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Agenda - Novogradac 2015 New Markets Tax Credit Conference

Wednesday, Oct. 21

8-9 a.m.
Registration and Breakfast

9-9:30 a.m.
Welcome and CDFI Fund Q&A
Join Bob Ibanez, CDFI Fund NMTC program manager, and Brad Elphick, conference chairman and partner at Novogradac & Company LLP, for a discussion on the latest updates from the CDFI Fund.
(+) Speakers

9:30-10:30 a.m.
What's Next for the NMTC Program
Join Michael Novogradac and other community development veterans for a discussion on current developments in Washington, D.C., key NMTC legislators in the 114th Congress and the status of the Senate Finance Committee tax extenders bill.
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10:30-10:45 a.m.
Break

 

10:45 a.m.-Noon
Marketplace Trends to Watch For in 2016
As the NMTC program matures and demand remains strong, experienced participants continue to build their community investment track records. Hear the latest NMTC trends in the marketplace from experienced NMTC groups. Panelists will address credit pricing, availability of debt for NMTC investments, multiple-CDE transactions and state tax credits.
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Noon-1:30 p.m.
Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards Luncheon

Concurrent Session 1

1:45-2:45 p.m.
QALICB Boot Camp

Find out what a QALICB needs to know going into a transaction. QALICBs and their consultants will offer their perspective on how to assemble the appropriate players, mechanics of the transaction, common missteps and how to maximize NMTC investment value.
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2:45-3 pm
Break

3-3:50 p.m.
NMTC Compliance Requirements and Common Issues

Bring general compliance questions for our professionals and listen in as they uncover the most common issues, including proper allocation tracking, monitoring the allocation agreement, and reporting and financial statements.
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3:50-4 p.m.
Break

4-5 p.m.
Determining When a Project Needs NMTCs and How Much

Sponsored by the NMTC Working Group
This panel will cover recommended practices to determine the amount of allocation to provide a QALICB. The group will walk through important aspects that should be included in a CDE’s financial feasibility analysis to determine the amount and terms of NMTC subsidy, if any, that a QALICB needs to achieve its projected outcomes.
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Concurrent Session 2

1:45-2:45 p.m.
Exiting the Deal Part 1: Tips for a Successful Unwind

When a QALICB and CDE unwind their NMTC transaction, the process is always time-consuming and complicated. Join this interactive session where audience members and panelists share their experiences on ways they’ve navigated the unwind process. Bring a successful unwind story worth sharing that involved jumpstarting the process, a clear exit strategy and secured financing. If you haven’t reached the unwind, let our experts be your guide.
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2:45-3 p.m.
Break

3-3:50 p.m.
Exiting the Deal Part 2: Investor Exit Tax Considerations

All parties should be aware of tax consequences that can arise as they exit a transaction. Join an in-depth discussion on how to reflect the intentions of the transaction and what each party was expecting from their role in the investment.
(+) Speakers

3:50-4 p.m.
Break

4-5 p.m.
Working Out of Troubled NMTC Transactions

Hear experts discuss ways to avoid trouble in paradise. Learn what triggers recapture, existing investor safeguards, what to do when a loan is in default and yield considerations beyond tax credits.
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Thursday, Oct. 22

8-9 a.m.
Breakfast

9-9:50 a.m.
NMTCs with Historic Tax Credits

Given the fact that a large number of HTC-related projects are in NMTC-eligible low-income census tracts, it’s no surprise that combining the HTC and NMTC has led to a number of successful redevelopments. Our expert panelists highlight the effective use of these two tax credits, including available structures, interplay of different tax credit periods and other common issues.
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9:50-10 a.m.
Break

10-11 a.m.
Challenges of Using NMTCs for Operating Business Investments

As operating businesses continue to outpace real estate as likely beneficiaries of NMTC financing, hear from the experts regarding the specific challenges of these types of projects. Learn how others are making investments in operating businesses, the different ways NMTCs are used to help operating businesses thrive in low-income communities and how the outcomes that operating businesses experience are different.
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11-11:50 a.m.
Valuting Operating Businesses

Our experts will address valuing operating businesses in the context of the NMTC landscape and how they compare and contrast to real estate valuation. Topics include the various stages of a company and their effect on value. The panel will also discuss the purpose and limitations of an appraisal and the various types of appraisals used in the NMTC industry for operating businesses.
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