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Archive for month: April, 2018

The NHP Foundation Appoints Glynna Christian to Board of Trustees

April 24, 2018
April 24, 2018

The NHP Foundation (NHPF) is pleased to announce that it has appointed Glynna Christian to the NHPF Board of Trustees. As Co-Head of the Global Technology Transactions practice at Orrick, Glynna brings to the Board of Trustees a wealth of commercial and legal knowledge in Mergers & Acquisitions, financings, public offerings, joint ventures and other strategic transactions.

“In addition to experience advising clients in corporate and commercial deals across virtually all operational and strategic areas of their business, Glynna’s expertise in launching new technology and digital products, including blockchain and Artificial Intelligence (AI) bring an exciting new dimension to the affordable housing space,” said NHPF President & CEO Richard F. Burns. “We know Glynna will be a great addition to NHPF’s future endeavors.”

In her role at Orrick, Glynna advises both emerging and established companies, in deal-making across virtually all operational and strategic areas of their businesses. She has more than 20 years’ experience counseling clients on emerging and transformative technology, communications, media and data transactions that are strategic to her clients’ businesses. Glynna earned her J.D. from the University Of Memphis Cecil C. Humphreys School Of Law, 1994, cum laude, and her B.A.from the University of North Texas, 1990, cum laude. Congratulations, Glynna!

0 Comments/in HAND News, Member Events & Success Stories /by H.A.N.D.

ULI to Build on its Millenial Study

April 24, 2018
April 24, 2018

ULI Washington conducted a 2015 Millennial Study to find out the influence that the Millennial generation is having on the underlying fundamental values in Washington and its close-in suburbs.  While it is difficult to predict whether their presence will truly shift our ways of living, working, and collaborating, this survey sought to examine how the generation might influence trends in housing, entertainment, retail and transportation because of their entrepreneurial spirit and the rise of the sharing economy.  There is also interest in how their needs will change as they grow older and form families.  The 2015 survey served as a baseline to track trends over time, especially as more Millennials marry and have children. The survey also provided information for public officials and the real estate industry as they create policies and products to respond to the needs of this cohort.

Three years have passed since the first report and ULI is conducting the study again to see how the baseline information has changed over that time.  In 2015, there were over 1,300 respondents.  The survey screens potential respondents to be sure they are in the desired survey cohort who are under 35 living within specific zip codes within the Beltway.

If you would like to participate, visit this link, and also share with your colleagues, constituents and friends. The survey takes less than 10 minutes to complete and will be open for at least the next two weeks.

0 Comments/in HAND News, Areas Of Need, Opportunities /by H.A.N.D.

What Will You Do to Undesign the Redline?

April 17, 2018
April 17, 2018

 

HAND’s Annual Meeting is the largest convening of real estate and community development professionals in the Washington region, bringing together over 1,400 practitioners. The theme of this year’s conference, Deconstruct Our Past, Redesign Our Future will feature the compelling exhibit, Undesign the Redline. Will you join us?

To learn more and register, visit the webpage here.

0 Comments/in HAND News /by H.A.N.D.

Take me out to the ball game!

April 4, 2018
April 4, 2018

HAND is pleased to announce that it has partnered with the Washington Nationals to provide an exclusive discount code  (on the game of your choice) for the first 50 luncheon table registrations to the 27th Annual Meeting & Housing Expo! Recipients of this special offer will be notified via email.

You can register for Annual Meeting on our website here. Should you have any questions about the promotion or registration, email HAND’s Membership Manager, Courtney Battle at cbattle@handhousing.org. We look forward to seeing you in June!

0 Comments/in HAND News, Opportunities /by H.A.N.D.

Membership Engagement | Five Minutes with Frederick County DHCD

April 3, 2018
April 3, 2018

Milton Bailey, Director, Frederick County Department of Housing and Community Development

HAND members continue to do the hard work of ensuring individuals and families at all income levels have access to affordable housing throughout the region. In an effort to highlight these individuals and groups, we launched our series titled, “Five Minutes with” – an informal conversation with our members on their recent projects and the affordable housing industry. In the latest edition, we caught up with Milton Bailey, Director of the Frederick County Department of Housing and Community Development (DHCD). Check out our conversation here:

HAND: Why is affordable housing important to you?
FC: Providing affordable housing is perhaps the most important means at our disposal to provide solid foundations for families and individuals, promote wealth building and in turn foster community economic growth.

HAND: What recent accomplishment(s) is your organization extraordinarily proud of?
FC: A recent accomplishment for which we are extremely proud was our successful partnering with United Way of Frederick toward helping more people become homeowners.  As a result of our partnership, we were able to establish a program that has the potential of becoming a national best practice.  By leveraging our down payment and closing cost assistance with the United Way’s Prosperity Center programs, we are able to offer the Prosperity Savings Homebuyer Program.  This program offers a combination of zero-interest loans and grant funds to help first-time homebuyers pay for upfront costs and make consistent mortgage payments on their new homes. Specifically, the new program increases the income threshold for prospective participants based on the “survival budget” determined in the 2016 ALICE Report (Asset Limited, Income Constrained, Employed) by the United Ways of Maryland.  Equally important, the United Way offers up to $3,400 in foreclosure prevention assistance for a period of three years. I believe the industry will come to realize this combination makes for stronger and more creditworthy borrowers.

