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Tax Credit Housing Finance Conference

November 29-30, 2007
Four Seasons Hotel, Las Vegas, Nev.

Thursday: 9:00 a.m.-5:00 p.m. • Friday: 9:00 a.m.-12:00 p.m.

 

Conference Registration  
November 29-30, 2007
 Tax Credit Housing Finance Conference

 
Related Workshops  
November 28, 2007
Pre-Conference Workshop: Tax Credit Basics (optional)

  
November 28, 2007 LIHTC Bond Financing: A Course for the Experienced Professional (optional)  
November 29-30, 2007 Tax Credit Property Compliance Workshop (separate registration required)  

Agenda

Wednesday, November 28, 2007

Pre-Conference Workshops (Optional – Separate Registration Required)

9:00 a.m. – 4:00 p.m. Tax Credit Basics
   
10:00 a.m. – 4:00 p.m. LIHTC Financing: A Course for the Experienced Professional
The LIHTC financing course for the advanced profession is a review in detail of a number of technical issues related to developing affordable housing and a discussion of planning ideas for structuring a project to maximize financing and credits for the project. Topics covered include methods of capitalizing interest, proper structuring of developer fee agreements, key elements in partnership agreements, tax treatment of financing costs, allocation of soft costs between asset classes to maximize depreciation, and other key issues. The class is intended to be interactive, with time for questions and in-depth discussions throughout the day.

Thursday, November 29, 2007

Day One
8:00 a.m. – 9:00 a.m. Registration and Networking Breakfast
   
GENERAL SESSIONS
9:00 a.m. – 9:50 a.m. Welcome and Attendee Introductions
10:00 a.m. – 10:50 a.m. Washington Wire
11:00 a.m. – 11:50 a.m. The State of the Equity Market
We’re closing in on the end of the year and all eyes and ears are tuned to the equity market as the price for LIHTCs leveled off mid-year and yields started to climb. The question on many industry professionals’ minds as we face 2008 is how will the new methodology for determining AMGI affect the market? Will it influence the way deals are underwritten? And what impact, if any, will the housing sector credit crunch have on the LIHTC industry? Find out how investors and developers are looking at and preparing for these and other issues as they analyze today’s market and reflect on what tomorrow’s may look like.
12:00 p.m. – 1:50 p.m. Keynote Luncheon Speaker
Kenneth J. LoBene, Director, Las Vegas Field Office, U.S. Department of Housing and Urban Development

CONCURRENT SESSION 1
2:00 p.m. – 2:50 p.m. Running the Numbers: Finishing First
The numbers on an LIHTC project say it all, determining if it has the ingredients to make it a winner. Don’t miss this presentation by experienced professionals who will guide you through the analytical exercises necessary for any deal to be successful. The experts on this panel will lead you from the complicated eligible basis rules through to the critical timing of sources and uses, and ultimately to a greater awareness of how the various elements of a profitable deal come together.
3:00 p.m. – 3:50 p.m. Credit Enhancement: Tools to Help You Succeed
If you’re looking for a cost-effective and market-efficient way to raise debt capital and provide liquidity for your project, look no further than this panel. Industry veterans will address how the current subprime mortgage market is affecting the credit enhancement market and discuss the many options you have, from mortgage and bond insurance to bank letters of credit and insurance company guarantees as vehicles that will enhance your ability to access capital on consistent and favorable terms, and how these credit support vehicles can lower overall borrowing costs.
   
CONCURRENT SESSION 2
2:00 p.m. – 2:50 p.m. Reining in Costs: Developers Speak
The ability to produce affordable housing rests heavily on the ability to manage the many seen and unforeseen challenges. With unexpected costs, sky rocketing interest rates, insurance costs, deferred developer fees and loans, controlling a budget that threatens to get out of hand and keeping cost overruns at bay can prove to be difficult. Listen as developers and financial experts share their stories and learn how to contain costs and prepare for the unexpected. Hear what your financial decisions are conveying to your lender and see how pinching pennies can lead you straight to the bank.
3:00 p.m. – 3:50 p.m. Cost Segregation Studies: Tax Saving Strategies
Cost segregation allows for certain components of a project to be depreciated over a short period of time and provide significant tax saving opportunities. You'll not want to miss this presentation by experts who will discuss cost segregation studies, touching on how they are performed and who can perform them, as well as provide an overview of the types of assets and asset lives and depreciation methods for each and how a study is used in an IRS audit.
GENERAL SESSION
4:00 p.m. – 4:50 p.m. Now What? Planning for Year 15
To prepare for a graceful exit, many questions and answers need to be addressed long before the anticipated Year 15 arrives. Sit-in on this session as panelists discuss exit strategies, including rollovers, qualified contract sales, new funding sources, conversion to home ownership and re-negotiating and/or continuing an existing partnership, among others. Listen as panelists consider factors such as portfolio assessment, options and rights of first refusal, estimated exit tax liabilities, outstanding debt and general partner accrued fees.
NETWORKING
5:00 p.m. – 6:30 p.m. Networking Reception
6:30 p.m. Day One Concludes

 

Friday, November 30, 2007

Day Two
8:00 a.m. – 9:00 a.m. Registration and Networking Breakfast
   
GENERAL SESSIONS
9:00 a.m. – 9:50 a.m. The State of the Bond Market
While all states continued to attract investors for their bond issuances, some housing finance agencies in late summer began to feel the heat from the subprime mortgage crisis. This session’s panelists will look at what 2008 promises for the LIHTC bond market, where the efforts to relax Fannie Mae and Freddie Mac mortgage portfolio caps have led and whether mortgage and residential bond issuances will meet with difficulty in the days, weeks and months to come.
10:00 a.m. – 10:50 a.m. Combining LIHTC Equity and HUD Subsidies: Options for Layered Financing
Many projects are being financed by layering LIHTC equity with HUD sources, including HUD-insured mortgages, operating subsidies and rental assistance. Join us to learn what developers and investors need to know when planning to include HUD assistance in development and operating budgets. Hear first-hand stories about successful transactions, as well as techniques to avoid common pitfalls and development delays when working with HUD, including 2530 issues, current Section 8 funding issues and opportunities in mark-to-market projects.
11:00 a.m. – 11:50 a.m. Fastidious Footwork: Steps to a Successful Deal
Walk with us as we explore step-by-step the road to successfully financing an especially challenging mixed-use project. This in-depth case study will explore an existing LIHTC project from start to finish. Listen to those involved and learn how developers identified potential lenders, targeted investors and quick-stepped around obstacles. See how the optimal team was and is built, and where the dollars were found and spent as we scrutinize this deal every step of the way.
12:00 p.m. Conference Concludes