Kermit Billups is an executive president of Greenline, and is involved in activities including transaction structuring, tax credit syndication, debt financing, origination, underwriting and new markets tax credits (NMTCs) compliance. Mr. Billups began his career at Capmark in 1999 and has been a member of the NMTC platform since 2004. He has been in investment banking since 1992, with an emphasis on developing solutions for deficiencies in low-income communities nationwide, including complex and innovative financings to benefit low-income housing tax credit (LIHTC) and NMTC transactions. He has participated in more than $3.5 billion of project finance and affordable housing capital. He has successfully completed more than 50 taxable and tax-exempt revenue bond programs to serve low- and moderate-income individuals. Before joining Capmark, Mr. Billups worked for Honeywell, IBM, Legg Mason and Stephens Inc. Mr. Billups has a bachelor’s degree in economics from Harvard College and a master’s degree from the Harvard Graduate School of Business Administration.

Elaine DiPietro is vice president of the New Markets Tax Credit (NMTC) program for Enterprise Community Investment, Inc. Working with investment and development partners across the country, Enterprise provides real estate capital, enhanced with NMTC when appropriate, to commercial and mixed-use developments in underserved and emerging markets with the goal of providing opportunity to low-income people. Enterprise’s NMTC portfolio is one of the largest in the country and includes debt and equity investments enhanced with NMTC, historic rehabilitation tax credits (HTCs) and other real estate financing products. In her role, Ms. DiPietro is responsible for day-to-day management of Enterprise’s NMTC program, including investor and government relations, deal selection, underwriting and portfolio management. Ms. DiPietro also oversees the provision of compliance and accounting services to other NMTC community development entities. Ms. DiPietro is a certified public accountant with a background in public and private accounting. Ms. DiPietro also serves on the advisory board of several NMTC community development entities. She is often invited to speak to industry conferences on compliance matters and has contributed to several articles about community development financing. Ms. DiPietro graduated from King’s College in Wilkes-Barre, Pa., with a degree in accounting. Before joining Enterprise, Ms. DiPietro was an auditor with Deloitte & Touche and worked for two Fortune 500 companies on mergers and acquisitions.

Neil S. Faden focuses on finance matters related to the New Markets Tax Credit (NMTC) program and renewable energy tax credit (RETC) projects. His practice includes the representation of community development entities, investors, lenders and borrowers. Mr. Faden advises sponsors of collective investment vehicles, organized as limited liability companies and partnerships, ranging from hedge funds to real estate private equity funds. He regularly handles transactions structured in non‐U.S. jurisdictions to enable investment by foreign investors and acquisitions of securities in compliance with U.S. law. Mr. Faden has lead responsibility for dozens of affordable housing finance transactions, including the formation of limited partnerships designed to invest in affordable housing generating federal low-income housing tax credits (LIHTCS), negotiation with institutional investors in such partnerships, negotiation with lenders and negotiation of equity investments in partnerships constructing or rehabilitating affordable housing. Mr. Faden has extensive experience representing developers of assisted-living facilities including the formation of joint ventures for the development or ownership of assisted-living facilities, compliance with regulatory requirements and the financing and sale of such facilities.

Bob Labes' practice focuses on serving as bond counsel, credit enhancement provider’s counsel, underwriter’s counsel, purchaser’s counsel, borrower’s counsel and issuer’s counsel on conduit financing transactions by public bodies for the benefit of private entities, primarily in the areas of multifamily housing, health care facilities and other nonprofit facilities. He also has extensive experience working on traditional municipal finance transactions and transactions involving new market tax credits (NMTCs), representing community development entities, leverage lenders and qualified active low-income community businesses (QALICBs), including transactions that have combined NMTCs with tax-exempt and taxable municipal bonds and with historic rehabilitation tax credits (HTCs).