Are you new to the mortgage revenue bond program or in need of a refresher?
MRBs are the state housing finance agencies’ primary means of financing affordable home purchase loans. Join NCSHA on May 14 for this virtual workshop as top bond counsel, seasoned financial advisors, and HFA leaders delve into MRB program requirements, bond issuances, structuring, and post-issue compliance.
Register by April 29 to take advantage of the early-bird discount!
Agenda
All times Eastern
1:00 pm – 1:45 pm | Background and Basics
During this MRBs primer, we’ll cover federal program requirements including the first-time home buyer requirement, income and purchase price limits, targeted areas, and maximum allowed mortgage rates.
2:00 pm – 3:15 pm | Issuances, Strategies, and Operations
Gain a better understanding of pre-issuance planning, market timing, different bond structures, how to attract investors, and how MRBs compare with other single-family lending financing sources as we delve into the MRB-issuance process.
3:30 pm – 4:30 pm | Post-Issuance Compliance and Requirements
In this session, explore the ongoing regulatory requirements HFAs must satisfy after an MRB is issued, including reporting, proper use of bond proceeds, the 10-Year rule, recapture tax, and how to avoid rebates to the Internal Revenue Service. Learn what obligations HFAs owe to MRB investors and how they can be fulfilled.
Trainers
Thomas Bryan, Executive Director and Chief Executive Officer | Colorado Housing and Finance Authority
Victor Chiang, Vice President | Caine Mitter & Associates Incorporated
Nicholas Koontz, Partner | Hawkins Delafield & Wood LLP
Benjamin Madorsky, President | cfX Incorporated
Erwin Tam, Director of Financing | California Housing Finance Agency
John Wagner, Partner | Kutak Rock