Different Approaches to Providing Developer Guarantees

One common issue for new developers – whether it’s a public housing agency, non-profit, or for-profit – is financial strength. More specifically, non-federal financial strength. Experience and skills in the tax credit program are gained over time (can be hired), but a strong balance sheet is harder to attain. As a result, many PHAs turn to third-party developers to undertake development activities and to provide financial guarantees tied to the re-development or new development of affordable housing. This session will explore guarantee requirements and explore how some PHAs have overcome these challenges.

Moderator:
Tanya Dempsey
Principal, CSG Advisors
New York, NY

Panelists:
Mark Hamilton
Director of Public Housing, Sacramento Redevelopment Housing Authority
Sacramento, CA

Rich Larsen CPA
Partner, Novogradac & Company LLP
San Francisco, CA