ON-SITE PROGRAM

2007 NALHFA Fall Educational ConferenceNovember 14–17 | Hyatt Regency | Miami, Florida

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Table of Contents

Welcome to the 2007 NALHFA Fall Educational Conference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Agenda at-a-Glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Conference Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Hotel Information/Locator Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Sponsor List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Sponsor Descriptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Membership Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

Mark Your Calendar – 2008 Spring Conference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

Advertisers’ IndexCommunity Development Commission of the County of Los Angeles . . . . . . . . . . . . . . . . . . . . . . . . 32

Countrywide Home Loans, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

Dakota County Community Development Agency. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Fannie Mae . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Freddie Mac. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

George K. Baum & Company. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Kutak Rock LLP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Leader Financial Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Morgan Keegan & Company, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

RBC Capital Markets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Regions Bank Corporate Trust Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

San Francisco Redevelopment Agency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Southeast Texas Housing Finance Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

U.S. Bank Home Mortgage – MRBP Division . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Washington Mutual. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

Dear Colleagues:

Welcome to NALHFA’s 2007 Fall Educational Conference—Strengthening the Wind in Your Sails.

Miami-Dade County is home to people from more than 156 countries, who communicate in 64 different languages. In the last few years, the county hasbeen transformed into an exciting area of growth and development.

Much of this advancement is due to the leadership of the Housing FinanceAuthority of Miami-Dade County from successful homebuyer education programs to building green. I look forward to learning about their successes through speakers, panelists, tours and receptions.

I would like to thank our conference hosts for their help in preparing for the 2007 Fall EducationalConference. I especially want to thank Patricia Braynon and Jose Pons for their hard work and dedication to making this conference a success.

NALHFA is thrilled to celebrate its 25th anniversary in Miami-Dade County. You will notice confer-ence attendees wearing membership tenure ribbons; this is in recognition of their organization’s dedication to NALHFA. We also will commemorate the past leaders of NALHFA and celebrate theassociation’s positive impact on affordable housing at the local level throughout the conference.

Please enjoy the NALHFA conference and the great City of Miami. Take advantage of the opportunitiesto learn about the latest trends in affordable housing and redevelopment, network with colleaguesand interact with exhibitors. If you have any questions or comments, please approach a member ofthe NALHFA staff or board of directors.

Warmest regards,

Olson LeeNALHFA President

Welcome to the 2007 NALHFA Fall Educational Conference

4 |

Agenda at-a-Glance

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Wednesday, November 147:30 a.m. – 2:30 p.m. NALHFA Charity Golf Tournament–Crandon Golf at Key Biscayne11:00 a.m. – 2:30 p.m. Vizcaya Museum and Gardens Tour

3:00 p.m. – 7:00 p.m. Exhibitor Set-Up – Exhibit Hall – Jasmine Room

3:00 p.m. – 6:00 p.m. Pre-Conference Registration – Regency Ballroom Pre-Function Area

4:00 p.m. – 5:00 p.m. Affiliate Forum – Tuttle South

5:00 p.m. – 7:30 p.m. Board of Directors Meeting – Tuttle South

Thursday, November 15

7:30 a.m. – 3:30 p.m. Conference Registration – Regency Ballroom Pre-Function Area

7:30 a.m. – 3:30 p.m. Exhibit Hall – Jasmine Room

8:00 a.m. – 8:45 a.m. Continental Breakfast – Exhibit Hall – Jasmine Room

8:00 a.m. – 8:45 a.m. NALHFA Orientation Breakfast – Hibiscus B

9:00 a.m. – 10:15 a.m. Opening General Session – Regency Ballroom – Brickell and Flagler

10:30 a.m. – 12:00 p.m.

Concurrent Sessions

Basics of Multifamily Housing BondsTuttle North

Green AffordableHousingHibiscus A

Hot Topics in Single-Family FinanceHibiscus B

Ensuring HomeBuying SucessTuttle South

12:00 p.m. – 1:15 p.m. Luncheon – Regency Ballroom – Brickell and Flagler

1:30 p.m. – 3:00 p.m.

Concurrent Sessions

Increasing LenderInvolvement with HFAsTuttle North

Hot Topics inMultifamily FiananceHibiscus A

Sub-Prime andPredatory LendingHibiscus B

Affordable Housing for Today’s WorkforceTuttle South

3:00 p.m. – 3:30 p.m. Refreshment Break – Exhibit Hall – Jasmine Room

3:30 p.m. – 5:15 p.m. Off-Site Project Tours

6:00 p.m. – 7:30 p.m. On-Site Exhibitors’ Reception – Exhibit Hall – Jasmine Room

Friday, November 168:00 a.m. – 3:00 p.m. Conference Registration – Regency Ballroom Pre-Function Area

8:00 a.m. – 8:45 a.m. Continental Breakfast – Exhibit Hall – Jasmine Level

8:00 a.m. – 8:45 a.m. Legislative Committee Meeting – Tuttle North

8:00 a.m. – 8:45 a.m. Member Services Committee Meeting – Tuttle South

8:00 a.m. – 2:00 p.m. Exhibit Hall – Jasmine Room

9:00 a.m. – 10:15 a.m. General Session – Regency Ballroom – Brickell and Flagler

10:30 a.m. – 12:00 p.m.

Concurrent Sessions

Bonds for Beginners – Part 1Hibiscus A & B

Condominiums: Urban Development &Affordable OpportunityTuttle North

Impact ofForeclosures in Your CityTuttle South

12:00 p.m. – 1:15 p.m. Awards Luncheon – Regency Ballroom – Brickell and Flagler

1:30 p.m. – 3:00 p.m.

Concurrent Sessions

Bonds for Beginners – Part 2Hibiscus A & B

Texas Hold ‘Em andFold ‘Em Reinvestment& Derivatives GameTuttle South

SuccessfulRedevelopmentTuttle North

6:00 p.m. – 7:30 p.m. Off-Site Reception – Jungle Island

Saturday, November 179:30 a.m. – 12:00 p.m. Affordable Housing Bus Tour

The Basics The Homebuyer

Big Picture Trends

HFA Program& Partnerships

ServingCommunityNeeds

Freddie Mac is dedicated to strengthening communities by expanding housing and rental

opportunities throughout the U.S. We’re committed to helping people get a home they can afford and keep.

