Pre-Conference Registration 
Great Lakes Prefunction

NALHFA University Presents: Bonds for Beginners 

Bonds for Beginners: Part I
Boundary Waters AB
(Pre-registration required)

Do you need a refresher course in private activity bond issuance? If so, this session answers all your basic questions. Set in an instructional, yet interactive setting, discussions pinpoint all the fundamental concepts: the definition of a bond and its relationship to other financing instruments, measuring price, interest, and yield, how a public agency issues bonds, the key players, the key documents, and the flow of funds. Come prepared to work in a group.

Bonds for Beginners: Part II 
Boundary Waters AB
(Pre-registration required)

This session builds on the basic concepts presented in Part 1. Discussions include credit enhancement, cash flow analysis, the role of the rating agencies, and disclosure in a bond transaction. After these two sessions, participants will understand the more complex areas of tax-exempt bond financing.

NALHFA Board of Directors Meeting (by invite only)
Boundary Waters D

Welcome Happy Hour 
Great Lakes Prefunction

Come grab a drink and join us for Happy Hour! Get to know the NALHFA Board of Directors, Staff, and fellow conference attendees.

Enjoy Minneapolis & Sponsored Events!

Registration
Great Lakes Prefunction

Networking Breakfast
Great Lakes Ballroom
Sponsored by Southeast Texas Housing Finance Corporation

Come join your fellow conference attendees for a time to connect and network with housing finance professionals from all over the country. This is a great opportunity to have casual conversations, interact with conference sponsors, and share success stories and best practices.

8:00 am - 9:00 am 

Opening General Session
Great Lakes Ballroom
Sponsored by HDS Companies

Speaker:

• Jennifer Leimaile Ho, Minnesota Housing Commissioner

9:00 am - 10:00 am 

Keynote: From Macro to Micro – The Housing Market & Economy in 2025
Great Lakes Ballroom
Sponsored by Morgan Stanley

Join us as we explore trends in markets, policy, demographics, and the economy – and what it all means for the HFA community. We’ll focus on what to watch for in the second half of the year – both for the Fed and for Congress, and how to start thinking about 2026.

Speaker:

• Mark Schmidt, Morgan Stanley

Networking Break
Boundary Waters Foyer
Sponsored by Housing Finance Authority of Miami-Dade County

Keynote: Homelessness is a Housing Problem
Great Lakes Ballroom
Sponsored by Raymond James

In Homelessness is a Housing Problem, Housing Scholars Gregg Colburn and Data Journalist Clayton Aldern seek to explain the substantial variation in rates of homelessness apparent in cities across the United States. Using accessible statistics, they test a range of conventional beliefs about what drives the prevalence of homelessness in a given city—including mental illness, drug use, poverty, weather, generosity of public assistance, and low-income mobility—and find that none explain why, for example, rates are so much higher in Seattle than in Chicago. Instead, housing market conditions, such as the cost and availability of rental housing, offer a more convincing explanation.

Speaker:

• Dr. Gregg Colburn, Associate Professor in the Runstad Department of Real Estate in the College of Built Environments at the University of Washington.

Annual Business Meeting and Award Luncheon
Great Lakes Ballroom

The NALHFA Award of Excellence is the most prestigious national recognition award in the local affordable housing finance community. The award recognizes the critical work that NALHFA members do in their local communities to provide affordable housing. Out dozens of award nominations, eleven NALHFA members are being recognized for their outstanding, innovative, and sustainable solutions. Join us as we celebrate this year’s award honorees.

Coffee Break & Transition to Breakout Sessions
Boundary Waters Foyer
Sponsored by Housing Finance Authority of Miami-Dade County

Concurrent Sessions

Policy Track: A State of Play - Latest from Washington, D.C.
Boundary Waters CD

Our annual Washington Update gathers D.C. insider panelists for a conversation highlighting recent legislative priorities, regulatory rulemaking impacts for HFAs and future areas of advocacy focus. Attendees will also hear about recent Biden-Harris Administration executive actions. Panelists will engage in conversation surrounding the 2024 election cycle and how the results will affect NALHFA priority programs. Join the conversation to learn more about issues impacting HFAs and how members can become more engaged in advocacy efforts.

