NH&RA Summer Institute (2021)
Thom joined National Housing & Rehabilitation (NH&RA) in 2004 and currently serves as its President. NH&RA is a national trade association and peer-network for affordable housing and tax credit developers and related professionals including: investors, lenders, public agencies and professional advisers. Thom directs the association’s day-to-day operations including legislative and regulatory advocacy, committee activities, conferences and events, publications, financial management and strategic planning.
Thom also serves as the President of the Tennessee Developers Council, a state-wide trade association for affordable housing developers and professionals active in Tennessee. In 2013 he spearheaded the launch of NH&RA’s Preservation through Energy Efficiency Project, a major educational initiative supported by the John D. and Catherine T. MacArthur Foundation. Thom also serves on the Board of Directors for International Center for Appropriate & Sustainable Technology (iCAST). He is also the recipient of the NHP Foundations 2018 Affordable Housing Advocacy Award.
Thom is a frequent speaker at affordable housing, sustainable development and tax credit industry events and has been published in a variety of industry journals including Tax Credit Advisor, Independent Banker, and the Novogradac Journal of Tax Credit Housing. Thom also serves as the Associate Publisher of Tax Credit Advisor, a monthly magazine for tax credit and affordable housing professionals and is an Executive Vice-President at Dworbell Inc., a boutique association management and communications firm in Washington, DC, which provides staffing for NH&RA.
Thom was previously employed at a national lobbying firm with a practice focused on financial services and technology issues. Prior to moving to Washington, Thom worked in media relations in the New York State Assembly and as a research assistant for New Hampshire Governor Jeanne Shaheen. Thom graduated Magna Cum Laude from Tufts University with a double major in Political Science and History.
Kelly Boyer joined the Rose Community Capital team in July, 2017 as Managing Director for the west coast. In her new role, she is responsible for expanding the FHA origination and underwriting platform with a focus on west coast FHA lending. Products include FHA insured financing for multifamily housing, nursing homes, hospitals, and skilled memory care facilities. As a relationship banker, Kelly engages in lending activities throughout the United States; she goes where her clients go. Prior to that, Kelly was the FHA Multifamily/MAP Director for Citibank, N.A. where she obtained the FHA license for the bank and integrated the FHA multifamily lending platform into the bank’s other services. Prior to joining CCC, Kelly was the Owner and Manager of K2U, LLC an independent consulting services company specializing in HUD multifamily and public housing redevelopment, HUD rental assistance programs and FHA financing. Kelly has a particular focus upon affordable deals with FHA financing and layered secondary sources such as LIHTCs, Bonds, RD, HOME and CDBG as well as local sources of funding. Prior to starting her own company, Kelly was a partner in a California based development company that focused upon the acquisition, rehab and preservation of HUD rental assisted projects with LIHTCS and bonds.
Kelly is the former Director of HUD’s Los Angeles, California, Multifamily hub and left the office in mid-2012. During her tenure at HUD she assisted the Department with aligning FHA resources to work more closely with LIHTCs and other sources of financing; worked closely with state agencies to remove obstacles to FHA financing on affordable transactions; was a key member of the FHA Commissioner’s Risk Mitigation team revising FHA underwriting standards; was an original member of the FHA National Loan Committee; and assisted in the development of key preservation programs; such as the §236 prepayment process and preservation program; and, the FHA LIHTC Pilot Program.
Kells has worked in the affordable housing market for the past 20 years. Prior to joining Sugar Creek in 2015, he was the Senior Vice President in the Affordable Housing Group for Community & Southern Bank, and in affordable housing lender roles at Wells Fargo and Fannie Mae. Kells has extensive knowledge of the banking industry and the affordable housing market which makes him a significant resource to developers and federal syndicators. Kells is responsible for increasing affordable housing state tax credit investment opportunities in his home state of Georgia and other expanding markets. He graduated from the University of Alabama with a bachelor’s degree in criminal justice.
