LIHTC 301: Running the Numbers

Wednesday, May 16, 2018 - 9:00am to 3:30pm

« Back to Novogradac's 25th Annual Affordable Housing Conference


Cost with conference registration: $450
Workshop only: $550

Instructors

Alvin Lee, CPA
Principal
Novogradac & Company LLP
Warren Sebra, CPA
Partner
Novogradac & Company LLP
Miao Xue, CPA
Principal
Novogradac & Company LLP
 

Agenda

*Agenda from 2017 Conference, new agenda forthcoming.

8-9 a.m. Registration and Breakfast
9-9:15 a.m. Welcome and Introduction
9:15-10:30 a.m. Introduction to financial modeling and fundamentals to building a financial forecast
  • Key construction assumptions
  • Key operation assumptions
  • Key funding assumptions
  • Key partnership assumptions
  • Eligible basis and tax credit concepts
10:30-10:45 a.m. Break
10:45 a.m.-Noon The body of the financial forecast
  • Sources and uses
  • Net operating income
  • Taxable losses
  • Loan amortization 
  • Tax depreciation
  • Tax balance sheet
  • Tax benefit schedule
  • 704(b) and 704(d) analysis
Noon-1 p.m. Luncheon
1-2:15 p.m. Interpreting and using financial forecast data
  • Identify potential risks and rewards
  • Sensitivity analysis
  • Range analysis
  • Closing the financing gap
  • Maximizing first year credits
  • Year 15 exit
2:15-2:30 p.m. Break
2:30-3:30 p.m. Hot Topics
  • Changes in tax rates
  • Cap on business interest expenses
  • Bonus depreciation
  • Real property depreciation revisions
  • Base erosion anti-abuse tax
  • Pass-through income deductions
  • Net operating losses
  • New 60% average AMI