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PARTNERSCAPITAL

LIHTC 101: The Basics(SEPARATE REGISTRATION REQUIRED)

Wed., Oct. 4, 9 a.m.–4 p.m.8-9 A.M. Registration and Breakfast9-9:50 A.M. Intro and Housekeeping, Affordable Housing Overview9:50-10 A.M. Break10-10:50 A.M. How Tax Credits are Calculated (including

9 percent vs. 4 percent credits)10:50-11 A.M. Break11 A.M.-NOON Typical Ownership Structure and Project TimelineNOON-1 P.M. Luncheon1-1:50 P.M. Project Timeline (cont.)1:50-2 P.M. Break2-2:50 P.M. Acq/Rehab Deals, Program Rules and Avoiding Recapture2:50-3 P.M. Break3-4 P.M. Program Rules and Avoiding Recapture (cont.),

Conclusion/Wrap-Up

LIHTC 203: Acq/Rehab Basics(SEPARATE REGISTRATION REQUIRED)

Wed., Oct. 4, 9 a.m.–3 p.m.9-9:50 A.M. Intro, LIHTC Acquisition/Rehabilitation Overview9:50-10 A.M. Break10-10:50 A.M. Acquisition Issues10:50-11 A.M. Break11 A.M.-NOON Acquisition Issues (cont.)NOON-1 P.M. Lunch1-1:50 P.M. Acquisition Issues (cont.)1:50-2 P.M. Break2-3 P.M. Rehabilitation Issues (cont.)

WORKSHOP AGENDA

WORKSHOP AGENDA

Conference Agenda (AGENDA SUBJECT TO CHANGE)

Thur., Oct. 5

7-8 A.M.French Quarter Walking Tour (Optional)Tour New Orleans' vibrant French Quarter on this optional morning tour. Guided by a Crescent City local, you'll learn about the varied architecture and the significance of the French Quarter's location.

8-9 A.M.Registration and Breakfast

9-9:15 A.M.Welcome

� Rebecca Arthur, Novogradac & Company LLP � Thomas Stagg, Novogradac & Company LLP

9:15-10:30 A.M.The Washington ReportEntering the final quarter of 2017, tax reform remains a hot topic in Washington, D.C. Hear what effect the success or failure of efforts at tax reform will have on the LIHTC world, gain insight on housing legislation and get a preview of what’s coming in 2018.

� Michael Novogradac, Novogradac & Company LLP � David Gasson, Boston Capital

10:30-10:45 A.M.Break: Novogradac Rent & Income Limit Calculator Demo in the Exhibit Hall

10:45 A.M.-NOONAffordable Rental Housing Equity After Tax ReformThe first half of 2017 was filled with LIHTC equity pricing uncertainty as the industry worked under the shadow of coming comprehensive tax reform. Our panel discusses when things will settle, so join them as they address current and future prospects for equity pricing.

� Dirk Wallace, Novogradac & Company LLP

� Jana Barbe, Dentons

� Mark Eidson, PGIM Real Estate Finance

� Denise Fazio, PNC Real Estate

� Jay Segel, R4 Capital

� Rachel Thomas, CREA

� Aron Weisner, Enterprise Community Partners Inc.

NOON-1:15 P.M.Luncheon

Conference Agenda (AGENDA SUBJECT TO CHANGE)

Thur., Oct. 5

COMPLIANCE TRACK1:30-2:30 P.M.Understanding and Avoiding RecaptureAffordable housing developers and investors know recapture is a nightmare, so this panel will discuss best practices to help avoid violations of LIHTC rules that result in issuance of Form 8823 and recapture of tax credits. See what to do–and what not to do–so you can remain on the right side of the compliance road.

� Wayne Michael, Novogradac & Company LLP

� Jen Brewerton, Dominium

� Missy Covington, Raymond James Tax Credit Funds

� Stephanie Naquin, Novogradac & Company LLP

2:30-2:45 P.M.Break & Lightning Talk: Empowering your Organization through Data Science in the Exhibit Hall

2:45-3:45 P.M.Acq/Rehab ComplianceDevelopers who acquire and rehabilitate affordable housing properties face issues different than those faced during new construction. Our panel discusses potential potholes that can sideline acq/rehab developments and tell you how to avoid problems and maximize tax credits.

