96%boston capital rick lazio jones walker 10:30–10:45 a.m. break 10:45 a.m.–noon current equity...
TRANSCRIPT
of attendees surveyed said they either strengthened existing business relationships or generated new business97%*
of attendees surveyed said the event met or exceeded their
learning objectives
93%*
* Survey results from the 2015 Novogradac Affordable Housing Tax Credit Conference
of attendees surveyed rated the conference better than other similar industry events.
96%*91%*
of attendees would
recommend this conference
to a colleague
Thank You to Our Co-Host and SponsorsCO-HOSTS
SPONSORS
ALDEN
PARTNERSCAPITAL
LIHTC 101: The BasicsWEDNESDAY, SEPT. 28, 9 A.M.-4 P.M. (SEPARATE REGISTRATION REQUIRED)
8–9 A.M. Registration and Breakfast
9–9:50 A.M.Intro and Housekeeping, Affordable Housing OverviewTenants, owners, investors, government, tax credits
9:50–10 A.M. Break
10–10:50 A.M.
How Tax Credits Are CalculatedTotal development costs, eligible basis, 30% basis boost, applicable fraction, qualified basis, tax credit percentages, 9% credit pool, annual credits, total credits
10:50–11 A.M. Break
11 A.M.–NOON
Typical Ownership Structure and Project TimelineDeveloper, syndicator, investor(s), upper-tier fund, lower-tier operating partnership, asset management, developer fees, credit pricing, equity, forming the partnership, lining up service providers, preparing forecast, applying for credits, state qualified allocation plans (QAPs), 10 percent test (9% deals)
NOON–1 P.M. Luncheon
1–1:50 P.M.
Project Timeline (Continued)Tax-exempt private activity bonds; typical bond transaction structure, 50 percent test (bond deals), finish construction, final cost certification, placed-in-service package, regulator agreement, Forms 8609, yearly audits and tax returns
1:50–2 P.M. Break
2–3 P.M.
Acq/Rehab Deals, Program Rules and Avoiding RecaptureConstruction method, financing method, tax credit percentages quirk, 30% basis boost quirk, minimum set-asides (20-at-50 and 40-at-60), multi-building election, income limits, rent limits
3–4 P.M.
Program Rules and Avoiding Recapture (Continued), Conclusion/Wrap-UpTax credit period vs. compliance period vs. extended-use period, state inspections, Form 8823, earned vs. accelerated credits
LIHTC 203: Acq/Rehab BasicsWEDNESDAY, SEPT. 28, 9 A.M.–3 P.M. (SEPARATE REGISTRATION REQUIRED)
Registration and Breakfast
Overview of Initially Qualifying Units for Claiming LIHTCs
Significant Dates for Tax Credit Percentages
Tack-Back Rule
AcquisitionLand/building cost allocation, 10-year hold rule, transfer of ownership issue
Qualifying Existing Tenants/UnitsIncome limits for acq/rehab deals, 120-day rule, signature dates vs. effective dates on tenant income certifications, over-income existing tenants (whether previously existing LIHTC development or not), income certification complications if acquisition is delayed, previously qualified vacant units, safe harbor rule, 120-day available-unit-rule-test
Rehabilitation (Maximizing Credits)Rehab timing, tenant transfers vs. move-outs, occupied rehabs vs. vacant rehabs, end-of-the-month issues, investor closing date (good vs. bad credits)
Record-Keeping-Tips
LIHTC 301: Advanced LIHTC FinancingWEDNESDAY, SEPT. 28, 9 A.M.-3 P.M. (SEPARATE REGISTRATION REQUIRED)
8–9 A.M. Registration and Breakfast
9–10:30 A.M.
Sources and Uses, Eligible Basis Issues, and Taxable IncomeOffsite improvements, land vs. land improvements, bond issuance costs, construction/perm loan fees, taxable income
10:30–10:45 A.M. Break
10:45 A.M.–NOON
First-Year Credit Calculation, Internal Rate of Return and 704(b) IssuesFirst-year credit calculation, maximizing first year credits, lease up for acq/rehab deals and basis cushion
NOON–1 P.M. Luncheon
1–1:50 P.M.Revenue and Expenses, Equity MarketEquity market, 9% floor
1:50–2 P.M. Break
2–3 P.M.Year 15 Options, Historic Boardwalk Hall CaseEarly exit, Year 15 exit, qualified contract, resyndication
Conference AgendaTHURSDAY, SEPT. 29, 2016
8–9 A.M. Registration and Breakfast
9–9:15 A.M. Welcome
GEORGE LITTLEJOHN Novogradac & Company LLP
REBECCA ARTHUR Novogradac & Company LLP
9:15–10:30 A.M. The Washington ReportHear about important tax reform proposals, including the new LIHTC expansion and improvement bill. Experts, who are working with advocates in Congress, provide their outlook on the LIHTC’s future.
