ICFA Seminar Program
Developing Housing Programs That Work
in the Post-Redevelopment World
(jump to: panel descriptions or speaker bios)
Agenda
9:00-9:20 a.m. Opening Comments by ICFA President Mike McCormick
9:30-10:30 a.m. First Session Presentations
- 1A: Designing, Financing and Administering Single-Family Home Ownership Programs
- 1B: Mobile Home Park Financing
10:30-10:45 a.m. Break
10:45-11:45 a.m. Second Session Presentations
- 2A: Get Home Now
- 2B: Current Financing Strategies for Affordable Housing
12:00-1:00 p.m. Deli Buffet
Panel Descriptions
FIRST SESSION: 9:30 to 10:30
1A. Designing, Financing and Administering Single-Family Home Ownership Programs
Presenter: Matt Callahan – Civic Center Home Loans, Walter Zhovreboff – First Home Inc, Remoun Said – ReNew Real Estate Sales
This presentation will explore the future of down payment assistance programs, creative layered financing approaches to help low income buyers, successful strategies for distressed sales (including REOs and short sales), and best practices for managing deed-restricted (BMR) housing stock to preserve long-term affordability.
1B. Mobile Home Park Financing
Moderator: Pam Newcomb – Newcomb Dedios Financial Group
Panel Members: Janees Williams – Newcomb Dedios Financial Group, George Turk – Millennium Housing, John Raymond – City of Palm Springs
This panel will explore the specifics of structuring a non-profit mobile home park acquisition and the advantages cities can realize by working with an organization like ICFA to complete these financings.
SECOND SESSION: 10:45 to 11:45
2A. Get Home Now
Presenters: Vaughn Irons – APD Solutions, Chapman Walsh – APD Solutions
Description: The Get Home Now initiative is designed to help you sell your REOs and other real estate faster and more easily with less time and effort.
2B. Current Financing Strategies for Affordable Housing
Presenters: Ryan Warburton – Ballard Spahr, Matt Duke -Avant, Fredrick Olsen – Ballard Spahr, Preston Olsen – Ballard Spahr
This presentation will highlight current financing strategies being deployed by municipalities and developers to address the increasing demand for affordable housing.
Speaker Bios
Matt Callahan – Civic Center Home Loans
Matt Callahan is the owner of Civic Center Home Loans & Realty, a mortgage and real estate company dedicated to serving low- and moderate-income homebuyers in Southern California. Previously positions a director of housing for the City of Los Angeles, investment banking, and western region community lending manager for Freddie Mac and affordable housing consultant to local government agencies.
Walter Zhovreboff – First Home Inc
Walter Zhovreboff – President First Home, Inc. / Administrative Director Bay Area HomeBuyer Agency, San Francisco. Walter has been involved in the affordable home ownership industry for over twenty years. During that time Walter in association with the Bay Area HomeBuyer Agency and First Home, Inc has contracted with and assisted municipalities, agencies, employers, and developers (non-profit and for profit) in designing and implementing strategies to help expand and sustain affordable ownership housing inventory in the Bay Area. He has been involved with and interacts in a multitude of disciplines including: program administration, program analysis and design, financing, and sales. Over the past five years, a great level of his focus has been directed towards executing strategies to retain affordable below market rate units in the marketplace. Walter received his Bachelors degree in Finance with an emphasis in Real Estate from Golden Gate University San Francisco in 1981
Remoun Said – ReNew Real Estate Sales With ReNew Real Estate Sales, Remoun Said and his team have been involved in hundreds of successful real estate transactions on the retail side with First Time Home Buyers using City, County, State, and/or Federal Assistance to purchase their first homes. Starting his career in the mortgage financing for five years, Remoun understands all the moving parts from both sides to successful close a transaction. Remoun has also helped cities in their efforts to Acquire, Rehab, and Dispose of Distressed Properties to First Time Home Buyers in compliance with Neighborhood Stabilization Program (NSP). Remoun identified the distressed properties, evaluate the opportunity/scope of work, oversee the rehab, manage the property during rehab, identify the First Time Home Buyer through scheduled Open Houses, recommend the buyer, and help facilitate the closing.Remoun Said comes from an Information Technology (IT) background with a Real Estate and Finance education. He received a Bachelor’s of Sciences from California State University of Fullerton in Real Estate Finance and a Masters of Business Administration in Entrepreneurship.
Pam Newcomb – President of Newcomb Dedios Financial Group
Ms. Newcomb entered the public sector with the county of San Bernardino, where she served as Housing Finance Officer and Deputy Director of the Department of Economic and Community Development. She began her investment banking career in 1984, joined Kinsell, Newcomb & De Dios, Inc as Senior Vice President in 1991, and became President and Managing Principal in 2004. Through her extensive work with local governments, she has developed particular specialties in multi- and single-family affordable housing financings while also executing innovative programs in mobile home park and non-profit financing. In 2012 Ms. Newcomb formed Newcomb Dedios Financial Group to further her pursuits in Public Finance. Ms. Newcomb is an Financial Industry Regulatory Authority (FINRA) principal, holds a BA in economics and urban geography from CSU San Bernardino, and attended graduate school at UC Santa Barbara.
