2015 NE Appraisers Expo Event - Commercial Program
October 19, 2015
Time: 8:30 a.m. - 4:30p.m.
Location: Four Points by Sheraton Hotel 1125 Boston Providence Tpke. Rte. 1 South, Norwood, Mass.
Opening General Session -
8:30 to 9:20 a.m.
Paul Willen, senior economist, Federal Reserve Bank of Boston.
9:30 a.m. to 10:20 a.m.
Steven Berg, MAI, MRA, Member – Appraisal Standards Board
10:45 a.m. to Noon
Affordable Housing: Challenges and Strategies: The panel will discuss the nature of affordable housing including how the term has changed over the past few decades, the affordability levels of residents in affordable housing and the sitingof affordable units. The political climate around affordable housing on the national and state levels will be discussed including the Federal Low Income Housing Tax Credit program and Massachusetts Chapter 40B. Panelists will share insights on housing subsidies and their impact on project feasibility and the impact of flexible zoning on the feasibility of 40B projects.
Topics:
• What is affordable housing and why do we need it?
• Who builds affordable housing and how does it make economic sense?
• How are sites for affordable housing selected?
• How are income levels of residents determined and how are they related to rents and sale prices of affordable units?
• How is demand for affordable units determined?
• What questions should appraisers ask when appraising an affordable property?
Speakers:
• Karen Wiener, deputy director, Citizens Housing and Planning Association (CHAPA).
• Lynne Sweet, managing member, LDS Consulting Group, LLC.
• Elizabeth Gruber, senior vice president/client manager, Community Development Bank at Bank of America.
• Joanne Shelton, principal/director, Bonz and Company, Inc.
• Karen Friel, MAI, MRA, moderator
1:15 p.m. – 2:45 p.m.
Innovative Regional Development in the Downtown Boston/ Seaport Area: The presentation’s focus is on the technical and analytical decision-making processes of developers for determining the feasibility and financial valuation for whether an “alternative” or “innovative” development concept is viable and then how the development components are defined relative to “conventional” development concepts and approaches.
Speakers:
• Karen Hanlon, MAI, moderator
• John Hynes, III, CEO / managing partner, Boston Global Investors, LLC. Hynes’ presentation will focus on its innovative developments that are located in the Downtown Boston /Seaport area.
Land:
• Location, acquisition, physical/economic/environmental characteristics, etc.;
• Engineering and design, access, etc.;
• Legal permitting, environmental issues, etc.; and
• Compatible and/or integrated uses; neighborhood, cultural compatibility, etc.
Development:
• Innovative residential development;
• Innovative mixed residential/commercial/institutional development;
• Innovative mixed retail/commercial/medical/R&D/ and/or agricultural development;
• Location, acquisition, physical/economic/environmental characteristics, etc.;
• Engineering and design, access, etc.;
• Legal permitting, environmental issues, etc.; and
• Compatible and/or integrated uses; neighborhood, cultural compatibility, etc.;
Financing:
• Funding sources for innovative development - Private, public, and Mixed private / public
• Income considerations;
• Expense considerations; and
• Valuation considerations
3:00 p.m. – 4:30 p.m.
Innovative Regional Development Outside the Urban and Suburban Areas: The presentation’s focus is on the technical and analytical decision-making processes of developers for determining the feasibility and financial valuation for whether an “alternative” or “innovative” development concept is viable and then how the development components are definedrelative to “conventional” development concepts and approaches.
The presentation will focus on innovative developments that are located regionally, outside the Downtown Boston and the Suburban Metropolitan area.
Speakers:
• Donald Bouchard, MAI, moderator.
• James Kane, senior vice president, A.D. Makepeace Company.
• Mark Roberts, senior vice president, W/S Development|SR Weiner Development.
Credit information: Approved in MA (NR), ME & RI and submitted to CT, NH & VT for up to 7 hours of continuing education credit.
Residential Program
1:15 pm. - 2:45 pm:
Estates, Bankruptcy and Divorce: What Appraisers Need to Know: Through presentation, discussion and Q&A, our panel of experts will address practical considerations facing appraisers who perform, or wish to perform, appraisal for a variety of reasons including estates, bankruptcy and divorce. This session will delve into the common challenges that arise by providing appraisers guidance to develop and sustain competency when performing a diverse assortment of assignments.
Panelists:
• Shaun Fitzgerald, RA;
• Richard Goulet, MRA;
• Richard Simmons, Jr., RA;
• Richard Wulsin, Attorney; and
• Susan Mitchell, RA, moderator
2:45 p.m. - 3:00 p.m.:
Break
3:00 p.m. - 4:30 p.m.:
Vexing Appraisal Issues: Through discussion and Q&A, our panel of experts will address common underwriting and appraisal issues from the lender’s perspective. This session will be highly interactive and provide attendees with a clear understanding of the appraisal review process and offer tips to avoid the vexing issues associated with residential appraising and reporting.
Panelists:
• Dorianne Alexandropoulos, AVP, appraisal quality manager, Leader Bank
• Deborah Carlson, AVP - appraisal manager, Needham Bank
• Thomas Kokoliadis, AVP - appraisal manager, Santander Bank
• Michael Nicora, RA, moderator