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CDFA // BNY Mellon Webcast Series: Opportunities and Advancements in Water Finance
February 21, 2017
1:00 PM Eastern

CDFA Online Brownfields Project Marketplace
February 24, 2017
12:00 - 5:00 PM Eastern

Intro Bond Finance WebCourse
March 1 - 2, 2017
Daily: 12:00 - 5:00 PM Eastern

CDFA Brownfields Financing Webinar: Financing Brownfields with Private Activity Bonds (PABs)
March 9, 2017
2:00 PM Eastern

CDFA // BNY Mellon Webcast Series: Exploring the Impact of GASB 77
March, 14, 2017
1:00 PM Eastern

2017 CDFA Pennsylvania Financing Roundtable Webinar
March 22. 2017
1:00 - 3:00 PM Eastern

2017 CDFA Michigan Financing Roundtable Webinar
March 23, 2017
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CDFA Texas Conference
Dallas, TX
April 5, 2017

Intro Incentives WebCourse
April 5 - 6, 2017
Daily: 12:00 - 5:00 PM Eastern

CDFA // BNY Mellon Webcast Series: Is There a New Markets Tax Credit Surplus?
April 18, 2017
1:00 PM Eastern

CDFA Missouri Conference
St. Louis, MO
April 20, 2017

CDFA South Carolina Conference
Columbia, SC
April 25, 2017

CDFA Illinois Conference
Chicago, IL
May 2, 2017

Intro Tax Increment Finance WebCourse
May 10 - 11, 2017
Daily: 12:00 - 5:00 PM Eastern

CDFA Colorado Conference
Denver, CO
May 16, 2017

CDFA Texas Webinar: Financing Programs to Support Rural Development
May 17. 2017
11:30 AM - 12:30 PM Eastern

CDFA Georgia Conference
Atlanta, GA
June 7, 2017

Intro Food Systems Finance WebCourse
June 7 - 8, 2017
Daily: 12:00 - 5:00 PM Eastern

CDFA Summer School
Minneapolis, MN
August 7 - 11, 2017

Fundamentals of Economic Development Finance Course
Minneapolis, MN
August 7, 2017

Intro Bond Finance Course
Minneapolis, MN
August 8 - 9, 2017

Intro Brownfields Finance Course
Minneapolis, MN
August 8 - 9, 2017

Intro Energy & Water Finance Course
Minneapolis, MN
August 10 - 11, 2017

Intro Revolving Loan Fund Course
Minneapolis, MN
August 10 - 11, 2017

CDFA Ohio Conference
Columbus, OH
September 7, 2017

CDFA Florida Conference
Fort Lauderdale, FL
September 28, 2017

CDFA National Development Finance Summit
Atlanta, GA
November 15 - 17, 2017

Intro Tax Increment Finance WebCourse
OverviewAgendaLocationRegistration
Alaska Industrial Development and Export Authority Baker Tilly Virchow Krause Ballard Spahr LLP Bank of America, Merrill Lynch BNY Mellon Bricker & Eckler LLP Bryan Cave LLP Business Oregon CohnReznick FBT Project Finance Advisors LLC Frost Brown Todd, LLC Hawkins Delafield & Wood LLP Ice Miller LLP KeyBanc Capital Markets Kutak Rock LLP MB Financial Bank, NA McGuireWoods NW Financial Group, LLC Squire Patton Boggs Stern Brothers & Co. Stifel Nicolaus S.B. Friedman & Company U.S. Bank Wells Fargo Securities Wilmington Trust
Z. The Bond Buyer
Overview

The Intro Tax Increment Finance WebCourse offers an in-depth look at the guiding principles and appropriate application of TIF. This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community including economic developers, public agency representatives, bond issuers, legal professionals, developers, financial advisors, and other stakeholders.

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 Today!
By attending, you will:
  • Learn the building blocks of TIF and essential best practice principles
  • Dissect TIF deals from start to finish including community buy-in, redevelopment planning, bond issuance and post-project monitoring
  • Understand TIF bond issuance and mechanics
  • Examine project- and district-based TIF approaches
  • Explore the benefits of using special districts, credits and overlays
  • Receive a copy of the Tax Increment Finance Best Practices Reference Guide
You will learn through:

  • Real life case studies
  • Interactive, small group exercises
  • Presentations from industry experts
  • A comprehensive resource guide
Topics covered include:

  • The basics of TIF
  • How to create a TIF
  • Typical improvements
  • Site-specific vs. district-wide approaches
  • Addressing community buy-in
  • Financing variations
  • Credits and overlays
  • Case studies
Who should attend?