Jonathan Cortell is a Managing Director at L+M Development Partners with a particular focus on extending the firm’s business beyond New York City. Since joining L+M in 2005, Jon has represented the firm on affordable, mixed-income and mixed-use transactions in NYC, and led the organization into new markets, including NJ, California, and Washington DC. Prior to joining L+M, Jon was the Vice President and Director of Development at the New York State Housing Finance Agency (HFA). In 2015, Jon was the recipient of the Rising Star Award at the Multifamily Executive Awards. Jon has a BA and an MPA from Columbia University as well as an MBA from New York University’s Stern Business School.
Dr. Robert Dietz is the Chief Economist for the National Association of Home Builders, where his responsibilities include forecasts of housing and economic trends, survey research, and home building industry and policy analysis. He is commonly cited on CNBC, the Wall Street Journal, the Washington Post and NPR.
Prior to joining NAHB in 2005, Robert worked as an economist for the Congressional Joint Committee on Taxation. He is a native of Dayton, Ohio and earned a Ph.D. in Economics from The Ohio State University in 2003.
Greg Goldberg has arranged financings for hundreds of affordable LIHTC, mixed income and senior housing projects as well as community facilities with an aggregate par value of over $3 Billion. Mr. Goldberg has served as underwriter on both tax-exempt and taxable financing structures utilizing public offering as well as private placement / direct purchase executions. His expertise includes financings utilizing FHA, Fannie Mae, Freddie Mac, Bank and Bond Insured financing programs. Most recently, Mr. Goldberg has specialized in bond recycling techniques for workforce and “80/20” developments and not for profit developments financed with multifamily non-rated tax exempt bonds. His clients include both for profit and nonprofit developers, state and local Issuers, and Housing Authorities.
Prior to joining RBC Capital Markets, Mr. Goldberg was employed by Citi Community Capital and its predecessor firms, Capmark Finance, and Newman & Associates for nearly two decades. Earlier in his career, he was a seniors housing developer and a financial advisor to non-profit retirement community sponsors. He received his BA in Political Science from the University of Colorado – Boulder and his MBA from Loyola University of Chicago. As a registered representative, Mr. Goldberg holds both Series 7 and a Series 63 licenses from FINRA.
Todd A. Gomez is the North Region Market Executive for Community Development Banking (CDB) at Bank of America. He is responsible for managing a $2.5B loan portfolio and leading a team focused on providing a broad range of debt and equity financing solutions to developers of affordable multifamily housing in the Northeast and Midwest. Mr. Gomez joined CDB in 2008 from Banc of America Securities where he was Managing Director of the Affordable Housing Finance Group. In his prior position, Mr. Gomez lead a team that was responsible for providing investment banking and advisory services to residential developers, real estate management companies and owner/operators of affordable housing throughout the U.S.
Prior to joining BAS in 2004, Mr. Gomez served as the Chief Financial Officer of the Chicago Housing Authority where he was responsible for all financing, cash management, accounting, risk management, and financial reporting activity of the Authority. In addition, Mr. Gomez had responsibility for managing the Authority’s $1.5B annual budget. Mr. Gomez worked for over 13 years in affordable housing finance and corporate banking prior to joining the CHA in 2000. Mr. Gomez specialized in financing multifamily and single family loan programs through state and local HFAs, as well as acquisition, rehabilitation, portfolio restructuring and program development for real estate developers throughout the U.S. Mr. Gomez has experience in structuring all types of taxable and tax-exempt multifamily financing transactions including: Section 8, FHA-insured, privately-insured, unenhanced and non-rated.
Mr. Gomez received his AB in Economics from Dartmouth College and a Masters of Business Administration with a concentration in Finance and Real Estate from the J.L. Kellogg Graduate School of Management at Northwestern University. Mr. Gomez is a member of the ULI Responsible Property Investment Council and the Real Estate Executive Council. He currently serves on the Boards of Enterprise Community Partners NY (Co-Chair), the Community Preservation Corporation, NYU Furman Center, New York Housing Conference, Dartmouth Center for Social Impact, EL Education and New Jersey Future.
Noah Hale is a Senior Associate at Fairstead where he enhances and supports Fairstead’s strategic plan for growth in all aspects of affordable and mixed-income housing acquisition, rehabilitation and new construction in core markets across the US. Before Joining Fairstead, Noah was the Director of Development for TM Associates Development. Noah’s efforts have led to the creation of 1,500 new affordable units and currently manages a preservation pipeline of over 2,000 affordable apartment homes across the country.
