Conference Speaker Overview

John Aeto

Principal, The Kalaimoku Group

Mr. Aeto is one of Hawaii’s brightest marketing minds. He ran broadcast entities on Honolulu for over 25 years, before starting The Kalaimoku Group (TKG), a Hawaiian Communication firm. TKG is a full service integrated marketing and communications firm. TKGs roots are in advertising, marketing and government relations, but in the last 4 years TKG has been at the forefront of some of the states biggest Capital Campaigns. John has developed a new and dynamic approach to Capital Fundraising that is tailored made to Hawaii and its unique community.

Tracy Burton

Vice President, Wells Fargo Community Lending and Investment (CLI) group

Tracy Burton is a vice president and the West Region deal team manager for the Wells Fargo Community Lending and Investment (CLI) group. In this role, she originates, underwrites, and manages a portfolio of New Markets Tax Credit (NMTC) investments. Tracy joined Wells Fargo in 2000. Since that time, she has held positions in a range of departments including Capital Markets and Commercial Banking, as well as positions in several areas within CLI including Low Income Housing Tax Credits investments, private equity, and equity- equivalent investments to nonprofit organizations. She is a graduate of Wells Fargo’s Wholesale Banking Credit Management Training Program and a recipient of the Wells Fargo Golden Spoke award.

Tracy holds a masters in business administration from Columbia University and University of California, Berkeley. She received a bachelor of science degree in international business and a bachelor of arts degree in Spanish at the University of Denver.

Tracy is actively involved in her local community and served on the boards of directors of Compass Family Services and Black Rock Arts Foundation during her 15 year tenure in San Francisco.  In 2015, she relocated to Oregon where she enjoys spending time with her husband, two kids, two cats, and friends.

Maria Bustria-Glickman

Vice President, New Markets & Historic Tax Credit Investments U.S. Bancorp Community Development Corporation

Maria Bustria-Glickman manages NMTC and HTC origination activities throughout the Western region of the United States. She has over 13 years of combined experience in finance, affordable housing and management consulting in the private and nonprofit sectors. Since joining USBCDC in 2007, Maria has participated in tax credit transactions that have included mixed-use, commercial, office, hospitality, retail and community facilities. Earlier in her career, she worked for Seedco, a community development intermediary, and JP Morgan. She’s interested in experiences that blend economic gains with positive social and community impacts. Maria serves on the Board of Endeavor College Prep, a charter middle school, and Abode Communities, and sits on the Low Income Investment Fund Western Region Advisory Committee. She holds a Master of Public Policy and Administration from the School of International and Public Affairs at Columbia University and a BS in finance and accounting from Boston College.

Phil Glynn

Vice President for Economic Development, Travois

Phil Glynn, vice president for economic development, manages the economic development staff of Travois ( He is also the director of Travois New Markets, a nationally certified Community Development Entity (CDE) that focuses solely on American Indian, Alaska Native and Native Hawaiian communities. He assists tribes and individual Native entrepreneurs in developing financing packages for tribal businesses and works with investors to promote economic revitalization on reservations across the country. He graduated from the University of Missouri-Kansas City with a master’s degree in public administration and from Wake Forest University with a degree in English. In 2010, Phil joined the New Markets Tax Credit Coalition Board of Directors, the principal policy voice advocating for NMTCs, and he is also a member of Novogradac & Company’s New Markets Tax Credit Working Group. Ingram’s magazine recognized Phil in its 2010 class of “20 in their Twenties,” an honor given to young professionals who are “embracing the promise of entrepreneurship and advancing its principles” in Kansas City. In 2011, Phil was appointed to the Kansas City, Mo., Tax Increment Financing (TIF) Commission by Mayor Sly James. The commission makes recommendations to the Kansas City Council about development plans that include TIF, an economic development incentive that has been important in reviving downtown Kansas City and other areas.

Karen Hughes

Certified Public Accountant

Ms. Hughes has been in the accounting and finance industry for over 20 years. She is a graduate of the University of Hawaii College of Business with a bachelor’s degree in business administration and has been a licensed Certified Public Accountant (CPA) in the State of Hawaii for over 10 years. Ms. Hughes has experience to include:  individual and business tax preparation and consulting, financial compilations, client representation, start-up business consulting, bookkeeping, and payroll processing. Her experience also includes audits of governmental agencies, private companies, and nonprofit organizations. Ms. Hughes currently has a private CPA practice in Honolulu.

