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Navigating Sacramento’s Evolving Multifamily Market

Discussing Developments, Investments, Market Trends and Challenges, and Shifting Residential Demands

John Vignocchi

John Vignocchi

Founder & Managing Partner

Urban Capital

Ardie Zahedani

Ardie Zahedani

Partner

St. Anton Communities

Trisha Malone

Trisha Malone

President and Chief Investment Officer

Anton DevCo

Steve Waldron

Steve Waldron

Principal

ArchitectsLocal

Burke Bair
Moderator

Burke Bair

Principal

AC Martin

John Vignocchi

Founder & Managing Partner

Urban Capital

John Vignocchi grew up in Santa Barbara, CA and graduated cum laude from Cal Poly San Luis Obispo with a B.S. in Business Administration and Minor in Economics. After graduation he moved to San Francisco with his wife Kaitlyn, and in 2019 he moved to Sacramento, Kaitlyn’s hometown, where he founded Urban Capital. John began his career as an analyst in Piper Jaffray’s Technology & Clean Tech investment banking team. In 2011 he joined SunEdison and was promoted to be the CFO for their North American Utility and Distributed Generation business unit where John helped manage a $2 billion solar development portfolio. Prior to founding Urban Capital, John worked for Tom Siebel at C3.ai (NYSE: AI) where he sold enterprise AI and machine learning software applications to Energy and Manufacturing companies.

Trisha Malone

President and Chief Investment Officer

Anton DevCo

Trisha Malone leads the company’s investments in new and existing projects, manages the financial operations of Anton DevCo and is chair of the Executive Committee. She is responsible for investment and financial strategies including property acquisitions, dispositions and capital raises and has executed the repositioning of 5,500 units in Anton’s portfolio. Since joining the Anton team in 2000 she has structured over $3.0B of debt and equity for new development projects and the repositioning of existing assets through GSEs, banks, cities, local agencies, individuals and institutions. Malone also has a long history working with the intricacies of affordable housing bond financing for mixed-income (80/20) and fully affordable apartment housing.

Malone began her career in public accounting where she gained experience in both tax and audit with a focus on real estate and non-profit clients.

Burke Bair

Moderator

AC Martin

Burke brings 25 years of professional experience in residential and commercial architecture throughout California, Arizona, Utah, and Idaho with design expertise in rental apartments, infill development, small lot cluster homes, townhomes, and single-family development. His expertise lies in business development, contracts, budgeting, design, and project management. Burke received a Bachelor of Arts degree in business management from the University of Phoenix.

Building a Better Future: Making Housing Affordable

Overcoming Development Challenges, Financing, Policies, Funding, and Innovative Solutions that Prioritize the Need

Katherine McFadden

Katherine McFadden

VP, Northern California Development

Jamboree Housing

Sean Spear

Sean Spear

President & CEO

Community HousingWorks

Charles Liuzzo

Charles Liuzzo

Director, Real Estate Development

Eden Housing

Drew Sense

Drew Sense

EVP and General Manager

Deacon Construction

Renner Johnston
Moderator

Renner Johnston

President

Mogavero Architects

Katherine McFadden

VP, Northern California Development

Jamboree Housing

From her early beginnings in the affordable housing sector to her leadership roles today, Katherine McFadden has consistently exemplified commitment and expertise. Beginning her journey in 1995, Katherine embarked on her career at the California Tax Credit Allocation Committee (TCAC) in Sacramento. As temporary staff, she was instrumental in assisting the TCAC staff, management, and applicants with both 4% and 9% Low Income Housing Tax Credit Applications, in addition to handling Compliance Reporting.

Fast forward to today, and Katherine now leads as the Vice President for Northern California at Jamboree Housing, a pivotal role in one of the region's premier endeavors to provide unparalleled affordable housing and vital services. Her career tapestry is woven with varied experiences, each adding depth to her understanding of housing sectors.

At Jamboree, Katherine not only shapes strategic directions but also plays an integral role in developing, financing, and managing affordable housing initiatives across Northern California. Her deep-seated understanding of housing finance intricacies combined with strategic vision ensures the seamless realization of housing projects.

Her tenure as Vice President of Housing Development at Domus Development bore witness to her unmatched proficiency. Here, she was central to the development and financing of nine significant affordable housing properties throughout California, collectively valued at $225 million. Yet, this wasn't her inaugural large-scale initiative. During her tenure as the Finance Director for USA Properties Fund, Inc., Katherine orchestrated a remarkable $500 million in debt and equity financing, spearheading the development of over 6,000 multifamily rental housing units across California and Nevada.

From her early beginnings in the affordable housing sector to her leadership roles today, Katherine McFadden has consistently exemplified commitment and expertise. Beginning her journey in 1995, Katherine embarked on her career at the California Tax Credit Allocation Committee (TCAC) in Sacramento. As temporary staff, she was instrumental in assisting the TCAC staff, management, and applicants with both 4% and 9% Low Income Housing Tax Credit Applications, in addition to handling Compliance Reporting.

