Rules, Regulations and Awards
In response to letters from members of the industry, including the NMTC Working Group, the Department of Treasury undertook efforts to address lingering NMTC Program questions. Panelists at this session will discuss the new Treasury guidance - the issues it clarifies, the questions that still remain and what it means for NMTC projects. Hear too from the CDFI Fund. Get a recap of the recently allocated awards and catch up on other Fund related news.

The Novogradac Community Development Foundation 2008 QLICI Awards Luncheon

Monitoring Investments, Protecting Assets
Safeguarding an asset is of the highest priority for investors. Attend this session and learn from the experts how to monitor your investment and its economic health. From obtaining copies of financial statements and compliance to tracking the performance level of project financing, there are a number of things investors and lenders should be doing to ensure their investment is safe.

Compliance Matters - Checking the List
As every investor well knows, compliance is a key component to safeguarding an NMTC investment and should not be taken lightly. Learn procedures to ensure the maintenance of CDEs and QALICBs certifications, and that the substantially all tests are being performed and achieved; discuss documentation and recommended practices and hear where the operating income test fits in.

Back to the Basics: GAAP
While GAAP (generally accepting accounting principles) topics are considered by many to be strictly for accountants, an awareness of the crucial issues can give investors a clearer understanding of accounting for their investment and its impact on their bottom line. Learn about impairment analysis, the timing of credit recognition, the consolidation rules of FIN 46 and accounting for income tax uncertainties under FIN 48, and hear how to account for uncertainty in taxes.

Uncovering Funds
The maxim "it's not what you know, but who you know" holds true in many cases; however in an NMTC investment situation both are vital components. Assuming you have the former taken care of, sit in on this session for a discussion on the latter. With this year's allocation awards completed, there is no better time to learn how to identify CDEs that have NMTC allocations, the types of projects that interest them, the best way to sell them your project and what they will expect from you in return.

The Leveraged Transaction and Today's Credit Market
The leveraged transaction has long been the structure of choice; however, today's credit market looks nothing like that of yesteryear. You won't want to miss experienced lenders discuss how the current market is affecting leveraged transactions and how veteran investors are handling the changes. Listen as seasoned leverage lenders weigh in on their experience with this type of deal structure - why they chose the leveraged route, the factors they considered and whether the risks were worth the rewards.

Negotiating Terms - Finding Common Ground
Negotiation always implies some give and take and underwriting criteria and negotiations on equity and debt terms always require an understanding of each party's needs. Knowing which issues are important and why they should play a prominent role in negotiations will be discussed at this session. Join investors and lenders who have several negotiations under their belts as they share their stories and discuss what they consider to be the critical aspects of a deal, including forbearance, pricing and managing interest rates.

Networking Breakfast

Investing in Diversity
Biotech facilities, business incubators, manufacturing and distribution facilities, theaters, community centers, charter schools, and health-care and day-care are making their mark on many struggling communities. Hear how the diversity of QALICBs and the multitude of projects financed through the program have helped communities thrive. Listen to investors discuss the idiosyncrasies of their project and how they needed to be sensitive to the issues that varied by location, project type and community needs. Discover how NMTC investments don't always translate to commercial retail or offices space.

Financing Your Project: Bridging the Gap
You've proposed, planned, and prepared but have a gap in your project's financing. How can NMTCs be used to bridge that gap? Attend this session and you might just leave with the answers you need, clearing the way for a brighter financial future for your project.

Setting an Example: A Case Study
In the last 36 hours you've listened to, taken notes on, and discussed the many complex pieces of an NMTC transaction, now you're invited to complete the puzzle. How better than by sharing in a case study of a single successful transaction that points out the highlights, illuminates the pitfalls and how to avoid them, explains the whys and the hows of decisions made, explores influencing forces, and provides an analysis of how the transaction was brought to a profitable close.