-Overview
The Intro Tax Credit Finance Course examines the variety of tax credit programs and their use in economic development efforts. This course discusses the practical application of tax credits for supporting new markets, low-income housing, historic preservation, and other local goals.
From urban redevelopment and historic preservation to housing and energy infrastructure, tax credit programs exist to help communities create jobs and energize economies - yet these innovative tools are underutilized. This course will reach beyond the facts and figures of each program to help attendees learn how to apply tax credits successfully to development opportunities.
This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Join us online and 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
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Topics Covered
- New Markets Tax Credit Program
- Historic Preservation Tax Incentive Program
- Low-Income Housing Tax Credit Program
- Innovative state tax credit programs
- Federal energy tax credit programs
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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
- Policymakers
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Course Advisor
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Fawn Zimmerman
Council of Development Finance Agencies
Managing Director, CDFA Advisory Services
Fawn Zimmerman is Managing Director of CDFA Advisory Services at the Council of Development Finance Agencies (CDFA). In her role, Fawn assists development finance agencies nationwide with strategic planning, finance program development, grant ... writing assistance, and development finance education and training. She also leads initiatives to enhance capital access for underserved communities. Fawn oversees programming aimed at increasing funding for underserved small businesses and developing culturally relevant programs to boost investment in underserved farmers and ranchers.
Fawn holds a Bachelor of Arts with honors in Communication from The Ohio State University and has pursued postgraduate studies at Ohio University. Her career is deeply intertwined with her philanthropic goals, and she is committed to leveraging her creative, academic, and professional experiences to drive positive changes in the development finance sector. (More)
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-Agenda
Day 1
| 12:00 PM - 12:15 PM |
Welcome & Overview
Welcome to the course! This session will introduce CDFA, explain how to use the online software, and discuss the framework for the two-day Intro Tax Credit Finance Course.
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| 12:15 PM - 1:45 PM |
Introduction to Tax Credits
During this introductory session, attendees will learn about the basics of tax credit finance. Various tax credit programs exist from urban redevelopment and historic preservation to housing and high tech infrastructure, to help communities create jobs and energize their economies and yet these innovative tools remain underutilized throughout the country.
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| 1:45 PM - 2:00 PM |
Break
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| 2:00 PM - 3:15 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.
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| 3:15 PM - 3:30 PM |
Break
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| 3:30 PM - 5:00 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.
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| 5:00 PM |
Adjourn
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Day 2
| 12:00 PM - 12:15 PM |
Overview of Day 1
The first day of the Intro Tax Credit Finance Course focused on the basics of tax credit financing. At the start of Day 2, we will review important terms and set the stage for the remaining sessions focused on the more technical aspects of tax credits.
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| 12:15 PM - 1:45 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 session will include experienced New Markets practitioners who will cover the basics of the NMTC program, how investors, developers, CDCs, and other project sponsors view NMTC, and regulator issues to keep your project in compliance.
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| 1:45 PM - 2:30 PM |
Federal Tax Credits for Energy Projects
Tax credit programs exist to help advance the development of clean energy and energy efficiency infrastructure. This session will provide an update on different federal tax credits available for driving investment and encouraging economic development in this sector.
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| 2:30 PM - 2:45 PM |
Break
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| 2:45 PM - 3:45 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.
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| 3:45 PM - 5:00 PM |
Tax Credits as a Source of Gap Finance
By design, Federal tax credit programs were 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 an overview for practitioners of the basics of financial gap analysis and how tax credits can fill this gap.
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| 5:00 PM |
Adjourn
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-Location
The Intro Tax Credit Finance Course will take place on Zoom. The course will meet each day from 12:00-5:00 PM Eastern. Attendees must have access to a computer and the internet to attend the course.
-Registration
This training course qualifies for the CDFA Training Institute's
Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
Scholarships are available to attend this event. Learn more about the
CDFA Scholarship Program,
and submit your application today.
Please note that the application deadline is two weeks prior to the course start date.
CDFA permits only one person to log in and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate the connection and access. CDFA offers group discounts for organizations that wish to register multiple people.
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CDFA Member: $550
Non-Member: $825
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CDFA Member: $600
Non-Member: $875
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