Dave Herdlick is the Vice Chair for RubinBrown’s Real Estate Services Group and a Partner in the Tax Consulting Services Group. He works on a national basis, primarily serving real estate clients that develop or invest in Historic Rehabilitation Tax Credit projects, Affordable Housing Tax Credit projects, New Markets Tax Credit projects, Renewable Energy Tax Credit projects and real estate investment funds.
Scott Hoekman is president of Enterprise Housing Credit Investments, LLC, Enterprise’s Low-Income Housing Tax Credit syndication business. He oversees the acquisition, underwriting and placement of $1 billion annually in Housing Credit transactions as well as the asset management of Enterprise’s $12.4 billion Housing Credit portfolio.
Scott has been in the Housing Credit business for 26 years. He began his Enterprise career in 1994 as a syndication underwriter, and from 1999 to 2003 he managed acquisitions in a 10-state area. From 2004 to 2018 he served as senior vice president and chief credit officer and in 2017 he assumed interim leadership of asset management. In 2018, he was named president of Enterprise Housing Credit Investments, LLC. Since inception, Enterprise has deployed more than $16 billion of Housing Credit equity into more than 2,500 Housing Credit developments, creating and preserving more than 173,000 affordable homes.
Scott is involved in Enterprise’s public policy work and advocacy on behalf of the Housing Credit and other resources to end housing insecurity and create opportunity. He is co-chair of the ACTION Campaign, a coalition with more than 2,400 member organizations working to expand and strengthen the Housing Credit. He is also on the board of directors of the Affordable Housing Tax Credit Coalition. As a veteran practitioner, he is frequently asked to provide his expertise to leaders of the affordable housing industry as well as members of Congress and federal and state officials.
Prior to joining Enterprise, Scott was an affordable housing lender with Boston Community Loan Fund (now BlueHub Capital). He holds a master’s degree from the Tufts University Department of Urban and Environmental Policy and a bachelor’s degree from Calvin College.
As President of NTCIC, Merrill directs fundraising and acquisitions opportunities, develops and implements overall strategy and new lines of business for the company and coordinates governing board/staff relations.
Merrill joined NTCIC in 2016, bringing 19 years of experience in community development finance that includes the structuring and closing of over $1 billion utilizing Historic, New Markets, and Low Income Housing Tax Credits. Before joining NTCIC, Ms. Hoopengardner was a Principal at Advantage Capital Partners, a finance company that specializes in using public-private partnerships to raise venture capital and small business capital for investments and loans in underserved areas. At Advantage, Merrill raised over $100 million per year in state and federal NMTC funds that were used to provide access to capital for small businesses nationwide.
Merrill began her tax credit career with the law firm Nixon Peabody LLP, where she represented a number of prominent community development entity, investor and project sponsor clients.
Merrill received her bachelor’s degree and law degree from Duke University. She is the chair of the Historic Tax Credit Coalition and a member of the Novogradac Journal of Tax Credits Advisory Board, the SunTrust CDE Advisory Board, the Bank of America CDE Advisory Board, and the Executive Committee of the New Markets Tax Credit Coalition.
In his role as Head of Capital Strategies Group, Karl is responsible for leading all CSG initiatives including investor strategy and relations, providing research-driven market intelligence and recommendations to clients and partnering with colleagues in Municipal Banking to help create and accelerate to market new structuring ideas. He will also lead the High Yield new issue marketing effort.
In his prior role as Manager, Institutional Sales, in addition to leading a team of municipal salespeople, he had primary coverage responsibility for some of the firm’s key institutional account relationships on the municipal side. Prior to joining RBC in September of 2008, Karl was an Executive VP at UBS and Senior Institutional Salesperson at UBS and Goldman Sachs.
Karl holds a Finance degree from the University of California at Berkeley.
