NMTC 201: Compliance
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June 6, 2012
Wednesday: 9:00 a.m.- 4:00 p.m. |
Pre-Conference Workshop Registration Rates
$395 workshop only
$295 with conference registration
Hotel Information
Omni Shoreham Hotel
2500 Calvert Street
Washington, D.C. 20008
Discounted hotel rate: $269.00/night
Hotel cut-off date: May 14, 2012
Agenda
8:00 a.m.
Registration & Continental Breakfast
9:00 a.m. - 9:15 a.m.
Welcome and Introductions
9:15 a.m. - 9:50 a.m.
Overview of Compliance Requirements
- IRS vs. CDFI Fund requirements
- Reporting deadlines
- File documentation
9:50 a.m. – 10:00 a.m.
Networking Break
10:00 a.m. - 10:50 a.m.
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
10:50 a.m. – 11:00 a.m.
Networking Break
11:00 a.m. - 11:50 a.m.
Substantially-All Test
- Overview
- Direct tracing vs. safe-harbor
- What counts and what doesn't
12:00 p.m. - 1:00 p.m.
Lunch
1:00 p.m. - 1:50 p.m.
Cash Distributions
- How to calculate the operating income safe harbor
- Corporations: earnings & profits vs. operating income
- Timing of distributions
1:50 p.m. – 2:00 p.m.
Networking Break
2:00 p.m. - 2:50 p.m.
Compliance with terms of the NMTC Allocation Agreement
- Flexible loan terms
- Related party test
- Required deployment percentages
- Areas of higher distress
2:50 p.m. – 3:00 p.m.
Networking Break
3:00 p.m. - 3:45 p.m.
CIIS and ATS reporting
3:45 p.m. - 4:00 p.m.
Q&A
4:00 p.m.
Workshop Concludes
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