Detailed Agenda with Speaker Assignments

Welcome and Introductions

• Dan Smith, Novogradac & Company LLP (moderator)
• Rosalyn Ciulla, Key Community Devlopment Corporation
• Erik Rickard, Squire Sanders & Dempsey LLP
• Michael Taylor, National City Community Development Corporation

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 that may impact the tax credit industry.

• Michael Novogradac, Novogradac & Company (moderator)
• Alison Feigan, Rapoza Associates
• John Leith-Tetrault, National Trust Community Investment Corp.

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.

• John Sciarretti, Novogradac & Company LLP (moderator)
• David Schon, Nixon Peabody LLP
• David Scobee, National City Community Development Corporation
• George Barry, Foss & Company
• John Tess, Heritage Consulting Group

Keynote Luncheon

• Sebastian Corradino, RBC Apollo Equity Partners

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.

• Annette Stevenson, Novogradac & Company LLP (moderator)
• Jerry Breed, Powell Goldstein
• Scott Lindquist, Sonnenschein Nath & Rosenthal LLP (moderator)
• Mary Lovett, Ulmer & Burne
• Erik Rickard, Squire Sanders & Dempsey LLP
• Michael Taylor, National City Community Development Corporation

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, investing tax credit equity to projects eligible for LIHTCs as well as federal and state historic tax credits, providing much needed up-front cash.

• Renee Beaver, Novogradac & Company LLP (moderator)
• George Barry, Foss & Company
• Rosalyn Ciulla, Key Community Devleopment Corporation
• Holly Heer, Squire Sanders & Dempsey
• Michael Riechmann, RBC Capital Markets

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.

• Tom Boccia, Novogradac & Company LLP
• Brad Weinberg, Novogradac & Company LLP
• Lillian Kuri, Cleveland Foundation
• James Poznik, Key Community Development Corporation
• Jonathan Welty, Ohio Capital Corporation for Housing

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.

• Dan Smith, Novogradac & Company LLP (moderator)
• Jana Cohen Barbe, Sonnenschein Nath & Rosenthal LLP
• Albert Luu, RBC Apollo Equity Partners