Fast forward to today, and Katherine now leads as the Vice President for Northern California at Jamboree Housing, a pivotal role in one of the region's premier endeavors to provide unparalleled affordable housing and vital services. Her career tapestry is woven with varied experiences, each adding depth to her understanding of housing sectors.

At Jamboree, Katherine not only shapes strategic directions but also plays an integral role in developing, financing, and managing affordable housing initiatives across Northern California. One example is the successful transformation of a former hotel into the vibrant community known as Vista Nueva that is changing lives. Her deep-seated understanding of housing finance intricacies combined with strategic vision ensures the seamless realization of housing projects.

Her tenure as Vice President of Housing Development at Domus Development bore witness to her unmatched proficiency. Here, she was central to the development and financing of nine significant affordable housing properties throughout California, collectively valued at $225 million. Yet, this wasn't her inaugural large-scale initiative. During her tenure as the Finance Director for USA Properties Fund, Inc., Katherine orchestrated a remarkable $500 million in debt and equity financing, spearheading the development of over 6,000 multifamily rental housing units across California and Nevada.

Katherine’s engagements with public entities like the California Housing Finance Agency (CalHFA) and the Sacramento Housing & Redevelopment Agency (SHRA) are a testament to her expertise in public finance and real estate development. Her efforts with CalHFA rejuvenated and expanded affordable housing portfolios statewide, while her role at SHRA catalyzed significant affordable housing ventures that culminated in an impressive $85 million in funding. At SHRA, Katherine worked closely with Jamboree on the renovation of the Hotel Berry which is one of her most rewarding affordable housing projects to date, With contributions to non-profit entities like the Tenderloin Neighborhood Development Corporation (TNDC) and LIFESTEPS, and her for-profit experiences, Katherine presents a holistic and comprehensive approach to housing development.

A graduate of Westmont College, Katherine further enhanced her academic credentials with Pre-MBA coursework from California State University Sacramento. Her commitment to sustainability is evident from her certification as a Green Building Professional from Build It Green. Outside of work, Katherine enjoys cooking, music, art and watching her youngest son play baseball.

In the evolving domain of housing, Katherine McFadden remains a paradigm of expertise and dedication, synergizing her extensive public and private experiences to ensure Northern California's residents have unfettered access to quality, affordable housing.

Sean Spear

President & CEO

Community HousingWorks

Sean is the President & CEO of Community HousingWorks.

Sean has served as a top local and state government leader in successive community development roles in the cities of New York, San Francisco, Los Angeles, and in Sacramento for the State of California.

Prior to joining Community HousingWorks in 2020, Sean was the Assistant General Manager at the Los Angeles Housing + Community Investment Department where he was responsible for leading its housing production efforts and directing the operations of its Housing Development Bureau. The Bureau facilitates the financing of housing development projects with its business and community partners, leveraging its resources to the maximum benefit of the City’s residents and neighborhoods.

Sean was formerly the Managing Director with Hunt Mortgage Group where he consulted on the acquisition, development, financing and execution of affordable housing development transactions, and originated new debt and equity executions. He also most notably served as the Executive Director of the California Debt Allocation Committee (CDLAC) from 2009-2015, administering the $3.8 Billion private activity bond program for California. Sean brings additional private sector experience from his time with Fannie Mae; then providing housing development and public financing resources across the Western United States. Throughout his career he has developed both new project financing structures (especially for affordable housing preservation), as well as designed and implemented billion dollar governmental programs with the goal of building better communities for those in greatest need. Sean holds both graduate and undergraduate degrees from Cornell University, and is a member of the invitation-only Lambda Alpha International Society for Land Economics.

Renner Johnston

Moderator

Mogavero Architects

For 25 years, Renner Johnston, has been a leader in sustainability and committed to excellence in design. He holds degrees in philosophy and architecture. He was recently named President of Mogavero Architects, an award-winning firm in Midtown Sacramento. He has designed thousands of multifamily residences and many mixed-use buildings. For many years, he taught “Green Architecture” for UC Davis Extension. He is a member of the AIA, recently served as a mentor for ULI’s Young Leaders Group and loves riding “gravel” on the weekends.

Keynote: Mayor Steinberg on Sacramento's Housing Market

Darrell Steinberg

Darrell Steinberg

Mayor

The City of Sacramento

Darrell Steinberg

Mayor

The City of Sacramento

Darrell Steinberg is the Mayor of Sacramento and was the Senate President pro Tempore in the California Legislature. He is one of Sacramento’s most accomplished public servants, serving the Sacramento community for over 20 years.

Steinberg represented California’s capital city in the California Legislature from 1998 - 2014, and was the first Sacramentan to serve as President of the Senate in over 125 years. Steinberg earned a reputation for confronting seemingly intractable problems and delivering results for California through consensus-building.

