CDFA - Tax Credit Finance Course - Agenda


Agenda

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.

DAY ONE

7:30 – 9:00 am Registration & Continental Breakfast

9:00 – 9:45 am Welcome & Introduction to Tax Credits

The use of tax credits to finance economic development projects has grown in popularity over the last decade. This session will discuss the rise in the use of tax credits, the benefits and key strengths of their use, as well as a brief introduction to some of the more popular programs.

9:45 – 10:00 amBreak

10:00 am – 12:00 pmBrownfield 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 pmHistoric 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.

3:30 – 3:45 pmBreak

3:45 – 5:00 pmUnique 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.

5:00 pmAdjourn

DAY TWO

8:30 – 10:00 amTax 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.

10:00 - 10:15 amBreak

10:15 – 12:00 amLow-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 pmLunch 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.

2:45 – 3:00 pmBreak

3:00 – 4:00 pmNew Markets Tax Credit (NMTC) Program, continued

4:00 pmAdjourn

Council of Development Finance Agencies
815 Superior Avenue
Suite 1301
Cleveland, Ohio 44114
Phone: (216) 920-3073
Fax: (216) 771-4938
E-mail: info@cdfa.net