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Applegate & Thorne-Thomsen, P.C.

Thomas Thorne-Thomsen
322 S. Green Street, Suite 400
Chicago, IL 60607
Telephone: (312) 491-3324
Fax Number: (312) 421-6162
E-Mail: tthorne@att-law.com
Web: www.att-law.com

Organization Description
Applegate & Thorne-Thomsen, P.C. was formed in 1998 to serve it’s clients in all aspects of development, ownership, financing and investment in real estate. Lawyers in the firm have represented diverse real estate interests, from individual entrepreneurs to Fortune 100 corporations, from the sale of single family homes to the sale of multi-tenant downtown office buildings. We offer significant expertise with respect to the use of low-income housing tax credits as a means of affordable housing finance.Our practice includes experience in various HUD grant and loan programs for multi-family housing, public housing, redevelopment programs, transfers of physical assets, loan management matters and other publicly financed assisted and insured lending transactions involving multifamily properties. Although the Firm’s lawyers bring years of experience with Chicago’s large law firms, we have founded the Firm based on a recognition that we are best able to serve our clients’ needs from a smaller entrepreneurial setting which emphasizes service of the highest quality, delivered in the most efficient manner possible. We have left behind the trappings of the large law firm without sacrificing the needs of our clients to receive the most sophisticated and cutting-edge advice available. The Firm includes 16 lawyers and five legal assistants.



Bank of America

Ken Sofge, Senior Vice President
Community Development Banking
Sydicator Finance - Manager
Bank of America Plaza
333 S. Hope Street
Mail Code: CA9-193-11-03
Los Angeles, CA 90071
Telephone: (213) 621-4815
Fax Number: (213) 621-4828
E-Mail: kenneth.j.sofge@bankofamerica.com
Web: www.bankofamerica.com/community

Organization Description
Bank of America’s Community Development Bank (CDB) is dedicated to building strong communities through a diverse group of seasoned real estate professionals with a wide breadth of experience in community development. We lend and invest in low- and moderate-income developments in our local communities through tax credit programs, equity investments, predevelopment loans, bridge loans, construction loans and permanent loans. Our valued clients include individuals, agencies, investors, syndicators and developers, both nonprofit and for-profit. Bank of America invests in all segments of the LIHTC industry. These investments reach populations such as the elderly and persons with special needs including the formerly homeless, HIV/AIDS and those struggling with mental illness and substance abuse. Bank of America is one of the first investors to establish a LIHTC investment fund targeted to Indian Country and rural projects. A significant portion of the population is with non-profit developers who target the most difficult markets and populations. Community Development Banking is designed to drive needed capital into the communities we serve through Bank of America’s 10 year national pledge to loan and invest $750 billion in community development. Syndicator Finance is a team of CDB relationship managers focused on coordinating the delivery of financial products and services to a select group of tax credit syndicators. Because syndicators operate in a specialized industry with specialized financing needs, Syndicator Finance is dedicated to the understanding of this unique industry with the goal of delivering debt products and other services. Syndicator Finance also works closely with syndicators to develop credit-enhanced debt programs designed to enhance debt opportunities associated with the lower-tier project financing (both construction and term projects). Furthermore, Syndicator Finance’s dedicated Relationship Manager brings consistency of execution for the syndicator across the Bank’s franchise.Syndicator Finance often acts as a liaison between the syndicator and the Community Development Lending team, particularly if problems arise in the process. Collaboration with Community Development Lending is essential to create an exceptional client experience.



