Financial Advisor
California Municipal Finance Authority
Mr. Ben Barker is a registered municipal advisor with over 17 years of bond program administration experience serving conduit issuers to facilitate taxable and tax-exempt bond financings. He is a partner with Sierra Management Group and Granite Municipal Advisors advising the California Municipal Finance Authority and the National Finance Authority. Mr. Barker has participated in over $40 billion structured financings, with over 1,200 Private Activity and General Obligations bonds with half of the issuances being Affordable Housing related projects. Mr. Barker's previous experience covers all aspects of Mortgage Backed Securitizations. He began his career as an analyst with UBS and continued on to become an AVP of Secondary Markets at a boutique investment banking firm. Mr. Barker is a Board Member for the California Affordable Housing Development Association (CAHDA), the California Council for Affordable Housing and the Oscar de la Hoya Foundation. He has earned a spot on the Top 50 list of Next Generation of Public Finance. Mr. Barker is a regular speaker in the public finance circuit. He has led the highly regarded “Everything You Wanted to Know About Bonds but Were Afraid to Ask” Panel for the past 10 years at Housing California, the nation’s largest affordable housing conference. Mr. Barker received a BS in Finance and Business Management from Brigham Young University and has been certified by the Investment Banking Institute.
The challenge of building new housing and making it affordable is omnipresent in California. With the new threshold test for bond-financed housing credit properties lowered to 25%, allowing additional buildings financed with tax-exempt bonds to qualify for housing credits, how are issuers preparing for new housing opportunities?