MICHAEL NOVOGRADAC Novogradac & Company LLP
ORLANDO CABRERA Squire Patton Boggs
DAVID GASSON Boston Capital
RICK LAZIO Jones Walker
10:30–10:45 A.M. Break
10:45 A.M.–NOON Current Equity OutlookJoin this eye-opening session that promises to address the many important issues driving investor decisions, ranging from market forces and pricing and yields to strategies and goals.
JANA COHEN BARBE Dentons
MIKE BOYLE CREA LLC
JAY SEGEL R4 Capital
ANDREW TRIPP Nixon Peabody LLP
ARON WEISNER Enterprise Community Partners, Inc.
OMAR CHAUDHRY Alden Capital Partners
NOON–1:15 P.M. Luncheon
Conference AgendaTHURSDAY, SEPT. 29, 2016BREAKOUT I:1:30–2:30 P.M. Affordable Housing Debt Products —What's Old is New Again Join panelists as they explore inspiring affordable housing case studies based on new trends using old debt products to generate savings over traditional debt models, with and without the use of tax-exempt bonds.
PAUL CHARRON Novogradac & Company LLP
TIM LEONHARD JLL
TAMMY OFEK CapM Funding
MATHEW WAMBUA Richmac Funding
MARK WILLSON The Park Companies
2:30–2:45 P.M. Break
2:45–3:45 p.m. Year 15: Negotiating with your InvestorThis panel discussion will delve into how to start negotiations with your investor on purchasing their interest after or before Year 15. Panelists will address the answer to the following: How do you value that interest? What’s the investor looking for? How do you convince your investor it’s a great idea to just go away? What are the factors that influence that price?
REBECCA ARTHUR Novogradac & Company LLP
DEREK DEHAY ARA, A Newmark Company
TIM FLINT CBRE Affordable Housing
ALISA KENNEDY Dentons
THOMAS MORTON Pillsbury Winthrop Shaw Pittman LLP
JENNIFER MULLANEY Ohio Capital Corporation for Housing
3:45–4 P.M. Break
Conference AgendaTHURSDAY SEPT. 29, 2016
4–5 P.M. LIHTC PreservationThis panel will define what preservation is, what it isn’t and why it’s important. Panelists will expand on Year 15 considerations, strategies and execution challenges.
MOLLY O'DELL Novogradac & Company LLP
JON KILLOUGH Bellwether Enterprise Real Estate Capital
THOMAS MANGUM Wentwood Capital Advisors
JOHN NUNNERY PNC Bank
PAUL WEISSMAN Hunt Mortgage Group
BREAKOUT II:1:30–2:30 P.M. Current Topics in Fair HousingIs my housing "fair?" How do I meet the new HUD guidelines? Panelists will also discuss legal and policy considerations for a QAP’s approach to siting properties.
MARK SHELBURNE Novogradac & Company LLP
CARLIE BOOS Ohio Housing Finance Agency
JAN GOSLEE Housing Authority of Baltimore City
SCOTT MARKS Coats Rose
2:30–2:45 P.M. Break
2:45–3:45 P.M. Understanding Your Forecast: Rent and Operating Expense TrendsHear about regional and national rent and operating expense trends, and find out how those trends can help you understand factors that impact your property’s future NOI.
DAVID BOISTURE Novogradac & Company LLP
THOMAS STAGG Novogradac & Company LLP
LINDSEY SUTTON Novogradac & Company LLP
CHRISTOPHER CRUMP JLL
3:45–4 P.M. Break
Conference AgendaTHURSDAY, SEPT. 29, 20164–5 P.M. HUD Hot TopicsExperts discuss the biggest HUD topics of the year: the update to the MAP lending guide and the Section 8 renewal guide.
SUSAN WILSON Novogradac & Company LLP
ORLANDO CABRERA Squire Patton Boggs
RAY LANDRY Davis-Penn Mortgage Company
TONI JACKSON Jones Walker LLP
5–6:30 P.M. Reception at Metropolitan at the 9 Hotel
FRIDAY, SEPT. 30, 20168–9 A.M. Breakfast
9–10:15 A.M. Developer QAP RoundtableJoin the discussion with top developers on ways to continue making a positive impact in affordable housing. Topics will include: asset management, market-rate housing, choosing the right team for your deal, and more.