Carle, Mackie, Power & Ross, LLP - Attorneys

Richard Power, Partner, Head of Affordable Housing Group
100 B Street, Suite 400
Santa Rosa, CA 95401
Telephone: (707) 526-4200
Fax Number: (707) 526-4707
E-Mail: rpower@cmprlaw.com
Web: www.cmprlaw.com

Organization Description

Carle, Mackie, Power & Ross LLP (CMPR) is nationally recognized as a leading law firm in the area of affordable housing. It handles all aspects of affordable housing transactions including: advising developers on site acquisition and negotiation of tax credit equity, bond and debt funding as well as ongoing tax and regulatory compliance; advising tax credit equity investors on direct and indirect tax credit investments and associated tax credit issues; advising debt lenders, providing bridge loans, construction loans or take-out finance; and providing tax opinions. The firm also represents borrowers and lenders with respect to transactions involving Fannie Mae and Freddie Mac and HUD/FHA involvement. CMPR’s general experience in real estate, banking, fund structuring, corporate, nonprofit and tax issues enables it to handle the unexpected as well as the expected issues. Its objectives are to provide pragmatic and proactive advice in a commercial context while helping to ensure its clients achieve their commercial goals.


Dauby O'Connor & Zaleski, LLC

Sean O'Connor
9025 River Road, Suite 400
Indianapolis , IN 46240
Phone: (317) 848-5700
Fax: (317) 815-6140
Web: www.doz.net

Organization Description
Dauby O’Connor & Zaleski, LLC (DOZ) was established in 1987 to provide accounting, consulting and tax services to owners, developers, managers and syndicators of multifamily housing communities. DOZ started as a two man firm and has grown to a nationally recognized leader in the real estate arena with clients in over 35 states. Our intense focus in the real estate arena results in a staff that truly knows the nuances of multifamily finance. DOZ is extremely well versed in projects financed with HUD, RD, Tax Exempt Bonds and Low Income Housing Tax Credits.
 


Devine, Millimet & Branch, P.A.

Jon B. Sparkman, Esq.
111 Amherst Street
Manchester, NH 03101
Phone: (603) 669-1000
Fax: (603) 669-8547
E-Mail: jsparkman@devinemillimet.com
Web: www.devinemillimet.com

Organization Description
Devine, Millimet & Branch, Professional Association utilizes the experience gained over its 50 years of service to continue its tradition of providing quality legal services. We pride ourselves on our ability to provide every client with aggressive, creative and results-oriented representation at a reasonable cost. Over the years, our firm has developed a reputation for being reasonable, practical attorneys who use the legal process to achieve our client's goals. Devine, Millimet & Branch was established in 1947 as a two-person partnership and has developed into a leading law firm in northern New England, which includes over 80 attorneys from more than thirty law schools. The firm's headquarters are located in a restored post office building in Manchester, NH with other offices in the State Capitol, Concord, NH, No. Hampton, NH and Andover, MA providing our clients with regional resources. The firm is comprised of various practice groups which allows us to provide a full range of legal services to individuals, businesses, non-profits and governmental bodies throughout the New England region.



Enterprise Community Investment, Inc.

Paul Cummings
Senior V.P., Syndication
520 SW Sixth Avenue, Suite 700
Portland , OR 97204
Telephone: (503) 553-5653
Fax Number: (503) 223.0955
E-Mail: PCummings@enterprisecommunity.com
Web: www.enterprisecommunity.com

Organization Description
Enterprise Community Investment, Inc. is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. Enterprise leverages low-income housing, new markets and historic rehabilitation tax credits; short- and long-term debt, and development services to capitalize projects that make a catalytic difference in communities. For over two decades, Enterprise has privately raised $7 billion in capital to finance affordable housing, create vital communities and help transform the lives of low-income Americans, particularly those at the lowest end of the economic scale. Currently, Enterprise is investing in communities at a rate of $1 billion a year. Visit enterprisecommunity.com to learn more about Enterprise’s efforts to build communities and opportunity.


Fannie Mae

Barbara Kuliak, Account Executive - Equity Investments
Multifamily Affordable Channel
One South Wacker Drive
Chicago, IL 60606
Telephone: (312) 368-6689
Fax Number: (312) 368-6686
E-Mail: barbara_kuliak@fanniemae.com
Web: www.fanniemae.com

Organization Description
Fannie Mae is the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation’s largest source of financing for home mortgages. Since 1968, Fannie Mae has provided $4.0 trillion in home financing for more than 45 million American families. Fannie Mae is also the nation’s largest investor in multifamily rental housing, helping expand the stock of decent, affordable homes for more than 35 million Americans who rent.