Together, we’re working to create a better today and a better tomorrow. www.FreddieMac.com

A better today. A better tomorrow.

Wednesday, November 147:30 a.m. – 2:30 p.m.Charity Golf TournamentBenefiting Miami Dade Affordable Housing FoundationCrandon Golf Key Biscayne

Buses depart from hotel lobby entrance at 7:00 a.m.

The 2007 NALHFAFall Charity GolfTournament takesplace at the beauti-ful Crandon GolfKey Biscayne.Crandon Golf KeyBiscayne has

hosted a long line of nationally televised PGAChampions Tour events. The course offers a uniqueplaying experience featuring seven saltwater lakes,challenging sand traps, mangrove thickets and holesoverlooking Biscayne Bay.

The tournament benefits the Miami-Dade AffordableHousing Foundation, Inc., a 501(c)(3) not-for-profitorganization, created to increase the ability of low- andmoderate-income families to attain home ownership byproviding affordable mortgage financing, support com-munity and economic development in the area of hous-ing, and lessen the impact of the demand for afford-able housing on local governmental resources.

11:00 a.m. – 2:30 p.m.Vizcaya Museum and Gardens Tour

Tour departs from in hotel lobby at 10:45 a.m.

Vizcaya is a NationalHistoric Landmarkowned by Miami-Dade County andaccredited by theAmerican Associationof Museums. VizcayaMuseum and

Gardens, built in the 1910s, is a serene and stunninglybeautiful retreat with magnificent art, interior design,architecture, landscape design and horticulture.

This pre-registered tour, organized by NALHFA includestransportation and lunch on thegrounds.

3:00 p.m. – 7:00 p.m.Exhibitor Set-UpExhibit Hall – Jasmine Room

3:00 p.m. – 6:00 p.m.Pre-Conference RegistrationPromenade – Terrace Level

4:00 p.m. – 5:00 p.m.Affiliate ForumTuttle South

5:00 p.m. – 7:30 p.m.Board of Directors MeetingTuttle South

Thursday, November 157:30 a.m. – 9:30 a.m.Audio/Visual RoomAzalea A

Guest speakers, moderators and panelists: rememberto drop off your presentations at the A/V room.

7:30 a.m. – 3:30 p.m. Conference Registration and InformationRegency Ballroom Pre-Function Area

7:30 a.m. – 3:30 p.m. Exhibit HallJasmine Room

8:00 a.m. – 8:45 a.m.NALHFA Orientation BreakfastHibiscus B

A must-attend for new members and first-time atten-dees interested in learning more about NALHFA. Joinboard members, committee chairs and staff mem-bers as they share information on NALHFA’s programs and conferences, and invite you to becomeinvolved. This breakfast is an invitation-only event.

Conference Program

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Conference Program (continued)

Thursday, November 158:00 a.m. – 8:45 a.m.Continental BreakfastExhibit Hall – Jasmine RoomSponsored by Morgan Keegan & Company

8:00 a.m. – 5:00 p.m.Cyber CaféExhibit Hall – Jasmine Room

9:00 a.m. – 10:15 a.m.Opening General SessionRegency Ballroom – Brickell and Flagler

Remarks: Olson Lee, NALHFA President Welcome Address: The Honorable Barbara Jordan,

Miami-Dade Board of County CommissionersKeynote Presentation: “Green Concept to

Sustainable Development,” Steven Ross Luria,Roomscapes, Inc. and Ariovistus Lundy, PalmettoHomes of Miami

Green affordable housing directlybenefits individuals and families inneed by reducing energy bills andcreating healthier living environ-ments.

It is important that housing financeagencies creating green affordablehousing find the right partners toensure success. HFAs face an addi-tional obstacle in adding energyefficient features while keeping costsat a minimum. Experienced partnerswho understand both the designand building materials and the

affordable housing component are essential.

The architect and the builder of the first affordableyet comprehensively constructed sustainable “green”home in Miami-Dade County and the City of Miamihave joined forces to share their stories from conceptto construction.

Ariovistus Lundy, owner of Palmetto Homes, aproven affordable housing builder, specializes inhigh-end affordable homes in the City of Miami’sLiberty City neighborhoods. Steve Luria, owner ofRoomscapes Inc., the architect, was courageousenough to put his academically acquired greenknowledge on paper to be cast into mortar. Together,they have successfully incorporated more than 89points of green in a breathtaking affordably built sustainable house.

This innovative project has been qualified to partici-pate in the LEED for homes pilot program, and sub-stantially exceeds Florida Green Building Coalitionstandards.

10:30 a.m. – 12:00 p.m.Concurrent Sessions

Basics of Multifamily Housing BondsTuttle North

Instructor: Ernestine Garey, Atlanta Development Authority, GA

This session discusses the different types of bondsissued for multifamily rental housing and the rulesand regulations governing their use. Agency boardmembers and staff learn about “good money” vs.“bad money,” the qualification of rental housing,income rules for tenants and combining the use oftax-exempt housing bonds with federal low-incomehousing tax credits.

The session provides a concise overview of how tofinance affordable rental housing, including the step-by-step process from application to bond closing, thevarious roles of all parties in the transaction and theflow of funds.

8 |

Steven Ross Luria

Ario Lundy

Green Affordable HousingHibiscus A

Moderator: Kent Robbins, Minneapolis Community Planning and Economic Development, MN

Panelists:William Jones, Enterprise Community Partners,

Los Angeles, CAElizabeth Ryan, Minneapolis Community Planning

and Economic Development, MN

Housing stock in the United States consumes roughly20 percent of our primary energy and raw materials,and accounts for one-fifth of our nation’s climatechanging pollution (5 percent of the world’s). Buildingsalso contribute to global warming by generating 30 per-cent of CO2 emissions in the United States.

Green affordable housingdirectly benefits individuals andfamilies by reducing energy bills andcreating healthier living environments. Thissession re-examines the definition and requirements forLeadership in Energy and Environmental Design (LEED)Certification. Find out about financial rebates andincentives from utility power companies. Public UtilityCommissions are beginning to offer their customersrebates when they install renewable energy systems.Green initiatives throughout the country are offeringgrants, loans and tax incentives to build green housing.Participants will discover that “green communities”offer enhanced energy and natural resource conserva-tion. Come prepared to share your green housing proj-ects with the panel’s attendees!

