The Intro Tax Credit Finance WebCourse examines the application of tax credit programs in greater economic development finance efforts. This course will discuss the practical application of tax credit programs including brownfields, new markets, low income housing, historic preservation, and state-specific programs.
From urban redevelopment and historic preservation to housing and high tech infrastructure, myriad tax credit programs exist to help communities create jobs and energize their economies. Yet these innovative tools remain underutilized throughout the country. This course differs significantly from other tax credit training events offered in our industry because participants will learn how to effectively apply tax credits to development opportunities, rather than just be taught the facts and figures of each program.
The Intro Tax Credit Finance WebCourse is presented via the web over two days and includes lecture and presentations from speakers throughout the country. During the WebCourse, attendees can raise their hands, ask questions, comment on presentations and take interactive polls throughout the sessions. CDFA's Course Advisor moderates the WebCourse to ensure speaker and participant interaction throughout.
Participants must have access to a computer and phone to attend the WebCourse. Participants receive instructions for logging into the WebCourse in a follow-up email after registering. Course materials are mailed to participants approximately one week before the course.
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:
- Learn about the application of state and federal tax credit programs
- Hear from leading tax credit professionals from around the country
- Review best practices and case studies that can be implemented in your community
- Gain a greater understanding of the partnership opportunities in the tax credit industry
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You will learn through:
- Real life case studies
- Interactive, online discussions
- Presentations from industry experts
- A comprehensive reference guide
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Topics covered include:
- New Markets Tax Credit Program
- Brownfield Tax Credit Program
- Historic Preservation Tax Incentive Program
- Low Income Housing Tax Credit Program
- Energy Tax Credits
- Innovative State Tax Credit Programs
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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
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Course Advisor:
Toby Rittner runs the day-to-day operations of the Council of Development Finance Agencies (CDFA), which includes management of a 32 member Board of Directors, and the organization’s various educational, advocacy and research initiatives. Rittner is a frequent speaker at local, state and national conferences and events focused on economic development finance. He has been featured extensively in The Bond Buyer and other national media publications concerning the advancement of development finance tools. He is the author if CDFA's highly acclaimed Practitioner's Guide to Economic Development Finance and is a Certified Economic Development Finance Professional (EDFP) through the National Development Council (NDC). Rittner has also advised state and federal government leaders, including President Obama’s Administration Transition Team, on economic development finance policy and focus.
Prior to joining CDFA, Mr. Rittner was the Director of Legislative Affairs and former Director of Training for the International Economic Development Council (IEDC). Mr. Rittner has also worked for the Franklin County, Ohio Board of Commissioners, Community and Economic Development Department as a Senior Program Coordinator for Economic Development and as an Associate Planner for the City of Gahanna, Ohio.
In 2010, Mr. Rittner was appointed to the U.S. Environmental Protection Agency’s Environmental Financial Advisory Board. He is a member of the Advisory Board for the National Community Fund I, LLC and is also a member of the Advisory Board for Heritage Ohio. Mr. Rittner holds a Bachelor of Arts in Political Science and a Master's of City and Regional Planning degree from the Ohio State University.
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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 tax credit finance as outlined in this agenda will be covered. All times are in Eastern Standard Time (EST).
| 12:00 – 12:15 pm | Welcome & Overview |
Welcome participants, introduce CDFA and set the stage for the two-day course.
| 12:15 – 1:00 pm | Introduction to Tax Credits |
From urban redevelopment and historic preservation to housing and high tech infrastructure, myriad tax credit programs exist to help communities create jobs and energize their economies. Yet these innovative tools remain underutilized throughout the country. During this introductory session, attendees will learn about the basics of tax credit finance.
| 1:00 – 2:20 pm | Historic Preservation Tax Incentive Program |
Rehabilitation tax credits were established to discourage unnecessary demolition of older buildings and to slow capital flight from older urban areas. This incentive offers a credit against total federal taxes owed, which is taken for the year in which the renovated building is put into service. During this session, attendees will learn how this valuable program can reinvigorate historic communities in a cost-effective and investment-friendly manner.
| 2:30 – 3:50 pm | Low-Income Housing Tax Credit Program |
Congress created the Low Income Housing Tax Credit (LIHTC) in 1986 to promote the construction and rehabilitation of housing for low-income persons. During this session, attendees will learn the basics of the LIHTC program and how to implement this tool in their community.
| 4:00 – 5:00 pm | Energy Tax Credit Programs |
There are many federal and state tax credit programs that exist to encourage investment in a variety of energy projects, including solar, wind, geothermal, and energy efficiency. This session will outline some of the more widely used programs and demonstrate how they are making a difference in both large- and small-scale energy developments.
| 12:00 – 2:50 pm | New Markets Tax Credit (NMTC) Program |
The New Markets Tax Credit (NMTC) was created to address the lack of capital available to business and economic development ventures in low-income communities. The NMTC provides the incentive of a federal tax credit to individuals or corporations that invest in Community Development Entities (CDEs) working in targeted low-income communities. This session will focus on the nuts and bolts of the NMTC program with emphasis on case study examples of successful projects.
There will be a 10 minute break during the middle of this session.
| 3:00 – 4:00 pm | Unique State Tax Credit Programs for Economic Development |
State tax credits have become an extremely popular tool for encouraging investment and development in the local community. Every state currently has at least one tax credit program, and many employ a package of diverse tools to address niche industry financing needs. This session will cover a few of the innovative tax credit programs currently being used across the country.
| 4:00 – 5:00 pm | Tax Credits in Combination with Other Tools |
Federal tax credits are often used as just one of the financing components of a large project. They are regularly combined with state tax credit programs, bonds, tax increment finance, and more. During this session, attendees will learn how tax credits can be combined with other tools and the strategies that have been employed to achieve this comprehensive financing approach.
The course will take place on the web through GoToWebinar, an online distance learning software. The course will meet each day from November 6-7, 2012 from 12:00-5:00 pm (EST). Participants must have access to a computer and phone to attend the WebCourse. Participants receive instructions for logging into the WebCourse in a follow-up email after registering. Course materials are mailed to participants approximately one week before the course.
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.
Register before October 12, 2012 for Early-Bird Rates.
| Early-Bird Registration | Standard Registration |
| Member | $550.00 | $600.00 |
| Non-Member | $675.00 | $725.00 |
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