Thursday, October 22, 2015
General Session
Thursday, October 22, 2015

Registration & Breakfast
8:00-9:00 am

NMTC with Historic Tax Credits
9:00-9:50 am

Given the fact that a large number of HTC-related projects are in NMTC-eligible low-income census tracts, it’s no surprise that combining the HTC and NMTC has led to a number of successful redevelopments. Our expert panelists highlight the effective use of these two tax credits, including available structures, interplay of different tax credit periods and other common issues.

Speakers
  • Mike Kressig, Novogradac & Company LLP (Moderator)
  • Gary Elkins, Elkins PLC
  • Steve Kramer, U.S. Bank
  • Jerry Schmahl, National Trust Community Investment Corporation
  • Ryanne Shuey, PNC Bank

Article

By Mark O'Meara, Novogradac & Company LLP
Originally Published in the August 2015 Journal of Tax Credits


Break
9:50-10:00 am

Challenges of Using NMTCs for Operating Business Investments
10:00-11:00 am

As operating businesses continue to outpace real estate as likely beneficiaries of NMTC financing, hear from the experts regarding the specific challenges of these types of projects. Learn how others are making investments in operating businesses, the different ways NMTCs are used to help operating businesses thrive in low-income communities and how the outcomes that operating businesses experience are different.

Speakers
  • Annette Stevenson, Novogradac & Company LLP (Moderator)
  • Carol Mihalic, Kutak Rock LLP
  • Merrill Hoopengardner, Advantage Capital Partners

Valuing Operating Businesses
11:00-11:50 am

Our experts will address valuing operating businesses in the context of the NMTC landscape and how they compare and contrast to real estate valuation. Topics include the various stages of a company and their effect on value. The panel will also discuss the purpose and limitations of an appraisal and the various types of appraisals used in the NMTC industry for operating businesses.

Speakers
  • Brad Weinberg, Novogradac & Company LLP (Moderator)
  • Neil Faden, Manatt Phelps & Phillips LLP
  • Kimberly Smith, Butler Snow LLP
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