a market conditions and project evaluation summary of - Georgia ...

STATEMENT OF PROFESSIONAL QUALIFICATIONS
MICHALENA M. SUKENIK
I. Education
Union College, Schenectady, New York
Bachelor of Arts in Cultural Anthropology
Union College Study Abroad, St. Lucy, Barbados
II. Professional Experience
Principal, Novogradac & Company LLP (Start date: September 2002 - present)
Dallas / Fort Worth and Atlanta Research Manager, CoStar Group, Inc.
Senior Research Analyst / Newswire Editor, CoStar Group, Inc.
III. Professional Training and Continuing Education
Member, National Council of Affordable Housing Market Analysts (NCAHMA)
Attended HUD Community Development Block Grant (CDBG) 30 th Anniversary Conference,
September 13-14, 2004, Washington, DC
Successfully completed “Introduction to Commercial Real Estate Analysis” and
“Financial Analysis for Commercial Real Estate Investment”
IV. Real Estate Assignments
A representative sample of Due Diligence, Consulting, or Valuation Engagements includes:
• Conducted numerous market and feasibility studies for affordable housing. Properties are
generally Section 42 Low Income Housing Tax Credit Properties. Local housing authorities,
developers, syndicators and lenders have used these studies to assist in the financial underwriting
and design of LIHTC properties. Analysis typically includes; unit mix determination, demand
projections, rental rate analysis, competitive property surveying and overall market analysis.
• Prepared a comprehensive city wide housing market analysis for the City of Biloxi, MS which
included a housing needs assessment.
• Prepared a comprehensive neighborhood housing market analysis for the New Orleans East
neighborhood in New Orleans, LA for the Louisiana Housing and Finance Agency. The study
focused on the housing and economic trends Pre- and Post- Hurricane Katrina and overall
housing needs in that neighborhood.
• Assisted in preparing an approved HUD Consolidated Plan for the City of Gainesville, GA;
which included a housing and homeless needs assessment, market analysis, non-housing needs
analysis, and a strategic plan, which conformed to 24CFR Part 91, Consolidated Plan Regulations
for the ensuing five-year period (2004-2009).
• Assisted in preparing a comprehensive senior housing study in Seattle, Washington for the Seattle
Housing Authority. This study evaluated the Seattle Housing Authority’s affordable senior
housing project for their position within the entire city’s senior housing market. The research
involved analysis of the senior population by neighborhood, income, household size, racial
composition, and tenure.
• Conducted market studies for senior projects in Alabama, Alaska, Arizona, California, Colorado,
Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Michigan,
Minnesota, Mississippi, Missouri, Montana, Nevada, New Jersey, New York, North Carolina,
Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia,
Washington, and Wisconsin.
• Assisted in appraisals of proposed new construction and existing Low-Income Housing Tax
Credit properties.
• Assisted in the preparation of Rent Comparability Studies and HUD MAP Market Studies
according to HUD guidelines.