ADVISORY/ Senator Stabenow, Representatives Ney, Frank and Jefferson to Highlight NAAHL's Washington Conference on Affordable Housing and Community Development, Feb. 6-7.

News & Assignment Editors

ADVISORY...Thursday (Feb. 6-7)

WASHINGTON--(BUSINESS WIRE)

Other Speakers to include Treasury Official Wayne Abernathy

Leaders in community investment will hear Congressional leaders discuss the legislative agenda for affordable housing and community development in the 108th Congress and the impact of the Administration's proposed stimulus package on affordable housing and community development at the Washington conference of the National Association of Affordable Housing Lenders (NAAHL). The conference will be held on February 6-7, 2003, at the Capital Hilton Hotel (South American Room A and B). Members of the media are invited to attend.

"The Administration's stimulus package and the power shift in Washington from the November elections has changed the landscape for community investment practitioners," said NAAHL President Judy Kennedy. "The conference will provide our members with an opportunity to hear first-hand from policymakers and experts on the critical legislative and regulatory issues that will impact community investment in the next 12 months, like the affect of the Administration's dividend exclusion proposal on the Low Income Housing Tax Credit that finances nearly all of the nation's production of affordable rental housing."

Among the participants:

-- Senator Debbie Stabenow (D-MI), on legislative proposals to provide tax credits for homeownership

-- Rep. Bob Ney (R-OH), House Financial Services Committee, on the Republican agenda for the House Financial Services Committee and his legislation to stop predatory lending

-- Rep. Barney Frank (D-MA), Ranking Member of the House Financial Services Committee, on the Democratic agenda and the consequences of the Administration's proposed stimulus package for the Low Income Housing Tax Credit

-- Rep. William Jefferson (D-LA), on risks to Housing and New Markets Tax Credits and proposed single family tax credits for homeownership in low- and moderate-income communities.

Other participants at the February 6-7 conference:

-- Wayne Abernathy, Assistant Treasury Secretary for Financial

Institutions, on a sustainable CRA, CDFI Fund and New Markets

Tax Credits

-- Banking regulators on CRA rulemaking

-- Experts on "the marginalization of CRA" and solutions to

predatory lending

-- Experts on the New Markets Tax Credit, assessing Round 1 of

the credit

Attached is a copy of the draft agenda. Please call Ross Kleinman, NAAHL, 202/293-9856, to confirm.

The National Association of Affordable Housing Lenders (NAAHL) is the only association devoted to increasing private capital investment in low- and moderate-income communities. NAAHL encompasses 200 organizations that are leaders in lending and investing in low-income communities, including more than 70 insured depository institutions, 45 non-profit providers and 800 individuals as members. Members include banks, thrifts, insurance companies, community development corporations, mortgage companies, loan consortia, financial intermediaries, pension funds, foundations, local and national nonprofits, and public agencies.

DRAFT AGENDA

NAAHL's 2003 WASHINGTON, DC MEETING

THURSDAY, FEBRUARY 6, 2003 Capital Hilton South American A and B Room

8:00 A.M.     Registration/Continental Breakfast
              Underwritten by Lend Lease Real Estate

9:00 A.M.     Welcome & Introduction
              Judy Kennedy, President, NAAHL

9:15 A.M.     The Republican Agenda for the House Financial Services
               Committee
              Representative Bob Ney (R-OH)
              Member, House Committee on Financial Services
              Introduced by Jaye Morgan Williams, Bank One ?

9:45 A.M.     COFFEE BREAK
              Underwritten by -----------

10:00 A.M.    The Democratic Agenda for the House Financial Services
               Committee
              Representative Barney Frank (D-MA)
              Ranking Minority Member, House Committee on Financial
               Services
              Introduced by Joseph Flatley, Massachusetts Housing
               Investment Corporation

10:30 A.M.    Houston, We Have A Budget
              Stanley E. Collender, Fleishman-Hillard

11:30 A.M.    Subprime Lending and Community Reinvestment
              Senator Debbie Stabenow (D-MI)
              Member, Senate Committee on Banking, Housing, and Urban
               Affairs
              Introduced by Frances Grossman, Shorebank

12:15 P.M.    LUNCHEON: Senate Room
              Underwritten by: ----------------

12:45 P.M.    Luncheon Address:
              Wayne Abernathy, Assistant Secretary for Financial
               Institutions, U.S. Treasury

1:30 P.M.     The Multifamily and Proposed Single Family Tax Credits:
               At Risk?
              Representative William Jefferson (D-LA)
              Introduced by Mary Salinas Duron, Countrywide Home Loans

              Joseph Flatley, Massachusetts Housing Investment
               Corporation
              Anthony Freedman, Hawkins, Delafield & Wood

2:30 P.M.     New Markets Tax Credits: What We've Learned from Round
               One
              William Dillon, Esq., Goulston & Storrs
              Charles Tansey, Neighborhood Reinvestment Corporation
              Judy Kennedy, National Association of Affordable Housing
               Lenders

3:30 P.M.     BREAK
              Underwitten by -------

3:45 P.M.     Affordable Housing Preservation: The HUD Mark to Market
               program
              Hank Williams, Director, HUD Office of
              Multifamily Housing Assistance Restructuring

              Jeff Burnum?
              Michael Bodaken

5:30 P.M.-    NETWORKING RECEPTION
7:00 P.M.     Sponsored by Bank of America
              Bank of America, 730 15th Street NW, 10th Floor

FRIDAY, FEBRUARY 7, 2003

8:00 A.M.     CRA Rulemaking: Looking Down the Road
              Robert Mooney, Federal Deposit Iinsurance Corporation
              Richard Riese, Office of Thrift Supervision
              Glenn Loney, Federal Reserve Board
              David Hammaker, Office of the Comptroller of the
               Currency

              Moderator:
              Dorothy Broadman, Capital One

9:15 A.M.     COFFEE BREAK
              Underwritten by ----------

9:30 A.M.     The "Marginalization of CRA" and Solutions to Predatory
               Lending
              Dr. Eric Belsky, Joint Center for Housing Studies,
               Harvard University
              Anne Diedrick, JPMorganChase
              Alan Fishbein, Center for Community Change
              Patience Singleton, Senate Banking Committee

              Moderator:
              Gary Washington, LaSalle Bank Corporation