He also holds the following certifications: Series 7, 24, 53 and 63
Ikeogu “IK” Imo
IK Imo joined the District of Columbia Housing Finance Agency (DCHFA) in January 2021. As the Senior Director, Housing Investments, IK is responsible for the development of new housing investment products and financing initiatives and the innovation of existing DCHFA housing finance products and programs that support the creation and preservation of affordable housing units in the District of Columbia.
Prior to his arrival at DCHFA, IK served the government of the District of Columbia as the Director in the Division of Portfolio at the Department of General Services. He oversaw a team of 15 employees who managed over 2,000 real estate assets, worth over $17 billion, in the District and Maryland. He was the chief negotiator for the District of Columbia’s lease, acquisition, and/or disposition transactions. IK has held various other positions including, Director, Finance and Acquisitions with Dante Partners. In addition, he was an Investment Consultant and Asset Manager, with Bozzuto Management Company and a Private Investment Manager with Prudential Capital Group.
IK graduated from Rice University, where he received a Bachelor of Arts, in Political Science. He also holds a Master of Business Administration from the University of Virginia, Darden Graduate School of Business Administration.
Jeffrey L. Kittle is responsible for directing the senior management team, strategic initiatives, new opportunities and financial results for Kittle Property Group, Inc. and its 500 employees. Jeff has been in the housing field for 25+ years, and is responsible for the ownership and management of 170 properties in 20 states. These developments include over 18,000 apartment homes and have utilized some form of conventional or government financing including housing tax credits and/or tax-exempt bond financing, the United States Department of Agriculture, HUD and the Federal Home Loan Bank. All totaled, KPG’s portfolio represents more than $2.5 billion in investments.
Kittle Property Group is the successor to companies that have been around since 1948 and has developed and managed multi-family homes for over 60 years. KPG develops, builds, owns, and manages rental housing in 20 states. KPG places great emphasis on human capital development, which is represented by an excellent team of highly experienced senior leaders with more than 300 years of experience.
With Jeff’s help, Kittle Property Group was recognized as Affordable Housing Finance’s 6th largest development firm, and the 11th largest owner. Over the last several years Jeff has been active within the apartment industry, including sitting on the steering committee for the National Association of Home Builders Housing Credit Group, and the Affordable Housing Tax Credit Coalition. Jeff is a member of the Young Presidents’ Organization, Board Member of Kittle’s Home Furnishings Center, Inc., Crew Carwash, Indianapolis Neighborhood Housing Partnership, Second Presbyterian Church Endowment Board, and the Indiana University Center for Real Estate.
An Indianapolis native, Jeff graduated Phi Beta Kappa from Indiana University with a Bachelor of Arts degree. Later he attended Indiana University’s Kelley School of Business where he earned his Master of Business Administration in Finance. Jeff also holds the Series 7, 24 and 63 securities licenses. Jeff is active in various community and civic organizations in Indianapolis where he enjoys spending time with his family, working out, golfing, skiing, and watching his daughters participate in competitive tennis and fencing.
Allison King is a partner in the Charleston, South Carolina office of Tiber Hudson LLC, where her practice is focused in the role of underwriter’s counsel for affordable housing transactions. Allison is an industry leader in innovative tax-exempt bond and loan structures for 4% LIHTC deals, helping Tiber Hudson to achieve top ranking by Thomson Reuters as #1 Underwriter’s Counsel in the USA by number of multifamily deals closed in 2018. As a public finance attorney, Allison has participated in the issuance of approximately $4 billion of bonds involving financing structures including FHA/GNMA, Fannie Mae, Freddie Mac, and private placement transactions for new construction, sub rehab, and preservation deals in rural and urban markets. Allison’s extensive knowledge of tax and securities law along with her background in finance has often resulted in achieving significant project savings.
Prior to practicing law, Allison worked in multifamily development throughout the Southeast, where she managed the development of over 2,400 market rate, active adult, and affordable housing units valued at approximately $430 million.
Lopa P. Kolluri serves as the Principal Deputy Assistant Secretary for the Office of Housing and the Federal Housing Administration (FHA) at the U.S. Department of Housing and Urban Development (HUD). In this role, Ms. Kolluri is the senior leader responsible for the Office’s policies, programs, and operations supporting homebuyers, homeowners, multifamily residents, and housing counselors. Kolluri is also responsible for the Office’s oversight of manufactured housing and FHA’s Single Family, Multifamily, and Healthcare mortgage insurance programs.
