Affordable Housing Finance is debuting its own version of ABC’s “Shark Tank” at its annual AHF Live: The 2016 Affordable Housing Developers Summit, which will be held Nov. 15-17 at the Hyatt Regency in Chicago.
The Affordable Housing Project Pitch panel, slated for the first day of the conference, will provide expertise for new developers or ones who have been having trouble getting traction on their real deals. Moderator R. Lee Harris, president and CEO of Cohen-Esrey Real Estate Services, and panelists Gary Gorman, CEO of Gorman & Co.; Linda Hill, vice president of Aegon USA Realty Advisors; Jeffrey Kittle, president and CEO of Herman & Kittle Properties; and Carolyn McMullen, vice president of Walker & Dunlop, will critique presentations, provide feedback, and maybe even express an interest in a partnership.
"This is a unique opportunity for developers to pitch real projects they are contemplating and receive valuable advice from highly regarded industry experts,” says Harris. “Where else can you go for a chance to get successful developers, lenders, and tax credit equity providers to take a look at a deal and offer ideas that may end up being the difference in winning a low-income housing tax credit (LIHTC) award?"
The session will also provide a good learning opportunity for audience members to hear what experts think about a deal.
If you are interested in pitching your development, please submit project proposals to Christine Serlin at firstname.lastname@example.org by Nov. 2. All developments should be real projects that will be competing for LIHTCs. Proposals must also include a full financial model in addition to sources and uses of funds as well as a single-page general summary that includes:
- Number of units and unit mix;
- Proposed rents and maximum allowable rents;
- Proposed amenities;
- General information about location and neighborhood;
- Estimated capture rate;
- Proposed source and use of funds including assumptions;
- Differentiating elements that you believe will help you win an award; and
- Any other information you believe may be pertinent.
The panelists will review all proposals and select the ones that will be presented during the session prior to the conference.
Attendance for AHF Live is reserved exclusively for those who are primarily owners or developers of affordable housing, plus state and local housing finance agency representatives and nonprofits focused on the business of affordable housing.
Register for the conference at www.ahflive.com. Discounts are available for nonprofits and multiple company registrations.