Fifth Third Community Development Corporation

Wayne Koehler, President
5747 Perimeter Drive, Suite #253
Dublin , OH 43017
Phone: (614) 734-0507
Fax Number: (614) 734-0781
E-Mail: Wayne.Koehler@53.com
Web Address: www.53.com

Organization Description
Fifth Third Community Development Corporation, a wholly owned subsidiary of Fifth Third Bancorp, was created to invest in low income housing, historic tax credits and new market tax credit projects that support community revitalization and the creation of affordable housing. The CDC invests primarily in projects within Fifth Third Bank’s assessment areas, which are located in Ohio, Michigan, Illinois, Kentucky, Indiana, Florida, Tennessee, West Virginia, Missouri and Pennsylvania. Since its inception, Fifth Third CDC has committed to over $500 million in investments in more than 325 projects.



Freddie Mac

Christine Hobbs, Director
Community Development Investment Group-Multifamily
8100 Jones Branch Drive
Mailstop B4I
McLean, VA 22102
Telephone: (703) 714-2894
Fax Number: (703) 714-2515 or (703) 714-3386
E-Mail: christine_hobbs@freddiemac.com
Web: www.freddiemac.com

Organization Description
Freddie Mac is a share-holder-owned company dedicated to making the American dream of decent, accessible housing a reality. Freddie Mac has helped one in six homebuyers realize this dream. Freddie Mac Multifamily has provided financing for over 1 million families. Freddie Mac is also one of the largest investors in Low Income Housing Tax Credits, having a portfolio in excess of $5 billion. Over 3,900 projects with a total of approximately 299,000 units have received an equity investment from Freddie Mac.




Kutak Rock LLP

Gregg S. Yeutter, Partner
1650 Farnam Street
Omaha, NE 68102
Telephone: (402) 346-6000
Fax Number: (402) 346-1148
E-Mail: gregg.yeutter@kutakrock.com
Web: www.kutakrock.com

Organization Description
Kutak Rock LLP is a national law firm with offices in 16 locations across the country. The firm has an expansive housing practice, most notably in the area of tax-exempt financing. With respect to its specific activities in the Low Income Housing Tax Credit area, Kutak Rock LLP has been an active participant in the LIHTC Program since its inception in 1986, providing a wide range of services to a broad spectrum of clients. Kutak Rock LLP represents equity funds (covering 8 states), syndicators and direct investors in LIHTC projects, having closed in excess of $4 billion of equity commitments to date. Kutak Rock LLP represents developers (both for-profit and nonprofit) across the country with respect to Section 42 projects. The firm also serves as counsel to various state housing agencies charged with the establishment and operation of the LIHTC program in their state.




Loomis, Ewert, Parsley, Davis & Gotting, PC

Karl L. Gotting, Esq.
232 S. Capital Avenue, Suite 1000
Lansing, MI 48933
Telephone: (517) 482-2400
Fax Number: (517) 482-0555
E-Mail: klgotting@loomis.com
Web: www.loomislaw.com

Organization Description
Loomis, Ewert, Parsley, Davis & Gotting, PC is a law firm providing legal services to developers and syndicators in the State of Michigan. Services include new construction and rehabilitated projects, tax credit projects, historic credit projects, conventionally financed projects and projects financed through the Michigan State Housing Development Authority, HUD insured projects and projects financed through Rural Housing.



