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Intro Tax Increment Finance WebCourse
March 24-25, 2021
Daily: 12:00-5:00 PM Eastern

-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

Katie Kramer Katie Kramer
Council of Development Finance Agencies
Vice President
Katie Kramer is a Vice President at the Council of Development Finance Agencies and has been with CDFA since 2005. She is an accomplished non-profit executive with expertise in fundraising, grant writing, operations, and building organizational... (More)

-Agenda

Wednesday, March 24, 2021

Wed 12:00 PM - 12:15 PM
Welcome & Overview
Welcome! During this time we will introduce CDFA, explain how to use the online software, and set the stage for the two-day course.
Wed 12:15 PM - 1:00 PM
Setting 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.
Wed 1:00 PM - 2:30 PM
TIF Legal & Procedural Nuts & Bolts
Creating a TIF district, for either a large long-term redevelopment or for an individual site/project, requires a detailed understanding of the legal, technical, policy, and strategic issues related to TIF in each state. This session will look at the legal and procedural nuts and bolts of creating a TIF, the main types of development activities that TIF can fund, and district vs. site-specific considerations. Speakers 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 2:30 PM - 2:45 PM
Break
Wed 2:45 PM - 4:00 PM
TIF Financing Variations
TIF is a very flexible tool and offers multiple variations of the specific revenue sources it can generate and the different ways these revenues are used to support project financings. Speakers 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, during or after construction will 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 cover how to establish special assessment districts for additional financing.
Wed 4:00 PM - 5:00 PM
The Most Overlooked TIF Element: Addressing Buy-in Public Policy
TIF is designed to be a tool that facilitates both physical and economic improvements that combat blight and disinvestment and support community revitalization. TIF is a taxpayer funded tool and that impacts the local development landscape, TIF requires community input and political support, both of which are critical to a TIF program’s success and all-too-often overlooked. This session explains how cities should engage and incorporate input from citizens, business owners, school districts, and neighboring or overlapping jurisdictions as they design and administer TIF programs.
Wed 5:00 PM
Adjourn

Thursday, March 25, 2021

Thu 12:00 PM - 12:15 PM
Revisiting Day 1
Thu 12:15 PM - 2:00 PM
The Basics of TIF Underwriting & Deal Making
Underwriting and structuring are critical elements of TIF transactions and may have significant effects on the project’s chances of success. Due to TIF’s role as a public financing source, the underwriting process can become heavily intertwined with public decision-making about TIF projects. The speakers 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 2:00 PM - 2:15 PM
Break
Thu 2:15 PM - 3:30 PM
Understanding TIF Bond Financing
TIF bonds are on one of the core methods by which TIF revenue streams are monetized to fund project costs. This session will cover the process and mechanics associated with these type of bonds and the various considerations around how and when to bond. Speakers will discuss changing market dynamics for TIF bonds and the key characteristics that make a TIF bond marketable.
Thu 3:30 PM - 3:45 PM
Break
Thu 3:45 PM - 5:00 PM
Combining & Leveraging TIF with Other Tools
During this session, attendees will learn how TIF may be paired with other complementary financing mechanisms to solve difficult gap financing challenges and improve project feasibility. 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. Speakers will discuss the creative ways to use TIF and how to facilitate successful financing of high-impact revitalization projects.
Thu 5:00 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 March 24-25, 2021 from 12:00-5:00 PM Eastern. You must have access to a computer and phone to attend the WebCourse

-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.

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 the connection and access to GoToWebinar. CDFA offers group discounts for organizations that wish to register multiple people.

Register before March 3, 2021 for Early-Bird Rates.
Early Bird Rates
(Ends March 5)
CDFA Member: $550
Non-Member: $825
Standard Rates
(After March 5)
CDFA Member: $600
Non-Member: $875


Register