Fannie Mae is proud to support the 2007 National

Association of Local Housing Finance Agencies Fall

Educational Conference.

We salute your commitment to financing affordable

housing in communities all across the country.

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Thursday, November 15Hot Topics in Single-Family Finance

Hibiscus B

Moderator: Robert Coleman, Morgan Keegan & Company, Memphis, TN

Panelists: Warren Bloom, Greenberg Traurig, Orlando, FLLou Caresani, U.S. Bank Home Mortgage, MRBP

Division, Bedford, OHCraig Ferguson, Regional Council of Rural Counties,

Sacramento, CAMark Spates, Freddie Mac, McLean, VA

Turbulent markets make for exciting times. This certainly has been the case for the past few monthsin the single-family marketplace. The liquidity crisishas created a different landscape for issuers andother program partners. We must now re-evaluatehow to serve a diverse group of potential borrowers,particularly those in need of non-traditional financ-ing. In addition, the recent boom in single-familybond issuance also has left many issuers dealing withthe challenge of limited volume cap.

The session addresses these changing conditions andhow they are being addressed through expanded mort-gage products, such as 40-year, interest-only periodsand second mortgages, as well as through the use oftaxable bonds. Presenters highlight the unique natureof second mortgage servicing as well as the increasingimportance of maintaining lender relationships.

Ensuring Home Buying SuccessTuttle South

Moderator: Patricia Braynon, Housing Finance Authority of Miami-Dade County, FL

Panelists:Larry Flood, RBC Capital Markets, New York, NYOpal Jones, Miami-Dade Affordable Housing

Foundation, Inc., FLBarbara H. Martin, Genworth Mortgage

Insurance, Raleigh, NC

This session highlights key elements of homebuyer programs that help buyers attainsuccessful homeownership as well as pro-gram features designed for long-term success.Creative mortgage products, like the 80-20 loan andinnovative underwriting products that help agenciesreach the tougher edges of the market, may be hereto stay. Grassroots efforts, like escrow assistanceaccounts and resurrecting and sustaining IndividualDevelopment Accounts, are newer and not yet triedand true. Additionally, some markets have seen thebirth of post-purchase programs that start with anintroduction to homebuyer education and roll intoanti-predatory lending programs.

12:00 p.m. – 1:15 p.m.NALHFA LuncheonRegency Ballroom – Brickell and FlaglerSponsored by Freddie Mac

Remarks: Olson Lee, NALHFA PresidentSession Presentation: “The Future of FHA,” John L.

Garvin, Senior Advisor to the Assistant Secretaryfor Housing – Federal Housing Commissioner

The Federal Housing Commission is responsible foroverseeing the $400 billion Federal HousingAdministration (FHA) insurance portfolio. SeniorAdvisor Garvin shares his insight on FHA and reformsneeded to ensure that the Administration stays rele-vant in an ever-changing housing marketplace.

1:30 p.m. – 3:00 p.m.Concurrent Sessions

Increasing Lender Involvement with HFAsTuttle North

Moderator: Patricia Denihan, eHousing Plus, Cooper City, FL

Panelists:Wendy Durant, Chase, Boca Raton, FLEmilio Fernandez, Citibank FSB, Miami, FLSheryl Krocek, U.S. Bank Home Mortgage – MRBP

Division, Bedford, OHTom O’Neill, Countrywide, Rolling Meadows, IL

Conference Program (continued)

| 11

Conference Program (continued)

Thursday, November 15This session focuses on administrative and program-matic ways of capturing and keeping lender attentionand involvement in single-family Mortgage RevenueBonds (MRB) programs. Lenders explore the attrac-tions of single-family MRB programs, including initialand continuing program paperwork, subsidies, lenderinput and other program features. While each pan-elist provides a brief presentation, the session is pri-marily focused on an exchange of information amongthe session attendees and the panelists. Among thepanelists are some of the largest lenders in MRB pro-grams in the United States.

Hot Topics in Multifamily FinanceHibiscus A

Moderator: Jay Jensen, Shelter Corporation, Minnetonka, MN

Panelists:Dana Colucci, Greystone Mortgage, Birmingham, ALHelen Feinberg, RBC Capital Markets,

St. Petersburg, FLKim Griffith, Freddie Mac, McLean, VAJim Peffley, Fannie Mae, Wilmington, DE

This advanced session reveals financing secrets forexisting, new construction, substantial rehabilitationand preservation of rental housing in today’s market.Each panelist discusses a broad rental housing scenario in an open format and focus on structuring501(c)(3) bonds, private activity bond allocation and9 percent tax credits

Each scenario includes an investment banker, a creditenhancer, a bond purchaser and an attorney to revealunderwriting criteria, such as loan to value, debt serv-ice coverage, fees and other factors critical to a suc-cessful financing.

Sub-Prime and Predatory Lending Hibiscus B

Moderator: Beth Siville, George K. Baum & Company, Denver, CO

Panelists:Mark Anderson, City of Minneapolis, MNDon Horn, Miami-Dade Housing Finance Authority, FLBill Sanchez, Tampa Bay CDC, FLDana Snell, Minnesota Home Ownership Center, MN

It’s all over the news. The problem with the housingmarket is the sub-prime market. This session explainswhat really is happening and the impact it will havein the next year.

Panelists explore the difference between sub-primeand predatory lending, and how it impacts commu-nities; lenders’ and nonprofits’ responses to thechanging market; and where local HFAs fit in thisnew marketplace. This session also discusses newprograms to help borrowers and how counselingagencies are addressing the great demand for theirservices. Join us for a group discussion on this veryhot topic.

