a?

Steve Krasman

COO, Slate

Jordan Barowitz

Vice President, Durst

Brett Gottlieb

Brett J. Gottlieb is partner in Herrick's Real Estate Department where he represents real estate owners, lessees and developers in the application process for New York City’s real property tax incentives including 421-a, ICIP/ICAP and FRESH. Brett counsels clients regarding their property tax benefit applications with respect to project eligibility, benefit calculation, benefit planning and implementation of the exemption or abatement of real property tax in the City of New York. For the Industrial Commercial Abatement Program (ICAP), Brett counsels owners, developers, architects and contractors on the ICAP Rules and Law pertaining to applications submitted to the New York City Department of Finance. Additionally, he advises on the Equal Employment Opportunity and Minority/Women Business Owned Enterprise (M/WBE) requirements included within Executive Order 50 of 1980, Executive Order 94 of 1986, Local Law 67 of 2008 and Local Law 102 of 2018 as they pertain to ICAP project before the Department of Small Business Services, Division of Labor Services. Brett's experience with the 421-a Partial Tax Exemption Program and its successor Affordable New York (421-a(16)) includes counseling clients on project eligibility, rent stabilization, dwelling unit stacking, affordable unit proportionality, building measurement, benefit planning and calculation. Brett assists owners and managing agents with the submission of initial and annual rent registrations to the Division of Homes & Community Renewal (DHCR). For the FRESH Program, he counsels clients on the tax incentive benefit, core application submission, benefit calculations and various program requirements and restrictions. Brett also prepares attorney opinion letters including tax projections for ICAP, 421-a and FRESH. He also counsels lenders and purchasers as part of the due diligence and underwriting and underwriting requirements. He counsels both landlords and tenants with regards to property tax incentive clauses in leases. Before joining Herrick, Brett was a partner at Tuchman, Weiss, Liebman & Lindemann, LLP.

Herrick Feinstein

Partner

Moderator

Brett Gottlieb

Partner, Herrick Feinstein

Impact of Rising Rents & Inflation on Affordable Housing

Macro Economic Impact Outlook on NYC's Affordable Housing Outlook

Kimberly Darga

Deputy Commissioner for Development, NYC Department of Housing Preservation & Development

Sara Myerson

Managing Director, Acquisitions, MSquared

Sean Campion

Director of Housing and Economic Development, Citizens Budget Commission

Rosibel Tavares

Account Manager, NYC Accelerator

Ilya Weinstein

VP, Bellwether Enterprise Real Estate Capital, LLC

Moderator

David Farino

Assistant VP, Account Manager, NFP

Venue

NY Marriott Downtown
85 West Street At, Albany St.
New York, NY 10006 (Entrance is on West St)

Ballroom: Financial Ballroom

Parking Information:

The hotel offers valet only at a $65/day rate. There are also many surrounding garages for self-park options

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Agenda

Time	Activity
8:00 AM 9:00 AM	Coffee, Breakfast & Networking
9:00 AM 9:45 AM	State of NYC Affordable: Development Pipeline & Target Neighborhoods 1. Target Neighborhoods: Which boroughs are leading the way with new developments? 2. How are NYC's supply and demand dynamics evolving?
9:45 AM 10:30 AM	Financing Affordable Housing: Making the Equation Work 1. How is the access to equity and the need for debt changing. How is this impacting deal structure? 2. How can developers maximize revenue while having to keep rent prices affordable?
10:30 AM 10:45 AM	Networking
10:45 AM 11:15 AM	What's Next After 421a? Emerging Tax Incentives for Affordable Housing Developments 1. What is next for incentivizing affordable housing developers after 421a? 2. Insight into improving public-private partnerships.
11:15 AM 12:00 PM	Impact of Rising Rents & Inflation on Affordable Housing 1. How are rents being regulated amidst the increase in costs with inflation?
12:00 PM 12:30 PM	Networking

Why This Matters

What you'll learn:

Get a better understanding for the future of 421a in New York City and how this impacting public-private partnerships in New York City.
Understand where new housing developments are being produced and which boroughs are target areas for developers and the city.
Closer look at the capital stack for affordable housing financing and how debt is being sourced.
How is the affordable housing sector being impacted by rising rental rates and inflation?
How are low incoming house tax credits evolving and how does this impact developer incentives to deliver new affordable projects?

How you'll do more business:

Enhance your business and network by hearing from New York City's top affordable housing developers, city officials, affordable housing advocates and lenders. Gain insight into the future of 421a, public-private partnerships, financing affordable deals and the impact of rising rental rates.

Who attends: Developers, landlords, investors, lenders, banks, brokers, lawyers, accountants, city officials and consultants.

Why should you attend:

Bisnow events bring together the biggest power players in the industry to identify opportunities, build your network, and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than us.

For questions, recommendations, comments, or press inquiries please email our New York Events Producer, Chris Picher at chris.picher@bisnow.com.

Our Commitment to Safety

We hosted more than 72,000 attendees live, in-person around the globe in 2021. Our commitment to safety is no different in 2022. Our events follow all local Covid-19 regulations and protocols.

At this event, this means you can expect:

Enhanced sanitization protocols will be adhered to throughout the event space including regularly disinfecting surfaces throughout the event and hand sanitizer provided to all attendees.

As venue and local regulations evolve, the CRE industry continues to lead the way forward. As such, we will gather safely to do what we do best: network, connect, and engage to do more business. We look forward to hosting you soon.

Call:	202-684-2034
Email:	eventregistration@bisnow.com

Interested in sponsoring an event? Contact advertising@bisnow.com

New York City Affordable Housing Summit

What to Expect After 421a, Public-Private Partnerships & Financing New Affordable Projects

Speakers and Panels

State of NYC Affordable: Development Pipeline & Target Neighborhoods

Hot Spots for Affordable Housing Developments

Pamela West

Andy Cohen

Basha Gerhards

Louise Carroll

Daniel Bernstein

Financing Affordable Housing: Making the Equation Work

Capital Markets Outlook

Jessica Yoon

Jenny Wu

Raymond Li

Rob Wrzosek

William Russo

Jeet Gulati

What's Next After 421a? Emerging Tax Incentives for Affordable Housing Developments

How to Incentivize Affordable Developments after 421a?

Steve Krasman

Jordan Barowitz

Brett Gottlieb

Impact of Rising Rents & Inflation on Affordable Housing

Macro Economic Impact Outlook on NYC's Affordable Housing Outlook

Kimberly Darga

Sara Myerson

Sean Campion

Rosibel Tavares

Ilya Weinstein

David Farino

Venue

Agenda

Why This Matters

Sponsors

Our Commitment to Safety

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