RAD Transactions-Staying Ahead of the Curve
Speaker Biographies
Rebecca Arthur, Novogradac & Company LLP (moderator)
Rebecca Arthur is a partner with the Government Consulting and Valuation Advisory Services (GoVal) group and manages the metro Kansas City, Mo., area office of Novogradac & Company LLP. She has extensive experience in market analysis and appraisal of multifamily developments, including those with low-income housing tax credits (LIHTCs), USDA, Section 8, conventional developments and for Freddie Mae, Fannie Mac and Federal Housing Administration financing. Additionally, she specializes in consulting for developers and state housing agencies, as well as preparing valuations of general and limited partnership interests and Year 15 valuation issues. Before joining Novogradac & Company LLP, Ms. Arthur was an analyst with the corporate finance group of Deloitte and Touche LLP, specializing in business valuations and acquisitions. She received her bachelor’s degree in finance from the University of Nebraska at Lincoln. Ms. Arthur is a designated member of the Appraisal Institute, a member of the Kansas City Commercial Real Estate Women organization, a member of the National Council of Housing Market Analysts, and a certified general real estate appraiser in Arkansas, Arizona, California, Hawaii, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, New Mexico and Texas.
Carl Wise, Alden Torch Financial LLC
Carl Wise has more than 30 years of experience in affordable housing both as an investor and working to raise investor equity. Mr. Wise assists Jeffrey Weiss with tax credit syndication activities of the company. Previously, Mr. Wise was a senior vice president with Alliant Capital, responsible for overseeing the firm's property level investments and its multi-investor syndication platform as well as placing proprietary investments with select investors. Before joining Alliant, Mr. Wise was senior managing director for DaimlerChrysler Capital Services where he was responsible for lending activities as well as equity investments in income producing properties and in affordable housing funds and properties. He also served on DaimlerChrysler Capital's Board of Directors and Credit Committee for 10 years. Mr. Wise is a graduate of University of Massachusetts and from New York Law School. He is a member of the bar in New York and Connecticut.
Jeffrey Weiss, Alden Torch Financial LLC
Jeffrey Weiss is president of Alden Capital Partners and a senior managing director of Alden Torch Financial, Alden Capital Partners’ parent company. Mr. Weiss has specialized in affordable housing for more than 20 years, with a focus on raising equity and structuring project partnership agreements and multiple layers of debt. Mr. Weiss is responsible for all tax credit syndication activities of the company. Previously, Mr. Weiss was a senior vice president with Alliant Capital, responsible for the firm's private label syndications and overseeing acquisition and project management activities. He also served as senior vice president, investor relations for Simpson Housing Solutions (formerly Kaufman and Broad Multi-Housing Group), and as financial development officer for the City of Los Angeles Housing Department, where he was responsible for coordinating the department's new and existing bond issues and performing initial feasibility analyses on proposed projects. From 1996 to 2003, Mr. Weiss served as a guest lecturer at the USC School of Policy, Planning and Development where he instructed graduate students in real estate finance, feasibility analysis and affordable housing. Mr. Weiss is a licensed attorney in the state of California.
Paul Weissman, Hunt Mortgage Group
Paul J. Weissman is senior managing director and head of originations for Affordable Housing Finance at Hunt Mortgage Group, a wholly owned subsidiary of Hunt Companies. Mr. Weissman has nearly 20 years of experience in multifamily housing. His experience includes development, tax credit syndication, lending and investment banking. He has financed more than $1 billion of affordable and market-rate multifamily transactions over the course of his career, including transactions involving nearly every form of assistance available to affordable housing developments. Mr. Weissman has experience with tax exempt bond financing, Section 8 subsidies, Section 202 and Section 236 subsidies, low-income housing tax credits (LIHTCs), HOPE VI, the FHA tax credit pilot program and many others on affordable communities, stretching from Connecticut to Hawaii. Before joining Hunt Mortgage Group, Mr. Weissman was a senior vice president at Dougherty & Company, a director with Credit-Suisse and a vice president at Newman Capital, where he was responsible for the purchase of unrated tax-exempt bonds in highly structured transactions to facilitate the new construction as well as acquisition and rehabilitation of LIHTC properties. Mr. Weissman began his career in affordable housing as associate general counsel for Simpson Housing Limited Partnership. Mr. Weissman holds a master’s degree from the Leeds School of Business and a juris doctor from the University Of Colorado School Of Law.
Kimberly Taynton, Paragon Mortgage Corporation
Kimberly Taynton is a MAP-approved Underwriter with Paragon Mortgage Corporation. Prior to working for Paragon, Ms. Taynton was the Multifamily Development Supervisor with the U.S. Department of HUD in Phoenix where she reviewed, underwrote and closed nearly $2 billion in HUD-insured loans. Ms. Taynton has worked in the multifamily development industry since 1999 and has experience ranging from land entitlement and development to asset management. She is an underwriter for numerous HUD programs including projects involving the RAD Program. Ms. Taynton also has experience underwriting loans for the HUD Section 232 program.
Gerald Cichon, Housing Authority of the City of El Paso
As chief executive officer of the Housing Authority of the City of El Paso–one of the nation's largest and highest-performing providers of affordable housing programs for low-income families–Gerald Cichon manages a $91 million budget that supports 430 employees, 6,500 public housing units, 5,600 Housing Choice Vouchers and 2,400 tax credit and non-subsidized units that collectively house some 40,000 El Pasoans. Since his appointment in January 2008, Mr. Cichon integrated progressive payroll technologies to replace antiquated systems, revamped HACEP's hiring process to attract industry-leading professionals from across the country, enhanced the integrity of the procurement process, secured more than $21 million from the American Recovery and Reinvestment Act–including an $8.3 million competitive grant to build a Net Zero, Fossil Fuels Free, LEED Platinum public housing community for the elderly–to improve the quality, availability and energy-efficiency of affordable housing units, and energized HACEP's homeownership programs to reduce generational dependency on housing assistance. Mr. Cichon is an experienced attorney and is licensed in Texas and Colorado. Before his appointment as HACEP CEO, he practiced law as chief counsel for the Western District of Texas with the Combined Law Enforcement Associations of Texas (CLEAT) from 2001-2008. From 1997-2001, Mr. Cichon practiced as Senior Felony Prosecutor for the El Paso District Attorney's Office where he prosecuted thousands of felony and misdemeanor criminal cases. He also served as a legislative aide in Washington, D.C., for the U.S. senator for Colorado. Mr. Cichon earned a master’s from the Kellogg School of Management at Northwestern University in Chicago, a juris doctor from St. Mary's University School of Law in San Antonio and a bachelor’s degree in business and marketing from the University of Colorado-Boulder. His professional certifications include a licensed Texas real estate agent, a certified public housing manager and a certified asset manager.