This session will explore how the latest macroeconomic and housing market trends are shaping the performance of State Housing Finance Agencies (HFAs). Moody’s will share our expectations for HFA financial performance, considering their growing competitive edge, the swift upswing in both tax-exempt and taxable bond financing, and the enhancements in HFA portfolio performance. Additionally, we'll examine how the strategic decisions made by HFAs have readied them to handle prospective market downturns.
- HFA competitive advantage in current market
- Impact of financing strategies on financial performance
- Trends in single and multifamily portfolio performance
- HFAs’ ability to weather future downturns
-
SpeakersSusan Fitzgerald Managing Director – Public Finance Moody's Ratings
Rachael McDonald Associate Managing Director - Public Finance Housing Moody's Ratings
Ferdinand Perrault Vice President – Senior Credit Officer Moody's Ratings
Omar Ouzidane Vice President -Senior Analyst Moody's Ratings
Jeffrey Kaufmann Vice President -Senior Credit Officer Moody's Ratings
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseSign In
Please sign in to your account:
Susan Fitzgerald is a Managing Director in Moody’s Ratings Public Finance Group, overseeing the healthcare, higher education, housing and municipal supported products ratings teams. Previously, she managed Moody’s global higher education and nonprofit team, covering over 700 colleges, universities, and nonprofit institutions worldwide. She has also been involved in various initiatives related to ESG analysis, charter schools, and public-private partnerships.
Susan’s other prior work experience includes managing the financial advisory practice at a boutique investment banking and advisory firm; serving as commercial credit analyst for a community bank; owning and operating an art gallery and a bed and breakfast; and as the assistant director of development, focused on foundation and corporate relations, for a graduate school.
Susan holds a Master’s degree in International Studies (European Studies and Economics) from The Johns Hopkins University, School of Advanced International Studies. Her A.B. degree in Diplomacy and World Affairs, with a minor in Economics, is from Occidental College, Los Angeles.
Rachael Royal McDonald is an Associate Managing Director leading the Housing Finance, State Revolving Funds and Municipal Supported Products Teams. Prior to this role, Rachael spent 16 years as a lead analyst covering the State Housing Finance Agency, State Revolving Fund and Military Housing sectors. Prior to joining Moody’s, Rachael worked for Deloitte Consulting and The Advisory Board Company. Rachael holds an MBA and a Masters in Social Work from Columbia University and a BA from Brown University.
Ferdinand Perrault is a Vice President – Senior Credit Officer in Moody’s Public Finance Housing & State Revolving Funds Team. He serves as tenured member and rating committee chair for Housing, State Revolving Funds and Infrastructure Finance credits with over 20 years of experience. He is also the lead analyst for state and local housing finance agency single and multifamily bond programs as well as for clean water and drinking water revolving funds. In addition he maintains a portfolio of project finance credits within the housing sector. He is also the surveillance coordinator, overseeing the process of ensuring timely reviews of the team’s credit portfolio.
Prior to joining Moody’s, Ferdinand was a registered analyst at Dreyfus Mutual Funds. Ferdinand received his B.A. from Baruch College.
Omar Ouzidane is a VP–Senior Analyst in Moody’s Public Finance Housing & State Revolving Funds Team. He serves as a rating committee member and chair. He is also a lead analyst for a wide range of credits that span across all sectors covered by the team. These include state and local housing finance agency bond programs, state revolving funds programs, and project finance credits. Prior to moving into his current role, Omar was a member of the U.S. Public Infrastructure Team where he was responsible for the assessment and rating of a portfolio of U.S. toll road, airport, mass transit, state revolving funds and solid waste sectors. Omar holds a B.A. from Baruch College and a M.S. from Pace University.
Jeffrey Kaufmann is a Vice President/Senior Credit Officer within the Housing and Finance & State Revolving Funds Team. Jeff serves as lead analyst for housing finance agency single family and multifamily programs, project finance transactions within the student and military housing sectors, as well as affordable housing development projects. Prior to his current role, Jeff was a member of the Higher Education Team serving as lead analyst for a portfolio of large public university systems and prominent private institutions. He currently serves on numerous rating task forces including public private partnerships, public pensions and analyst education.
Prior to rejoining Moody's, Jeff was a Managing Director and Head of Government Research at AIG, leading the Municipal and Sovereign credit teams within the Public Fixed Income Group. Jeff holds an MA in Public Policy and Administration from the State University of New York at Binghamton where he also received an undergraduate degree in Political Science.