Wednesday, May 4, 2011

1:00 – 5:00 PM
Become an Expert in Four Hours “Learning the Nuts and Bolts of the NMTC Program”
Professionals from Reznick’s NMTC Practice Group will turn a NMTC novice into a well versed participant in one afternoon. Multiple sessions will highlight program policies and rules, basic deal structuring, compliance risk, fee structures, reporting and today’s NMTC market conditions.

Thursday, May 5, 2011

8:00 – 9:00 AM
Networking Breakfast

9:00 – 9:15 AM
Program Overview presented by Gary Perlow, Reznick Group

9:15 – 10:00 AM
Out of the Woods?
The Great Recession may be officially over, but businesses nationwide are still reeling from its impact. Our panel of the most active investors discuss their current appetite for NMTCs, as well as their thoughts about current credit pricing, expectations and guarantees, underwriting criteria, risk profile, volume caps and where they see this market moving during the next 12-months.

10:00 –10:45 AM
The Nuances of Structuring a Deal in Today’s Market
Given a more mature industry, along with seasoned participants and more heightened competition for the credits, enhancing your; credibility in this marketplace requires an in depth understanding of the many issues that could arise at the front end of structuring a deal. Topics to be discussed include; current changes in structuring a NMTC transaction; how to address everyone’s concerns; structuring equity investments under the “reasonable expectation test”, managing the Call Price and making deals work using the Targeted Population rules.

10:45 – 11:00 AM
Networking Break

11:00 – 11:55 AM
Tax Issue Sensitivity (“tightening the belt”):
Over the past year the investor market has clearly become far more cautious in evaluating the tax aspects and implications of a pending transaction. What constitutes “true debt”? Can you comfortably operate outside of the safe harbor redemption rules? Does the one-day loan structure still hold water? What does a CDE need to produce to ensure they maintain their CDE status? Can we rely on certain Private Letter Rulings? Our panelists will address these critical questions as well as other sensitive tax issues that inevitably arise in a NMTC transaction.

12:00-1:30 PM
Networking Luncheon

1:30 – 2:20 PM
The Unwind
We are just passing the first wave of maturing NMTC transactions. With market conditions currently much different than they were when these deals were closed, how will these borrowers be able to recapitalize and pay back what they owe? How will the investor puts/calls be perfected? What are the back end tax consequences? And what are the options in the event there are no viable take out alternatives?

2:20 – 3:15 PM
Interpreting and Living within the Boundaries of a CDE’s Allocation Agreement
It’s not only important for the CDE to understand the parameters of its Allocation Agreement-- the borrower , leveraged lender and all the other players need to know the rules of the game, as these rules impact all the parties in a transaction! Learn the control requirements, types of permitted transactions, mandated reporting requirements, how to live within the spirit of the Allocation Agreement and what this means to all participants.

3:15 – 3:35 PM
Networking Break

3:35 – 4:30 PM
The Big Fix:
With so many moving parts and players in a NMTC transaction, it isn’t easy getting everyone on the same page, especially when a NMTC investment is in default. Learn what can (and can't) be done within the complex parameters of the program to present the best options for protecting everyone’s interests.

4:30 – 4:45 PM
Today’s Wrap-up and Overview of Tomorrow’s Agenda

6:00 – 10:00 PM
Join Us for our Opening Day Networking Extravaganza!

Friday, May 6, 2011

8:00 – 9:00 AM
Networking Breakfast

9:00 – 9:45 AM
A Marriage Made in Washington
Given the dizzying array of active governmental subsidy and tax credit programs currently out there, it’s becoming more common by the day to marry these programs with NMTCs to enhance a transaction. Experts in the tax exempt bond, renewable energy, historic tax credits, FHA insurance and other subsidy programs, including State NMTC programs, will share their expertise and experiences with you to show you how to make your transactions happen!

9:45 – 10:30 AM
Let's Make a Deal
It's not quite as easy as rolling the dice and hoping you hit the right CDE that fits your deal. You need to understand what type of deal will excite a CDE, whether or not your deal fits a CDE’s parameters, and, if so, how do you package, seek out and present your deal to a CDE in order to win an Allocation! Learn these tricks of the trade from seasoned industry participants.

10:30 –10:45 AM
Networking Break

10:45 –11:45 AM
Making my NMTC Application Competitive
Putting together a competitive NMTC application is not only time consuming, but requires extensive homework to make sure you understand how the application is scored, what the reviewers are weighing in their analysis and how can you profile your Organization to make sure you fit well into the boxes in the Application! This panel will walk you through some of the more difficult questions in the Application and share with you the tricks of the trade to ensure you are reading the questions correctly and providing responses in line with the CDFI Fund’s expectations.

11:45 –12:00 PM
Final Q&A and Closing Remarks