Affordable Housing for Today’s WorkforceTuttle South

Moderator: Bob Reid, Bryant Miller Olive, Tallahassee, FL

Panelists:Tammie Nemecek, Economic Development Council

of Collier County, Naples, FLCari Roth, Bryant Miller Olive P.A., Tallahassee, FLHarry Sewell, District of Columbia Housing Finance

Agency, Washington, DCDavid Westcott, Florida Housing Finance

Corporation, Tallahassee, FL

A growing number of communities face escalatinghousing costs due to a lack in available affordablehousing options for their essential workforce. Thissession focuses on legal and programmatic issuesfacing local governments; communities seeking to

12 |

Trish Storm(216) 475-8273

patricia.storm@usbank.com

Sheryl Krocek(216) 475-7719

sheryl.krocek@usbank.com

Scott Schmitt(630) 395-9170

scott.schmitt@usbank.com

Conference Program (continued)

| 15

Thursday, November 15address the need for affordable workforce housing;and creating local solutions that foster the creationand preservation of housing. Topics include, a reviewof the service industries’ need for housing in high-cost areas, impact of local laws, such as InclusionaryZoning Ordinances and alternatives for incentive-based local initiatives, use of Community Land Trustsand state initiatives. Panelists provide brief presenta-tions, with the remainder of the session reserved foran exchange of information and issues between ses-sion attendees and panelists.

3:00 p.m. – 3:30 p.m.Refreshment BreakExhibit Hall – Jasmine RoomSponsored by Regions Bank – Corporate Trust

3:30 p.m. – 5:15 p.m.Off-Site Project Tours

You must sign up for these tours in the registrationarea, as space is limited. The tours meet promptly at3:20 p.m. in the hotel lobby.

To better illustrate how Miami is meeting the needsof its community, there are two off-site tours.

Miami River Redevelopment TourSponsored by Miami River Commission

Cruise on the MiamiRiver to witness theredevelopmentprogress on alongthe shoreline. Viewthe transformationas new riverwalk sec-

tions, homes and businesses are expanding, making itan obligatory destination to travelers and locals.More than 3,300 residences have been completedand nearly 4,300 are scheduled to open in the nexttwo years. With restaurants continuing to open andthrive, the Miami River is destined to become thenext South Beach of Downtown Miami.

Building Green andAffordable Tour

This tour focuseson how to buildgreen and afford-able housing.Attendees tour the“model greenbuilding” homewhich shares the

benefits of going green and compares the cost andbenefits of incorporating green design into affordablehousing. The architect and builder explain how to beeconomically feasible while retaining and expressingecologically and culturally sensitive architecture.

5:00 p.m. – 7:00 p.m.Audio/Visual RoomAzalea A

Guest speakers, moderators and panelists: rememberto drop off your presentations at the A/V room.

6:00 p.m. – 7:30 p.m.Exhibitors’ ReceptionExhibit Hall – Jasmine RoomSponsored by George K. Baum & Company

Friday, November 167:30 a.m. – 9:30 a.m.Audio/Visual RoomAzalea A

Guest speakers, moderators and panelists: rememberto drop off your presentations at the A/V room.

8:00 a.m. – 2:00 p.m.Exhibit HallJasmine Room

8:00 a.m. – 3:00 p.m.Conference Registration and InformationRegency Ballroom Pre-Function Area

Conference Program (continued)

Friday, November 168:00 a.m. – 8:45 a.m.Continental Breakfast Exhibit Hall – Jasmine Room

8:00 a.m. – 5:00 p.m.Cyber CaféExhibit Hall – Jasmine Room

8:00 a.m. – 8:45 a.m.Legislative Committee MeetingTuttle North

8:00 a.m. – 8:45 a.m.Member Services Committee MeetingTuttle South

9:00 a.m. – 10:15 a.m.General SessionRegency Ballroom – Brickell and FlaglerSponsored by Fannie Mae

Remarks: Patricia Braynon, NALHFA Vice-PresidentSession Presentation: “Building Enduring

Organizations Through Branding,” Bruce Turkel,TURKEL

As CEO of the thriving brand man-agement firm TURKEL, Bruce hasbeen creating and working with suc-cessful companies and organiza-tions for more than 25 years. In hispresentation, Bruce shares hisknowledge on building enduring

brands while managing and nurturing staff creativity.He has authored three books, including most recently,Building Brand Value. Attendees learn how to excel inlife as well as in business through Bruce’s straightfor-ward yet memorable presentation.

10:30 a.m. – 12:00 p.m.Concurrent Sessions

Bonds for BeginnersHibiscus A & B

Instructor: Mtumishi St. Julien, The Finance Authority of New Orleans, LA

Do you need a refresher course in private activitybond issuance? Are you unclear on the bond issuanceprocess? If so, this session answers all your basicquestions. Set in an instructional, yet interactive set-ting, discussions pinpoint all the fundamental con-cepts. Subjects include the definition of a bond andits relation to other financing instruments, measuringprice, interest and yield, who can issue bonds and theimpact of volume cap on bond issuance, how a pub-lic agency issues bonds, the primary players and doc-uments in a bond issue, and the flow of funds. Comeprepared to work in groups, answer questions andhave fun!

Condominiums: Urban Development &Affordable OpportunityTuttle North

Moderator: Marianne Edmonds, Public Resources Advisory Group, St. Petersburg, FL

Panelists:Debra F. Koehler, Atlantic American Realty Group,

LLC, Tampa, FL

Peter McDougal, Citibank, Miami, FL

This session focuses on how condominiums impacturban development and affordable housing fromcondo conversions to new developments. The sessionalso explores how condo deals are structured andtheir effect on local markets.

Many developers are finishing large scale condo-minium projects which broke ground during the hous-ing market boom only to see a giant shift in the market.The session discusses how HFAs can take advantage ofan overbuilding situation in communities by addingaffordable housing components to the projects.

16 |

Bruce Turkel

Impact of Foreclosures in Your CommunityTuttle South

Moderator: Tom Cummings, Urban Redevelopment Authority, Pittsburgh, PA

Panelists:Cheryl Crawford, Freddie Mac, McLean, VAJerry Durham, Countrywide Home Loans, Plano, TXBenny Rodriguez, Southeast Texas Housing Finance

Corporation, Houston, TX

In newspapers throughout the country, headlines read“foreclosure rates hit all-time high.” Local HFAs andtheir partners are doing what they can to minimizethe impact of foreclosures on their communities.

This session focuses on how to get foreclosed proper-ties back on the market through successful rehabilita-tion programs, the impact of foreclosure rates onother investments and HFA programs focused onforeclosure prevention.