Facilitator:

• Josh Brandwein, Director of Government Affairs, NALHFA

Speakers:

• Robert Henson, Senior Housing Policy Specialist, National Council of State Housing Agencies
• Xavier Arriaga, Policy Director, Enterprise Community Partners
• Peter Lawrence, Chief Public Policy Officer, Novogradac

Single Family Track: Bonds versus TBAs: Exploring Public Offerings in Issuances
Great Lakes Ballroom

Market conditions often dictate the financing structures selected by single-family issuers. This session will compare bonds and TBAS to explore public offerings in single-family issuances. 

Facilitator:

• Helen Feinberg, Managing Director - Multifamily Originations, RBC Capital Markets

Speakers:

• Lisa Bernau, Executive Director, Escambia County Housing Finance Authority
• Timothy Nelson, Senior Managing Director, Hilltop Securities Inc.
• Mike Ridenour, Director - Municipal Markets, RBC Capital Markets
• Andrea Shields, Deputy Director, Capital Area Housing Finance Corporation
• Chris Spelbring, Managing Director, Raymond James

Multifamily Track: HFA Preservation Portfolios: Current Trends and Implementable Strategies
Boundary Waters AB

As the landscape of multifamily housing continues to evolve, Housing Finance Agencies (HFAs) are at the forefront of ensuring long-term sustainability and affordability. This session will delve into effective strategies for bolstering HFA preservation portfolios, focusing on both the preservation of existing affordable housing and the obstacles facing issuers. Attendees will gain a deeper understanding of how HFAs can implement innovative approaches to preserve affordable housing and how to address challenges such as funding limitations, aging infrastructure, rising costs, and tenant protections.

Facilitator:

• Ferdinand S. Perrault, Vice President & Senior Credit Officer, Moody’s

Speakers:

• Joshua Canan, Senior Vice President - Originations, Merchants Capital Corp.
• Eric Enderlin, President, New York City Housing Development Corporation
• Annie Lee, Director, BofA Securities

Coffee Break & Transition to Breakout Sessions
Boundary Waters Foyer

Concurrent Sessions

Policy Track: Converting Commercial Buildings into Affordable Housing + Preservation
Boundary Waters CD

Attendees are welcome to join this session and learn how state and local initiatives finance commercial building conversions, such as transforming hotels and office buildings into residential or mixed-use spaces through a combination of public and private funding sources and tax incentives. Best practices include utilizing Low-Income Housing Tax Credits and Opportunity Zones to reduce financial barriers; however, challenges such as uncertain market conditions, rising rehabilitation and insurance costs, and restrictive zoning regulations can complicate conversions. Participants will speak on addressing these issues to incentivize adaptive reuse projects and support long-term economic and housing stability.

Facilitator:

• Lauren Connor, SVP, NYCHDC

Speakers:

• DeDe Cross, Director, Stifel
• Amy Geisler, City of Minneapolis
• William Wilcox, Bond Program Manager, San Francisco Mayor's Office of Housing and Community Development

Single Family Track: Stretching Cap, Closing Gaps and Blending Deals for Success
Great Lakes Ballroom

This session will explore effective approaches for "stretching" capital, closing financial gaps, and blending multiple sources of funding to make single-family housing projects viable and successful. Attendees will learn innovative strategies for overcoming common financing hurdles, such as high construction costs, limited access to capital, and fluctuating market conditions. The session will dive into practical solutions for stretching capital resources through blended deals.

Facilitator:

• Rachel Sanchez, Vice President, Morgan Stanley

Speakers:

• DeDe Cross, Director, Stifel
• Kathryn Driver, Executive Director, Housing Finance Authority of Pinellas County, Florida
• Vikram Shah, Senior Vice President, Jeffries

Multifamily Track: Let’s Get Creative! Innovative Solutions for Financing Middle-Income Housing
Boundary Waters AB

This session will explore the complex landscape of financing new construction and middle-income housing.  Attendees will gain insight from experts on navigating unique obstacles through creative financing structures, public-private partnerships, and innovative solutions that bridge the gap between market-rate and low-income housing.