� Charlie Rhuda, Novogradac & Company LLP

� Emily Bias, Pillsbury Winthrop Shaw Pittman LLP

� Jen Brewerton, Dominium

� Stephanie Naquin, Novogradac & Company LLP

� Matthew Rooney, MDG Design + Construction

3:45-4 P.M.Break

4-5 P.M.RAD ComplianceHUD’s Rental Assistance Demonstration (RAD) program is in full swing and provides plenty of opportunities for investors and developers. But the combination of HUD and LIHTC regulations create some specific hurdles that our panel will discuss. Learn more about the best ways to keep your RAD development going strong from people who know.

� Rich Larsen, Novogradac & Company LLP

� Steve Clark, SE Clark & Associates Inc.

� Holly Heer, Barnes & Thornburg LLP

� Andre Blakley, Gorman & Company Inc.

Conference Agenda (AGENDA SUBJECT TO CHANGE)

Thur., Oct. 5

YEAR 15 TRACK1:30-2:30 P.M.Preparing for Year 15For LIHTC properties, the end of the initial compliance period brings major decisions, including whether to retain the property, the ongoing relationship between the owner/developer and investor, and what to do next. This panel will discuss how to start the conversation between the owner and the investor, what can be done in advance to make the exit easier, and even how to best manage capital accounts and reserves.

� Brad Elphick, Novogradac & Company LLP

� Amy Tranckino, Sheppard Mullin

� Wendy Thompson, Dentons

2:30-2:45 P.M.Break & Lightning Talk: Empowering your Organization through Data Science in the Exhibit Hall

2:45-3:45 P.M.Other Year 15 OptionsResyndication isn’t the only choice when a property finishes Year 15. This panel looks at options such as preservation funds, qualified contracts, refinancing and how to value your asset. Hear expert opinions on what you can do as you approach the end of the initial compliance period.

� Mark Shelburne, Novogradac & Company LLP

� Rebecca Arthur, Novogradac & Company LLP

� John Nunnery, PNC Real Estate

� Stephen Roger, Affordable Housing Preservation Advisors

� Bob Snow, National Equity Fund

3:45-4 P.M.Break

4-5 P.M.Year 15 DispositionsExiting a partnership for a LIHTC property at the end of the initial compliance period isn’t simple and this panel examines issues you need to consider, including the right of first refusal calculation and mechanics, fair market value sales, the purchase of interests vs. assets and even looks at some case studies.

� Brad Weinberg, Novogradac & Company LLP

� Thomas Stagg, Novogradac & Company LLP

� Tim Flint, CBRE Affordable Housing

� Dean Walston, KeyBank

Conference Agenda (AGENDA SUBJECT TO CHANGE)

Thur., Oct. 5

BOND TRACK1:30-2:30 P.M.Bond Market UpdateThe multifamily bond market continues to recover from the slump caused by a drop in demand during the Great Recession, but there remain hurdles. Hear where the market is and where it’s headed, including which states have a vibrant demand for bonds and which states are slower to bounce back.

� Molly O'Dell, Novogradac & Company LLP

� Mahesh Aiyer, Citi Community Capital

� Robert Labes, Squire Patton Boggs

� Tim Leonhard, JLL

� Cody Wilson, Stifel, Nicolaus & Company, Incorporated

2:30-2:45 P.M.Break & Lightning Talk: Empowering your Organization through Data Science in the Exhibit Hall

2:45-3:45 P.M.Managing Your Interest RatesThis session answers your questions on investment strategies that can result in greater overall success for your bond transactions. Panelists will look in detail at the market and the use of specific vehicles like credit enhancement, swaps and derivatives, arbitrage and ratings.

