Novogradac 2025 Spring New Markets Tax Credit Conference

Agenda

Please note: Agenda is in Eastern Time and is subject to change.

WEDNESDAY, JUNE 4, 2025

9:00 am - 4:00 pm

NMTC Basics Workshop - 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:

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

Moderator: Rebecca Darling, Partner, Novogradac

Speaker: Monica Blanton, Director of NMTC Operations, BrightBridge Capital

Speaker: Heath Hawkins, Manager, Novogradac

1:00 pm - 5:00 pm

NMTC Compliance Workshop - additional fee required

Receiving an NMTC allocation and closing 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, common pitfalls and more.

Tracks:

Speaker: Jay Readey, Counsel & Member of Board of Managers, Ginsberg Jacobs

Moderator: Austin Power, Partner, Novogradac

Speaker: Doug Sellers, Principal, Novogradac

THURSDAY, JUNE 5, 2025

8:00 am - 9:00 am

Networking Breakfast

9:00 am - 9:30 am

Conference Welcome & Keynote Speaker

Conference chair Greg Clements welcomes attendees to the conference and previews the next two days of education and networking. Then our esteemed keynote speaker shares thoughts on the state of the NMTC.

Tracks:

Gregory Clements, Conference Chair & Partner, Novogradac

Speaker: Jason Smith, Keynote Speaker, U.S. Representative, MO - 8th District

9:30 am - 10:45 am

Washington Report

Our panel of experts share the state of tax legislation and what it means for the future of the NMTC. Hear what has happened and what is coming legislatively and with regulations, as well as what the first six months of the Trump administration has taught us.

Tracks:

Speaker: Jeff McMillen, Partner, Akin Gump

Speaker: Bob Rapoza, Founder & President, Rapoza Associates

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

Moderator: Michael Novogradac, Managing Partner, Novogradac

10:45 am - 11:00 am

Journal of Tax Credits Awards Ceremony

Celebrate community development entities that earned recognition as the qualified low-income community investments of the year for mission, community impact, innovating financing and achievement of goals. Winners are honored for metro, nonmetro, real estate, small business and operating business QLICIs.

Tracks:

Gregory Clements, Conference Chair & Partner, Novogradac

11:00 am - 12:00 pm

Investor Insights

Get insight from investors as they prepare for a $10 billion allocation round. Hear how legislation extending the NMTC or making it permanent might affect pricing and learn what types of transactions are most interesting to investors.

Tracks:

Speaker: James D. Howard, President, Dudley Ventures/Valley Bank

Speaker: Scott Pinover, Executive Director - Northeast Deal Team Manager, Wells Fargo

Speaker: Maurice L. Coleman, Senior Vice President; Tax Credit Syndication Executive, Bank of America

Moderator: Brad Elphick, Partner, Novogradac

Speaker: John Chamberlain, Managing Director, Capital One

Speaker: Tom Oldenburg, Senior Vice President, U.S. Bancorp Impact Finance

12:00 pm - 1:30 pm

Networking Lunch

1:30 pm - 2:30 pm

Technical Transaction Issues

NMTC transactions can involve complications. Attorneys share challenges they’ve faced and how they found ways to solve the issues.

Tracks:

Speaker: Darryl Jacobs, Equity Partner, Ginsberg Jacobs LLC

Speaker: Robert D. Labes, Partner, Squire Patton Boggs

Moderator: Amanda Read, Partner, Novogradac

Speaker: Justin Fezzi, Partner, Husch Blackwell

Speaker: Megan Riess, Member, Longwell Riess

2:30 pm - 2:45 pm

Networking Break

2:45 pm - 3:45 pm

NMTC-Plus

One way to fill your capital stack is the use of other community development tax incentives with the NMTC. Hear how stakeholders have used other tax credits, such as the historic tax credit and clean energy tax credits, with their NMTC developments. Also, get the latest on how the opportunity zones incentive may work better with NMTCs after tax legislation.

Tracks:

Moderator: George Barlow, Partner, Novogradac

Speaker: Joe Hennessee, Strategic Financing Services Senior Manager, Cherry Bekaert

Speaker: Tony Maruca, Senior Project Manager, NTCIC

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

3:45 pm - 4:00 pm

Networking Break

4:00 pm - 5:00 pm

Double Down on the Double Round?

Panelists discuss the upcoming record-breaking, $10 billion NMTC allocation round. Hear how the emphasis on areas of deep distress affected applications, whether the change from 20% to 10% for first-year allocatees’ QEI issuance before the CDFI Fund deadline made an impact, how record allocation amount and uncertainty about future rounds affected CDEs’ requests, when we expect the awards to be announced and more. Learn how experienced applicants approached this round and how they’re viewing the future.

Tracks:

Speaker: Kermit Billups, Executive Vice President, Greenline Ventures

Speaker: Tony Smith, Partner, SB Friedman

Speaker: Whitney Collins, Senior Vice President of Investments, AMCREF Community Capital LLC

Speaker: Steve Ross, New Markets Tax Credit and Solar Tax Equity Team Leader, Regions Bank

Moderator: Rebecca Darling, Partner, Novogradac

5:00 pm - 6:30 pm

Networking Reception

Tracks:

FRIDAY, JUNE 6, 2025

8:00 am - 9:00 am

Networking Breakfast

9:00 am - 9:55 am

QALICB Issues/Readiness/Lending/Underwriting

For businesses that receive NMTC financing, there are many issues that provide challenges and opportunities. Whether you’re a business, a community development entity or an investor, hear about issues concerning readiness, lending options and underwriting for NMTC-financed businesses.

Tracks:

Moderator: Ryan Rieger, Parter, Novogradac

Speaker: Josh Lavrinc, Managing Principal, Grow Community Development Capital LLC

Speaker: Nathan Lerman, President, LCA Solutions

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

10:00 am - 10:55 am

Case Studies

Hear how an NMTC-financed property that won a QLICI of the Year Award got started, built and completed. Learn from the challenges and opportunities of a successful property and apply the lessons to your work.

Tracks:

Moderator: Don Sabine, Partner, Novogradac

Speaker: Shawn Peterson, Partner, Kreig Devault

Speaker: Julie Gabel, Attorney, Applegate & Thorne-Thomsen

Speaker: Sarah Greenberg, President, Cinnaire Lending, Cinnaire

Reserve Your Seat

Join affordable housing professionals from around the country in Washington, D.C. for this two-day conference. With built-in networking breaks and an exclusive reception for attendees, this is your chance to connect with leading professionals in the affordable housing world.