Pre-Conference Workshops

NMTC Basics

June 9, 2010
Wednesday: 9:00 a.m.- 4:00 p.m.

$395 workshop only;
$295 with conference registration

Agenda

8:00 a.m. – 9:00 a.m.
Registration & Networking Breakfast

9:00 a.m. – 9:30 a.m.
Panel/Material Introduction, including audience introductions

9:30 a.m. – 10:00 a.m.
Program & Background

10:00 a.m. – 10:45 a.m.
The Players and the Process

10:45 a.m. – 11:00 a.m.
Networking Break

11:00 a.m. – 11:45 a.m.
Introduction to CDEs

11:45 a.m. – 12:00 p.m.
Substantially All & QEIs

12:00 p.m. – 1:00 p.m.
Lunch Provided

1:00 p.m. – 1:30 p.m.
Substantially All & QEIs (continued)

1:30 p.m. – 2:15 p.m.
Qualified Low-Income Community Investments

2:15 p.m. – 2:30 p.m.
Networking Break

2:30 p.m. – 3:00 p.m.
Qualified Active Low-Income Community Businesses

3:00 p.m. – 3:15 p.m.
Low-Income Communities

3:15 p.m. – 3:30 p.m.
Introduction to Recapture

3:30 p.m. – 4:15 p.m.
Case Study: The Leveraged Transaction

 

NMTC Compliance

June 9, 2010
Wednesday: 9:00 a.m.- 4:00 p.m.

$395 workshop only;
$295 with conference registration

  • Registration & Continental Breakfast
  • Welcome and Introductions
  • Overview of Compliance Requirements
    • IRS vs. CDFI Fund requirements
    • Reporting deadlines
    • File documentation
  • Qualified Active Low-Income Community Businesses
    • The basic tests: income, property, & services
    • What is nonqualified financial property?
    • Documenting the active conduct test
    • Special considerations for real estate businesses
    • The reasonable expectation safe harbor
  • Substantially-All Test
    • Overview
    • Direct tracing vs. safe-harbor
    • What counts and what doesn't?
  • Cash Distributions
    • How to calculate the operating income safe harbor
    • Corporations: earnings & profits vs. operating income
    • Timing of distributions
  • Compliance with terms of the NMTC Allocation Agreement
    • Flexible loan terms
    • Related party test
    • Required deployment percentages
    • Areas of higher distress
  • CIIS and ATS reporting