Agenda

Novogradac 2021 Fall New Markets Tax Credit Conference

Agenda

Please find CPE info here.

WEDNESDAY, OCTOBER 27, 2021

9:00 am - 4:00 pm

The Basics of New Markets Tax Credits- additional fee required

Learn the fundamentals of the New Markets Tax Credit program, including the background, roles of significant players, the alphabet of CDEs, QEIs, QLICIs and QALICBs, how to avoid recapture and more, from experts with years of experience consulting on NMTC transactions.

Discussion Topics from Spring 2021 workshop:

Background and purpose of NMTC program
The basic NMTC structure
Tax credit pool, application process and award process
Claiming the credits
The leverage structure
Allocation application and rounds
CDEs (service areas, governing/advisory boards)
QALICBs
QLICIs and the sub-all test
Avoiding credit recapture

Tracks:

Speaker: Ashley Wicks, Attorney, Butler Snow

Speaker: Rebecca Darling, Partner, Novogradac

Speaker: Jodie Fish, Manager, Novogradac

Speaker: Monica Blanton, Director of NMTC Operations, River Gorge Capital

1:00 pm - 5:00 pm

Beyond the Basics of New Markets Tax Credits- additional fee required

Experienced NMTC practitioners will benefit from this workshop that includes such topics as monetization of assets and financial feasibility, how to prove true debt, managing exit strategies and twinning the NMTC with state deals. It includes a Q&A session where you can get specific answers for your transactions.

Discussion Topics from Spring 2021 Workshop:

Structures
Monetization of assets and financial feasibility
Proving true debt
Exit strategies
Original Issue Discount (OID)
Twinning with state credits

Tracks:

Speaker: Jarrod Sharp, Partner, Thompson Coburn LLP

Speaker: Jonathan Crawford, Director, Stonehenge Capital

Speaker: Nicolo Pinoli, Partner, Novogradac

Speaker: Amanda Read, Partner, Novogradac

THURSDAY, OCTOBER 28, 2021

8:00 am - 9:00 am

Registration and Breakfast/Login

9:00 am - 9:30 am

Conference Welcome & 2021 Novogradac Journal of Tax Credits Community Development QLICI of the Year Awards

Our conference chair welcomes attendees and honors community development entities that won 2021 Novogradac Journal of Tax Credit Community Development QLICI of the Year Awards.

Tracks:

Speaker: Brad Elphick, Partner, Novogradac

9:30 am - 10:30 am

The Washington Report

Hear the latest on what’s happening in Washington, D.C., concerning community development, including the potential for legislation to expand and enhance the new markets tax credit. Understand what’s possible before the end of 2021 and what the mid-term elections mean for 2022 legislation.

Tracks:

Speaker: Merrill Hoopengardner, President, NTCIC

Speaker: Bob Rapoza, President and Principal, Rapoza Associates

Moderator: Michael Novogradac, Managing Partner, Novogradac

Speaker: Jeff McMillen, Partner, Akin Gump

10:30 am - 10:45 am

Balance Break

Reset for the next session. In-person attendees can grab a snack, visit the exhibit hall or make a connection in the network lounge. Online attendees can grab a snack, peruse the exhibit tab or make a connection in the chat.

Tracks:

10:45 am - 11:45 am

Investor Outlook

Hear how the investment market looks as we near the end of 2021. Gain a deeper understanding of how the COVID-19 pandemic affected pricing, what types of transactions get the most interest and what you can do to ensure that your development is attractive to investors.

Tracks:

Speaker: En Jung Kim, Executive Director, Community Development Banking - New Markets Tax Credit Group, Chase

Moderator: Brad Elphick, Partner, Novogradac

Speaker: Spencer Gagnet, Managing Director and Manager, Tax Credit Finance Dept, Capital One

Speaker: Laura Vowell, Director of Business Development, U.S. Bancorp Community Development Corporation

11:45 am - 12:00 pm

Balance Break

Tracks:

12:00 pm - 1:15 pm

Luncheon Keynote

Hear our community development champion address the new markets tax credit and other issues, including a look at what’s coming in Washington, D.C.

