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Intro Tax Credit Finance WebCourse
March 21-22, 2018
Daily: 12:00 - 5:00 PM Eastern

Alaska Industrial Development and Export AuthorityBaker Tilly Virchow KrauseBallard Spahr LLPBNY MellonBricker & Eckler LLPBryan Cave LLPBusiness OregonCohnReznickFBT Project Finance Advisors LLCFrost Brown Todd, LLCHawkins Delafield & Wood LLPIce Miller LLPKeyBanc Capital MarketsKutak Rock LLPMB Financial Bank, NAMcCarter & English, LLPMcGuireWoodsMiles & Stockbridge P.C.NW Financial Group, LLCSB Friedman Development AdvisorsSquire Patton BoggsStern Brothers & Co.Stifel NicolausU.S. BankWells Fargo SecuritiesWilmington TrustZ. The Bond Buyer

-Overview

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.

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.

Course Objectives

  • 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

Topics Covered

  • New Markets Tax Credit Program
  • Historic Preservation Tax Incentive Program
  • Low Income Housing Tax Credit Program
  • Energy Tax Credits
  • Innovative State Tax Credit Programs

Who Should Attend?

  • Bond issuers
  • Economic development professionals
  • Community development professionals
  • Elected officials
  • Government and nonprofit finance officers
  • Corporate trustees
  • Legal counsel
  • Underwriters
  • Commercial bankers
  • Accountants
  • Financial advisors
  • Policy makers

Course Advisor

Tony Smith Tony Smith
CDFA Tax Increment Finance Course Advisor
SB Friedman Development Advisors
Executive Vice President
Tony Q. Smith is an Executive Vice President with S. B. Friedman & Company, a development advisory firm based in Chicago's Loop. He has extensive experience in financial analysis, public-private deal structuring for complex projects, tax credit... (More)

-Agenda

Wednesday March 21, 2018

Wed 12:00 PM - 12:30 PM
Welcome & Overview
Welcome participants, introduce CDFA and set the stage for the two-day course.
Speaker(s)
  • Tony Smith, Executive Vice President, SB Friedman Development Advisors
  • Wed 12:30 PM - 01:45 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.
    Wed 01:45 PM - 02:45 PM
    Break
    Wed 02:00 PM - 03:15 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.
    Speaker(s)
  • Lisa Brownell, Ohio Historic Preservation Tax Credit Program Manager, Ohio Development Services Agency
  • Albert Rex, Director, MacRostie Historic Advisors LLC
  • Wed 03:15 PM - 03:30 PM
    Break
    Wed 03:30 PM - 05:00 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.
    Wed 05:00 PM
    Adjourn

    Thursday March 22, 2018

    Thu 12:00 PM - 12:15 PM
    Overview of Day 1
    Thu 12:15 PM - 02:15 PM
    New Markets Tax Credit 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 (CEDs) working in targeted low income communities. This session will include experienced New Markets practitioners who will cover the basics of the NMTC program, how investors, developers and CDCs view NMTC, and regulator issues to keep your project in compliance.
    Speaker(s)
  • John Dalton, Partner, Bryan Cave LLP
  • Richard Davies, Partner, CohnReznick LLP
  • Thomas Oldenburg, Business Development & Tax Credit Investments, U.S. Bancorp Community Development Corporation
  • Tony Smith, Executive Vice President, SB Friedman Development Advisors
  • Thu 02:15 PM - 02:30 PM
    Break
    Thu 02:30 PM - 03:30 PM
    State Tax Credit Programs for Economic Development
    Every state has at least one tax credit program, and many employ a package of diverse tools to address niche industry financing needs. However, several of these programs have been scrutinized, and many states are now restructuring or eliminating their tax credit programs. This session will cover what a quality state tax credit program should include, and will look at a few of the innovative tax credit programs currently being used across the country.
    Speaker(s)
  • Chris Roney, General Counsel, Finance Authority of Maine
  • Thu 03:30 PM - 05:00 PM
    Tax Credits as a Source of Gap Finance
    By design, Federal tax credit programs are created to advance a national policy objective. The implementation of the programs, however, occurs at the local level through individual projects that are rarely undertaken with only one goal in mind. The resulting question for practitioners is how and when these tools can be employed tactically to advance local objectives. In many instances, the tax credits are used only after other options have failed. This session provides a how to overview for practitioners of the basics of financial gap analysis and how tax credits can fill this gap.
    Speaker(s)
  • Kevin Gremse, Senior Director, National Development Council
  • Tony Smith, Executive Vice President, SB Friedman Development Advisors
  • Thu 05:00 PM
    Adjourn

    -Location


    The Intro Tax Credit Finance WebCourse will take place on the web through GoToWebinar, an online distance learning software. The course will meet each day on March 21-22, 2018 from 12:00-5:00 pm (Eastern). You must have access to a computer and phone to attend the WebCourse.

    -Registration

    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.

    CDFA permits only one person to login and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate your connection and access to GoToWebinar. CDFA offers group discounts for organizations that wish to register multiple people.

    Register before March 2, 2018 for Early-Bird Rates.
    Early Bird Rates
    (Ends March 2)
    CDFA Member: $550
    Non-Member: $825
    Standard Rates
    (After March 2)
    CDFA Member: $600
    Non-Member: $875


    Register