With over 25 years of experience in affordable housing and community and economic development in both the public and private sectors, Kolluri served from 2011 to 2013 as Deputy Chief of Staff to HUD Secretary Shaun Donovan. Prior to rejoining HUD in February 2021, Kolluri was the Chief Development and Operating Officer for the Philadelphia Housing Authority, the nation’s fourth largest public housing authority serving nearly 80,000 public housing residents.
Kolluri has broad knowledge and experience in executive-level management of housing policy, operations, and transactions. Prior to her role at the Philadelphia Housing Authority, Kolluri held leadership roles at multifamily development and management companies Pennrose and Community Investment Strategies, Inc. She also served as the Assistant State Treasurer for Economic Development for the state of New Jersey, and the Director of Housing and Community Resources for the New Jersey Department of Community Affairs. Early in her career, Kolluri was a staff member of the Fannie Mae Foundation where she focused on a broad range of homeownership issues including anti-predatory lending, the importance of housing counseling, and effective homebuyer education.
Todd Nedwick is the National Housing Trust’s Senior Director of Sustainability Policy. Todd leads NHT’s engagement with public and private stakeholders to advance the use of housing and energy resources for affordable housing. He currently directs NHT’s involvement in Energy Efficiency for All (EEFA). EEFA builds power to ensure that all renters live in homes that are affordable and healthy by uniting people from diverse sectors and backgrounds to collectively make multifamily affordable homes energy and water efficient. EEFA seeded and supports coalitions in 12 states that include a variety of housing, health, energy efficiency, environmental, and community advocacy organizations that have not typically worked together in the past. Together, our coalition partners work to ensure that utility, state, local, and federal entities provide equitable investment to improve the efficiency of affordable multifamily homes and advance proven best practices in efficiency program design and implementation to help meet the needs of affordable housing building owners and residents.
Todd holds a B.A. in Political Science from American University and a Master’s in Public Policy with a concentration in Social Policy from the University of Maryland, School of Public Policy.
Wade Norris is a partner at Norris George & Ostrow PLLC. Mr. Norris is widely recognized as one of the country’s leading experts in the field of multifamily housing bond finance. Mr. Norris has over four decades’ experience in over 3,500 tax-exempt multifamily housing and other bond financings totaling over five billion dollars, primarily as Underwriter’s or Purchaser’s Counsel or Special Bond Matters Counsel to the Borrower. Mr. Norris has often played a major role in developing new financing techniques in this area of finance. In the past 10 years, these include development of, among other products, the Country’s largest tax-exempt bond and loan bank private placement program; short-term cash-backed tax-exempt bonds used with FHA, RD and other low-rate taxable loans; the Freddie Tax-Exempt Loan or “TEL” structure; and, most recently, Fannie Mae’s M.TEBs tax-exempt monthly MBS pass-through structure. Mr. Norris’ paper entitled “Introduction to Tax Exempt Multifamily Housing Bonds” is widely regarded as the industry’s leading introductory article on tax exempt multifamily housing bond finance. Mr. Norris is a member of the Georgia State Bar, the Bar of the District of Columbia, the National Association of Bond Lawyers and the American College of Bond Counsel.
Anne Ray directs the Florida Housing Data Clearinghouse (http://data.shimberg.ufl.edu), an online source of data on affordable housing needs and supply. Ms. Ray is responsible for producing the Center’s triennial Statewide Rental Market Study and has co-authored numerous reports on statewide and local housing needs. She currently coordinates the Center’s work on evictions and foreclosures and housing responses to the COVID-19 pandemic.
Since joining the Shimberg Center in 2001, Ms. Ray also has performed research on public housing, preservation of affordable rental housing, energy efficiency in the affordable housing stock, the housing needs of persons with disabilities, farmworker housing, homelessness among Florida children and youth, and the Low-Income Housing Tax Credit. She received a BA from the University of Michigan and a Masters in Urban Planning and Policy from the University of Illinois at Chicago.
