Affordable Housing 101
Tuesday, November 7: 10:45am – 12:15pm
This session will discuss affordable housing from a global view in terms of necessity and the mechanisms to produce and preserve it. From large scale tax credit developments to small grants that help homeowners rehabilitate their houses, the session will cover affordable housing in its most broad sense.
Jimmy McCune, Ohio Capital Corporation for Housing
Mr. McCune joined Ohio Capital Corporation for Housing (OCCH) in December of 2015 as a Development Analyst. He provides technical consulting for real estate developers using the LIHTC program to produce and preserve affordable housing. In addition, he generates applications for affordable housing funds from a number of state and federal sources, performs spreadsheet modeling and underwriting, and designs proposal packages for various internal committees. Also, he monitors due diligence material for equity closings. Prior to joining OCCH, Mr. McCune worked at Novogradac & Company where he assisted in writing market feasibility studies and appraisals for affordable housing developments. Prior to working at Novogradac & Company, he worked as an intern at the Ohio Housing Finance Agency (OHFA) in the office of Planning Preservation and Development where he provided housing planning and policy research. He also holds a Bachelor's Degree in Geography from West Virginia University, as well as a Master's Degree in City and Regional Planning from The Ohio State University.
Roy Lowenstein, Lowenstein Development LLC
Roy has been a housing consultant, developer and an attorney for 40 years. Since setting up Lowenstein Development, LLC in July, 2015, Roy has provided consulting services for developers in Ohio, Kentucky, Illinois and other states. Prior to that, Roy was employed at the Woda Group during 2013-2015 and at Buckeye Community Hope Foundation from 2006-2013, developing affordable housing in Ohio, Kentucky and West Virginia. From 2004-2006, he served as Director of Development at Columbus Housing Partnership (now Homeport), supervising its rental and homeownership development programs. From 1993-2004, Roy was employed as Vice-President of Development at Ohio Capital Corporation for Housing (OCCH), assisting with the financing and syndication of approximately 90 LIHTC projects across Ohio, as well as other non-profit-based housing efforts. During his last 2 years at OCCH, Roy was also director of OCCH's development and lending subsidiaries. From 1988-1993, Roy worked at CONSOC Housing Consultants in Columbus on approximately 70 HUD-funded low-income housing projects for the elderly, disabled, and homeless. Roy's education includes a B.A. from Oberlin College (1973) and a J.D. from Ohio State University (1976). From 1977-1984, he was employed by Association for the Developmentally Disabled, developing group homes and apartments for developmentally disabled adults. He then served as Executive Director of Friends of the Homeless for 3 years, during which time he helped initiate Friends' shelter, transitional housing, job training, and other programs. Roy's expertise is related to his knowledge and experience with real estate development, supportive services, and securing funding from federal, state, and local sources totaling more than 200 projects for these varied populations. He has participated on many non-profit Boards, including the Ohio Coalition for the Homeless, COHHIO, and the Ohio Housing Council. He currently serves on the boards supervising the loan funds for both the National Housing Trust and Institute for Community Economics in Washington D.C.
Tim Swiney, Wallick Communities
Tim Swiney is Senior Vice President of Tax-Credit Development at Wallick. Tim joined Wallick in 2013 and brought with him over a decade of experience in affordable housing. His knowledge and skills in acquisitions, financial structuring, investment modeling, LIHTC syndication and investment analysis, general project feasibility analysis, and general relationship management have proven invaluable. Prior to joining the Wallick, Tim was with Huntington Community Development Corporation (Huntington CDC) where he served as the Vice President of CRA Investments. Prior to his tenure at the Huntington, Tim had the opportunity to work for Ohio Capital Corporation for Housing (OCCH) as a Development Analyst. A graduate of Franklin University, Swiney graduated with a Bachelor of Science degree in Marketing and Advertising.