Elected to the Senate in 2006, Steinberg became President pro Tempore in late 2008, at the deep end of the economic downturn when the state faced an unimaginable $42 billion deficit. Two years later, he was honored with the John F. Kennedy Profile in Courage award by the Kennedy Library Foundation in recognition of his leadership in bipartisan negotiations leading to the state’s fiscal recovery.

Throughout his entire career, Steinberg led the Legislature on numerous complex issues, including the 2009 and 2014 state water agreements, criminal justice reform, and reinvesting over a billion dollars in career technical education. He led the common-sense pension reform eliminating flagrant abuses of the system. He authored legislation to expedite the legal process for large-scale environmentally sustainable projects. Steinberg also teamed up with Republican lawmakers to eradicate frivolous lawsuits and improve the Americans with Disabilities Act while motivating businesses to accommodate disabled customers.

Steinberg has been a relentless advocate for mental healthcare, calling it “the under-attended issue in our time and in our society.” Heralded within the mental health community as the “most transformative figure mental health has ever seen,” Steinberg authored Proposition 63, the Mental Health Services Act, creating a one billion-dollar system for dynamic mental healthcare in California. He continued his work by fighting to fund 2,000 new mental health crisis beds in the 2014-2015 state budget. He also passed legislation to mandate insurance companies to cover treatment of children with autism and related disorders.

At the local level, Steinberg played a key role in Sacramento’s downtown revitalization, obtaining state funding for a new courthouse, which is expected to create 1,800 jobs for the city. Steinberg also fought for state monies for career pathways to connect high school students to 21st century jobs, delivering millions of dollars to Sacramento area schools in the first round of funding. Since assuming office in December 2016, Steinberg has made economic development, addressing homelessness and providing year-round paid internships to Sacramento’s high school students through a new initiative, Thousand Strong, the cornerstone of his administration.

In his short time in office, Steinberg has already positioned Sacramento to as potentially the first 5G city in the nation through a new public-private partnership with Verizon. Additionally, he has utilized his state experience and relationships to secure $64 million for homeless services and over $2 million to support Thousand Strong. He is just getting started.

Steinberg graduated from University of California, Los Angeles, where he earned a BA in economics, then earned a Juris Doctorate from UC Davis Law School. He went on to serve as an employee rights attorney for the California State Employees Association for 10 years before his work as an Administrative Law Judge and mediator. Steinberg served on the Sacramento City Council from 1992 to 1998, and as an Assemblymember from 1999 to 2004.

Steinberg and his wife, Julie, have two children – a daughter, Jordana, and a son, Ari.

What You'll Learn:

What You’ll Learn:

  • Understand the main challenges faced by Sacramento's top developers in developing multifamily and affordable housing units.

  • Discover the leading developments within Sacramento's multifamily market.

  • Examine how uncertain market conditions and the volatile economy have escalated the growing need for affordable housing, and learn what is being done by the city and affordable housing developers to meet the ever-increasing demand.

  • Explore the prominent design and amenity trends aimed at attracting residents in today's market.

  • Gain insights into the key trends in Sacramento's multifamily and affordable housing markets.

  • Find out in which areas within Sacramento developers are identifying the most promising opportunities to deploy capital.

How You’ll Do More Business: Sacramento’s multifamily and affordable housing markets have yet to fully recover from the economic volatility that has shadowed the nation for the past year. While numerous projects are under construction, significant challenges persist, slowing down developments. Join industry leaders as they delve deeper into how developers are overcoming economic challenges, creating a quality housing supply to meet the evolving needs of tenants, and addressing the ever-increasing demand for affordable housing.

Who You’ll Meet During Networking: Owners, developers, investors, brokers, city and government officials, business consultants, architects, engineers, lawyers, accountants, and bankers.

Why You Should Attend This Summit: Bisnow events bring together the biggest power players in the industry to help you 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 we do.

For questions, recommendations, comments, or press inquiries please email our event producer, Bora Altunay, at bora.altunay@bisnow.com

Venue

Kimpton Sawyer Hotel
500 J Street
Sacramento, CA 95814

Ballroom: Magnolia Ballroom, 2nd Floor



Valet parking:
First 2hrs: $15
Each additional 20 minutes: $3
Max: $40

Get Directions

Agenda

Time Activity
3:00 PM
4:00 PM
Breakfast & Networking
4:00 PM
4:45 PM
Navigating Sacramento’s Evolving Multifamily Market

Discussing Developments, Investments, Market Trends and Challenges, and Shifting Residential Demands

4:45 PM
5:00 PM
Networking Break
5:00 PM
5:20 PM
Keynote: Mayor Steinberg on Sacramento's Housing Market
5:20 PM
6:05 PM
Building a Better Future: Making Housing Affordable

Overcoming Development Challenges, Financing, Policies, Funding, and Innovative Solutions that Prioritize the Need

6:05 PM
6:35 PM
Closing Networking