Darryl P. Jacobs

Ginsberg Jacobs LLC

Darryl P. Jacobs has more than twenty years of experience in tax and corporate law. His practice focuses on international, state and federal tax matters, with a primary concentration on tax credit financing transactions. Darryl regularly counsels developers, investors, syndicators and lenders on New Markets Tax Credits, Historic Tax Credits, Rehabilitation Credits, Low-Income Housing Credits and preservation easements. Additionally, Darryl is frequently featured as a speaker at local and national tax conferences. His corporate experience includes mergers and acquisitions, complex corporate transactions and private placements. Mr. Jacobs is also adept in the structuring of joint ventures, limited liability companies and partnerships.

Darryl was formerly a partner at Sachnoff & Weaver and Levenfeld Pearlstein, LLC. He received his Juris Doctorate from Harvard Law School, graduated Cum Laude in 1988. Darryl is also a Certified Public Accountant and winner of the Elijah Watts Sells Award. Leading Lawyers Network named him as a Leading Lawyer. He is a member of the New Markets Tax Credit Coalition and New Markets Tax Credit Working Group.

Scott A. Lindquist

Partner, Dentons

Mr. Lindquist has over thirty years’ experience in real estate finance, development, and investment, including partnership and LLC investment structuring and tax-advantaged investments. A substantial portion of his practice is devoted to representation of a wide variety of clients in the New Markets Tax Credit area, participating in hundreds of transactions involving well over two billion dollars of investment. He has been a speaker at over forty NMTC conferences over the last eleven years, and he has also authored and co-authored numerous articles on NMTC-related issues. For more detailed biographical information, as well as information on Dentons’ nationally-recognized Tax Advantaged Investing, Affordable Housing, and Community Development practice, please visit the Firm’s web site (

Dennis O’Connor Jr.

Partner, O’Connor Playdon & Guben LLP

Mr. O’Connor Jr. earned a B.S. Degree in Political Economics from University of California at Berkeley and a Juris Doctorate degree from the UH William S. Richardson School of Law. During law school he lived in Chuuk and worked as a Law Clerk for Associate Justice Benson of the Supreme Court of the Federated States of Micronesia. After graduation from law school he was a Law Clerk for U.S. Magistrate, Daral G. Conklin, U.S. District Court for the District of Hawaii. Mr. O’Connor’s primary area of practice is civil litigation. He is admitted to practice before the courts in the State of Hawaii, the U.S. District Court for the District of Hawaii, and the United States Court of Appeals for the Ninth Circuit.

Nicolo Pinoli

Partner, Novogradac & Company LLP

Nicolo Pinoli is a partner in the Portland, Ore., office of Novogradac & Company LLP, where he specializes in affordable housing and community development, including the low-income housing tax credit (LIHTC), new markets tax credit (NMTC), historic rehabilitation tax credit (HTC) and tax-exempt bond financed transactions. Mr. Pinoli has extensive experience in a wide range of services, including financial statement audits; tax return preparation; writing NMTC and LIHTC applications; LIHTC, NMTC, and HTC transaction underwriting; consulting on LIHTC, NMTC, and HTC transaction structuring; and LIHTC and NMTC compliance. A frequent speaker at industry conferences, Mr. Pinoli also delivers several webinars every year on topics such as NMTC exit strategies, NMTC allocation applications and LIHTC Year 15 strategies. He has published many articles on various technical issues confronting the affordable housing and community development industries, and also serves as a technical editor of the Novogradac LIHTC Handbook. Mr. Pinoli received a bachelor’s degree in accounting and a master’s degree in professional accounting from Brigham Young University and is licensed in California, Oregon and Washington as a certified public accountant.

Ingrid F. VanBiber

Shareholder, Polsinelli

Ingrid VanBiber provides valuable and strategic legal counsel to borrowers, lenders, and investors whether they are involved in a highly structured tax credit transaction or a non-structured loan agreement. Ingrid is committed to simplifying the closing process for her clients, and she delivers efficiency through her significant experience in financing transactions. Her experience includes: federal and state historic rehabilitation tax credits; federal and state New Markets Tax Credits; “twin” transactions using federal New Markets Tax Credits and federal rehabilitation tax credits; federal Low-Income Housing Tax Credits; and multi-property and multimillion dollar loans and defeasances secured by all types of real property, including hotels, shopping centers, offices, industrial, mixed use, manufactured homes, apartments, and condominiums.

Ms. VanBiber received her B.B.A. from the University of Missouri-Kansas City and J.D. from Washington University in St. Louis. Her areas of focus are: affordable housing, financial services, real estate finance, real estate lending, and tax credit financing. She has several key matters that include: representing a community development entity to finance construction of a dental center for an underserved Native American community and served as counsel to a regional develop in transforming a dilapidated historic building in the central core of the city into a boutique hotel.