Novogradac 2024 Fall New Markets Tax Credit Conference

Agenda

Agenda is subject to change.

Please note: Agenda is in Central Time.

Find CPE information here.

WEDNESDAY, OCTOBER 23, 2024

9:00 am - 4:00 pm

NMTC Basics Workshop (in-person only)- additional fee required

Learn the fundamentals of the new markets tax credit incentive, 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.

Tracks:

Moderator: Rebecca Darling, Partner, Novogradac

Speaker: Erin Neff, Principal, Novogradac

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

Speaker: Ashley Wicks, President, Butler Snow Foundation, Butler Snow

1:00 pm - 5:00 pm

NMTC Compliance & Asset Management Workshop (in-person only)- additional fee required

Getting an NMTC allocation and even closing your QLICIs isn't the end of the line for CDE compliance. Learn about compliance requirements from the IRS and CDFI Fund, along with recapture risks, allocation agreements, the substantially all test, asset management, common pitfalls and more.

Tracks:

Speaker: Carlos Mercado, Project Manager, SB Friedman

Speaker: Lisa Gibson, Vice President , Advantage Capital

Speaker: Heath Hawkins, Manager, Novogradac

Moderator: Austin Power, Partner, Novogradac

THURSDAY, OCTOBER 24, 2024

8:00 am - 9:00 am

Networking Breakfast

9:00 am - 9:30 am

Conference Welcome & Keynote Address

Conference chair Brad Elphick welcomes attendees and sets the stage for the next two days of education and networking. Then Rep. Mike Kelly, R-Pennsylvania, cosponsor of the New Markets Tax Credit Extension Act of 2023, chair of the House Ways and Means Tax Subcommittee and Community Development Tax Team, shares his thoughts on the state of the NMTC, how the incentive may fare in tax legislation and what advocates can do to boost the NMTC.

Tracks:

Speaker: Aileen Thomas, Partner, Jones Walker LLP

Speaker: Jeff Schwartz, Director of Economic Development, Mayor's Office of New Orleans

Speaker: Brad Elphick, Conference Chair & Partner, Novogradac

Speaker: Mike Kelly, Keynote Speaker, U.S. Representative, 16th District, Pennsylvania

9:30 am - 10:45 am

Washington Report

Experts discuss what to expect for the NMTC and other community development incentives depending on the outcomes of the upcoming election. How likely is an extension of the NMTC beyond 2025? How friendly to the NMTC are potential leaders of the Congressional tax-writing committees? What should advocates do? Get informed.

Tracks:

Speaker: Jeff McMillen, Partner, Akin Gump

Speaker: Laura Vowell, Managing Director of Community Finance Solutions, U.S. Bancorp Impact Finance

Moderator: Michael Novogradac, Managing Partner, Novogradac

Speaker: Bob Rapoza, Founder & President, Rapoza Associates

10:45 am - 11:00 am

Networking Break

11:00 am - 12:00 pm

Investor Insight

Hear investor insight into the $5 billion CY 2023 round of NMTCs and what they think of the coming $10 billion CY 2024-2025 round. Hear what types of NMTC investments are most attractive, what investors expect to happen with pricing and how what’s happening with other tax incentives affects NMTC investor appetite.

Tracks:

Drew Hammond, Vice President & Business Development Officer, U.S. Bancorp Impact Finance

Moderator: Brad Elphick, Conference Chair & Partner, Novogradac

Speaker: James D. Howard, President, Dudley Ventures

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

Speaker: Kathleen Galvan, Acquisitions Manager, NTCIC

Speaker: Jalen Marable, Commercial Banker, JPMorgan Chase

Speaker: Jennifer Stoehr, Vice President, Investment Director, Fifth Third Bank

12:00 pm - 1:30 pm

Networking Lunch

1:30 pm - 2:30 pm

Preparing for a Record Allocation Round

The $10 billion CY 2024-25 NMTC allocation round will be the biggest in history, twice the allocation total in recent rounds. Learn what you need to know, including expectations for the number of awardees, how large individual allocations will likely be and how the investor market will respond to having twice the amount of credits that have recently been allocated. Get tips on applying for allocation and what businesses seeking subsidized below-market NMTC financing should be doing now.

