Expanding Tax Credit Horizons: Historic, New Markets, Low-Income Housing and Green Building Innovations April 22-24, 2008
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Agenda
Pre-Conference Workshop : Tuesday, April 22, 2008
| 5:00 p.m. – 6:30 p.m. | Networking Reception Co-Hosted By  |
Day One: Wednesday, April 23, 2008
| 8:00 a.m. – 9:00 a.m. | Registration and Networking Breakfast | ||
| 9:00 a.m. – 9:30 a.m. | Introduction by Yvette Ittu, Cleveland Development Advisors, Inc. Keynote Address, Adam Wasserman, President & CEO, Cleveland-Cayuhoga County Port Authority |
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| 9:30 a.m. – 10:00 a.m. | Welcome and Introductions | ||
| 10:00 a.m. – 10:50 a.m. | Washington Wire Attend this session to hear a timely discussion on the latest developments in Washington, including a proposal in the 2009 Bush Administration budget to extend the New Markets Tax Credit program, which may impact the tax credit industry. |
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| 11:00 a.m. – 11:50 a.m. | State of the States: Significant Tax Credit Activities in Michigan, Ohio, Pennsylvania, Missouri, and More Recognizing the success of the federal historic rehabilitation tax credit program, more than half of the states have adopted laws creating credits against state taxes to provide incentives for the rehabilitation of historic buildings. The programs vary, but many states provide tax credits for the rehabilitation of owner-occupied residences and non-income producing buildings, as well as additional tax credits for commercial and income-producing buildings. This session will look at the status of state credits in a number of states. |
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| 12:00 p.m. – 1:45 p.m. | Keynote Luncheon Sebastian Corradino, RBC Apollo Equity Partners |
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| 2:00 p.m. – 3:50 p.m. | Formula for Success: HTC + the NMTC + State Tax Credits — Two-hour Presentation Combining the federal rehabilitation tax credit with the new markets tax credit (NMTC) has resulted in many very successful rehabilitation projects, but is it worth the very real and very knotty challenges of the differing rules and restrictions, financing requirements, investment holding periods and other financial considerations? In addition, many states have learned that “twinning” the state tax credits with the federal rehabilitation tax credits and NMTCs can create an even greater incentive to rehabilitation, and make previously unfeasible projects successful investments. This two-hour session will not only examine the rules, requirements and restrictions but also explore a couple of very successful ventures that took the multi-tax credit path, with its inherent risks and ultimate rewards. |
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| 4:00 p.m. – 4:50 p.m. | Finding the Dollars: How to Tap Into the Equity Market for Your Historic and Housing Tax Credit Project. — Investor Issues Most syndicators are interested only in larger tax credit projects. This puts many projects in smaller communities and Main Street downtowns in a bind. Attend this session to learn how projects large and small can attract syndicators who will direct the various credits to an entity that has a sufficient tax liability, providing the developer with the needed infusion of equity. In addition, investment banking firms can provide direct equity investment for historic rehabilitation tax credit projects, investing tax credit equity in projects eligible for LIHTCs as well as for federal and state historic tax credits, providing much needed up-front cash. |
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| 5:30 p.m. – 7:00 p.m. | Networking Reception (Pickwick & Frolic) Sponsored By  |
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Day Two:Thursday, April 24, 2008
| 8:00 a.m. – 9:00 a.m. | Networking Breakfast | ||
| 9:00 a.m. – 9:30 a.m. | Keynote Speaker John Ferchill, The Ferchill Group |
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| 9:30 a.m. – 10:20 a.m. | Affordable Housing, Green Building and Sustainable Development Initiatives: Incentives, Lending Environment & Insurance Issues Preserving our communities for future generations requires commitment to environmentally sustainable building practices. From energy efficient heating and cooling systems to the use of solar power, green building techniques can add tremendous value to a property — environmentally friendly, health benefits for occupants and lower operating costs over the long run. But can developers afford the up-front investment? Hear a panel of experts discuss the latest trends in green building, available incentives and underwriting issues from the perspective of lenders and insurers of these buildings. |
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| 10:30 a.m. – 11:50 a.m. | Affordable Housing and Renewable Energy – Combining Section 42 with Section 48 Renewable Energy! The buzz is growing and the experts on our panel are not about to ignore it. Don’t miss this discussion on the economics of combining renewable energy tax credits (RETCs) with low-income housing tax credits (LIHTCs). Learn how developers are using RETCs to add solar installations to their multifamily apartment portfolios by combining RETCs and LIHTCs or via their own captive energy company. Learn how investors view RETCs, what they will pay for the combined credits and what issues arise in these transactions. |
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| 12:00 p.m. | Conference Concludes | ||