Southeast Preservation Next Academy: In-Person Session - Financing Small to Medium Multifamily Preservation

Welcome Remarks

Stefanie Hurst, Senior Director, Community Health, Kaiser Permanente
Meaghan Vlkovic, Southeast VP, Enterprise Community Partners

Panel 1: Public Resources for Financing SMMF Preservation

Public subsidy can be a key element of the capital stack for SMMF preservation deals, particularly in the Southeast. Because these projects are often incompatible with the Low-Income Housing Tax Credit program, deals frequently cobble together several creative financing tools. Panelists will discuss some key public resources that can help finance SMMF preservation projects.

Panelists:

• Tommy Lowmon, Georgia Department of Community Affairs
• Vickey Roberts, Invest Atlanta
• Mike Wilson, Atlanta Housing
• Charles Knighton, Florida Housing Coalition

Moderator: Elizabeth Richards, Enterprise Community Partners

Panel 2: Private and Philanthropic Resources for Financing SMMF Preservation

Layering multiple funding sources—public, private, and philanthropic—is an essential component of affordable preservation deals. As construction costs and market lending conditions continue to rise, many SMMF developers are increasingly turning to private and philanthropic resources to close financing gaps. Panelists will introduce some of the key resources and priorities guiding their investments in affordable housing preservation.

Panelists:

• Natasha Dowell, Low Income Investment Fund
• Sara Haas, Atlanta Neighborhood Development Partnership
• Nana Akowuah, Enterprise Community Investment
• Patricia Luna, Community Foundation for Greater Atlanta

Moderator: Gabriella Lott, Enterprise Community Partners

Panel 3: Partners in Preservation Case Studies

Affordable SMMF preservation can be achieved through a number of unique approaches, depending on factors including an organization’s staff capacity, development experience, geographic area, and service population. This “lightning round” session will feature three Southeast developers with creative approaches to funding property management, permanent supportive housing, and neighborhood-based development. Listen to their “show and tell” presentations before speaking with them directly during the Resource Tables session.

Panelists:

• Margaret Stagmeier, Star-C
• Rachel Carey, Westside Future Fund
• Cathryn Vassell, Partners for HOME

Moderator: Meaghan Vlkovic, Enterprise Community Partners

Resource Tables

This interactive session will allow attendees to directly connect with panelists and other attendees on a one-to-one basis. Through an “office hours” format, attendees will be able to gain specific insights and information from funders, policymakers, and other important partners in the SMMF preservation space.

Elizabeth Richards, Enterprise Community Partners