  • Bond Issuers
  • Economic Development Professionals
  • Community Development Professionals
  • Developers
  • Broker/Dealers and Underwriters
  • Elected Officials
  • Government and Nonprofit Finance Officers
  • Attorneys
  • Accountants
  • Financial Advisors
  • Policy Makers
Course Advisor:

Mark Barbash is Senior Strategic Advisor for the Council of Development Finance Agencies, the national association representing nation’s leading and most knowledgeable members of the development finance community. With over 30 years of economic development experience, Mark has served at local, state and federal government levels and in the nonprofit and private sector financing sectors focusing on small business, real estate and business development, and development financing. In his career, he has had senior level policy and management responsibilities involving Chief Economic Development Officer for the State of Ohio, Director of Development for the City of Columbus, EVP of Finance Fund (a CDFI/CDE), Vice President for the National Development Council, a New York based nonprofit economic development consulting firm and on Capitol Hill. Mark is a nationally-recognized economic development practitioner and trainer, having developed and taught a wide range of professional development courses, including the National Development Council real estate development courses and the International Economic Development Council real estate and redevelopment course. He serves on the board of the Ohio Economic Development Association and CATCO (A Columbus equity theater company) and previously was on the Board of the International Economic Development Council.

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Agenda
This agenda will be updated and modified slightly to accommodate speakers and content. However, the main areas of content as outlined in this agenda will be covered. All times are in Eastern Time.

DAY ONE

12:00 – 12:30 pmWelcome & Overview

Welcome participants to the Intro Tax Increment Finance Course. During this time, we will introduce CDFA and set the stage for the two-day course.

12:30 – 1:00 pmSetting the Stage: The Basics of TIF

TIF is perennially one of the nation’s most effective and popular development finance tools, but also one of its most misunderstood and controversial. As such, it is imperative for development finance professionals to have a solid understanding of how TIF works to build a successful toolbox of financing programs. This session will focus on understanding what TIF is and why communities use it to achieve economic development objectives.

1:00 – 2:30 pmTIF Legal & Procedural Nuts & Bolts

Creating a TIF district, whether for a larger long-term redevelopment of an area or for an individual site/project, requires an understanding of the legal, technical, policy, and strategic issues related to TIF in your state along with careful attention to detail. This session will look at the legal and procedural nuts and bolts of creating a TIF along with the main types of development activities that TIF can fund and district vs. site-specific considerations. This session will also cover the similar considerations associated with setting up a special assessment district—a related tool that is increasingly being used in combination with TIF.

2:30 – 2:45 pmBreak

2:45 – 3:45 pmTIF Financing Variations

TIF is a very flexible tool, with multiple variations as to the specific revenue sources it can generate and the different ways these revenues are used to support project financings. Presenters will discuss the typical sources for TIF repayments including: property tax, sales tax, and special assessments. The range of ways in which TIF funds can be made available to fund projects during or after construction will also be addressed, including “pay-as-you-go,” developer financing, revenue notes, standalone TIF revenue bonds, and TIF bonds combined with or enhanced by other funding sources. This session will also cover how to establish special assessment districts for additional financing.

3:45 – 4:00 pmBreak

4:00 – 5:00 pmThe Most Overlooked TIF Elements: Addressing Buy-in and Public Policy

TIF is designed to be an instrument that facilitates physical and economic improvements that combat blight and disinvestment and support community revitalization. As a taxpayer funded tool that impacts the local development landscape, TIF use requires community input and political support—aspects that are among the most critical to a TIF program’s success but all-too-often overlooked. This session explains how cities engage and incorporate input from citizens, business owners, school districts, and neighboring or overlapping jurisdictions as they design and administer TIF programs.

5:00 pmAdjourn
DAY TWO

12:00 – 12:15 pmRevisiting Day 1

12:15 – 2:00 pmThe Basics of TIF Underwriting & Deal Making

Underwriting and structuring are critical elements of any TIF transaction, with significant effects on the project’s chances of success or failure. Due to TIF’s role as a public financing source, the underwriting process can also become heavily intertwined with public decision-making about TIF projects. The panelists will provide an introduction to the three main components of TIF underwriting: market analysis, TIF revenue projections, and financial feasibility/”gap” analysis. They will also discuss core elements of a TIF deal, including term sheets, deal components, and development agreements.

2:00 – 2:15 pmBreak

2:15 – 3:30 pmUnderstanding TIF Bond Financing

This session will focus on one of the core methods by which TIF revenue streams are monetized to fund project costs: bonding. The panelists will discuss the process and mechanics associated with these bonds, and the various considerations that go into when and how to bond. The panelists will also discuss changing market dynamics for TIF bonds, and the key characteristics that make a TIF bond marketable.

3:30 – 3:45 pmBreak

3:45 – 5:00 pmCombining & Leveraging TIF with Other Tools

During this session, participants will learn how TIF can be paired with other complementary financing mechanisms to solve difficult gap financing challenges and improve project feasibility in today’s challenging development climate. Across the country, communities are reinforcing TIF districts with special assessments and combining TIF with tax credits, tax-exempt bonds, subordinate loan programs, and other federal tools such as HUD 108. During this session, participants will learn about these creative ways to use TIF and how they can facilitate successful financing of high-impact revitalization projects.

5:00 pmAdjourn
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Location

The Intro Tax Increment Finance WebCourse will take place on the web through GoToWebinar, an online distance learning software. The course will meet each day on May 10-11, 2017 from 12:00-5:00 pm (Eastern). You must have access to a computer and phone to attend the WebCourse.

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Registration

The Intro Tax Increment Finance WebCourse 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 April 14, 2017 for Early-Bird Rates.

Early-Bird RegistrationStandard Registration
Member$550.00$600.00
Non-Member$825.00$875.00

Register Today!
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