Novogradac 2022 Historic Tax Credit Conference

Agenda

Agenda subject to change. Please note the agenda is set in Central Standard Time. Please find CPE info here.

TUESDAY, OCTOBER 4, 2022

WEDNESDAY, OCTOBER 5, 2022

10:00 am - 5:00 pm

The Basics of Historic Tax Credits Workshop (in-person only) - additional fee required

Learn the fundamentals of the historic tax credit, including definitions of key terms, how the National Park Service application process works and more. Discuss concepts such as qualified rehabilitation expenditures and buildings, credit recapture, minimum expenditures test, Internal Revenue Code Section 50(d) income, deal structuring and how tax reform, the pandemic and recent regulations affected the HTC.

Tracks:

Speaker: Marcos Velazquez, Manager, Novogradac

Speaker: Brian Weaver, Attorney, Stinson

Speaker: Nick Kraus, Vice President, Heritage Consulting Group

Moderator: Roy Chou, Partner, Novogradac

Speaker: Nick Gettings, Manager, Novogradac

1:00 pm - 4:00 pm

Planning, Modeling, and Financial Engineering an HTC Project (in-person only) - additional fee required

The financial model or projections are the financial blueprint for a historic tax credit transaction but can often be overwhelming to developers and investor/syndicator project managers alike. This workshop will walk through and demystify an HTC project financial model and guide participants through the elements most important to the parties involved. Led by a team of experienced HTC practitioners, the workshop will discuss matters of interest to developers and investors alike. The session will conclude with a discussion of investor term sheets and the potential ramifications of terms beyond credit price.

Tracks:

Speaker: Elizabeth Feldmeir, Partner, Thompson Coburn LLC

Speaker: Alex Aydin, Senior Manager, Novogradac

Speaker: Matt Yunker, Manager, Novogradac

Moderator: David Graff, Principal, Novogradac

THURSDAY, OCTOBER 6, 2022

8:00 am - 9:00 am

Registration and Breakfast/Login

9:00 am - 9:20 am

Conference Welcome and 2022 Novogradac Journal of Tax Credits Historic Rehabilitation Awards

Our conference chair welcomes attendees and recognizes winners of the 2022 Novogradac Journal of Tax Credits Historic Rehabilitation Awards.

Tracks:

Speaker: Michael Kressig, Partner, Novogradac

9:20 am - 10:45 am

Washington Report

Our expert panel examines the state of the federal historic tax credit and considers scenarios based on the outcomes of the midterm elections. Hear how likely passage is for the HTC-GO Act, as well as whether provisions of that legislation might be attached to year-end tax extender bills.

Tracks:

Speaker: Merrill Hoopengardner, President, NTCIC

Moderator: Michael Novogradac, Managing Partner, Novogradac

Speaker: Patrick Robertson, Principal, Confluence Government Relations

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

HTC Marketplace: Investor Equity Insights

HTC investors share insight on the state of the marketplace, including what types of transactions and structuring are most popular, how inflation and the Global Minimum Tax may affect HTC equity pricing and where the market is heading.

Tracks:

Speaker: Keith Pettus, Executive Director, Chase

Speaker: Eric Darling, Partner, Carlisle Tax Credit Advisors

Speaker: John Panno, Senior Vice President, Bank of America

Moderator: Michael Kressig, Partner, Novogradac

Speaker: Jonathan Swigert, Vice President, HTC & NMTC Originations, Tax Credit Solutions, PNC

12:15 pm - 1:30 pm

Networking Lunch

1:30 pm - 2:30 pm

Building the Capital Stack

The federal HTC can account for 20% of qualified rehabilitation expenditures, leaving plenty of room for other financial resources in the capital stack. Our expert panel discusses tools that can help make the difference in a development penciling out financially.

Tracks:

Moderator: John DeJovine, Principal, Novogradac

Speaker: John Murphy, Director of Business Development, Octagon Finance

Speaker: Joseph Bredehoft, Partner, Husch Blackwell LLP

Speaker: Katrina Thompson, Partner, Barnes & Thornburg LLP

Speaker: Nicholas Anderson, Partner, Spencer Fane LLP

2:30 pm - 2:45 pm

Balance Break

Tracks:

2:45 pm - 3:45 pm

Promoting Equity in Community Development

Diversity, equity and inclusion should be a critical part of any historic preservation development and for all organizations involved in the transactions. Learn how to effect change in your area and what you can do to better encourage an accelerated promotion of underrepresented groups.

Tracks:

Moderator: Amy Hook, Chief Social Impact Officer, Novogradac

Speaker: William Carson, Vice President & NMTC Business Development Officer - Southeast, U.S. Bancorp Community Development Corp.

Speaker: Amrit Gill, President, Restoration St Louis

Speaker: Kathleen Galvan, Acquisitions Manager, NTCIC

3:45 pm - 4:00 pm

Balance Break

Tracks:

4:00 pm - 5:00 pm

HTC Hot Topics and Trends

Tune in as a panel of HTC experts discuss the latest trends affecting HTC developments, including rising interest rates, supply chain challenges, construction cost inflation and more. Learn how projects are adapting to this changing landscape and predictions for what to expect next.

Tracks:

Moderator: Nicolo Pinoli, Partner, Novogradac

Speaker: Josh Jeffers, Founder and CEO, J. Jeffers & Co.

Speaker: Elizabeth Tune, Technical Preservation Services, National Park Service

Speaker: Nicholas James Irmen, Attorney, Jones Walker LLP

Speaker: Eric Brubaker, Director of Acquisitions and Partner, Foss & Company

5:00 pm - 6:00 pm

Networking Reception

FRIDAY, OCTOBER 7, 2022

8:00 am - 9:00 am

Registration and Breakfast/Login

9:00 am - 9:05 am

Keynote Address

Hear a special address from keynote speaker Congressman Darin LaHood.

Tracks:

Speaker: Darin LaHood, Congressman, U.S. Representative, IL - 18th District

9:05 am - 10:05 am

HTC Projects with Tax-Exempt Sponsors

The tax-exempt use rules create structuring and other financing challenges for tax exempt organizations wishing to use the Historic tax credit in their redevelopment projects. Yet tax-exempt sponsors are able to successfully navigate these challenges every year. In this panel, experts will discuss the tax-exempt use prohibitions and structuring strategies for using the HTC for a tax-exempt sponsored project.

Tracks:

Speaker: Ann Hered, Attorney, Butler Snow LLP

Speaker: Lucas Witters, Associate, BakerHostetler

Moderator: Thomas Boccia, Partner, Novogradac

Speaker: Shawn Whitney, Tax Credit Finance Chair, Polsinelli

Speaker: Brian D. Hern, Attorney, Riemer | Braunstein LLP

10:15 am - 11:15 am

State of the States

Nearly 40 states have their own state-level HTC incentive, providing a boost for financing preservation. Hear how to best use a state HTC, as well as what you can do to advocate for the introduction or expansion of a state-level HTC where you work.

Tracks:

Moderator: Warren Sebra, Partner, Novogradac

Speaker: Renee Kuhlman, Senior Director of Outreach and Support

Speaker: Richard Sidebottom, Director, Ryan LLC

Speaker: Richard Sidebottom, Director of Historic Tax Credits, Ryan

Speaker: Cindy Hamilton, President, Heritage Consulting Group

Speaker: Amanda R. Engel, Attorney, Stinson LLP