12:00 p.m. – 1:15 p.m.Awards LuncheonRegency Ballroom – Brickell and FlaglerSponsored by U.S. Bank Home Mortgage

Remarks: Olson Lee, NALHFA PresidentPresentation of Awards: Ron Williams, NALHFA

Awards ChairmanLegislative Update: John Murphy, NALHFA Executive

Director

1:30 p.m. – 3:00 p.m.Concurrent Sessions

Bonds for Beginners – Part TwoHibiscus A & B

Instructor: Mtumishi St. Julien, The Finance Authority of New Orleans, LA

This session builds on the basic concepts of bondfinancing. Discussions include credit enhancement,cash flow analysis, and the role of rating agenciesand issues of disclosure in a bond deal. After thiscourse, participants have an understanding of the

more complex areas of bondfinance and an opportunity totest their knowledge on the majorconcepts from both Bonds for Beginnerssessions.

Texas Hold ‘Em and Fold ‘Em Reinvestment &Derivatives GameTuttle South

Moderator: Mary Packer, PackerKiss Securities, Delray Beach, FL

Panelists:Mikiyan Alexander, Standard & Poor’s, New York, NYPamela Black, Wells Fargo Bank Trust Services, Ft.

Worth, TX

5610 Ridge Road • Cleveland, OH 44129Ph: 440-866-0070 • Fax: 440-866-0120

www.leaderfinancial.net

Helping make the dream of homeownership a reality for all…

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Friday, November 16Linda Dufresne, CPA, Dufresne & Associates, CPA,

PA, Orange Park, FLMatt Meaney, AEGON Institutional Markets, Inc.,

Louisville, KYIt’s not quite casino-style poker, but it is just as muchfun. A panel of industry experts provides a wealth ofinformation in the format of a card game—pokerchips included! The seminar, presented in a fun,interactive format, addresses current reinvestmentand derivative issues, arbitrage rebate, rating agencyissues, insurer concerns, trustee administration andcompliance monitoring topics. All “contestants”receive prizes.

Successful RedevelopmentTuttle North

Moderator: Ken Stewart, Redevelopment Authority of Prince George’s County, MD

Panelists:Ad Eichner Esq., Eichner & Norris, PLLC,

Washington, DCPatti Grant-Wilkinson, Bryant Miller-Olive,

Washington, DCRandy Kahn, Capmark Finance Inc., Washington DC

Learn about the differences between private-activitymortgage revenue bonds for affordable housing andgovernmental purpose bonds for large-scale redevel-opment projects. Explore new eligibility guidelines forusing tax-exempt bonds to finance site acquisition,demolition and development costs for mixed-use proj-ects, including new flexibility with respect to definingtarget populations and meeting minimum income-targeting requirements. Discover new techniques foradding value prior to disposition to private-sectordevelopment partners, including agency-driven rezon-ing and the use of detailed market feasibility analysesto attract private investment into areas that had beenperceived as economically distressed communities.The discussion includes case studies covering mixed-use transit-oriented development projects and large-scale residential redevelopment projects.

6:00 p.m. – 7:30 p.m.Off-Site Reception Jungle IslandSponsored by Housing Finance Authority of

Miami-Dade County

Buses begin departing from the hotel lobby entranceat 5:45 p.m.

Join NALHFA for an unforgettable evening at JungleIsland along Biscayne Bay. More than 500 species oftrees and plants, and more than 3,000 animals,including birds, reptiles and primates, call JungleIsland their home. The reception showcases the cul-ture of Miami with interactive animal shows, paellaextravaganza and Brazilian dancers. The receptiontakes place at the Garden Outpost, a beautifullymanicured grassy area that overlooks Biscayne Bay.

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Conference Program (continued)

© 2007 Regions Bank. Member FDIC.

Working on a bond issue and need a trustee?

For over 75 years Regions Bank has been serving as trustee and paying agent for bond issues. With Regions, you’re not only getting experience that includes single and multifamily housing finances, but you’re also getting a dedicated Relationship Manager to handle all your trustee needs.

regions.com Scott Rearden: 205.326.7146 or scott.rearden@regions.com

G-WLT-P72279 NALHFA_Ad.indd 1 9/10/07 8:37:59 A

NALHFA Cyber Café

The NALHFA Cyber Café is open during conferencehours. Stop by to check your e-mail and get anupdate on the market conditions, without leavingthe conference.

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Saturday, November 179:30 a.m. – 12:00 p.m.Affordable Housing Bus Tour

Buses depart from the hotel lobby entrance at 9:20 a.m.

Join NALHFA on a tour of the unique housing situa-tion in Miami. Miami is known for its diversity, andthe housing options available throughout Miami-Dade County have something for everyone dependingon their decision to own or rent.

Tour highlights include a visit to the South Beachneighborhood with rental units available to differentgroups of people, whether they are workforce, specialneeds, elderly or mixed-income persons. The tourcontinues through Midtown Miami with its marketrate housing/commercial urban redevelopment proj-ects and concludes with a visit to visit to LittleHavana which highlights homeownership, rental andmixed-use developments in the city.

The bus tour provides an up-close look at programs andstrategies used to meet affordablehousing needs by local housing financeagencies. It is an excellent opportunity to comparenotes with other practitioners and learn differentapproaches to solving the challenges in your owncommunity.

NALHFA would like to thank the Housing Finance Authority of Miami-Dade County for their hard work and generous support of the2007 NALHFA Fall Educational Conference.

Hotel Information/Locator Map

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Hyatt Regency Miami400 South East Second AvenueMiami, FL 33131Phone: (305) 358-1234Web Site: www.miamiregency.hyatt.com

Credit is subject to approval. Rates and programs are subject to change; certain restrictions apply. FDIC Insured. ©2007 Washington Mutual, Inc.

WaMu is proud to sponsor the NALHFA Fall Educational Conference. Together wecan develop the blueprints for affordable solutions. The WaMu Community Lendingprogram simplifies everything with competitive loan terms, one set of paperwork andapprovals, and specialized lenders to help get your project up and running. So beforeyou break ground, contact us at Community Lending@wamu.net.

We make building affordable housing

more affordable.

