Novogradac 2022 Spring New Markets Tax Credit Conference

Agenda

Please note: Agenda is set in Eastern Standard Time

Find CPE info here.

TUESDAY, JUNE 7, 2022

WEDNESDAY, JUNE 8, 2022

9:00 am - 4:00 pm

NMTC 101: The Basics (in-person only) - 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 Fall 2022 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: Jodie Fish, Manager, Novogradac

Speaker: Rebecca Darling, Partner, Novogradac

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

THURSDAY, JUNE 9, 2022

8:00 am - 9:00 am

Registration and Breakfast/Login

9:00 am - 9:05 am

Conference Welcome

The conference chair welcomes attendees and previews educational and networking opportunities for the next two days.

Tracks:

Speaker: Gregory Clements, Partner, Novogradac

9:05 am - 9:30 am

Keynote Address

Our esteemed guest provides a look at the state of the NMTC and gives insight on what may be coming.

Tracks:

Speaker: Richard Neal, Chairman, House Ways and Means Committee

9:30 am - 9:45 am

QLICI of the Year Awards

9:45 am - 10:45 am

Washington Report

A panel of experts shares how the upcoming midterm elections could change Congress and what that would mean to the community development world. They also discuss what to expect concerning legislation to make the NMTC incentive a permanent part of the tax code and how regulatory matters could affect community development.

Tracks:

Speaker: Jeff McMillen, Partner, Akin Gump Strauss Hauer & Feld LLP

Speaker: Bob Rapoza, President and Principal, Rapoza Associates

Speaker: Merrill Hoopengardner, President, NTCIC

Speaker: Sandra Moore, Managing Director and Chief Impact Officer, Advantage Capital

Moderator: Michael Novogradac, Managing Partner, Novogradac

10:45 am - 11:00 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:

11:00 am - 12:00 pm

Investors, Equity and Success

NMTC insiders share insight on successful NMTC investments, including what investors are looking for and how to make your transaction attractive. Hear what lessons they’ve learned during two-plus years of pandemic and what they’re expecting in the coming months.

Tracks:

Speaker: Jamise Goodman, Senior Vice President, Truist Community Capital

Speaker: Tom Oldenburg, Vice President, US Bancorp Community Development Corporation

Speaker: John Chamberlain, Senior Vice President, Capital One

Speaker: Jim Howard, President, Dudley Ventures

Moderator: Annette Stevenson, Partner, Novogradac

12:00 pm - 1:30 pm

Networking Lunch

1:30 pm - 2:30 pm

NMTC Plus...

Learn how the NMTC can work with other tax incentives, including the historic tax credit and renewable energy tax credits. Also, hear about how states encourage developments with special incentives and how Small Business Administration assistance can help fill financing gaps.

Tracks:

Speaker: Beth Robinson, President & CEO, Uptown Consortium, Inc.

Speaker: Nicholas Anderson, Partner, Spencer Fane LLP

Moderator: Austin Power, Principal, Novogradac

Speaker: Joseph Bredehoft, Partner, Husch Blackwell LLP

2:30 pm - 2:45 pm

Balance Break

Tracks:

2:45 pm - 3:45 pm

Finishing Strong

Winding down an NMTC transaction can bring complications and this panel will address some best practices and warning signs for those involved. Hear what you should be doing ahead of time to get ready for the end of the deal.

Tracks:

Moderator: Rob Bryant, Partner, Novogradac

Speaker: Shawn Whitney, Shareholder, Polsinelli

Speaker: Brooke Roseberry, Vice President and Senior Asset Manager, US Bancorp Community Development Corporation

Speaker: Leah Rogan, Managing Director, NMTC, Enterprise Community Investment Inc.

3:45 pm - 4:00 pm

Balance Break

Tracks:

4:00 pm - 5:00 pm

Investing in Diversity

Get insight on what’s happening and what’s possible when there’s a special focus on diversity, equity and inclusion. Hear how DEI can move from a value to a fundamental in your business plan and hear what you can be doing in your organization to grow DEI.

Tracks:

Speaker: Oliver Baines, President and CEO, Central Valley NMTC

Speaker: Donna Nuccio, VP NMTC Investing, New Markets Support Company

Speaker: Sameer Patel, , Manatt, Phelps & Phillips, LLP

Moderator: Robert Bennett, Principal, Novogradac

5:00 pm - 6:00 pm

Networking Reception

Tracks:

FRIDAY, JUNE 10, 2022

8:00 am - 9:00 am

Registration and Breakfast/Login

9:00 am - 9:30 am

Keynote Address

CDFI Fund Director Jodie Harris shares insight into the new markets tax credit incentive, including how the CDFI Fund is approaching upcoming rounds and what stakeholders should know about community development. Hear about the NMTC from the person at the helm of the organization that oversees the credit.

Tracks:

Speaker: Jodie Harris, Director, CDFI Fund

9:30 am - 10:25 am

CDFI Fund Insights

Representatives of the CDFI Fund share what to expect from the 2021 allocation round and what changes could be coming for 2022. Hear about changes in the application and compliance issues and have your questions answered.

Tracks:

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

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

Moderator: Bob Ibanez, Senior Public Policy Manager, Novogradac

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

10:30 am - 11:20 am

Understanding the "But For"

The “But for” standard is key for validating NMTC investments and this panel will provide case studies that reveal how to make the case. Understand the best practices for showing the importance of an NMTC development and how to measure them.

Tracks:

Speaker: Kermit Billups, Executive Vice President, Greenline Ventures

Speaker: John Brooks, Director of Commercial Lending, New Mexico Finance Authority

Speaker: Darryl Jacobs, Attorney, Ginsberg Jacobs LLC

Moderator: Erin Neff, Principal, Novogradac

11:25 am - 12:15 pm

Alternate Financing Tools

NMTCs aren’t the only way to finance community development and panelists will share other potential tools, whether they’re to provide the bulk of funding or fill in gaps. Learn what’s available to assist in building up low-income communities.

Tracks:

Speaker: Robert Labes, Partner, Squire Patton Boggs

Speaker: Traci Vaine, CEO, CEI Capital Management

Moderator: Nick Ives, Principal, Novogradac