Facilitator:

• Ken Silverman, Vice President of Government Affairs, Housing Opportunities Commission

Speaker:

• Satish Bhaskar, Executive Vice President/CFO, Housing Opportunity Management Enterprise
• Rachael Jenson, Associate, Chapman and Cutler LLP
• Benjamin Killion, Executive Director, Wells Fargo

Offsite Networking Event
Walker Art Center
Sponsored by DCHFA

Join us for an incredible networking event at the Walker Art Center a renowned multidisciplinary arts institution that presents, collects, and supports the creation of groundbreaking work across the visual and performing arts, moving image, and design. Guided by the belief that art has the power to bring joy and solace and the ability to unite people through dialogue and shared experiences, the Walker engages communities through a dynamic array of exhibitions, performances, events, and initiatives. Its multiacre campus includes 65,000 sq. ft. of exhibition space, the state-of-the-art McGuire Theater and Walker Cinema, and ample green space that connects with the adjoining Minneapolis Sculpture Garden. The Garden, a partnership with the Minneapolis Park & Recreation Board, is one of the first urban sculpture parks of its kind in the United States and home to the beloved Twin Cities landmark Spoonbridge and Cherry by Claes Oldenburg and Coosje van Bruggen. Recognized for its ambitious program and growing collection of more than 15,500 works, the Walker embraces emerging art forms and amplifies the work of artists from the Twin Cities and from across the country and the globe. Its broad spectrum of offerings makes it a lively and welcoming hub for artistic expression, creative innovation, and community connection.

Registration
Great Lakes Prefunction

Networking Breakfast

9:00am - 10:15am

NALHFA University Presents: Concurrent Training Workshops: Part I

The following concurrent training workshops are targeted to the following three segments of the affordable housing finance industry. Please review to determine which track compliments your experience level.

Rising Stars: This track is focused on providing expert insights to professionals who are either new to the affordable housing finance industry within the last 4 years or perhaps new to their role. If you are eager and innovative, have an appetite for the exchange of knowledge and sharing of best practices, this workshop track is for you.

Emerging Leaders: This track will enable working professionals who have been on their career path for 5+ years to come together with their unique blend of expertise and ambition in an engaging format to drive positive change and to influence the future landscape of the affordable housing finance industry.

Executive Leadership: Encompassing C-Suite Leadership and members of senior management, this track is for those with 15+ years of professional experience, bringing leadership, wisdom, and a wealth of knowledge in the affordable housing finance industry. In this workshop track, you will discuss a variety of high-level topics including management and leadership skills with fellow industry thought leaders.

Rising Stars: Recipe for Success: Creating and Implementing Effective Single-Family Housing Resources
Great Lakes Ballroom

Creating and implementing effective single-family housing resources is more critical than ever. During this workshop, attendees will explore the key ingredients for developing comprehensive single-family resources that focus on long-term housing stability. By the end of this workshop, you will be equipped with actionable ideas to bring back to your organization.

Facilitators:

• Suzanne Denihan, Vice President, eHousingPlus
• Elizabeth Moya, Executive Director, El Paso Housing Finance Corp

Emerging Leaders Session
Boundary Waters AB

Executive Leadership: Unlocking the Power of TIFIA/RRIF Financing for Transit-Oriented Development
Boundary Waters CD

Innovative financing solutions are critical to achieving successful, sustainable transit-oriented development (TOD) projects. Join us for a high-level discussion where we’ll break down the essential components of TIFIA and RRIF financing, how they align with long-term TOD goals, and real-world examples of their application. We will also engage in knowledge-sharing on implementation in a changing political climate.