Community Lending

Community Development Lending3030 N. Rocky Point Drive, Suite 365Tampa, FL 33607(813) 282-2891

7.5x10_NALHFA.indd 1 10/17/07 9:15:31 AM

22 |

The Bank of New York Trust Company, N.A.

Bryant Miller Olive, P.A.

Causey Demgen & Moore, Inc.

CitiMortgage, Inc.

Community Development Commission of the County of LA

Countrywide Home Loans, Inc.

CSG Advisors, Inc.

Dakota County Community Development Agency

Denihan & Associates

Emphasys Software

Fannie Mae

First Housing

First Southwest Company

Freddie Mac

George K. Baum & Company

Greenberg Traurig, P.A.

Housing Development Software

Kutak Rock LLP

Leader Financial Services

Morgan Keegan & Company, Inc.

PackerKiss Securities, Inc. (“PK Securities”)

Raymond James

RBC Capital Markets

Regions Bank Corporate Trust Services

San Francisco Redevelopment Agency

Southeast Texas Housing Finance Corporation

Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A.

U.S. Bank Home Mortgage – MRBP Division

U.S. Bank N.A.

Washington Mutual

Wells Fargo Corporate Trust Services

Sponsor List

| 23

The Bank of New York Trust Company, N.A.For the fourth consecutive year, The Bank of New Yorkis rated the number one overall trustee in new debtissues for U.S. taxable and municipal debt markets.Their consistent number one ranking reflects theirclients’ confidence in their commitment to providingcustomized client-focused solutions, innovative prod-ucts and financing structures, and cutting-edge tech-nology. For more information, please contact TroyKilpatrick, Managing Director, at (800) 705-0384.

www.bnyhousing.com

Bryant Miller OliveBryant Miller Olive P.A., an innovative leader inaffordable housing finance for more than 25 years,represents issuers, borrowers, lenders and underwriters.Using a team approach that involves theirGovernmental Consulting, Land Use, Real Property,State and Local Government, and Administrative Lawexperts, the firm is an active partner with the housingcommunity in developing creative, affordable solutions. Recognized for its federal tax expertise,Bryant Miller Olive offers arbitrage services throughits subsidiary, Integrity Public Finance Consulting,LLC. For more information, contact Bob Reid atbried@bmolaw.com or (850) 222-8611, or PattiGrant-Wilkinson at pwilkinson@bmolaw.com or(202) 551-1442.

www.bmolaw.com

Causey Demgen & Moore Inc.Causey Demgen & Moore Inc. provides a completerange of services for the financing, construction andoperation of multifamily housing projects, as well asother services to the real estate industry. The firm’sservices include cash flow verifications for insuredlow-income, single-family and multifamily mortgagerevenue bonds; cost certifications for HUD, statehousing finance authorities, and other HUD and gen-eral audits and tax matters of real estate operations;calculation of low-income housing credit and certi-fied historic credit; and problem debt work-outanalyses.

www.cdmcpa.com/housing.htm

CitiMortgage, Inc.Specializing in nationwide home mortgage lending,CitiMortgage is a premier mortgage servicer.CitiMortgage offers homeownership solutions fordiverse borrowers, including low- to moderate-income and first-time homebuyers, through relation-ships with housing finance agencies. They also pro-vide servicing and program administration of tax-exempt and taxable mortgage revenue bond issues. A member of Citigroup. For more information, call(800) 784-8396.

www.citimortgage.com

Sponsor Descriptions

Sponsor Descriptions (continued)

24 |

Community Development Commission of theCounty of LAThe Community Development Commission of theCounty of Los Angeles (CDC) serves as the County’sHousing Authority (HACoLA), community and eco-nomic redevelopment agencies, and administrator ofCDBG and HOME Programs for the County and 47cities. CDC/HCoLA issues Multifamily HousingBonds and is a lender for affordable and specialneeds housing within the County’s 87 cities. Single-Family Bonds are issued through the SouthernCalifornia Home Financing Authority (SCHFA).

www.lacdc.org

Countrywide Home Loans, Inc.Countrywide Home Loans, Inc., is a recognizedexpert in master servicing and program administra-tion for single-family mortgage revenue bond loans.They provide Internet technology, including pipelinemonitoring, loan reservations, standard reports andcustom demographic reports. Throughout their 36-year history, they have made lowering the thresh-old to homeownership one of their primary goals.For homebuyers, the depth of Countrywide’s prod-ucts and services makes the entire loan process easyand affordable. They offer rural housing, bondfinancing, 203(k) rehabilitation, community seconds,homebuyer counseling and Fannie Mae affordablehousing partnerships. Visit their Web site today andput the experience and commitment of Countrywideto work for you.

www.chl-mrb.com

CSG Advisors, Inc.CSG Advisors serves as an independent financialadvisor to state and local governments, public agen-cies, nonprofit corporations, financial institutionsand development firms. CSG specializes in bondfinancing, development negotiations, and financialstrategies and programs. Their aim is to assure thateach individual financing and program meets theclient’s overall policies and objectives, rather thanview it on a stand-alone basis.

As an independent financial advisor, CSG workseffectively with the widest range of investmentbankers and credit enhancers. They do not under-write bonds or other securities and do not provideservices to underwriters. CSG’s primary focus is onoverall financial strategies and consulting assign-ments although they structure a number of financ-ings a year.

www.csgadvisors.com

Dakota County Community Development AgencyThe Dakota County Community Development Agencywas established in 1971 and has since grown intoone of the largest housing and community develop-ment program providers in Minnesota. DakotaCounty CDA serves the cities and residents of DakotaCounty and is located south of Minneapolis and St.Paul.

www.dakotacda.org

| 25

Denihan & Associates Denihan and Associates has been involved in pro-gram administration and marketing of single-familyprograms since 1991. Innovative use of technologyhas allowed them to redefine the way the business isdone and made it easier for Issuers and lenders toimplement single family programs. They have servedhundreds of programs that delivered more than $4billion single family dollars.

www.denihanassoc.com

Emphasys Software Emphasys Software (Emphasys) provides softwareand services designed specifically for public housingauthorities (PHAs) and housing finance agencies(HFAs). They offer agencies the financial tools toassist in managing multiple funding sources and theoperational support for housing program manage-ment. Their products include bond financial, single-family and multifamily software systems, as well asSection-8 contract administration, vouchers andwaiting list.