CHARLIE RHUDA Novogradac & Company LLP
BRAD CALLOWAY First NBC Bank
MARK EIDSON Prudential
GEORGE LITTLEJOHN Novogradac & Company LLP
MARK SHELBURNE Novogradac & Company LLP
MIKE SUGRUE Stoneleaf Companies
TANYA LAVELLE Texas Affiliation of Affordable Housing Providers
10:15–10:30 A.M. Break
10:30–11:45 A.M. Ask the Experts RoundtableContinue the conversation during this ask-the-experts roundtable, where discussions will center on the 45L credit for energy efficiency, senior housing, cost issues and more.
NICOLO PINOLI Novogradac & Company LLP
WAYNE NEVEU Foley & Judell LLP
RACHEL DENTON Novogradac & Company LLP
THOMAS STAGG Novogradac & Company LLP
Registration Cancellation PolicyAll cancellations must be made in writing and must be received no later than ten (10) days before an event. A $100 administrative fee will be deducted from all refunds. We regret that we cannot refund cancellations made within 10 days of the conference or to registrants who do not attend the conference. Confirmed registrants who fail to attend and do not cancel will be charged the entire registration fee.
AccreditationNovogradac & Company LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN 37219-2417. Website: www.nasba.org.
Questions? Contact the Events Desk: 415.356.7970 [email protected]
Register at novoco.com/nolalihtc2016Early Bird rate ends Aug. 31
CONFERENCE RATES
Early Bird After Early Bird On-Site Online Registration
Corporate $675 $775 $800REGISTER NOW
Nonprofit $575 $675 $700WORKSHOP RATES
With Conf. Reg. Workshop Only Online Registration
LIHTC 101 $325 $425 REGISTER NOW
LIHTC 203 $325 $425 REGISTER NOW
LIHTC 301 $325 $425 REGISTER NOW
Registration Information
Hotel InformationTo make a reservation please call 504.566.7006 and identify yourself as an attendee of the Novogradac Affordable Housing Tax Credit Conference to secure the discounted rate. A limited block of rooms will be held until Aug. 31, 2016. Reservations made after Aug. 31, 2016, will be accepted on a space-available basis only and cannot be guaranteed at the discount rate.
Westin New Orleans Canal Place100 Rue IbervilleNew Orleans, LA 70130Telephone: 504.566.7006Cutoff Date: Aug. 31, 2016Hotel Rate: $219/night, plus tax
SPECIAL ASSISTANCEOur conference facilities are in compliance with the Americans with Disabilities Act (ADA). Please contact Alex Bernard at 415.356.7627 or [email protected] if you require assistance.
HOTEL REGISTRATION
Sponsorship Information
SPONSORSHIP LEVELSSponsoring a Novogradac conference is a cost-effective and targeted method to reach the LIHTC community. Our sponsorships offer a prime opportunity to establish your company as a leader in the industry, while creating pre- and post-event exposure.
Increase the visibility of your companyJOIN THE PREMIERE EXHIBITION SPACE FOR LIHTC SERVICES AND PRODUCTS
MADE-TO-ORDER (M-T-O) PROMOTIONAL PRODUCTSPromote your brand among conference attendees with M-T-O products. Visit our sponsorship page for complete details. *Sponsorship subject to availability
Reception: $9,000Receive prominent recognition on signage and place your logo on cocktail napkins and/or coasters.
Wi-Fi: $8,500Help attendees connect by providing Wi-Fi access and printing.
Luncheon: $7,000Highlight your company at the networking luncheon with your logo on the tabletop tent card.
Hotel Keycard: $6,500Display your company logo on hotel keycards distributed to attendees.
Breakfast: $6,000Start attendees off on a productive note with your logo on paper cups, cup sleeves or napkins.
Conference Manual & App: $6,000Place your logo on the front cover of our conference manual, and an ad in our conference app.
Conference Notepad: $5,500
Put your logo on the conference notepad received by all attendees.
Charging Station: $5,500Energize our attendees by sponsoring the charging station.
Conference Co-Host $10,000
Sponsor $5,500-$9,000
Select Sponsor $5,500
Supporting Sponsor $3,500
Exhibitor Space $2,500
Sponsorships may include free or discounted registrations.
Contact Carol Hough at [email protected]
or 415.356.8040