Janees Williams – Senior Vice President of Newcomb Dedios Financial Group
Ms. Williams began working in the banking industry with Union Bank of California. She joined Kinsell, Newcomb & De Dios, Inc. in 2000, and has successfully structured and marketed over $1.5 billion of new money and refunding bond. Ms Williams has structured financings for cities, redevelopment agencies, school and special districts. A significant portion of these transactions involved unrated and challenging credits, which has allowed Ms. Williams the ability to meet her clients’ financing goals. In 2012 Ms. Williams formed Newcomb Dedios Financial Group to further her pursuits of public finance. Ms. Williams is an Financial Industry Regulatory Authority (FINRA) general securities representative and holds a BA in business administration with a concentration in marketing from CSU San Bernardino.
George Turk – President of Millennium Housing
George Turk is the president of Millennium Housing, a non-profit, 501c3 corporation created to provide affordable housing through the acquisition of mobile home communities. Millennium owns more than 4,400 mobile home spaces and has about $500,000,000 in assets, making it one of the largest housing charities in California. Including his work with other charitable organizations, George has converted 7,653 housing spaces to non-profit ownership. George holds a BS in business from USC, is a licensed real estate broker and served on the California Redevelopment Association (CRA) Housing Task Force as the mobile home park expert.
John Raymond – Director of Community & Economic Development for the City of Palm Springs
John Raymond received a MS in public management and policy from the H. John Heinz III School of Public Policy and Management at Carnegie Mellon University. He began his career in his hometown of Holyoke, Massachusetts as a main street project manager and later as an industrial development specialist with the City of Holyoke. His first position in California was as executive director of Main Street Upland, Inc. In Palm Springs, he held the positions of Director of Management & Budget, Economic Programs Manager, and Economic Development and Recycling Coordinator. From 2008 to 2010, he worked as the Executive Director with the Redevelopment Agency of the City of Fresno. He is currently the Director of Community & Economic Development for the City of Palm Springs.
Vaughn D. Irons – CEO of APD Solutions
Vaughn D. Irons is the CEO and Founder of APD Solutions (APDS), a national neighborhood revitalization firm based in Atlanta, Georgia. In that capacity, Mr. Irons is responsible for providing strategic direction for all APDS business units including Community Development Consulting, Real Estate Acquisitions & Marketing Services, Asset/Property Management, Property Disposition, and Homeowner Retention Strategies. Vaughn Irons has over twenty years of experience in community development, affordable housing, and mortgage finance, including a long track record of creating success in corporate, government and non-profit work environments. Mr. Irons holds an MBA from the University of Maryland, an undergraduate degree in urban policy from Syracuse University and a graduate-level certification in housing and community development also from the University of Maryland College Park.
Chapman Walsh – APD Solutions
Chapman Walsh is currently a Business Development Manager with APD Solutions (APDS), a national neighborhood revitalization firm based in Atlanta, Georgia. Chapman is responsible for crafting and managing contract and client relationships. The scope of his responsibility includes Real Estate Acquisition, Asset/Property Management, Marketing, Property Disposition, DPA Programs and Retention Strategies. He has over 25 years of experience in community development, affordable housing and mortgage finance in corporate, government and non-profit work environments.
Ryan R. Warburton – Partner at Ballard Spahr
Ryan Warburton is a partner in the public finance department of Ballard Spahr and a member of the Energy & Project Finance, Housing, Transactional Finance, P3/Infrastructure, and Tax Credits groups. His practice is concentrated in municipal finance, with emphasis on tax-exempt private activity bonds, including housing, 501(c)(3), and manufacturing facilities. Mr. Warburton has extensive experience with mortgage revenue bonds and multifamily residential rental bonds. He has also served as counsel in charter school financings, secondary-market securitizations, capital grant funding securitizations, and low-income housing tax credit financings. His experience includes financings with variable-rate debt, and various types of credit-enhancement and derivative products. Mr. Warburton is a graduate of Utah State University and Brigham Young University, J. Reuben Clark Law School where he was elected to the Order of the Coif. While attending law school, he served as staff editor of the Brigham Young University Law Review.
Matt Duke – Partner at Avant Strategic Partners
Matt Duke is a partner at Avant Strategic Partners, LP, a firm specializing in arbitrage and other post-issuance compliance matters relevant to issuers of tax exempt debt. Matt focuses his practice on developing and executing innovative strategies that add value beyond the compliance function. Matt has extensive experience working with complex tax-exempt financing structures in a variety of sectors, including public utilities, transportation, housing, education, and healthcare. Matt earned his BA and MAcc from the University of Texas at Austin and is a certified public accountant. He is a member of the National Association of Bond Lawyers (NABL), the California Society of CPAs (CalCPA), and the National Council of State Housing Authorities (NCSHA).
Fredrick H. Olsen – Ballard Spahr
Fredrick H. Olsen is a partner in the Public Finance Department of Ballard Spahr. He has worked as bond counsel, underwriter’s counsel, trust counsel and credit and liquidity provider’s counsel on municipal financings for more than 33 years. Olsen has senior responsibility for many of the firm’s bond counsel and underwriter’s counsel engagements in western states.
Preston Olsen – Ballard Spahr
Preston F. Olsen is an associate in the Public Finance Department and a member of the Housing and Transactional Finance Groups. His practice is concentrated in the area of single-family and multifamily housing finance.
