COVID-19: Impact on Affordable Housing
How will the loss of nearly 17 million jobs over the last 3 weeks impact the U.S. Affordable Housing market? What provisions under the CARES Act will help owners, operators and their communities? Join RealPage VP and Deputy Chief Economist Jay Parsons and RealPage VP and Affordable Housing expert Greg Proctor, along with a panel of Affordable Housing industry executives for the live webcast, COVID-19: Impact on the Affordable Market.
- How the CARES Act impacts the market and which properties are subject to it
- How HUD, Rural Development, and the IRS are responding to the crisis and applying CARES Act provisions
- Steps property owners and managers should take to respond to the virus and fallout from the CARES Act
- Best practices for complying with social-distancing mandates and minimizing on-site interpersonal interactions
Jay Parsons is RealPage’s Deputy Chief Economist and Vice President of Asset Optimization. Jay has been in the multifamily housing industry for more than a decade, and works across market research and forecasting, revenue management, business intelligence, as well as multi-dimensional optimization across pricing, marketing, leasing and risk management. He has provided commentary on CNBC and in the Wall Street Journal. His writings and research have been published by the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker, GlobeSt and Multifamily Executive. Jay is also a frequent speaker at events and conference, including the National Multifamily Housing Council, NAIOP, NAA and ULI.
Greg ProctorVice President of Affordable Housing Solutions, RealPage, Inc.
Greg has been in the Affordable Housing industry for over 35 years, having operated several property management companies and having owned/developed affordable properties across several states. Greg was the founder of Windsor Compliance Services, now RealPage Compliance Services. RealPage acquired Windsor in 2013. Since then, under Greg’s leadership, RealPage Compliance Services has grown to monitoring 195,000 units at over 2,100 properties, helping clients mitigate risk and helping them qualify residents for badly needed affordable housing. Greg is now overseeing RealPage’s affordable vertical market as its Vice President of Affordable Housing Solutions.
Samuel RotterCOO and CFO, MMS Group
Sam is a Certified Public Accountant and Chartered Global Management Accountant who graduated Magna Cum Laude from Temple University, with a Bachelor of Business Administration. Over the course of his 30 years in real estate accounting and finance, he worked in both the public and private sectors, concentrating in real estate development and management. Prior to joining MMS Group, Mr. Rotter served as Executive General Manager for the Philadelphia Housing Authority, where he was responsible for over 20,000 units of subsidized rental housing and in charge of Finance, Information Systems and Asset Management. Sam’s previous background includes Rouse & Associates (now Liberty Property Trust) and Wentworth Group. He is a member of the Pennsylvania and American Institutes of Certified Public Accountants, the New Jersey Society of Certified Public Accountants and the Financial Executives International. Sam was a finalist for the 2016 CFO Studio Mastery Award and was a featured speaker at the NVoice NSights conference, presenting the case study of MMS Group’s transition to cloud-based systems.
Larry SissonChief Operating Officer, TESCO Properties, Inc.
Larry Sisson is the Chief Operating Officer (COO) of the TESCO organization and serves as President of TESCO Properties, Inc., the management arm of TESCO.
Larry received his Bachelors degree in Business Administration, with a major in accounting, from David Lipscomb University in Nashville, Tennessee. He received his Juris Doctorate (JD) degree from the School of Law at the University of Memphis and is a Certified Public Accountant (CPA).
Larry directs the day-to-day management of site operations for TESCO, directly supervising the Regional Managers. He is also the coordinator for selected apartment complexes, as well as coordinator of major renovations.
Larry serves on the leadership council of the Southeastern Affordable Housing Management Association (SAHMA) and is a Past President of the organization. He is also an officer of the National Affordable Housing Manager’s Association (NAHMA) where is serves as a Vice President and chair of the Tax Credit Committee.
Larry holds the Certified Property Manager designation (CPM), National Affordable Housing Professional Executive Level (NAHP-e) designation, Certified Occupancy Specialist designation (COS) and Specialist in Housing Credit Management (SHCM). He is a national instructor certified to teach NAHMA’s Fair Housing Compliance course. He has also taught REAC inspection protocol on a national level. Larry was awarded NAHMA's 2016 Affordable Housing Advocate of the Year. He also has been inducted into the Kentucky Affordable Housing Hall of Fame.