*SOLD OUT* ULI Washington: Achieving Affordability - How the DMV is Promoting Affordable Housing

When

2024-12-05
2024-12-05T08:00:00 - 2024-12-05T11:00:00
America/New_York

Choose Your Calendar

    Where

    ULI HQ 2001 L ST NW Ste 200 Washington, DC 20036-4948 UNITED STATES

    Pricing

    Pricing Members Non-Members
    All Types $40.00 $55.00

    Even those outside the real estate world have likely heard of an affordable housing crisis in the Washington, D.C. area. Absent governmental reforms and policy changes, basic economics suggest that this problem will persist as rents rise and housing supply struggles to keep up. This panel will explore how policy reforms, including adjustments to programs like the Emergency Rental Assistance Program (ERAP), can support the production and maintenance of long-term affordable housing in the DMV. Similarly, this event will explore other policies that have either succeeded or failed, and what is needed in the current market to encourage more affordable housing options.

     
    Whether you are a developer, housing advocate, lender, or policymaker, this event offers an opportunity to understand the issues and possible solutions, and engage with others who are helping to shape policies that protect affordable housing for all.

    Join Lily Goldstein, Vice President at LEO Impact Capital; Feras Qumseya, Partner & Chief Development Officer at Standard Communities; Haley Norris, Director of Real Estate at TrueGround; Philip Carney, Principal at RCLCO; and Thom Amdur, Executive Director at Fairview Housing Partners, Senior Vice President for Policy & Impact at Lincoln Avenue Capital and Vice President of the Affordable Housing Tax Credit Coalition for this timely and thought-provoking discussion on affordable housing in the DMV, including a look at potential policy options to spur development. The panel will be moderated by Kristin Niver, Real Estate and Tax Credits Counsel at Thompson Coburn LLP, who has spent her entire career focused on affordable housing and community development, both as a real estate and finance attorney and formerly as an urban planner with a specialization in affordable housing finance and policy.

    Speakers

    Feras Qumseya

    Partner, Chief Development Officer, Standard Communities

    Feras Qumseya is the Chief Development Officer at Standard Communities. Mr. Qumseya brings nearly 20 years of real estate and economic development experience, having directed the feasibility, planning, and development of large-scale mixed-use communities and landmark urban revitalization master plans. He has transformed deteriorated public housing into attractive new mixed-income, mixed-use communities that blend public, affordable, and market rate homes. Feras’s repertoire of financing vehicles includes complex transactions combining private financing with highly competitive local and federal government financing resources. Based out of the Washington, D.C. office, Mr. Qumseya is focused on building out a national 4% LIHTC New Construction platform.

    Lily Goldstein

    Vice President, Social Impact Investing, JBG SMITH Properties

    Lily Goldstein leads portfolio management, investor relations, capital raising, and external affairs & public policy for the LEO Impact Capital platform, where she manages the relationships for both internal and external stakeholders, as well as public policy that affects the affordable housing industry. Prior to joining the LEO team, she was the head of JBG’s Opportunity Fund Investor Relations and continues part-time in that role today as the Opportunity Funds wind down. Prior to JBG, Lily was an analyst at The Carlyle Group focused on fund management for the Real Asset funds and she started her career with Crowell & Moring LLP in the Financial Planning & Analysis group. Lily is on the Executive Board for the DC Real Estate Group, the Leadership Council for the Northern Virginia Affordable Housing Alliance and the Board of Directors for Yachad DC, an affordable housing non-profit. Lily received her B.B.A. with high distinction in Finance and Economics from The George Washington University.