www.emphasysworld.com

Fannie MaeFannie Mae is in the American dream business. Theirmission is to tear down barriers, lower costs, andincrease the opportunities for homeownership andaffordable rental housing through the developmentof mortgage products, services, investments, tech-nology, national partnerships and local initiatives.Having a safe place to call home strengthens families,communities and the nation as a whole. For moreinformation, contact Maureen Rude atmaureen_rude@fanniemae.com or (406) 443-6942.

www.fanniemae.com

First HousingFirst Housing has more than two decades of continu-ous service in the mortgage banking field, offering afull range of mortgage banking services. They alsooffer compliance training on the Tax Credit Programbased on the regulatory guidelines. This type of train-ing helps keep your property in compliance.

www.firsthousingfl.com

Sponsor Descriptions (continued)

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First Southwest CompanyFirst Southwest Company (FSC) is a full-serviceinvestment-banking firm that has served publicfinance clients for 60 years and is a leader in repre-senting housing issuers across the country. FirstSouthwest is ranked the number two financial advi-sor for number of issues, total number of transac-tions and ranked the number three financial advisorfor par amount exceeding $95 billion nationally,according to the Thompson Financial Securities data(February 1, 2001 to February 1, 2006).

www.firstsouthwest.com

Freddie MacFreddie Mac is a stockholder-owned corporationestablished by Congress in support of homeowner-ship and rental housing. Freddie Mac purchases single-family and multifamily residential mortgagesand mortgage-related securities, which it finances primarily by issuing mortgage pass-through securitiesand debt instruments in the capital markets. FreddieMac has made homeownership possible for one in sixhomebuyers in America, and more than two millionrenters across America throughout the years.

www.freddiemac.com

George K. Baum & CompanyFounded in 1928, George K. Baum & Company is afull-service investment banking firm providing under-writing and financial advisory services to local andstate housing agencies from coast to coast.

www.gkbaum.com

Greenberg Traurig, P.A.Greenberg Traurig, P.A. (GT) is active in every aspectof affordable housing tax exempt financing. The firmacts in the roles of Issuer’s Counsel, Bond Counsel,Underwriter’s Counsel and Credit Enhancer’s counselon virtually every type of housing financing. TheFlorida offices of GT represent issuers such as FloridaHousing Finance Corporation, Orange CountyHousing Finance Authority, Manatee County HousingFinance Authority, Palm Beach County HousingFinance Authority, the Orlando Housing Authority,the Arcadia Housing Authority, and other municipali-ties and governments of limited purposes in connec-tion with the financing of multifamily apartmentcomplexes and affordable single-family homes.Attorneys in the Orlando office also regularly repre-sent purchasers of high -yield housing bonds on anational basis, including bonds issued under theGulf Opportunity Zone statute for devastated areasin Louisiana, Alabama and Mississippi..

www.gtlaw.com

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Housing and Development SoftwareEstablished in 1998, Housing and DevelopmentSoftware (HDS) is number one in the affordablehousing market. HDS offers Section-8 contractadministration, multifamily management, single-familymanagement, funds management, loan servicing, andmaster servicing systems, and set a new standard inthe single-family market by transforming the methodof committing, reviewing, purchasing and servicingsingle-family loans.

www.hdsoftware.com

Kutak Rock LLPKutak Rock LLP’s reputation as a leader in the publicfinance area was built on its ability to devise innova-tive strategies to operate in the dynamic environmentof tax-exempt financing, particularly with complexand innovative issues. The firm has participated inthousands of tax-exempt public finance transactions,representing issuers as bond counsel in all 50 statesand serving as underwriter’s counsel to numerousnational and regional investment banking firms, aswell as national finance counsel for more than 20 major corporations. Kutak Rock is among themost active bond counsel and underwriter counselfirms in the nation.

www.kutakrock.com

Leader Financial ServicesLeader Financial Services’ mission is to assist in pro-viding affordable housing to first-time homebuyersby servicing residential mortgage loans originatedunder various HFA programs. They seek to blend thebest of both traditional and innovative mortgagebanking services, while adding value to the housingfinance agency partnership.

www.leaderfinancial.net

Morgan Keegan & Company, Inc.Morgan Keegan is a full-service investment bankingfirm with a specific emphasis and expertise in struc-turing and underwriting housing bonds for local andstate housing finance agencies nationwide, complet-ing more than 480 single-family bond issues totalingmore than $18.9 billion. The firm has nearly 870retail brokers, 170 institutional brokers and equitycapital of more than $525 million.

www.morgankeegan.com

Morgan Keegan

Sponsor Descriptions (continued)

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PackerKiss Securities, Inc. (“PK Securities”)The professionals at PackerKiss Securities, Inc. (“PKSecurities”), specialize in serving municipal entitiesproceeds reinvestment, formulating innovative solu-tions for both tax-exempt and taxable transactionsand in derivative product needs, including independ-ent valuation and shadow-pricing services. PKSecurities is home of eGIC®, a proprietary Internetdocument management and live-time bidding site. PKSecurities has offices in Florida and California.

www.pksecurities.com

Raymond James & Associates, Inc.Raymond James Financial Services, Inc., (NYSE-RJF)is a diversified financial services holding companywhose subsidiaries engage primarily in securities bro-kerage, investment banking, asset management andbanking services. Its three broker/dealer subsidiaries(Raymond James & Associates, Inc., Raymond JamesFinancial Services, Inc. and Raymond James Ltd.)have more than 5,100 financial advisors in approxi-mately 2,200 locations throughout the United States,Canada and overseas, and provide financial servicesto more than one million individual and institutionalclient accounts. Complementing this distribution net-work, Raymond James & Associates is a leadingnational investment banking firm, specializing in spe-cific industry groups.

www.raymondjames.com

RBC Capital MarketsRBC Capital Markets (“RBCCM”) is the name underwhich the Royal Bank of Canada conducts invest-ment banking and tax credit syndication services inthe United States. The firm’s affordable housingfinance group of 25 professionals has closed single-family and multifamily bond issues using virtuallyevery structure available in the marketplace todayand serves as underwriter for 36 local housingfinance agencies throughout the country.