National Affordable Housing Trust

Lori Little
2335 North Bank Drive
Columbus , OH 43220
Telephone: (614) 451-9929
Fax: (614) 451-3370
Email: llittle@naht.org
Web Address: www.naht.org

Organization Description
Formed in 1986 by Retirement Housing Foundation and National Church Residences, national non-profit providers of affordable housing, National Affordable Housing Trust (NAHT) is a non-profit organization “dedicated to the creation and preservation of affordable housing throughout the nation.” Volunteers of America became a member of NAHT in 1996. Working with our members and other developer sponsors, NAHT has brought stability and security to the lives of many low-and moderate-income households by providing an opportunity for people to live in affordable housing. NAHT is committed to increasing the supply of affordable housing through funding the construction of new apartments and the acquisition and preservation of existing affordable housing. NAHT fulfills its affordable housing mission by serving as a financial intermediary and consultant for our Member organizations and other non-profits, providing a broad range of pre-development, development, financial structuring, asset management acquisition funding and equity syndication services. To date, we have served as a partner in the creation and preservation of approximately 8,340 affordable housing units in 22 states, accruing approximately $230 million in equity. NAHT is currently raising between $50 and $70 million in equity per year. Through these efforts, approximately 6,550 units of affordable housing have been preserved, and 1790 units of newly constructed affordable housing have been created.



Nixon Peabody LLP

Thomas Giblin
100 Summer Street
Boston, MA 02110
Telephone: (617) 345-1102
Fax Number: (617) 345-1300
E-Mail: tgiblin@nixonpeabody.com
Web: www.nixonpeabody.com

Organization Description
Nixon Peabody LLP is one of the largest multi-practice law firms in the United States, with offices in 14 cities on the East and West coasts and over 600 attorneys working in 15 major practice areas. The Firm’s size, diversity, and state-of-the-art technical resources enable us to offer comprehensive legal services to individuals and organizations of all sizes in local, state, national and international matters. Our clients include emerging and middle-market businesses, national and multinational corporations, financial institutions, public entities, not-for-profit institutions and individuals. Nixon Peabody adheres to the highest standards of legal excellence, and the highest standards of service. Our attorneys are widely respected not only for the depth of their industry knowledge, but for being responsive, efficient, and easy to work with. Our Syndication Practice group is pre-eminent in its representation of participants in transactions involving the low-income housing tax credit. We represent syndicators, direct investors, for profit and non-profit developers, public agencies, trade associations and others involved in this program. Our attorneys have been involved with the housing tax credit since its enactment in 1986 and have a thorough knowledge of the transactional, regulatory and legislative history of this program. With over 30 attorneys and other professionals practicing in this area across the country, Nixon Peabody’s depth in tax credit work is unparalleled.



Otis, Atwell

Thomas Gioia, Partner/Shareholder
324 Gannett Drive
South Portland, ME 04106
Telephone: (207) 780-1100
Fax Number: (207) 780-1999
E-Mail: tgioia@otisatwell.com
Web Address: www.otisatwell.com

Organization Description
Otis, Atwell is a public accounting firm located in South Portland, Maine. Formed in 1974, the firm specializes in serving the subsidized housing industry in northern New England. We serve approximately 500 clients who utilize the Low Income Housing Tax Credit. Not only do we perform annual audits and tax returns, but we prepare cost certifications, review development pro-formas and perform development consulting.



Powell Goldstein, LLP

Corporate Member
Jerome Breed, Esq.
901 New York Avenue
Washington , DC 20001
Telephone: (202) 347-0066
Fax: (202) 624-7222
Email: jbreed@pogolaw.com
Web: www.pogolaw.com

Organization Description
With approximately 300 attorneys in Atlanta, Georgia, Dallas, Texas and Washington, D.C., Powell Goldstein provides a broad range of legal services to a diverse regional, national and international clientele, including a highly sophisticated tax practice of experienced attorneys in new markets tax credit, historic rehabilitation tax credit, and low income housing tax credit transactions. Powell Goldstein attorneys have been active in the industry since the creation of the low-income housing tax credit in 1986 and closed some of the first low income housing tax credit transactions. Since that time, the firm has been at the forefront of creating innovative solutions to structuring issues that are commonly used in tax credit transactions today. Powell Goldstein attorneys continue to be involved in the evolution of the tax credit industry as new credits are introduced and new solutions to structuring issues are needed. We represent equity syndicators, regional equity funds, investors and developers in low income housing, historic rehabilitation tax credit allocates who have received in excess of 10% of the aggregate new markets tax credits awarded to date. Powell Goldstein also serves as counsel to a number of state housing agencies.



