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

This course is taking place as part of CDFA's 2024 National Development Finance Summit. Learn more about the National Summit here.

This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Join us in Baltimore, and start down the road to personal and professional advancement today.

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Course Advisor

Angela Blatt Council of Development Finance Agencies Director As a Director in the Knowledge & Networks Division at the Council of Development Finance Agencies (CDFA), Angela focuses on the W.K. Kellogg Foundation-funded initiative “Defining the Food System Asset Class,” whereby CDFA explores opportunities for... the advancement of local and regional food systems using development finance tools. Through this initiative, Angela collaborates with communities across the country providing technical assistance and producing strategic plans for development finance strategies that meet infrastructure, agriculture, and small business needs to support equitable, local food economies. Angela leads CDFA’s Food Systems Finance Advisory Council, joining the food and finance industries, and administers CDFA’s Food Systems Finance Webinar Series, connecting food-related businesses and projects with development finance agencies. In 2021, she gained Development Finance Certified Professional (DFCP) certification through the CDFA Training Institute. A Navy Veteran, Angela holds two degrees from The Ohio State University: a Master of Public Administration with a focus on Food Policy from the John Glenn College of Public Affairs, and a Bachelor of Science from the College of Food, Agricultural, and Environmental Sciences. (More)

Advanced Tax Increment Finance Course Agenda

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Wednesday, November 13, 2024

Wednesday, November 13, 2024

Wed 8:30 AM - 9:00 AM	Breakfast & Registration
Wed 9:00 AM - 9:15 AM	Welcome & Overview Welcome participants, introduce CDFA, and set the stage for the course. Speaker(s) Angela Blatt, Director, Council of Development Finance Agencies
Wed 9:15 AM - 9:45 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. This session will look at common components of model TIF statutes from a variety of states. In addition, speakers will discuss issues related to the political process and recommended practices for formulating or revising a TIF statute. Speaker(s) Brendan Heil, Of Counsel, Bricker Graydon
Wed 9:45 AM - 10:30 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. Speakers will 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) Jason Tiemeier, Partner, Bricker Graydon
Wed 10:30 AM - 10:45 AM	Break
Wed 10:45 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) Caren Kay, Senior Vice President, SB Friedman Development Advisors
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 vs “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) Naina Magon, Principal, Hawes Hill & Associates, LLP Michael Pehur, Development Finance Consulting Director, Duane Morris Government Strategies Laura Radcliff, Managing Director, Stifel Nicolaus & Company, Inc.
Wed 1:30 PM - 2:30 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) Lindsay Banner Cigole, Director, ORIX Kristopher Wahlers, Partner, Ice Miller LLP
Wed 2:30 PM - 2:45 PM	Break
Wed 2:45 PM - 4:00 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) Sue Hounsel, Economic Development District Manager, City of Dallas Emily Metzler, Executive Vice President, COO, & CCO, MuniCap, Inc.
Wed 4:00 PM	Adjourn

The Advanced Tax Increment Finance Course will be held at Renaissance Baltimore Harborplace Hotel. The course will meet from 9:00 AM - 4:00 PM Eastern.