WEBINAR
The Low and Moderate Income Affordable Housing Crisis in the US
America's low and moderate income population faces challenges as conditions in the affordable housing market approach a crisis. Many factors have had a long-term impact on wealth creation for this group, limiting their access to home ownership.

Key issues are:

  • Home ownership rates among households of people of color are at historic lows
  • The consequences of COVID-19 depleted household reserves
  • Restrictive mortgage lending and low inventory limit home ownership for low and moderate income households
  • Lack of economic mobility impacts the long term success of the next generation

Gain a deeper understanding of these economic, real estate development, personal savings and banking challenges. Learn ways that firms, banks, investors and individuals can provide solutions to the affordable housing crisis in the US.

Please email your questions to chicago@100women.org by Wednesday, January 20 or you may submit them during the webinar.

Produced by the 100WF Chicago Committee.
DATE
22 January 2021
TIME
10:00 AM N. America West Coast
12:00 PM N. America Central
1:00 PM N. America East Coast - Cayman
6:00 PM London
The program will begin promptly.
PARTICIPANTS

Michael Brown
JP Morgan

Laurie Goodman
Urban Institute

Michael Stegman, Ph.D.
Milken Institute

Bobbie Theivakumaran
Citigroup

Bill Young
Home Partners of America
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BIOGRAPHIES
Michael Brown
Managing Director, JP Morgan

Michael Brown is a Managing Director in Global Securitized Products at JP Morgan. He is known as a culture carrier and collaborative leader. Michael has more than 25 years of experience and has held a variety of senior and management roles. For his entire career, Michael has been involved in structured finance markets that facilitate liquidity for real estate and consumer finance products. His roles have included risk management, financing, market making, syndication and institutional sales of loans, securities and derivatives. Michael holds a BBA in Computer Information Systems from James Madison University, and an MBA in Finance from Duke University’s Fuqua School of Business. He resides in New Jersey with his wife and three teenaged sons.

Laurie Goodman
Vice President, Urban Institute

Laurie Goodman is a vice president at the Urban Institute and codirector of its Housing Finance Policy Center, which provides policymakers with data-driven analyses of housing finance policy issues that they can depend on for relevance, accuracy, and independence. Goodman spent 30 years as an analyst and research department manager on Wall Street. From 2008 to 2013, she was a senior managing director at Amherst Securities Group LP, a boutique broker-dealer specializing in securitized products, where her strategy effort became known for its analysis of housing policy issues. From 1993 to 2008, Goodman was head of global fixed income research and manager of US securitized products research at UBS and predecessor firms, which were ranked first by Institutional Investor for 11 years. Before that, she held research and portfolio management positions at several Wall Street firms. She began her career as a senior economist at the Federal Reserve Bank of New York. Goodman was inducted into the Fixed Income Analysts Hall of Fame in 2009. Goodman serves on the board of directors of MFA Financial, Arch Capital Group Ltd., and DBRS Inc. and is an adviser to Amherst Capital Management. She has published more than 200 journal articles and has coauthored and coedited five books. Goodman has a BA in mathematics from the University of Pennsylvania and an AM and PhD in economics from Stanford University.

Michael Stegman, Ph.D.
Senior Housing Policy Fellow, Milken Institute

Michael Stegman is a senior housing policy fellow at the Milken Institute Center for Financial Markets, and held fellowship positions at Harvard’s Joint Center for Housing Studies, the Center for Household Financial Stability at the St. Louis Federal Reserve Bank, the Bipartisan Policy Center, and the Center for Community Capital at the University of North Carolina at Chapel Hill. Previously, he was senior policy advisor for housing at the National Economic Council from 2015 - 2016 after serving three years as counselor to the Secretary of the Treasury for housing finance policy. As the top housing policy advisor in the White House, he coordinated administration policies on housing finance reform, access to credit, and other housing issues. Previously, he served as assistant secretary for policy development and research at the Department of Housing and Urban Development from 1993 - 1997.He also holds the position of MacRae Professor emeritus at the University of North Carolina at Chapel Hill.

Bobbie Theivakumaran
Managing Director, Citigroup

Bobbie Theivakumaran is a Managing Director and head of North American Residential Finance within Citi’s Global Spread Products. In this role, she and her group helps to provide Citi’s institutional clients expertise in all matters related to the financing and leverage solutions of residential mortgages and other residential assets within Citi Global Spread Products (“GSP”). Bobbie also works closely with Citi Ventures and is the residential real estate lead for GSP’s spread product investment initiatives (“SPRINT”) that has led to the successful equity investments in multiple prop tech institutions since its inception in 2018. NAM Residential Finance structures both term and permanent financing solutions to REITs, hedge funds, private equity, servicers, fin tech enterprises and real estate originators on programs collateralized by Agency, Non-Agency, Jumbo, Mortgage Servicing Rights, Prop Tech, and Single Family Rental product both domestically and in Canada and Latin America. Bobbie holds a Masters in Chemistry from Rutgers College, Honors College.

Bill Young
Chief Executive Officer, Home Partners of America

Bill Young is Home Partners’ founder and has served as the Chief Executive Officer and Chairman of the board of directors of Home Partners of America, Inc. since June 2012. Previously, from 2009 to 2011, Bill managed and led finance and investment teams at Equity Group Investments, a private equity and venture capital firm, executing and managing distressed investments. Prior to Equity Group Investments, Bill held various positions at Goldman Sachs & Co. LLC (“Goldman”) from 2001 through 2008 and at Citigroup Inc. (“Citigroup”) from 1987 through 2001. At Citigroup and Goldman, Bill led teams that developed a new funding method for prime mortgages in the United Kingdom. Bill was a member of the board of directors of Equity Lifestyle Properties, Inc. (NYSE: ELS) from March 2013 until May 2018. Bill Young received a BS from Purdue University.
ABOUT
100WF's 20th Anniversary
Throughout 2021, 100 Women in Finance will celebrate its twentieth year of operations with special events and recognition of the member volunteers who have built 100WF into today’s leading organization dedicated to the advancement of women in the global finance industry. Since its founding in 2001, 100WF’s pillars of Education, Peer Engagement and Impact have established a foundation of purpose, achievement and confidence that will guide the organization's future growth and focus on attaining its 30x40 Vision in the next twenty years.

100 Women in Finance
100 Women in Finance's near 20,000 registered members strengthen the global finance industry by empowering women to achieve their professional potential at each career stage. Its members inspire, equip and advocate for a new generation of industry leadership, in which women and men serve as investment professionals and executives, equal in achievement and impact. Through Education, Peer Engagement and Impact, the organization furthers the progress of women who have chosen finance as a career, and enables their positive influence over pre-career young women.
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