Moderator
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Wayne Michael
Director of education
and marketing operations
Novogradac & Company LLP |
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Pre-Conference Workshop Sponsor
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Panelists
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Matthew Bissonette
Director
Citi Community Capital |
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Gary Downs
Partner
Nixon Peabody |
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Nicolo Pinoli
Principal
Novogradac & Company LLP |
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Sue Wilson
Vice President and chief technical officer
Enterprise Community Investment Inc.
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Registration Rate
$225 workshop only;
$195 with conference registration
Workshop Description
This workshop goes beyond the LIHTC 101 class by looking more in-depth on some of the topics addressed in the 101 course and by addressing new ones.
Target Audience
This workshop is for anyone who has already attended a LIHTC basics course and would like to learn more about the LIHTC. It is also for those who have been working in the LIHTC industry for a few years who feel they have a firm grasp on the basics.
Outline/Agenda
- Typical ownership structure
- For-profit and non-profit general partners
- Special limited partners
- Share of residual annual cash flows
- Share of sale and refinance proceeds
- Project lifecycle
- Risks (and who bears them)
- Guarantees
- Tax credit equity installment schedule and investor yield
- Cash flow waterfall
- Construction period issues
- Capitalization of interest and other soft costs to eligible basis
- “Land” vs. “Land Improvements” and eligible basis
- Sources of funds
- Permanent and construction lending
- Tax-exempt bonds, including the 95-5 test
- Tax credit equity, including CRA considerations
- Deferred developer fees
- Initial lease up and maximizing first-year tax credits
- Acq/Rehab project issues
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