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Advanced Tax Increment Finance Course
November 6, 2019
Tampa, FL

Alaska Industrial Development and Export AuthorityBaker 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

-Overview

Apply for a scholarship

CDFA's Advanced Tax Increment Finance Course builds upon CDFA's Intro TIF Course by focusing more concretely on structuring the deal and developing short- and long-term policies. You will also learn about performance monitoring, feasibility analysis and using TIF in conjunction with other development finance tools.

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

  • Gain a greater understanding of the complexity of TIF projects
  • Break down and evaluate complex TIF concepts and project pro-formas
  • Review common components of model state TIF statutes
  • Examine critical TIF public policy elements for ensuring maximum program success
  • Understand the typical challenges faced when managing and monitoring active TIF districts
  • Discuss your TIF projects with industry experts
  • Receive a copy of CDFA's Advanced Tax Increment Finance Reference Guide

Topics Covered

  • Model Policies, Guidelines & Procedures
  • Understanding Your TIF Statute
  • TIF Process From A to Z
  • Assessing Project Feasibility
  • Performance Monitoring
  • Managing Active TIF Districts
  • Maximizing TIF By Combining Tools

Who Should Attend?

  • Bond issuers
  • Economic development professionals
  • Community development professionals
  • Broker, dealers and underwriters
  • Elected officials
  • Government and nonprofit finance officers
  • Corporate trustees
  • Legal counsel
  • Underwriters
  • Commercial bankers
  • Accountants

Course Advisor

Tony Smith Tony Smith
CDFA TIF & Tax Credit 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

Advanced Tax Increment Finance Course Agenda

Wednesday, November 6, 2019

Wed 7:30 AM - 8:00 AM
Breakfast & Registration
Welcome participants, introduce CDFA and set the stage for the course.
Wed 8:00 AM - 8:30 AM
Welcome & Overview
Speaker(s)
  • Tony Smith, Executive Vice President, SB Friedman Development Advisors
Wed 8:30 AM - 9:00 AM
Understanding Your TIF Statute
Understanding your state’s TIF statute is essential to mastering the use of TIF as an economic development finance tool. We’ll look at common components of model TIF statutes from a variety of states. In addition, we’ll discuss issues related to the political process and recommended practices for formulating or revising a TIF statute.
Speaker(s)
  • Tony Smith, Executive Vice President, SB Friedman Development Advisors
Wed 9:00 AM - 10:15 AM
Model TIF Policies, Guidelines, and Procedures
Ideally, TIF policies should be proactive but flexible. This session will cover the process of establishing a sound TIF policy and typical elements of effective guidelines and procedures. We’ll discuss what should and shouldn’t be included in TIF guidelines, consequences of not following guidelines, and issues related to transparency, due diligence and accountability.
Speaker(s)
Wed 10:15 AM - 10:30 AM
Break
Wed 10:30 AM - 12:00 PM
TIF Feasibility Analysis and Underwriting
This session will cover three distinct but related elements of project feasibility and underwriting: a) Reviewing real estate market feasibility of a proposed TIF-funded project; b) Developing sound, conservative TIF revenue projections for use in sizing and structuring the transaction; and c) Assessment of the project “financing gap” to determine how much TIF is needed, and what deal structure is most appropriate. Speakers will discuss the technical issues of modeling TIF revenue and pro forma-based gap analysis.
Speaker(s)
Wed 12:00 PM - 1:30 PM
Lunch Session: TIF and the Project's "Capital Stack"
This session will focus on how TIF can fit into the overall financing structure of a project. Topics will include up-front versus “back ended” TIF funding arrangements, and the various methods of packaging TIF funding, including bonds, notes, and “pay as you go.” This session will wrap up with an overview of term sheets and development agreements—the key documents defining the TIF deal.
Speaker(s)
Wed 1:30 PM - 1:45 PM
Break
Wed 1:45 PM - 3:00 PM
TIF and Capital Markets
Bonds are one of the most important methods by which TIF funds are made available to fund public and private improvements. This session will focus on the major types of TIF bonds, outline key considerations in successful TIF bond issuance, discuss bond market dynamics, and describe how the feasibility of TIF bonds can be enhanced by other tools such as backup special assessments.
Speaker(s)
Wed 3:00 PM - 3:15 PM
Break
Wed 3:15 PM - 4:30 PM
Performance Monitoring & Managing Active TIF Districts
It is important to understand the typical challenges faced when managing and monitoring active TIF districts. This session will address what you should expect once a TIF deal has been completed and why it is critical to maintain communications with bond investors and the community.
Speaker(s)
Wed 4:30 PM
Adjourn

-Location


The Advanced Tax Increment Finance Course will be held at the Hilton Tampa Downtown, in the heart of the bustling downtown. The hotel is a short trolley ride from local attractions and moments from the city's best restaurants, shopping and entertainment.

Hilton Tampa Downtown
211 North Tampa Street
Tampa, FL 33602
Phone: 813-204-3000

Discounted Room Rate

CDFA has arranged a significantly reduced room rate of $189.00 (plus tax and service fees) per night for a standard room (single or double occupancy). Hotel rooms are available from November 4 to November 9 at the reduced rate if reservations are made before October 11. 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.

Reserve Hotel Rooms Online

-Registration

The Advanced Tax Increment Finance Course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
Early Bird Rates
CDFA Member: $400
Non-Member: $550
Standard Rates
CDFA Member: $450
Non-Member: $600


Register