Operating Business Financing with NMTCs (June 10, 2015)

Wednesday, June 10, 2015 - 1:00pm to 5:00pm

« Back to Novogradac 2015 New Markets Tax Credit Spring Conference

Cost: $225, with or without conference registration

Seasoned CDEs, investors and service professionals/practitioners will engage in this active workshop to help develop focused strategies and solutions for making NMTC investing in operating businesses effective and practical.


Noon-1 p.m.Registration
1-1:45 p.m.

Operating Businesses—Need for NMTC

  • What is an “Operating Business”?
  • Real Estate vs. Non-Real Estate QALICB
  • Capital needs of operating businesses:  financial products, size and term
  • NMTC as a financing tool
  • Sourcing strategies
1:45-2:20 p.m.

Qualification—Special Considerations for Operating Businesses

  • Challenges in qualifying operating businesses
  • Allocation agreement requirements
  • TD 9600
2:20-2:30 p.m.Break
2:30-3:15 p.m.

Fundraising—How to Raise Tax Credit Equity and Leverage Debt to Fund Operating Businesses

  • Attracting Tax Credit Equity and Leverage Debt
  • Allocating Risk – Lev. Lender, Investor, CDE and QALICB(s)
  • Revolving Loan Funds
3:15-4 p.m.

NMTC Life Cycle

  • Asset/Portfolio Management
  • Community Impact
  • Exit Strategies
4-4:10 p.m.Break
4:10-4:30 p.m.State Tax Credits
4:30-5 p.m.Q&A/Breakout Session