� Nicolo Pinoli, Novogradac & Company LLP

� Kent Neumann, Tiber Hudson LLC

� Tammy Ofek, CapM Funding

� Mark Ragsdale, PNC Real Estate

3:45-4 P.M.Break

4-5 P.M.Bond ClosingsSome bond closings can be quite complex and demanding, producing major headaches. Sit in on this session to see how parties succeed in correctly recording the bond proceeds, establish the required trust accounts and see to the capitalization of interest expense and income in arriving at a successful finish.

� Dan Smith, Novogradac & Company LLP

� Alysse Hollis, Coats Rose

� Peter Ten Eyck, PGIM Real Estate Finance

� Phil Westerman, Barnes & Thornburg LLP

5-6:30 P.M.Reception

Conference Agenda (AGENDA SUBJECT TO CHANGE)

Fri., Oct. 68-9 A.M.Breakfast

9-9:30 A.M.Keynote SpeakerSen. Bill Cassidy (R-La.)

9:30-10:45 A.M. (CONCURRENT PANEL 1)Debt RoundtableExamine the best ways to navigate debt financing trends in the current uncertain market. Lenders and developers share how they handle various issues and inform you about what debt programs work best for them in the markets.

� John Rucker, Stifel, Nicolaus & Company, Incorporated

� John Gilmore, KeyBank Real Estate Capital

� Jon Killough, Bellwether Enterprise

� Mathew Wambua, Richmac Funding

� Paul Weissman, Hunt Mortgage Group

9:30-10:45 A.M. (CONCURRENT PANEL 2)Responding to Natural DisastersHurricane Harvey devastated southeast Texas in late summer and the affordable housing world is again a player in relief efforts. Our panel will share about IRS provisions to allow LIHTC and tax-exempt bond-financed housing to be used to provide housing in disaster areas, as well as carryover allocations and recapture relief in affected areas. Hear affordable housing lessons learned from Hurricane Katrina, Hurricane Sandy and others and how to advocate for effective responses to such tragedies, as well as ideas to help when the next disaster hits.

� Mark Shelburne, Novogradac & Company LLP

� David Gasson, Boston Capital

� Toni Jackson, Jones Walker LLP

� Kelly Longwell, Coats Rose

� Stephanie Naquin, Novogradac & Company LLP

10:45-11 A.M.Break

11 A.M.-NOONHUD RoundtableFrom the Rental Assistance Demonstration (RAD) program and affirmatively furthering fair housing to the Section 8 program and FHA loans, hear panelists discuss key HUD issues, including the future of the department under Ben Carson.

� Tiffany French, Novogradac & Company LLP

� Ray Landry, Davis-Penn Mortgage Co.

� Monica Sussman, Nixon Peabody LLP

Conference RatesEarly Bird After Sept. 18 On-Site Online Registration

Corporate $675 $775 $800REGISTER NOW

Nonprofit $575 $675 $700

EARLY BIRD CONFERENCE REGISTRATION AND HOTEL RATE ENDED

Workshop RatesWith Conf. Reg. Workshop Only Online Registration

LIHTC 101 $325 $425 REGISTER NOW

LIHTC 203 $325 $425 REGISTER NOW

ACCREDITATION Novogradac & 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.

A limited block of rooms will be held until Sept. 18. Reservations made after Sept. 18, will be accepted on a space-available basis only and cannot be guaranteed at the discounted rate.

Sheraton New Orleans Hotel $229/night, plus tax

BOOK YOUR HOTEL RESERVATION

SPECIAL ASSISTANCEOur conference facilities are in compliance with the Americans with Disabilities Act (ADA). Please contact Alex Bernard at 415.356.7627 or alex.bernard@novoco.com if you require assistance.

Sponsorship and ExhibitsEngage, inform & influence customers and prospects with Novogradac & Company LLP’s conference sponsorships.

Novogradac & Company LLP’s conferences offer a powerful method of engagement and immediate return on investment, whether your marketing goal is brand or product awareness, thought leadership, qualified lead generation, sales acceleration or retention.

Contact Carol Hough at carol.hough@novoco.com or 415.223.6145