Using Public-Private Partnerships for Housing Preservation & Neighborhood Revitalization
You'll learn about:
How to create, nurture, and sustain a successful public-private partnership to preserve affordable housing developments that promote neighborhood revitalization
Basic concepts related to planning, underwriting, and developing housing preservation projects
How to apply planning principles to housing preservation transactions
Resources and tools for advanced learning
Using the combined 100 years of experience of a four-person panel including a NYC based national lender/underwriter for affordable housing/community development, a planner/appraiser/market analyst/ real estate consultant (AICP), a NYC area Licensed Planner/Development Consultant, and an acquisition/underwriter for a equity syndicator specializing in housing preservation, this panel will discuss methods creating successful private public partnerships for preserving housing that act as a catalyst for neighborhood revitalization.
The goal will be to provide Planners with a basic understanding of how to create and sustain public private partnerships that foster neighborhood revitalization through housing preservation. Through the use of PowerPoint presentations and a full panel discussion planners will learn the essence of successful partnerships and through discussion of housing preservation case studies techniques gain an understanding of techniques for housing preservation. Provision of the PowerPoints and/or hand-outs will include links to specific standards, tools and resources from leading housing industry associations for more advanced learning.
, Community Development Trust
, New York
Invited SpeakerShelly Cleary represents the underwriter role. She is the Senior Vice President-Underwriting for the Community Development Trust. (CDT). https://www.cdt.biz/. CDT will represent a national investor in affordable housing that works with local, regional, and national partners to make long-term equity investments and to originate and purchase long-term mortgages. Throughout their 16 year history they meet their mission of preserving and expanding the supply of affordable housing while applying this extensive experience navigating the complexities of a broad array of multifamily transactions. Ms. Cleary heads up the Underwriting Department at CDT and manages its staff. Shelly's experience as an underwriter and acquisitions professional in affordable housing and community development across all types of preservation and revitalization projects brings both an extensive array of examples and issues to the panel. Shelly works out of CDT's NYC office so she provides the debt, local and underwriting perspective as well as a wealth of potential case studies since CDT is at the cross section of public private revitalization and preservation deals every day. Some of the most complex transactions/developments are located in the NYC metro area, many of which CDT has financed.
, The Metro Company, LLC
, Jersey City
Confirmed SpeakerStuart Portney, P.P, President, founded The Metro Company, LLC in 1988 and has over 35 years of planning, real estate, finance and development experience in both the public and private sectors. Mr. Portney manages and oversees the firm’s housing development and finance activities including: initial project planning; property identification; financial feasibility analyses; acquisition assistance; financial packaging; and the successful transition of projects from construction to operation. He has extensive real estate development experience, which encompasses: identifying opportunities for development of new affordable housing; selecting and supervising project architects, engineers, contractors and property managers; and working effectively with local government and various stakeholders to garner needed project support and entitlements. Mr. Portney works closely with for-profit developers, investors, non-profit organizations, municipalities and housing authorities on various residential and mixed-use development projects throughout the region. Clients and business partners seek out Mr. Portney for his expertise in handling complex affordable housing, planning and redevelopment projects and especially for his extensive funding and financing experience. Mr. Portney excels in the financial structuring, packaging, and closing of multiple funding sources for a wide range of affordable and mixed-income housing projects. He maintains excellent relationships with public and private lenders and equity investors, and creatively leverages and combines financial resources such as conventional construction and permanent financing, taxable and tax-exempt bonds, tax credit equity, and various grant and subsidy programs. Mr. Portney is a licensed professional planner in the State of New Jersey. He also holds a Bachelor's degree in Community Development from Rutgers University and a Master's degree in City Planning from the University of Pennsylvania.
Invited SpeakerDouglas P. Koch, MAI, AICP, is the Director of Real Estate Consulting at Dauby O’Connor & Zaleski (DOZ) where he brings more than 38 years of real estate investment analysis experience advising investor, syndicator and lender clients on improving investment processes and procedures, reviewing property and investment fund quality and sponsor capabilities, community/revitalization analysis and in planning for and facilitating LIHTC dispositions. During his career, Doug has worked for all levels of government as a city planner and housing planner working on state, federal and locally required revitalization/housing plans and on neighborhood, city and statewide revitalization programs. Over the last twenty-seven years Doug has been a partner for at housing tax credit syndication firm, an underwriter/consultant for a development firm, the founder and leader of Cushman & Wakefield's Affordable Housing Group and an affordable housing/community development consultant/due diligence provider for three national accounting firms. Doug serves his public and private sector clients nationally (46 states, 200 metro areas) with a unique breadth of knowledge across the spectrum of commercial real estate and, in particular, practices involving the valuation, underwriting and investment due diligence of affordable housing investments. Doug brings extensive experience as a leader in the Housing, Real Estate and Community Development Finance industries. Doug was a founder & the first chairperson of the National Council of Housing Market Analysts (NCHMA) and co-wrote the Appraisal Institute's seminar on Appraising Affordable Housing. Doug is a charter member of the American Institute of Certified Planners and a Member, Appraisal Institute, since 1991. He graduated with a Bachelors Degree in Community Development from Rutgers University and a MCRP from the Harvard Graduate School of Design.
, New York
Confirmed SpeakerNicole Lockett, is a Managing Director, Development for Genesis Companies, a full-service development and construction firm enhancing communities in New York and New Jersey. http://www.genesiscompanies.com. Founded in 2004, Genesis is staunchly committed to community engagement and disciplined analysis. The Genesis portfolio of low and moderate income housing, mixed-use properties, and commercial development includes 57 buildings representing 1,144 residential units and approximately 1.1 million square feet of utilized space, which are completed and/or in development. Working with cultural institutions, churches and mosques as well as other minority and women-owned businesses, Genesis aims to embolden the vitality of diverse and complex neighborhoods. Through strategic ventures, Genesis seeks to enable governments, nonprofits, and landowners to optimize real estate. Nicole is a specialist in financing complex affordable housing transactions, executing projects involving Year 15 re-syndication, conventional debt, taxable and tax-exempt bonds, LIHTCs, HOPE VI, HOME, CDBG, and a variety of other public and private funding sources. Nicole's experience working in revitalizing urban neighborhoods, shepherding complex preservation developments through the affordable housing process, will provide the community developers perspective. Prior to joining Genesis, Nicole was a developer with Pennrose Properties, a manager for the Philadelphia Housing Authority, and a consultant for Community Development Services, which worked with lenders, municipalities, and non-profit organizations throughout the country. She has structured deals totaling well over $300 million. She secured $48 million in HOPE VI awards and an additional $160 million in leveraged funds for associated developments. Nicole earned a Bachelor of Arts in Political Science from Rice University and a Master of Science of Real Estate Development from Columbia University. She serves on the steering committee for the New Jersey chapter of Women in Housing and Finance.