HAND: Have you run into any challenges over the last several months? How did you and your team overcome them?
FC: There are many challenges related to the preservation and production of housing.  However, the challenges and barriers our communities face today are no more daunting than they were 35 years ago.  This is because dedicated professionals find creative ways of overcoming obstacles. I have no doubt, given our State’s leadership, diversity of advocates and the elevated public awareness generated by these supporters, we will indeed find ways to overcome any present-day challenges.

HAND: What lesson(s) did you learn?
FC: The lessons we learned are as simple as not taking defeat as a setback but an opportunity to evolve the discussion to where it resonates with even the most cynical.

HAND: What are you and your colleagues looking forward to?
FC: We are looking forward to the day when parochial beliefs give way to bilateral effort.

HAND: What do you enjoy most about your work and why?
FC: My work is my religion.  I’m trying to make sure the next baby Jesus doesn’t have to live in a cattle stall.

HAND: What do you wish that you could change about our industry?
FC: I think it is critical that we (HUD, the IRS and Congressional policy makers) stop viewing housing cost burdens in isolation of the overall cost of living.  While intuitively inseparable, by viewing the cost of housing in isolation of the cost of living, the two conspire to become negatives that impinge upon actual wealth building— and thereby a community’s economic growth.

Take the purchase of an automobile for example.  When we buy a car, we instinctively think in the narrow context of whether or not the car payment will fit within our monthly budget.  Rarely do we consider the cost of insurance, gas, oil, windshield washer fluid, maintenance, parking, traffic tickets and other budget consuming incidentals that go along with owning the vehicle.  The same is true when it comes to purchasing a home or living in an apartment.  Our families still need to eat, student loans still need to be paid and we still need to save for that unexpected family crisis or unforeseen medial expense.

Yet, because housing costs and the cost of survival are compartmentalized, our public policies inadvertently create financial imbalances that discourage wealth accumulation and encourage poverty.  For example, when housing cost burdens are paired with ALICE report data, neither a family nor an individual can earn or save enough to meet housing costs, cover basic needs or stay ahead of inflation to avail themselves of the very educational opportunities that would pave the way to wealth building.

Life-costs, student loan expenses, the absence of equitable wages and support structures trigger financial disintegration even within families earning $75,700.  Yet, neither under HUD’s housing programs nor under the IRS’s Low Income Housing Tax Credit programs can ALICE families or individuals in search of the full measure of the American Dream (food, shelter, clothing, education, health insurance, child care, savings, etcetera) avail themselves of the lower cost of housing these programs offer under current income limits.  Consequentially, the American Dream becomes an illusion only the wealthy can afford.

Each of us have a stake in addressing cost burdens, especially when considering the social consequences caused by stifling poverty.  From a balance sheet perspective, if people who are destined to spend more than they earn do not receive help, then foreclosures and rental unit turnovers will occur more frequently, with such instances leading to increased operating costs and thereby escalating rents and mortgage costs.

HAND: If you could describe your work in one word, what would it be?
FC: Great!

0 Comments/in HAND News, Member Events & Success Stories, HAND Member Profiles /by H.A.N.D.

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Annual Meeting Important Information

Payments: Orders placed on the event registration page are not confirmed until payment is received. A confirmation email will be sent to the email address listed in your registration. If you paid by credit card, a receipt will be sent to the email address listed in your registration. If you mail a check, all payments must be received within seven days of completing your registration form. Checks should be remitted to: HAND, PO Box 48386, Washington, DC 20002

Guest List & Dietary Preference: If your registration includes a luncheon table or multiple guests, please submit guest names and menu choices by May 1, 2020. Submit guest names here.

Housing Expo: Plan to exhibit? Download the Housing Expo FAQs here.

Omni Shoreham Hotel Room Block: For attendees looking to secure overnight accommodations on May 25th, HAND has secured a rate starting at $189 for conference attendees. There are a limited amount of rooms available, so visit this link today to reserve your room. May 10th is the last day to secure a room at the discounted rate.

 Ad Submission: The artwork for advertisements should be submitted to annualmeeting@handhousing.org. You can download the ad spec sheet here. Deadline for ad submission is April 13, 2020.

Cancellations & Changes: If you wish to cancel or change your registration for the Annual Meeting & Housing Expo, please send a request in writing to annualmeeting@handhousing.org. All cancellation requests made prior to April 27th will receive a 50% refund. For cancellation requests made after April 27th, no refund will be provided.

Door Prizes: Are you interested in donating a door prize to this year’s Annual Meeting? Email annualmeeting@handhousing.org to coordinate with our team.

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