www.rbccm.com

Regions Bank Corporate Trust Services Regions Bank, one of the top trustee banks in thecountry, has extensive expertise in administering single- and multifamily housing bond issues. Theirclients have a designated relationship manager andtrust associate who works closely with them before,during and after the closing of the bond issue. Lettheir relationship managers tailor trustee services tomatch your housing financing needs. Contact ScottRearden at (205) 326-7146 orscott.rearden@regions.com.

www.regions.com

PK SecuritiesOPTIMAL REINVESTMENT SOLUTIONS

| 29

San Francisco Redevelopment AgencyThe San Francisco Redevelopment Agency is theCity’s primary affordable housing and economicdevelopment arm. Incorporated August 10, 1948,established for the purpose of improving the environ-ment of the City and creating better urban living con-ditions through the removal of blight. The SFRA iscommitted to building a better city.

www.sfgov.org/sfra

Southeast Texas Housing Finance CorporationThe Southeast Texas Housing Finance Corporation(SETH) has issued over $1.6 Billion in Single Familyand Multifamily Bonds since it was organized in1981. As a local regional housing finance agency,SETH also is the Contract Administrator for downpayment assistance programs, Mortgage CreditCertificates, home inspections for people with dis-abilities and provides loans to tax-credit developers.SETH also created the Bayou Country Housing TrustFund, Inc. as a 501(c)3 public charity non-profit.

www.sethfc.com

U.S. Bank Home Mortgage – MRBP DivisionU.S. Bank Home Mortgage is one of the nation’smost stable and respected lending institutions. Theircore competencies of, ‘take ownership, make it per-sonal, add value to every transaction, make courtesycommon and share knowledge’ are essential behav-iors all U.S. Bank employees must demonstrate tothemselves, co-workers and customers. With morethan 40 years experience in mortgage banking, theMRBP Division not only pioneered new methods ofmaster servicing and MRB program administration,but also exceeded the expectations of affordablehousing lenders, homebuyers and HFAs by providingthe highest level of service in the marketplace—thenand now.

www.mrbp.usbank.com

U.S. Bank N.A.

U.S. Bank Corporate Trust Services is a valued serviceprovider for a variety of municipal and corporatefinancings. Their experienced professionals under-stand the complexities of municipal transactions anduse their expertise, combined with the latest technol-ogy available, to meet each customer’s needs and fulfill their expectations for timeliness and accuracy.

www.usbank.com

Home Mortgage

Sponsor Descriptions (continued)

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Stearns Weaver Miller Weissler Alhadeff &Sitterson, P.A.Sterns Weaver’s affordable housing practice focuseson representing developers, who use tax credits, tax-exempt bond financing and other public funds forthe construction of affordable housing for low- andmoderate-income households, and represents lendersmaking construction loans or providing creditenhancement to developers of affordable housing.

Their team also has extensive experience as bondcounsel to several local housing finance agencies andhas many years of experience dealing with federally-assisted housing and providing on-going technicalassistance to this practice area.

www.stearnsweaver.com

Washington MutualWashington Mutual’s Community Lending andInvestment Division is responsible for providing pro-grams for multifamily community lending and invest-ments for credit under the Community ReinvestmentAct. Emphasis is placed on profitable and competi-tive affordable lending and investment programs thatcontribute to the enhancement of community andeconomic development.

www.wamu.com

Wells Fargo Corporate Trust ServicesWells Fargo is one of the largest corporate trustproviders in the nation, and one of the largestproviders of trustee services for housing bonds. Theyprovide corporate trust and related services for morethan 20,000 clients, offering a variety of fiduciaryand agency products to public and private corpora-tions, government entities and the banking and secu-rities industry. Wells Fargo works with 20 state hous-ing agencies and numerous local housing financeauthorities throughout the country.

www.wellsfargo.com

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Membership Information

NALHFA is the leading local affordable housingadvocate, influencing the shape and content of con-gressional legislation and agency regulations affectingaffordable housing finance.

NALHFA’s top priority is to take your concerns andgoals to Capitol Hill and present them to the mostinfluential lawmakers. NALHFA’s congressional lob-bying efforts resulted in numerous victories for thelocal housing industry, including the recent increasein the volume caps governing tax-exempt privateactivity bonds and low-income housing tax credits.

NALHFA’s educational conferences offer a variety oflearning experiences and access to the most currentand innovative affordable housing finance resources.

For complete membership information, please contact Julie Jacocks at (202) 367-1197 or jjacocks@nalhfa.org, or visit the registration desk andpick up a membership packet.

2008 NALHFA

SpringEducationalConference

April 16-19

Millennium Biltmore Hotel

Los Angeles, CA

The Community Development Commissionof the County of Los Angeles

Congratulations

on 25 years of affordablehousing advocacy

NALHFA

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& Better NeighborhoodsWe Build Better Lives

The Southeast Texas Housing Finance Corporation

congratulates NALHFA and

it’s Members for 25 years of providing affordable housing

and advocacy for families to achieve the American Dream.

WWW.SETHFC.COM (281) 484-4663

11111 SOUTH SAM HOUSTON PARKWAY EAST HOUSTON, TEXAS 77089

The San Francisco Redevelopment Agency and the Public Initiatives Development Corporation congratulate the NALHFA for 25 years of leadership in the field of Affordable Housing Finance.

The SFRA,the PIDC and theNALHFAworking togetherto build a better San Francisco

| 33

Notes

Notes

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Who we are…The National Association of Local Housing FinanceAgencies (NALHFA), founded in 1982, is the nationalassociation of professionals working to finance afford-able housing in the broader community developmentcontext at the local level. A not-for-profit association,NALHFA is an advocate before Congress and federalagencies on legislative and regulatory issues affectingaffordable housing. The association also provides technical assistance and educational opportunities to its members and the public.

VisionNALHFA’s vision is to be the premier national associationof local housing agencies and their partners providing avital marketplace for advancing the interests of our members.

MissionNALHFA’s mission is to provide leadership, advocacy andinnovation to professionals financing affordable housingat the local level.

2025 M Street, NW, Suite 800Washington, DC 20036-3309(202) 367-1197info@nalhfa.orgwww.nalhfa.org