Tracks:

Moderator: Warren Sebra, Partner, Novogradac

Speaker: Kermit Billups, Executive Vice President, Greenline Ventures

Speaker: Laurel Tinsley, Managing Director, Cherry Bekaert Strategic Financing Services

Speaker: Courtney Tawresey, Shareholder, Polsinelli

Speaker: Meg Wentzel, Senior Vice President, Truist Community Capital

2:30 pm - 2:45 pm

Networking Break

2:45 pm - 3:45 pm

Rural Focus: NMTCs in Nonmetro Areas and Indian Country

The CDFI Fund emphasizes investment in rural communities, including in Indian Country. Hear about challenges and opportunities in those areas from those who work there. Learn how to improve your ability to make or receive such investments.

Tracks:

Moderator: Don Sabine, Principal, Novogradac

Speaker: Michael Bland, Director of Community Investment, Travois

Speaker: Megan Riess, Member, Longwell Riess

Speaker: Judd Larson, Partner, Kutak Rock

Speaker: Darryl Jacobs, Partner, Ginsberg Jacobs LLC

Speaker: Thane Hodson, Attorney, Butler Snow

3:45 pm - 4:00 pm

Networking Break

4:00 pm - 5:00 pm

Challenges, Opportunities in a Successful New Orleans NMTC Transaction

Hear about the hurdles and approaches taken by a New Orleans nonprofit community health organization that used NMTC financing to add a four-story, 35,000-square-foot facility in Mid-City New Orleans. CrescentCare, which launched in 1983 and worked out of rented space, now has a location that offers health care, behavioral health, sexual health services, gender affirming care and more. Hear from the developers and financial partners how they navigated the complexities of the development, what drove their decisions and how they twinned NMTCs with historic tax credit equity to finish the development. Gain insight from their experiences that will help you in your next transaction.

Tracks:

Speaker: Christopher Wootten, Partner, Jones Walker LLP

Speaker: Kelly Longwell, Member, Longwell Riess

Speaker: Cassandra Williams, EVP, Chief Lending Officer, Hope Enterprise Corporation

Speaker: Mark Preston, Vice President and Relationship Manager, Capital One

Speaker: Anna Labadie, Sr. Project Manager, Gulf Coast Housing Partnership, Inc.

Moderator: Matt Meeker, Partner, Novogradac

5:00 pm - 6:30 pm

Networking Reception

Tracks:

FRIDAY, OCTOBER 25, 2024

8:00 am - 9:00 am

Networking Breakfast

9:00 am - 9:55 am

Technical Transaction Tips

Stay updated on many of the technical issues required for a successful NMTC transaction. Experts share information on closing your transaction, including timelines, options and hurdles.

Tracks:

Moderator: Nicolo Pinoli, Partner, Novogradac

Speaker: Erik Rickard, Partner, Barnes and Thornburg LLP

Speaker: Susan Seagren, President, AMCREF

Speaker: Brian Shelton, Vice President, U.S. Bancorp Impact Finance

10:00 am - 10:55 am

Examining NMTC Allocation Practices

NMTC experts discuss how the CDFI Fund allocates tax credit authority and possible changes as we near a record-breaking $10 billion round. Learn about options with QEI and QLICI deadlines, transparency in scoring, the possibility of consistency in scheduling for upcoming rounds and more.

Presented by:

Tracks:

Speaker: Paul Anderson, Vice President, Rapoza Associates

Speaker: Elaine DiPietro, President, Blooming Ventures

Speaker: Kevin Boes, CEO, Broadstreet Impact Services

Moderator: Rebecca Darling, Partner, Novogradac

11:00 am - 11:55 am

Using NMTCs to Build Housing

NMTC financing can finance for-sale single-family houses, allowing the community development incentive to address America’s housing shortage while ensuring that at least 20% of the units are available to low-income residents. Learn more about leveraging the incentive for housing, including meeting QALICB standards, flexible financing, the timing of home sales and more.

Tracks:

Speaker: Christopher Pierce, Attorney, NMTC Industry

Speaker: William Carson, VP & Senior Business Development Officer (NMTC/HTC), U.S. Bancorp Impact Finance

Speaker: Jill Gilbert, General Counsel & Vice President, Smith NMTC

Speaker: Scott Hammel, Partner, Husch Blackwell

Moderator: Josh Mason, Manager, Novogradac

Reserve your place.

Attending a new markets tax credit (NMTC) conference is one of the best ways to stay up to date with the latest trends in community development. Network with hundreds of community development professionals while learning from experienced NMTC accountants, allocatees, investors, developers and more. Explore emerging legislation and tax credit equity pricing while learning how to best prepare for future NMTC allocation rounds.