Tracks:

Speaker: Noel Andrés Poyo, Deputy Assistant Secretary For Community Economic Development, United States Department of the Treasury

1:30 pm - 2:30 pm

Using NMTC for Economic Recovery

NMTC investments can play a crucial role in the post-pandemic economic recovery and this session will discuss how and why. Hear how NMTC developments can make a difference in hard-hit neighborhoods and the impact of lower equity prices on the ability to do so. What role should CDEs, developers and investors play?

Tracks:

Speaker: Laurel Tinsley, Managing Director, Tax Advantage Group by Cherry Bekaert

Speaker: Amanda Read, Partner, Novogradac

Speaker: Louis Jenull, , Squire Patton Boggs

Speaker: Elizabeth Feldmeir, Partner, Thompson Coburn LLP

2:30 pm - 2:45 pm

Balance Break

Tracks:

2:45 pm - 3:45 pm

Investing in Native Communities

The CDFI Fund encourages investment in Native communities. Hear experienced NMTC practitioners share how to make the incentive work in those areas and what you need to do to be effective at delivering community impact.

Tracks:

Speaker: Dennis Johnson, CEO, Ho-Chunk Capital

Speaker: Joel Smith, N.A. Chief Credit Officer, Native American Bank

Speaker: Darryl Jacobs, Attorney, Ginsberg Jacobs LLC

Speaker: Michael Bland, CDE Manager, Travois

Moderator: Matt Meeker, Partner, Novogradac

3:45 pm - 4:00 pm

Balance Break

Tracks:

4:00 pm - 5:00 pm

Investing in Minority Businesses

Hear how to best use the NMTC incentive to provide financing for minority-owned businesses. Gain a deeper understanding of best practices and hear how NMTC funding is making a difference.

Tracks:

Moderator: Blair Kincer, Partner, Novogradac

Speaker: Kermit Billups, Executive Vice President, Greenline Ventures

Speaker: Nicole Boone, Vice President, Community Development Banking, Chase

Speaker: Randall Minor, Shareholder, Maynard Cooper & Gale

5:00 pm - 6:00 pm

Networking Reception

Cap off the first day of the conference by gathering with other attendees.

Tracks:

FRIDAY, OCTOBER 29, 2021

8:30 am - 9:30 am

Women & Allies Breakfast

8:30 am - 9:30 am

Registration & Breakfast/Login

9:30 am - 9:45 am

Welcome & Keynote Address

Our distinguished speaker shares thoughts on the new markets tax credit, other community development issues and what’s coming.

Tracks:

Speaker: Ben Cardin, United States Senator, State of Maryland

9:45 am - 10:45 am

Program Regulatory Updates

CDFI Fund insiders share what’s changed and what’s coming concerning regulatory issues, including application, compliance and all other NMTC-related topics. Stay informed.

Tracks:

Speaker: Christopher Allison, Program Manager for New Markets Tax Credit Program, CDFI Fund

Speaker: Trefor A. Henry, Associate Program Manager, CDFI Fund, Office of Compliance Monitoring & Evaluation

Speaker: Oscar Gonzales, Associate Program Manager, Financial Strategies and Research, CDFI Fund

Speaker: Brad Elphick, Partner, Novogradac

Moderator: Peter Lawrence, Director of Public Policy and Government relations, Marketing, Novogradac

10:45 am - 11:00 am

Balance Break

Tracks:

11:00 am - 12:00 pm

NMTC Hot Topics

Developers, investors and others share insights into their roles and views of the NMTC incentive in an interactive session where you can ask questions and share experiences.

Tracks:

Speaker: Courtney Tawresey, Shareholder, Munsch Hardt Kopf & Harr

Speaker: Irvin Henderson, President and CEO, Henderson and Company

Moderator: Nicolo Pinoli, Partner, Novogradac

Speaker: Erik Rickard, Partner, Barnes and Thornburg LLP