Technical Assistance

Intro Tax Credit Finance Course
August 13-14, 2019
Detroit, MI

Baker Tilly Virchow KrauseBNY MellonBricker & Eckler LLPBryan Cave Leighton Paisner LLPBusiness OregonCohnReznickFBT Project Finance Advisors LLCFifth Third BankFrost Brown Todd, LLCHawkins Delafield & Wood LLPIce Miller LLPKeyBanc Capital MarketsKutak Rock LLPMcCarter & English, LLPMcGuireWoodsMuniCap, Inc.NW Financial Group, LLCPetros PACE FinanceSB Friedman Development AdvisorsStern BrothersStifel NicolausU.S. BankWells Fargo SecuritiesWilmington TrustZ. The Bond Buyer


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The Intro Tax Credit Finance Course examines the application of tax credit programs in greater economic development finance efforts. This course discusses the practical application of tax credit programs including new markets, low income housing, historic preservation, and state-specific programs. 

This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and attendees fulfill half of the requirements for the DFCP Program. Join us in Detroit, and start down the road to personal and professional advancement today.

The schedule for CDFA Summer School is outlined below. Click on the course name to learn more about the topic and agenda:

CDFA Summer School: Course Schedule

August 12, 2019
Tuesday & Wednesday
August 13-14, 2019
Thursday & Friday
August 15-16, 2019


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
  • 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

Darnell Moses Darnell Moses
Council of Development Finance Agencies
Vice President
As Vice President of Development Finance with CDFA, Mr. Moses works within all facets of CDFA. His expertise enhances the work in Research and Technical Assistance, including working on CDFA Publications; Government Affairs including participating... (More)


Tuesday, August 13, 2019

Tue 8:00 AM - 8:30 AM
Registration & Continental Breakfast
Tue 8:30 AM - 9:00 AM
Welcome & Overview
Welcome participants, introduce CDFA and set the stage for the two-day course.
  • Darnell Moses, Vice President, Council of Development Finance Agencies
Tue 9:00 AM - 10:15 AM
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.
Tue 10:15 AM - 10:30 AM
Tue 10:30 AM - 12:00 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.
Tue 12:00 PM - 1:30 PM
Lunch on Your Own
Tue 1:30 PM - 3:15 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.
  • Lee Goldstein, Development Director, Housing Development, Volunteers of America
  • Garth Rieman, Director, Housing Advocacy and Strategic Initiatives, National Council of State Housing Agencies
Tue 3:15 PM - 3:30 PM
Tue 3:30 PM - 4:30 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.
Tue 4:30 PM

Wednesday, August 14, 2019

Wed 8:30 AM - 8:45 AM
Registration & Continental Breakfast
Revisiting Day One
The first day of the Intro Tax Credit Finance Course looked at the basics of Tax Credit Financing. At the start of Day 2, we will review some important terms and set the stage for the remaining sessions focused on the more technical aspects of Tax Credit Financing.
  • Darnell Moses, Vice President, Council of Development Finance Agencies
Wed 8:45 AM - 12:00 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 (CDEs) working in targeted low-income communities. This interactive dialogue with four experienced New Markets practitioners will cover the basics of New Markets Tax Credits; how investors, developers and CDC's view NMTC; and regulatory issues to keep your project in compliance. There will be a 15 minute break during this session.
  • Victor Abla, LISC Regional Preservation Director, Local Initiatives Support Corporation
  • Corey Leon, Field Director, National Development Council
  • Sara Pietka, President, Roeder & Company, LLC
  • Radhika Reddy, Partner, Ariel International Center
Wed 12:00 PM - 1:30 PM
Lunch on Your Own
Wed 1:30 PM - 3:00 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.
Wed 3:00 PM - 5:00 PM
Adjourn & Cocktail Reception
Join your peers at CDFA Summer School for a cocktail reception hosted by CDFA. The reception will be held from 3:00 – 5:00 pm in the Symphony Foyer, near the CDFA Registration desk.


CDFA Summer School will be held at the Westin Book Cadillac Detroit which is located in the heart of downtown Detroit.

Westin Book Cadillac Detroit
1114 Washington Boulevard
Detroit, Michigan 48226
Phone: 313-442-1600

>>>Reserve Your Room Now

CDFA has arranged a significantly reduced room rate of $194.00 (plus tax) per night for a standard room (single or double occupancy). A select number of hotel rooms are available from August 11-16, 2019 at the reduced rate if reservations are made before July 21, 2019. This rate is not guaranteed if reservations are made after the cut-off date or if the hotel is sold-out. Please reserve your room early. For individual reservations click on the link above or call 313-442-1600 and reference CDFA Summer School.


This course will be offered at CDFA Summer School. CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. Participants may register for one, two, or three courses during CDFA Summer School.

Scholarships are available to attend this event. Learn more about the CDFA Scholarship Program, and submit your application today.

Register before July 12, 2019 for Early-Bird Rates.

When you register for three courses during CDFA Summer School, you will receive a $200 discount off the total registration fee.

Click the Register button to view the total fees and discounts available for CDFA Summer School.
Early Bird Rates
(Ends July 12)
CDFA Member: $350
Non-Member: $500
Standard Rates
(After July 12)
CDFA Member: $400
Non-Member: $550