    Thom Amdur

    Executive Director, Fairview Housing Partners

    Thom Amdur serves as the Executive Director of Fairview Housing Partners, a non-profit affordable housing developer is dedicated to expanding access to quality, affordable homes in communities where they are most needed. Additionally, Amdur serves as Senior Vice President for Policy & Impact at Lincoln Avenue Capital where he is responsible for leading Lincoln Avenue Capital’s public affairs, state and federal policy advocacy as well as impact initiatives. Thom is a nationally recognized leader in affordable housing and community development policy. Thom previously served in a number of leadership roles at the National Housing & Rehabilitation Association (NH&RA), including most recently as its President. NH&RA is a national trade association and peer-network for affordable housing and tax credit developers and related professionals. During his tenure at NH&RA, Thom lead nationally recognized policy initiatives and advocacy campaigns and received the NHP Foundation’s Affordable Housing Advocacy Award in 2018. Thom contributes to numerous community development organizations, non-profits and coalitions. He is a member of the Board of Directors for the International Center for Appropriate & Sustainable Technology (ICAST) and also serves on the Steering Committee of the ACTION Campaign, a grassroots coalition of 2,400 national, state, and local organizations and businesses calling on Congress to protect, expand and strengthen the Low-Income Housing Tax Credit. He is also a member of the advisory board of the Equitable Development Initiative’s Housing Equity Accelerator Fellowship, which focuses on accelerating new opportunities for emerging real estate developers of color while also increasing affordable and workforce housing across Arlington, Virginia and the greater Washington, D.C. metropolitan region. Thom has provided expert testimony and comments before numerous federal and state government agencies. He is a frequent speaker at affordable housing, su

    Haley Norris

    True Ground Housing Partners, Inc.

    Haley Norris has served as Director of Real Estate Development since 2024 after joining True Ground Housing Partners in 2021. At True Ground, Haley plays a key role on the real estate development team by overseeing developments with complex financing across the DMV. Her portfolio includes multi-phase affordable communities in high opportunity neighborhoods and supporting the growth of True Ground's acquisition pipeline. She has worked in various aspects of affordable housing development for more than 10 years, including development, underwriting tax credit and tax-exempt bond deals at the Maryland Community Development Administration, and started off her career in resident services for an affordable housing developer in South Carolina.

    Philip Carney

    RCLCO

    Philip Carney is a principal in RCLCO’s Real Estate Economics and Management Consulting practice groups, based in Washington, D.C. Philip manages a wide variety of assignments, specializing in financial analysis, mixed-use development assessment, and strategic expansion market evaluation. His recent experience includes market expansion and product type strategy evaluations for national and international developers, redevelopment strategy planning and underwriting for large portfolio managers, as well as market feasibility studies and highest-and-best use analyses for infill sites. He also has extensive experience advising clients on how to structure public-private partnerships to deliver deed-restricted affordable and mixed-income housing on publicly owned land. Before joining RCLCO in 2017, Philip worked as a Senior Underwriter with United Shore Financial Services in Metro Detroit, where he played a key role in updating the company’s credit risk policies and mortgage underwriting guidelines.

    Moderator

    Kristin Niver

    Counsel, Thompson Coburn LLP

    Kristin is a real estate attorney who represents lenders, investors and developers in financings, debt restructurings, acquisitions and sales, joint venture arrangements and other investment mechanisms related to market-rate and affordable multifamily housing, office, retail, hotel, condominium and mixed-use development and redevelopment projects nationwide. She has a background in affordable housing finance and policy, and prior training as an urban planner. Kristin has a decade of legal experience representing all types of real estate development and financing transactions, with a specific focus on public-private partnerships and transactions utilizing LIHTC and New Markets Tax Credit syndications and more recently IRA programs. Kristin holds a law degree from U.C.L.A. School of Law, where she was the Levine Distinguished Fellow in Affordable Housing with U.C.L.A.’s Ziman Center for Real Estate and a member of the Epstein Program in Public Interest Law & Policy. She also holds a master’s degree in urban planning from Columbia University, Graduate School of Architecture, Planning and Preservation and a master’s degree in social work from Columbia University where she focused on affordable housing policy. Kristin is admitted to practice law in New York and the District of Columbia, and she has been recognized by Best Lawyers in America for Real Estate since 2023. Kristin is the chair of the Affordable Housing Committee for the American Bar Association, and a member of the Women’s Leadership Initiative Steering Committee of ULI Washington.