“Financing Affordable Housing Development in Oklahoma” Seminar on February 17th

Event presented in partnership with the Federal Reserve Bank of Kansas City, the Federal Home Loan Bank, and the Oklahoma Chapter of the National Association of Social Workers

OKLAHOMA CITY – Important concerns facing the affordable housing industry today include homelessness, youth aging out of foster care, low-wage earners, and working families earning average incomes being priced out of a market due to housing shortages in their area.

The Oklahoma Coalition for Affordable Housing will host a seminar on Financing Affordable Housing Development on February 17, 2016 from 11:00 a.m. to 3:30 p.m. at the Will Rogers Theater in Oklahoma City to discuss potential funding solutions to help fill some of the state’s housing gaps. This event is presented in partnership with the Federal Reserve Bank of Kansas City, the Federal Home Loan Bank of Topeka and the Oklahoma Chapter of the National Association of Social Workers. Continuing education units are approved for licensed social workers.

Speakers include Ariel Cisneros, Senior Advisor at the Federal Reserve Bank of Kansas City; Mike Borcher, Assistant Vice President and Affordable Housing Program Manager with the Federal Home Loan Bank of Topeka; and Nick Hoehn, CPA HCCP and partner in the San Francisco-based accounting and consulting firm Novogradac & Company LLP.

The event will kick-off with an overview of the federal Community Reinvestment Act (CRA), a law intended to encourage banks to help meet needs in their communities, followed by a panel discussion on the CRA’s influence on community development and interactions with local banks.

“Partnerships between banks and housing developers are key to meeting a community’s housing needs,” Cisneros stated. “This event will highlight investment programs that can make a real difference in a community.”

Mike Borcher will discuss affordable housing funding programs. “The Federal Home Loan Bank of Topeka’s Affordable Housing program provides grants through its member institutions that fill funding gaps and build, repair or purchase housing for low and very low income people,” Borcher said.

Finally, Nick Hoehn, Partner with Novogradac will teach a two-hour Low Income Housing Tax Credit 101 course.  This course is ideal for economic developers, city councilors, banking institutions, nonprofits and others interested in increasing the supply of affordable housing in their community.

“We are thrilled to partner with the Federal Reserve, the Federal Home Loan Bank and the Oklahoma Social Workers on this exciting event. Our goal is to have a broad-based group to create effective change throughout the state,” said Andrea Frymire, President of the Coalition’s board of directors and executive vice president of Midwest Housing Equity Group. “The tax credit course will be very beneficial to many organizations.”

The cost to attend the seminar is $35 for coalition members and $50 for nonmembers before Jan. 29 and $45 for coalition members and $75 for nonmembers thereafter. The registration cost includes a buffet lunch.

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