Plante & Moran, PLLC

Linda A. Yudasz, CPA, Partner
2601 Cambridge Court, Suite 500
Auburn Hills, MI 48026
Telephone: (248) 375-7247
Fax Number: (248) 233-8704
E-Mail: Linda.Yudasz@plantemoran.com
Web: www.plantemoran.com

Organization Description
Plante & Moran was founded in 1924. We have offices throughout the Great Lakes region and we are the 11 th largest certified public accounting and management consulting firm in the nation. Plante & Moran has a diversified client base and we have a specialized focus group dedicated to community development and action efforts. Assurance, tax and consulting services are provided to real estate and construction entities, senior and affordable housing properties, historic and new market tax credit projects and entities. We also provide technology consulting and solutions, human capital services, business valuations, corporate finance, restructuring and growth strategies. Plante & Moran has been recognized by Fortune Magazine as one of the “100 Best Companies to Work For” for eight consecutive years.



Reznick Group

Renee Scruggs, Principal
7700 Old Georgetown Rd., Suite 400
Bethesda, MD 20814-6100
Telephone: (301) 657-7706
Fax Number: (301) 657-7707
E-Mail: renee.scruggs@reznickgroup.com
Web: www.reznickgroup.com

Organization Description
Reznick Group, a national leader in providing public accounting and business advisory services, is committed to providing our clients with outstanding service. With more than 900 professionals and staff members in six offices serving clients nationwide, Reznick Group is able to operate from each client’s perspective by exercising the highest levels of integrity, quality and responsiveness in providing solutions to help our clients meet their business objectives. We provide clients with solutions based on our extensive knowledge of and experience in audit, business advisory, and tax services. As business and financial advisors, our strength is in our professionals and resources. Because we attract and retain the best and brightest in the industry, we are able to staff each engagement with professionals who have the technology and industry expertise necessary to provide our clients with outstanding quality service. Reznick Group works with owners, developers, syndicators and managers of more than 3,000 affordable housing units in more than 40 states. To learn more about the services we provide and our perspective on issues that impact your industry please visit www.reznickgroup.com. Reznick Group is a Certified Public Accounting firm and a Professional Corporation.
 


Rubin, Brown LLP

Colleen Conrad, CPA, Partner
One North Brentwood
St. Louis, MO 63105
Telephone: (314) 290-3210
Fax Number: (314) 290-3400
E-mail: Colleen.Conrad@rubinbrown.com
Web: www.rubinbrown.com

Organization Description
Established in 1952, Rubin Brown LLP is one of the largest locally owned CPA firms in the Midwest and is located in St. Louis, Missouri. Rubin Brown has a large Real Estate Practice Group that provides audit, tax and consulting services nationally with an extensive practice in all aspects of affordable housing, including HUD, state housing agency and Low Income Housing Tax Credit developments and funds. Services provided include forecast and projections, tax credit application assistance, HUD and state agency cost certifications, carryover certifications, 10-year rule certifications, tax planning, compliance reviews, asset management assistance and many other services. Rubin Brown also provides specialized expertise with historic rehabilitation tax credits, new markets tax credits and various state tax credit programs.



RSM McGladrey, Inc.

Albert Rodiger, Manager
24 Federal Street
Boston, MA 02110
Telephone: (617) 542-8880
Fax Number: (617) 556-2869

Organization Description
RSM McGladrey, Inc., is a certified public accounting firm providing audit, review and compilation services to a broad spectrum of companies, from manufacturing and distribution to technology to real estate development and construction. Our nationally recognized syndication practice has structured financing solutions for dozens of developers building thousands of residential units. RSM McGladrey, Inc., also fosters our clients’ business growth and development with a range of management consulting services. Our partners, who are licensed to practice in more than twenty states, combine highly specialized knowledge, comprehensive experience and an unsurpassed commitment to quality and service.



