Trends, Issues and Efforts: A Balanced Approach to Cost Containment


Tuesday, November 7: 2:00pm – 3:30pm

In recent years, cost containment has become a growing concern in the affordable housing arena. Project stakeholders have found it increasingly difficult to balance policy and trends in increasing project costs. Join our panelists as they discuss and analyze cost containment from a policy perspective. They will also discuss public perception, trends in development costs, challenges faced, items driving cost increases, efforts to balance program requirements and best practices to promote cost containment.


Moderator:

Annie Ross, Ohio Capital Corporation for Housing
Ms. Ross joined Ohio Capital Corporation for Housing (OCCH) in October of 2013 as an intern with the Acquisitions Department and was promoted to Development Analyst. As a Development Analyst, she works with development staff in the packaging and production of LIHTC applications and other funding applications. Additional duties include technical assistance for ongoing deals through the closing process and into operation as well as preparing analysis packages. She also works with the Ohio Capital Impact Corporation (OCIC), OCCH's philanthropic arm, as Director of Scholarship Programs as well as a member of the Resident Development Fund Committee which provides grants to enrich and impact the lives of residents of affordable housing. Ms. Ross holds a Bachelor's Degree in Middle Grades Education from Northern Kentucky University and a Master of Public Administration from the John Glenn College of Public Affairs at The Ohio State University. She is also a certified Housing Development Finance Professional (HDFP) through the National Development Council.


Speakers:

Joe Pimmel, Ohio Capital Corporation for Housing
Mr. Pimmel joined Ohio Capital Corporation for Housing (OCCH) in 1995 and has served in various roles in over two decades with the organization. He works with the President to develop policies, procedures, and systems to increase efficiency across the organization, and he serves as a liaison to represent OCCH to the Ohio Housing Finance Agency and other organizations. He coordinates the Resident Development Fund which provides grants to enrich the lives of residents of affordable housing. Mr. Pimmel also assists the Acquisitions Department working with non-profit and for-profit developers to provide assistance with all aspects of the development of new low-income housing tax credit and other types of affordable housing projects throughout Ohio. His responsibilities include coordinating the Low Income Housing Tax Credit funding submissions and providing quality control oversight. He holds undergraduate degrees from Washington University in St. Louis and a Master's Degree in City & Regional Planning from Ohio State University.

Ian Maute, Buckeye Community Hope Foundation
Ian Maute has been with Buckeye Community Hope Foundation (BCHF) since 2013. Mr. Maute has been involved in the development of housing using the LIHTC, and USDA Rural Development and HUD funding programs since 2005. In addition to new construction projects Mr. Maute specializes in the acquisition and rehabilitation of existing affordable housing properties. Prior to joining BCHF Mr. Maute was employed as Vice-President at The Woda Group, Inc. Prior to The Woda Group, Inc., Mr. Maute worked for The Schenk Company, Inc., a Columbus, OH based commercial real estate firm. As Vice President of Development for BCHF, Mr. Maute oversees development activities in Ohio, Indiana, Kentucky, and West Virginia. Mr. Maute serves as the President of the Board of Directors of the Council for Rural Housing and Development of Ohio, is the Vice President of the Ohio Housing Council Board of Trustees, and is on the Board of Directors for the national Council of Affordable and Rural Housing. Mr. Maute received his B.S. (cum laude) in Business Administration from The Ohio State University in 2005, and his MBA from Ohio State's Fisher College of Business in 2012.

Brian McGeady, Miller-Valentine Group
Brian McGeady guides the short and long-term acquisition and development activities of the Multifamily Division and oversees the LIHTC operation in 15 states. Under McGeady's leadership over the past 8 years, the Affordable Housing Division of Miller-Valentine has produced an average of nine, 9% tax credit allocations. MV has also been ranked in the Top 15 in the Affordable Housing Finance Magazine's Top 15 developers for each of the last 5 years, including reaching #3 in 2017. He oversees a team that has developed apartment communities in the following states: Ohio, Illinois, Indiana, Iowa, Georgia, Kansas, Kentucky, Michigan, Missouri, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas and West Virginia. Brian is responsible for the strategic planning, acquisitions, development process, feasibility analysis and the creation of strategic housing partnerships with both non-profit and for-profit organizations. Product types include senior communities, multifamily and single family homes financed with both 9% and 4% credits. His expertise includes the development of new construction, rehabilitation, and adaptive reuse properties into affordable housing. In 2004 through 2005, he spent almost two years with Paramount Financial Group, underwriting tax credit properties- involved in more than $150 million of equity investment. Over the past five years, he has closed 70 plus tax credit developments. Brian joined Miller-Valentine Group's Multifamily Division in 1999 and returned to the company in 2005.

Kelan Craig, Ohio Housing Finance Agency
Kelan Craig is the Director of the Office of Planning, Preservation and Development at the Ohio Housing Finance Agency (OHFA), leading the day to day functions of the office and providing oversight over affordable housing developments during the construction process. Prior to joining OHFA, he served as a Compliance Specialist for housing and community development programs at the Ohio Development Services Agency (ODSA). Kelan also served as Housing Preservation Coordinator at COHHIO, undertaking housing preservation program planning, implementation and evaluation as part of the Ohio Preservation Compact, a joint effort between the OHFA, the Ohio Capital Corporation for Housing (OCCH) and COHHIO to preserve thousands of affordable housing units across the state. Kelan earned a dual degree in Political Science and Economics from Kent State University and also holds Master Degrees from Ohio State University in City and Regional Planning and Public Policy and Management.