Facilitators:

• Dawn Arnold, COO, Invest Atlanta
• Adam Cray, Municipal Advisor, CSG Advisors
• Karen Fitzgerald, Senior Director, Fitch Ratings

Coffee Break & Transition to Next Workshops
Boundary Waters Foyer
Sponsored by Housing Finance Authority of Miami-Dade County

10:45am - 12:00pm

NALHFA University Presents: Concurrent Training Workshops: Part II

Rising Stars: Down Payment Assistance Updates and Strategies for Engaging Stakeholders
Great Lakes Ballroom

This session will provide an overview of the latest updates on down payment assistance programs and effective strategies for spreading the word and engaging key stakeholders across the housing industry. Learn about new funding opportunities, eligibility criteria, and innovative solutions that can help potential homeowners overcome financial barriers. Participants will gain actionable insights on how to collaborate with lenders, community organizations, and policymakers to maximize the impact of these programs and ensure broader access. Join us to explore proven communication strategies and partnership models that can drive success in reaching underserved communities and expanding access to homeownership.

Facilitator:

• Angel Romero, HFA Relationship Manager, Down Payment Resource

Emerging Leaders: The Power of Storytelling: How to Use Your Stories to Influence the Future of Affordable Housing
Boundary Waters AB

NALHFA welcomes attendees to join this session to become empowered with the tools and strategies needed to effectively communicate housing finance initiatives to policymakers and stakeholders. This session will feature advocacy experts and seasoned professionals who will share best practices for crafting compelling narratives, leveraging data, and personalizing messages to drive impact. Attendees will learn how to translate their work into powerful stories that resonate with decision-makers, ensuring their voices are heard in the evolving policy landscape.

Facilitator:

• Christopher Donald, Executive Director/CEO, District of Columbia Housing Finance Agency
• Melissa Taphorn, Executive Director, Washington County CDA

Executive Leadership: Building the Future: Internal Development Pipelines, Mentorship, and Measuring Impact
Boundary Waters CD

Learn how to create a strong internal pipeline and foster the career growth of emerging leaders in the housing industry. Attendees will explore best practices for mentoring younger professionals, talent development, and employee retention.

Facilitator:

• Bill Brewer, Executive Director, Nevada Rural Housing
• Shani Dues, Director of Human Resources and Administration, Nevada Rural Housing

Women in Finance Networking Luncheon & Roundtable
Great Lakes Ballroom
Sponsored by CSG Advisors

Facilitator

• Nicole Graham, Co-CEO, CSG Advisors

Speakers:

• Susan Jun, Managing Director, Raymond James
• Cheree Gulley, Executive Director, Housing Finance Authority of Miami-Dade County
• Annie Lee, Director, Public Finance Investment Banking, Bank of America
• Nicole Joslin, Division Manager - Housing Department, Austin Housing Finance Corporation

Sponsored by: 

Affordable Housing Bus Tour (advanced registration required)

Buses leave promptly at 2:30 pm CT. All participants will board buses at 2:15 pm CT.

NALHFA attendees have an incredible opportunity to tour two (2) amazing developments located in Minneapolis. This is surely to be one of the most talked about events during the conference and you do not want to miss it! Please note that advance registration is required and space is limited.

About the Properties:

Belfry Apartments: NALHFA 2025 Award of Excellence Winner!
Belfry Apartments is a historic, adaptive reuse project undertaken by Trellis in partnership with Calvary Lutheran Church in south Minneapolis. The project includes 41 deeply affordable rental units at 30% AMI, including multiple-bedroom units to meet the needs of families. In addition to the reuse of the historic church building, the project includes a new construction component that was designed to thoughtfully add density to an existing neighborhood. The City of Minneapolis provided financing in the form of a deferred loan from the Affordable Housing Trust Fund program and a 9% LIHTC allocation.

Groove Lofts
Developed by Sherman Associates, Groove Lofts is an exciting example of the conversion of historic, underutilized office space into affordable rental housing. The project is the final phase of the three-phase redevelopment of the historic Northstar Center in downtown Minneapolis. The other two phases include a hotel and office space. Groove Lofts includes 216 apartment homes and over 10,000 square feet of amenity space, including a rooftop club room, cinema, coworking space, maker’s studio, arcade, karaoke lounge, and VR game studio. The units have a range of affordability, including 20% affordable at 50% AMI. The City of Minneapolis participated in the project with Tax Increment Financing provided through its Inclusionary Zoning program.