Spectrum Seminars

Steven L. Rosenblatt, President
545 Shore Road
Cape Elizabeth, ME 04107
Telephone: (207) 767-8000
Fax Number: (207) 767-2200
E-mail: info@spectrumseminars.com
Web: www.spectrumseminars.com

Organization Description
Spectrum Seminars, Inc. offers training and consulting services for property owners and managers, private corporations and government agencies regarding Rural Development 515 and HUD programs, Fair Housing/Section504/ADA and the Low Income Housing Tax Credit, as well as other government programs.



Squire Sanders & Dempsey LLP

Michael D. Saad
415 S. High Street, Suite 1300
Columbus, OH 43215
Telephone: (614) 365-2700
Fax Number: (614) 365-2499
E-mail: msaad@ssd.com
Web: www.ssd.com

Organization Description
Squires Sander & Dempsey LLP is a national law firm with a significant practice in Low Income Housing Tax Credit, new markets tax credits, historic tax credits and other affordable housing and community development projects and programs.



Stateside Capital, LLC

Richard L. Beacham
President
2002 Summit Blvd., Suite 1000
Atlanta, GA 30319
Telephone: (404) 250-4190
Fax Number: (404) 250-4100
E-mail: rbeacham@statesidecapital.com
Web: www.statesidecapital.com

Organization Description
Stateside Capital, LLC, is an Atlanta based company organized to help State of Georgia Taxpayers efficiently access Georgia Housing Tax Credits. These Credits are generated through leading real estate developers who specialize in family and senior housing properties. Through the 1986 Tax Act, the Federal Government created an incentive program for developers to build privately owned apartments in locations where market rate rents have exceeded the level many individuals could afford. Georgia’s tax code was amended in 2001 to allow the separation of state housing tax credits from the Federal tax credits to help investors reduce state income taxes. This credit encourages businesses and high income investors to provide a public benefit in the form of affordable housing and allows them to reduce their state tax liabilities. Banks enjoy the additional benefit of Community Reinvestment Credit (CRA) credit as well.



The Stolar Partnership LLP

Jeffrey H. Pass
911 Washington Avenue, 7th Floor
St. Louis, MO 63101
Telephone: (314) 231-2800
Fax Number: (314) 436-8400
E-Mail: jhp@stolarlaw.com
Web: www.stolarlaw.com

Organization Description
The Stolar Partnership’s Affordable Housing Group has nationwide experience in all facets of tax credit development and financing, including federal and state low income housing tax credits, federal and state historic rehabilitation tax credits, federal new markets credits, HUD financing, tax-exempt bond financing, federal, state, and/or local grants, and below-market loans, HUD Hope VI Projects, assisted living developments and state and local tax credits and incentives. Our clients include equity funds, institutional investors, lenders and for-profit and nonprofit developers.



VWB Research

Tim Williams, Partner
VWB Research
869 W Goodale Blvd.
Columbus, OH 43212
Telephone: 614-225-9500
Fax: 614-225-9505
Email: timw@vwbresearch.com
Website: www.vwbresearch.com

Organization Description
VWB Research is a real estate research firm that provides accurate insightful market studies for developers, syndicators, lenders, and state and federal housing finance agencies. Our firm has completed over 4,000 market studies, is an approved market analyst in nearly every state, and has been engaged by nine state agencies (North Carolina, South Carolina, Georgia, Illinois, Kentucky, Michigan, New Mexico, Texas and Iowa) to conduct market feasibility studies directly for the agency. Our specific knowledge of government programs combined with our knowledge of floor plan designs and marketing strategies, allows us to evaluate a variety of markets and product types.


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