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Intro Tax Increment Finance WebCourse
May 10 - 11, 2017
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 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

Course Objectives

  • 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

Topics Covered

  • 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


-Agenda

Wednesday May 10, 2017

Wed 12:00 PM - 12:30 PM
Welcome & 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.
Speaker(s)
  • Mark Barbash, Principal, MBEDCLLC
  • Cayla Matsumoto, Director, Education, Council of Development Finance Agencies
  • Wed 12:30 PM - 01:00 PM
    Setting the State: 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.
    Wed 01:00 PM - 02:30 PM
    TIF 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.
    Wed 02:30 PM - 02:45 PM
    Break
    Wed 02:45 PM - 04:00 PM
    TIF 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.
    Wed 04:00 PM - 05:00 PM
    The Most Overlooked TIF Element: Addressing Buy-in 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.
    Wed 05:00 PM
    Adjourn

    Thursday May 11, 2017

    Thu 12:00 PM - 12:15 PM
    Revisiting Day 1
    Speaker(s)
  • Mark Barbash, Principal, MBEDCLLC
  • Thu 12:15 PM - 02:00 PM
    The 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.
    Thu 02:00 PM - 02:15 PM
    Break
    Thu 02:15 PM - 03:30 PM
    Understanding 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.
    Thu 03:30 PM - 03:45 PM
    Break
    Thu 03:45 PM - 05:00 PM
    Combining & 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.
    Thu 05:00 PM
    Adjourn

    -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.

    -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 Rates
    (Ends April 14)
    CDFA Member: $550
    Non-Member: $825
    Standard Rates
    (After April 14)
    CDFA Member: $600
    Non-Member: $875


    Register