The Intro Tax Credit Finance Course 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, a myriad of tax credit programs exist to help communities create jobs and energize their economies. Yet these innovative tools remain underutilized throughout the country. This course explores these programs through lecture, case study review and interactive class exercises by focusing on the actual application of successful tax credit programs.
The Intro Tax Credit Finance Course differs significantly over 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 teach the facts and figures of each program.
By attending, you will:
- Learn about the application of state and federal tax credit programs
- Interact with 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, small group exercises
- 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
- 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:
James Carras is Principal of Carras Community Investment, Inc. and a Visiting Assistant Professor at FAU’s Department of Urban and Regional Planning. For over twenty years, he has concentrated on designing and implementing responses and solutions for community/economic development opportunities. Assignments have ranged from influencing national policy on community investment, affordable housing and community economic development (Fannie Mae’s “White Paper on Affordable Housing Context”) to creating local financing and funding partnerships (e.g. Massachusetts Housing Investment Corporation, Delaware Community Investment Corporation) across the country. Mr. Carras is recognized nationally for the creation and expansion of over fifty development financial institutions and community investment initiatives. Most recently, he is recognized as an expert in planning and implementing New Markets Tax Credit initiatives.
His most recent consulting assignments include an investment plan for the Tampa Bay Partnership Workforce Housing Equity Fund, City of Fort Lauderdale’s Business Plan for a Business Improvement District, Miami-Dade County’s Economic Development Implementation Plan, the City of Miami’s Affordable Housing Trust Fund, and the City of Plantation Housing Needs Assessment. Mr. Carras prepared the Strategic Plan for the Broward Housing Partnership, Inc. resulting in the creation of the BHP Housing Trust, Inc. and BHP Community Land Trust, Inc.
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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.
| 7:30 – 8:30 am | Continental Breakfast & Registration |
| 8:30 – 9:45 am | Welcome & Overview |
| 10:00 am – 12:00 pm | Brownfield Tax Credit Program |
The federal brownfield tax incentive program is one of the most productive yet underutilized tax credits available for land redevelopment. Numerous cities have incorporated this valuable tool in comprehensive brownfield projects that have paid large dividends for the local economy and community. The session will focus on the application of this tool in local brownfield redevelopment efforts.
| 12:00 – 1:30 pm | Lunch on Your Own |
| 1:30 – 3:30 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.
| 3:45 – 4:30 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 with many employing 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.
| 8:00 – 8:30 am | Continental Breakfast |
| 8:30 – 10:00 am | Tax Credits at Work - Project, Programs and Success Stories |
Cities across the country are implementing tax credit programs, which impact local economic development and make a real difference. In cities across the country tax credits are put to the test on a daily basis to create opportunity and spur new investment. This session will feature first hand accounts of tax credit programs and the projects they have turned into success stories.
| 10:15 – 12:00 am | 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.
| 12:00 – 1:15 pm | Lunch on Your Own |
| 1:15 – 2:45 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 real case study examples of successful projects.
| 3:00 – 4:30 pm | New Markets Tax Credit (NMTC) Program, continued |
The course will take place at the DoubleTree Washington DC in the heart of downtown Washington, DC. CDFA has negotiated a significantly reduced nightly room rate of $169 for course attendees. To reserve a room, contact the DoubleTree Washington DC at (202) 232-7000. All reservations for the CDFA block must be made over the phone for this course. The reduced room rate is guaranteed until July 16, 2010, as long as rooms are available. After this date, neither CDFA nor the hotel can guarantee this rate. Please reserve your room early, and be sure to mention CDFA when making your reservations.
The course hotel is located at:
DoubleTree Washington DC
1515 Rhode Island Avenue NW
Washington, DC 20005
Phone: (202) 232-7000
www.doubletreewashington.com
To register for the this course, click on the Register button below. To help maximize training opportunities, CDFA offers two separate courses during select weeks of the year. Individuals attending two courses in one week are eligible for a $100 dual-course discount. This discount will be reflected in the final total during the registration process.
| Early-Bird Registration | Standard Registration |
| Member | $550.00 | $600.00 |
| Non-Member | $675.00 | $725.00 |
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