Dan Rizza manages the Program on Sea Level Rise at Climate Central, a non-profit science and news organization providing localized, evidence-based information on climate science, impacts & solutions. Dan manages the rollout of Climate Central’s coastal risk screening tools (coastal.climatecentral.org) designed to enable users to explore sea level rise and coastal flood risk over time and under multiple pollution scenarios. He earned his MA at Georgetown University’s Graduate School of Foreign Service and his BA at Colby College.
Julia Schmidt helps her clients finance and build their next big mixed-use real estate complexes. Julia’s understanding of mixed-use development — especially projects involving affordable housing — and low-income housing tax credits allows her to anticipate challenges and solve unexpected problems to make sure her clients get the best deals available.
Khalil Shahyd focuses on federal policy and national strategies that create just solutions for environmental and climate crises—specifically by integrating clean energy and energy efficiency with affordable housing and community development. He has more than 20 years of experience in community and economic justice organizing, planning, and policy advocacy. He has worked on just, sustainable development in urban and rural settings domestically and abroad in Mexico, India, and Brazil. Shahyd holds a bachelor’s degree in history from Tulane University, a master’s degree in sustainable international development from Brandeis University, and a PhD (ABD) in energy and environmental policy with a specialization in urban political ecology from the University of Delaware. Away from work, his passions are astronomy and soccer. Shahyd is based in NRDC’s Washington, D.C., office.
Mark Shelburne is a housing policy consultant with Novogradac. His work includes consulting with state agencies, local governments, equity providers, lenders, attorneys and developers on topics including allocation, compliance, HOME, revitalization, supportive housing and tax-exempt bonds. Shelburne previously served as director of the Office of Housing Finance and Development at the Georgia Department of Community Affairs and Counsel and Policy Coordinator at the North Carolina Housing Finance Agency. In these capacities Shelburne has revised and/or implemented 32 qualified allocation plans in 14 states, testified before Congress, provided resources to create more than 25,000 affordable rental homes, and led work resulting in four national awards. Before that, Mr. Shelburne was the general counsel of a LIHTC equity investor and an attorney in private practice.
Mr. Armand Tiberio is Vice Chairman at CBRE Affordable Housing, a specialty group within CBRE, the largest investment real estate brokerage firm in the country. Since beginning his investment brokerage career with Marcus & Millichap in 2000, Mr. Tiberio has overseen the closing of over $14 billion of affordable housing multifamily product nationwide.
Mr. Tiberio was a Founding Partner of the Tax Credit Group of Marcus & Millichap— the country’s leading brokerage team of Section 42 Low Income Housing Tax Credit (LIHTC) properties—before the company merged with CBRE in December 2015. His primary responsibility at CBRE Affordable Housing is overseeing disposition strategies for large investor and developer clients, with emphasis on how to maximize value and protect investor members from tax credit liabilities. Mr. Tiberio has worked closely in assisting the country’s largest institutions (including syndicators, developers, and direct investors) in implementing large scale disposition plans.
As an industry pioneer in the disposition of LIHTC product, Mr. Tiberio is a frequent speaker and panelist at industry events hosted by the Institute for Professional and Executive Development (IPED), the National Housing and Rehabilitation Association (NH&RA), and the Affordable Housing Investors Council (AHIC). He also sits on the board for the NH&RA.
Kelly Van Baalen
Kelly Van Baalen is the High Meadows Fellow for the Sea Level Rise Team at Climate Central. She recently graduated from Princeton University with degrees in Molecular Biology and Environmental Studies.
At Princeton, Kelly worked to promote sustainability on campus as the student leader of the Office of Sustainability’s Greening Dorms and Greening Reunions programs. Kelly also conducted original research in the Geosciences and Molecular Biology Departments at Princeton, writing a thesis that built knowledge towards the goal of engineering crop plants to improve their yields and lessen the environmental impact of agriculture.
