-Overview
The Intro Tax Credit Finance WebCourse examines the variety of tax credit programs and their use in economic development efforts. This course discusses the practical application of tax credits for supporting new markets, low-income housing, historic preservation, and other local goals.
From urban redevelopment and historic preservation to housing and energy infrastructure, tax credit programs exist to help communities create jobs and energize economies - yet these innovative tools tend to be underutilized. This course will reach beyond the facts and figures of each program to help attendees learn how to apply tax credits successfully to development opportunities.
This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
Course Objectives
- Learn about the application of state and federal tax credit programs
- Hear from leading tax credit professionals from around the country
- Review best practices and case studies that can be implemented in your community
- Gain a greater understanding of the partnership opportunities in the tax credit industry
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Topics Covered
- New Markets Tax Credit Program
- Historic Preservation Tax Incentive Program
- Low Income Housing Tax Credit Program
- Innovative state tax credit programs
- Federal energy tax credit programs
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Who Should Attend?
- Bond issuers
- Economic development professionals
- Community development professionals
- Elected officials
- Government and nonprofit finance officers
- Corporate trustees
- Legal counsel
- Underwriters
- Commercial bankers
- Accountants
- Financial advisors
- Policymakers
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Course Advisor
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Toby Rittner
Council of Development Finance Agencies
President & CEO
Toby Rittner is the President & CEO of Council of Development Finance Agencies (CDFA), a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation’s leading and most ... knowledgeable members of the development finance community representing hundreds of public, private and non-profit development finance agencies. Mr. Rittner runs the day-to-day operations of the Council including the organization’s various educational, advocacy, research, resources, and networking initiatives. He also serves as the Chairman of the Board of Directors for the CDFA Foundation.
Rittner is one of the most vocal and recognized leaders of the development finance industry nationwide and has advised local, state, and federal leaders, including Presidents Biden and Obama, on economic development finance policy. Through his leadership and guidance, CDFA was successful in preserving private activity bonds and other critical development finance tools during the 2017 tax reform deliberations and has had numerous pieces of legislation introduced in the United States Congress. In 2021, Rittner successfully led a national effort to reauthorize and fund the $10B State Small Business Credit Initiative (SSBCI) program as part of the American Rescue Plan Act. He has written and crafted dozens of strategic finance plans for development finance agencies and advised communities through the world on development finance approaches.
Rittner focuses on sustainable finance with an emphasis on infrastructure, clean energy, food systems, small business, and innovations in the development finance industry to drive sustainable outcomes. He has written extensively about impact ready initiatives that leverage and engage capital in ways that drive local sustainability in business and industry and the environment and economy.
Rittner is a frequent speaker at local, state, and national conferences and events focused on economic development finance. He has been featured in The Bond Buyer, Wall Street Journal, Bloomberg, NPR and other national media publications concerning the advancement of development finance tools. He is the author of CDFA's highly acclaimed Practitioner's Guide to Economic Development Finance and co-author of CDFA's Unlocking Capital: A Handbook for Becoming a High Performing Development Finance Agency.
Rittner is an adjunct faculty member at The Ohio State University and Carnegie Mellon University. He is also a Development Finance Certified Professional (DFCP) and has completed the prestigious Oxford University Sustainable Finance Foundation Course.
Mr. Rittner previously served on the U.S. Environmental Protection Agency’s Environmental Financial Advisory Board and is a member of the Advisory Board for the National Community Fund I. Mr. Rittner holds a Bachelor of Arts in Political Science and a Master's of City and Regional Planning degree from The Ohio State University. Mr. Rittner was awarded the Ohio State University College of Engineering Distinguished Alumnus Award in 2016. (More)
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-Agenda
Day 1
| 12:00 PM - 12:15 PM |
Welcome & Overview
Welcome to the course! This session will introduce CDFA, explain how to use the online software, and discuss the framework for the two-day Intro Tax Credit Finance Course.
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| 12:15 PM - 1:45 PM |
Introduction to Tax Credits
During this introductory session, attendees will learn about the basics of tax credit finance. Various tax credit programs exist from urban redevelopment and historic preservation to housing and high tech infrastructure, to help communities create jobs and energize their economies and yet these innovative tools remain underutilized throughout the country.
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| 1:45 PM - 2:00 PM |
Break
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| 2:00 PM - 3:15 PM |
Historic Preservation Tax Incentive Program
Rehabilitation tax credits were established to discourage unnecessary demolition of older buildings and to slow capital flight from older urban areas. This incentive offers a credit against total federal taxes owed, which is taken for the year in which the renovated building is put into service. During this session, attendees will learn how this valuable program can reinvigorate historic communities in a cost-effective and investment-friendly manner.
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| 3:15 PM - 3:30 PM |
Break
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| 3:30 PM - 5:00 PM |
Low-Income Housing Tax Credit Program
Congress created the Low Income Housing Tax Credit (LIHTC) in 1986 to promote the construction and rehabilitation of housing for low-income persons. During this session, attendees will learn the basics of the LIHTC program and how to implement this tool in their community.
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| 5:00 PM |
Adjourn
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Day 2
| 12:00 PM - 12:15 PM |
Overview of Day 1
The first day of the Intro Tax Credit Finance Course focused on the basics of tax credit financing. At the start of Day 2, we will review important terms and set the stage for the remaining sessions focused on the more technical aspects of tax credits.
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| 12:15 PM - 1:45 PM |
New Markets Tax Credit Program
The New Markets Tax Credit (NMTC) was created to address the lack of capital available to business and economic development ventures in low income communities. The NMTC provides the incentive of a federal tax credit to individuals or corporations that invest in Community Development Entities (CDEs) working in targeted low income communities. This session will include experienced New Markets practitioners who will cover the basics of the NMTC program, how investors, developers, CDCs, and other project sponsors view NMTC, and regulator issues to keep your project in compliance.
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| 1:45 PM - 2:30 PM |
Federal Tax Credits for Energy Projects
Tax credit programs exist to help advance the development of clean energy and energy efficiency infrastructure. This session will provide an update on different federal tax credits available for driving investment and encouraging economic development in this sector.
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| 2:30 PM - 2:45 PM |
Break
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| 2:45 PM - 3:45 PM |
State Tax Credit Programs for Economic Development
Every state has at least one tax credit program and many employ a package of diverse tools to address niche industry financing needs. However, several of these programs have been scrutinized, and many states are now restructuring or eliminating their tax credit programs. This session will cover what a quality state tax credit program should include, and will look at a few of the innovative tax credit programs currently being used across the country.
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| 3:45 PM - 5:00 PM |
Tax Credits as a Source of Gap Finance
By design, Federal tax credit programs were created to advance a national policy objective. The implementation of the programs, however, occurs at the local level through individual projects that are rarely undertaken with only one goal in mind. The resulting question for practitioners is how and when these tools can be employed tactically to advance local objectives. In many instances, the tax credits are used only after other options have failed. This session provides an overview for practitioners of the basics of financial gap analysis and how tax credits can fill this gap.
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| 5:00 PM |
Adjourn
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-Location
The Intro Tax Credit Finance WebCourse will take place on Zoom. The course will meet each day from 12:00-5:00 PM Eastern. Attendees must have access to a computer and the internet to attend the course.
-Registration
This training course qualifies for the CDFA Training Institute's
Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
Scholarships are available to attend this event. Learn more about the
CDFA Scholarship Program,
and submit your application today.
CDFA permits only one person to login and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate the connection and access. CDFA offers group discounts for organizations that wish to register multiple people.
Register by _____ for Early Bird Rates.
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CDFA Member: $550
Non-Member: $825
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CDFA Member: $600
Non-Member: $875
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