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Pre-Conference Workshop: NMTC Compliance

June 10, 2009
Washington, D.C.
Park Hyatt Washington, D.C.
Wednesday: 9:00 a.m.-4:00 p.m.

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
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
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
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
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