Dolores Vance has been with Oregon Housing and Community Services Department (OHCS) since February 2002 and is currently the Senior Program Analyst monitoring the “Publicly Supported Housing Preservation” process affecting the OHCS Portfolio, as well as the HUD Section 8 project-based rental assistance portfolio and the USDA Rural Development portfolio. With an Associate Degree in Real Estate and Bachelor Degree in Management and Communications, her career in the private sector includes working as a title examiner, escrow officer, and tax appraiser. Prior to OHCS, she was at the Oregon Department of Human Services, and Oregon Department of Justice. Experience with OHCS includes tax-exempt bond loan closing (OHCS as lender), Post-15 LIHTC Transfer of Ownership, Loan Officer, and OHCS Portfolio Manager, as well as a Principle Executive Manager for community resources staff including leadership for programs such as for homelessness, energy, weatherization, and the manufactured community resource center.
Derek Weaver is a senior tax manager in CohnReznick’s Bethesda office and a member of the Firm’s National Tax Practice. With over 15 years of tax experience, he specializes in fixed asset consulting including cost segregation studies, repair and maintenance expense analyses, and other tax advisory services specific to cost recovery in the real estate industry.
Derek has managed and performed over a thousand cost segregation studies, including large-scale commercial office complexes, residential rental property, retail/restaurants, golf courses, hotels, airports, and manufacturing facilities. His vast experience with cost segregation and complex ownership structures includes serving entities with tax-exempt members and REIT structures as well as pre-construction design planning to maximize deductions associated with personal property construction costs.
Derek has managed, designed, and implemented capitalization and depreciation policies for major nationwide retail chains to determine annual depreciation and repairs/maintenance treatment for all locations, as well as facilitated preparation of partial disposition basis studies in accordance with the tangible property regulations (Rev. Proc. 2014-17). Additionally, he consults taxpayers regarding energy efficient tax incentives including the Section 45L energy efficient tax credit, energy efficient construction deductions under Section 179D, construction audits, and research and development tax credit studies.
Holly Wiedemann, a native Lexingtonian, is the founder, owner and President of AU Associates, Inc. AU was founded in 1990 on the principles of adaptive use and focuses on opportunities for urban infill as well as the revitalization of existing structures. AU also includes a Property Management component that manages all the developments that AU creates. Holly’s firm has developed an extensive portfolio in Kentucky and West Virginia. Developments range from the adaptive re-use of historic buildings to new construction urban infill. The majority of the portfolio is focused primarily upon family and senior affordable housing, but also includes mixed income, mixed use and commercial properties.
Most recent projects include the award winning Fayette County Courthouse, Parkside 1, 2 and 3 in Lexington, and Recovery Point in Charleston, West Virginia. Currently underway is Victory Point, an Enhanced Use Lease (EUL) affordable housing for veterans at the VA Hospital, and Meadowthorpe Landing, affordable housing for seniors.
She serves on multiple boards, including Lexington Civic Center/Rupp, The Cleveland Federal Reserve Bank, National Housing & Rehabilitation Association, the Triangle Foundation and Fayette Alliance.
Ryan Withall is currently a Director of Development at Lincoln Avenue Capital. Ryan handles underwriting, acquisition, and development of affordable multifamily properties for Lincoln Avenue. Since joining the company, he has led the acquisition, rehab, or refinance of 35 properties across 8 states (CA, FL, NY, TX, MI, NV, WA, MA) comprising 5,750 units with a total development cost of $750M+
Ryan holds an MBA from the Yale School of Management and a Master of Environmental Management from the Yale School of Forestry and Environmental Studies. He received his BS in Environmental Engineering from Columbia University.
Tanya Zahalak is a Real Estate Economist at Fannie Mae. She received a B.A. in Applied Math from Washington University in St. Louis and a Masters in Finance from Johns Hopkins University.
Tanya has been involved in housing finance for over 20 years. For the past decade, her work in Fannie Mae’s Multifamily Economics and Market Research group has involved following trends in multifamily markets at the metro level. She also has a particular focus on affordable multifamily including market rate affordable segments and rent-restricted segments and regularly publishes research on the affordable segments of the multifamily market.
Recent publications include “Assessing the Market Rate Affordable Multifamily Sector,” “Manufactured Housing Communities Remain Steady in 2020,” State and Local Programs Help Increase Affordable Supply,” “Big Impact from Small Multifamily Properties.”