Novogradac Private Activity Bond and 4% Low-Income Housing Tax Credit Basics Webinar
Wednesday, February 20, 2013
Wayne Michael, CPA
This course presents a basic overview of how development teams can use private activity bonds and 4% low-income housing tax credits (LIHTCs) to finance affordable multifamily rental housing properties.
This course is designed for those who have a basic understanding of affordable housing and low-income housing tax credits (LIHTCs) as well as for those who’ve worked in the industry for a few years and are looking for a refresher or who've worked with 9% LIHTC deals but not 4% LIHTC/bond deals.
Continuing Professional Education
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits for this course are based on a 50-minute hour group-internet based instructional method.
Note: Although multiple paid registrants within an organization may choose to watch the webinar on one screen, only those registrants who login individually and respond to polling questions will be eligible to receive CPE credit.
Note also that although recordings of most webinars are available for purchase, unless specifically stated, CPE is NOT available for webinar recordings.
About the Instructors
Wayne Michael is the director of education and business development for Novogradac & Company LLP, specializing in simplifying complex industries and programs for audiences of varying levels of experience. Mr. Michael has created, edited, or delivered hundreds of presentations for conferences, workshops, webinars and on-site training sessions relating to federal tax credit programs and other accounting concepts. Mr. Michael also hosts Novogradac’s YouTube channel, whose videos have been viewed more than 80,000 times by tax credit professionals, and he is a principal contributor to the “Introduction to Low-Income Housing Tax Credits” booklet that is published by Novogradac. Mr. Michael obtained his degree in accounting from Brigham Young University. He is licensed as a certified public accountant in California and is a designee of the Novogradac Property Compliance Certification.
Matthew Bissonette is a director with Citi Community Capital (CCC) in New York. His background in affordable housing includes involvement in more than 250 multifamily housing bond financings throughout the country, totaling more than $2.5 billion. He has worked on virtually every major type of multifamily housing bond financing, including various conduit financing structures, FHA/GNMA, Fannie Mae, Freddie Mac and other credit-enhanced deals as well as numerous financings involving derivative structures. Mr. Bissonette is a frequent speaker on affordable housing finance. Prior to joining CCC, he was a director with RBC Capital Markets, working as an investment banker in the area of affordable housing bond finance. Before joining RBC Capital Markets in 2007, he was a partner with Eichner & Norris PLLC, a Washington, D.C.-based law firm specializing in affordable housing bond finance. Mr. Bissonette entered private practice after serving as assistant counsel at the Office of Advocacy, U.S. Small Business Administration, where he focused on federal and state securities law issues. He also has several years of legislative experience, having worked as assistant counsel for the U.S. House of Representatives Committee on Small Business, and as legislative assistant for a member of Congress. Mr. Bissonette graduated from the University of Virginia where he received a bachelor’s degree in economics. He received his juris doctor from the College of William and Mary School of Law, where he was a member of the Moot Court Board, Chief Justice of the Judicial Council and awarded the Marshall-Wythe Gambrell Professionalism Award. He is admitted to practice law in the District of Columbia, Virginia and Colorado.
Justin Cooper is chair of Orrick’s nationally prominent housing finance group. He has an active multifamily housing revenue bond practice in California and elsewhere in the western United States, serving as bond counsel, underwriter’s counsel and lender’s counsel. He acts as lead multifamily bond counsel for a number of California local agencies and for the California Housing Finance Agency. Justin also has significant experience representing lenders in workouts on defaulted multifamily housing bonds and loans, including overseeing foreclosures, and has represented banks and issuers in multifamily financings involving total return swaps, secured puts and other derivative-based products. In addition to his housing practice, Justin regularly serves as bond, underwriter's or bank counsel in connection with enterprise revenue bonds, lease revenue bonds, transportation financings and working capital financings. He is also author of "Multifamily Rental Housing: Financing with Tax-Exempt Bonds." Justin received a bachelor's degree (summa cum laude) from Dartmouth College in 1996 and graduated cum laude from Harvard Law School in 2001. His Twitter feed is @ohsjustincooper.
Novogradac & Company LLP webinars are broadcast through WebEx. A broadband internet connection is required. For minimum system requirements, click here or go to https://support.webex.com/MyAccountWeb/systemRequirement.do?root=Tools&parent=System.
Policy for Payment of Webinars by Check:
Registrants who select the payment-by-check method whose payment has not been received before 22 hours prior to the broadcast will receive an e-mail notice that we cannot send their login information because check payment has not been received. Registrants whose payments arrive subsequent to the live broadcast will be registered to view a recording of the broadcast, which does not provide CPE credit nor live interaction with the instructors.
Webinar Cancellations & Refunds
If you are unable to attend a webinar and would like a refund on your registration fees, you must submit a cancellation in writing at least 3 days prior to the event. Please submit cancellations to firstname.lastname@example.org. Please note that a 15% cancellation fee will be assessed. We regret that we cannot issue a refund to those who cancel after the log-in information has been distributed.
In the event of a major technological problem that prevents or interrupts our transmission of the webinar broadcast, such as a power outage at our broadcast site, we will either re-broadcast the webinar or issue registrants an event credit. Credits may be applied toward any Novogradac & Company LLP event and are valid for one year from the credit’s date of issuance.
Terms and Conditions
Except as explicitly stated in the program materials (if applicable), the webinar will not qualify attendees for any type of continuing education credit or certification issued by any organization.
As a condition of viewing the webinar, you must agree to the following terms and conditions (the “Terms”). If you do not agree to the Terms, do not purchase this webinar.
Novogradac & Company LLP webinars are presented as general learning opportunities and are not a substitute for professional advice. You agree not to make business or financial decisions based solely on the webinar materials and you agree that we are not responsible for business or tax decisions made by webinar attendees based on the information provided by the instructors during the webinar. Each tax credit property has specific issues and circumstances associated with that property. Webinar attendees are strongly encouraged to consult their legal and/or tax advisors for advice specific to the attendee’s specific circumstances.
* NOTE: Registration for Novogradac webinars is on a per-viewer basis. If you have multiple viewers in the same organization, each viewer must be a paid registrant.
The recording of the webinar has expired and is no longer available for viewing.