CDFA's Advanced Tax Increment Finance Course builds upon CDFA's introductory TIF Course by focusing more concretely on structuring the deal and developing short- and long-term policies. You will also learn about performance monitoring, feasibility analysis and using TIF in conjunction with other development finance tools.
This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
By attending, you will:
- Gain a greater understanding of the complexity of TIF projects
- Break down and evaluate complex TIF concepts and project pro-formas
- Review common components of model state TIF statutes
- Examine critical TIF public policy elements for ensuring maximum program success
- Understand the typical challenges faced when managing and monitoring active TIF districts
- Discuss your TIF projects with industry experts
- Receive a copy of CDFA's Advanced Tax Increment Finance Reference Guide
|
|
You will learn through:
- Real life case studies
- Interactive, small group exercises
- Presentations from industry experts
- A comprehensive course book
|
|
Topics covered include:
- Model Policies, Guidelines & Procedures
- Understanding Your TIF Statute
- TIF Process From A to Z
- Assessing Project Feasibility
- Performance Monitoring
- Managing Active TIF Districts
- Maximizing TIF By Combining Tools
|
|
Who should attend?
- Bond issuers
- Economic development professionals
- Community development professionals
- Broker, dealers and underwriters
- Elected officials
- Government and nonprofit finance officers
- Corporate trustees
- Legal counsel
- Underwriters
- Commercial bankers
- Accountants
|
Course Advisor:
Tony Q. Smith serves as the Council's Tax Increment Finance Course Advisor providing expertise, leadership and direction for CDFA's Training Institute. Smith's' vast experience in project and real estate finance provides a deep knowledge-base to help guide CDFA's educational elements related to tax increment finance.
Tony Q. Smith, AICP is a Practice Leader with S. B. Friedman & Company, a development advisory firm based in Chicago’s Loop. Tony is a real estate analyst with experience in public/private deal structuring, negotiations, tax increment financing (TIF) analysis, New Markets Tax Credits, and area revitalization strategies. He has assisted municipalities such as the City of Chicago, City of Milwaukee, and suburban Illinois communities in creating TIF districts, negotiating TIF contributions to public/private deals, and evaluating TIF feasibility for a range of front funding instruments.
On behalf of the City of Chicago, he also led the process of successfully applying for a $100 million allocation of New Markets Tax Credits in the 2006 federal competitive round. He is currently assisting the City in implementing its New Markets program. Tony holds a Master’s in City Planning, a Post-Master’s Certificate for study in Transportation and Infrastructure Planning, and a B.A. in Urban Studies and Environmental Studies, all from the University of Pennsylvania. He is a member of the American Planning Association, the Urban Land Institute, and the Congress for the New Urbanism.
|
The following is the preliminary agenda for this course. This agenda will be updated and modified slightly to accommodate speakers and content. However, the main areas of content as outlined in this agenda will be covered.
| 8:00 – 8:30 am | Continental Breakfast & Registration |
| 9:00 – 9:30 am | Welcome & Overview |
| 9:30 – 10:30 am | TIF Overview |
Development finance professionals must have a solid understanding of how TIF works in order to build a successful toolbox of financing programs. Even though TIF has become one of the nation’s most popular development finance tools, it is used in a variety ways from state to state. We’ll start the day by reviewing the basics of TIF and establishing a baseline of how communities should use this tool to achieve their economic development objectives.
| 10:45 am – 12:00 pm | Understanding Your TIF Statute |
Understanding your state’s TIF statute is essential to mastering the use of TIF as an economic development finance tool. We’ll look at common components of model TIF statutes from a variety of states. In addition, we’ll discuss issues related to the political process and recommended practices for formulating or revising a TIF statute.
| 12:00 – 1:15 pm | Lunch on Your Own |
| 1:15 – 2:00 pm | Model Policies, Guidelines & Procedures |
Ideally, TIF policies should be proactive but flexible. This session will cover the process of establishing a sound TIF policy and typical elements of effective guidelines and procedures. We’ll discuss what should and shouldn’t be included in TIF guidelines, consequences of not following guidelines, and issues related to transparency, due diligence and accountability.
| 2:15 – 4:00 pm | TIF Process From A to Z |
Successful TIF transactions take time to complete and involve many different players. During this session, we’ll discuss this process in detail including sources of funding, types of transactions, and procedures for issuing bonds. We’ll also examine example term sheets and development agreements.
| 4:00 – 4:30 pm | Group Project Discussion |
Attendees will have the opportunity to discuss projects with industry leaders and pose questions regarding deals they are working on during this session.
| 8:00 – 8:30 am | Continental Breakfast |
| 8:30 – 10:00 am | TIF and the Bond Market |
This session will focus on how the financial markets, and the bond market in particular, is affecting the use of TIF to complete deals.
| 10:15 am – 12:00 pm | Assessing Project Feasibility |
The first step in moving forward with a TIF project is assessing its feasibility. Attendees will learn the metrics and criteria in performing and interpreting a public side analysis of a TIF project. This session will look at putting together a project pro forma with appropriate assumptions.
| 12:00 – 1:15 pm | Lunch on Your Own |
| 1:15 pm – 2:15 pm | Performance Monitoring & Managing Active TIF Districts |
It is important to understand the typical challenges faced when managing and monitoring active TIF districts. This session will address what you should expect once a TIF deal has been completed and why it is critical to maintain communications with bond investors and the community.
| 2:30 – 4:30 pm | Maximizing TIF By Combining Tools |
The versatility of TIF is one of its strengths. The closing session will examine how TIF can be used in conjunction with other development finance tools. In particular, we’ll look at combining TIF with tax credits and new bond programs created by the American Recovery and Reinvestment Act of 2009.
Check back for upcoming course dates or email CDFA to find out when this course will next be offered.
This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
| Early-Bird Registration | Standard Registration |
| Member | $550.00 | $600.00 |
| Non-Member | $675.00 | $725.00 |
|