2010 Real Estate Update

Once again, Reznick Group has assembled an outstanding group of industry leaders to address the critical issues facing today’s affordable housing. Co-sponsored by Nixon Peabody LLP, the highly topical agenda includes a 101 Tax Credits Workshop, an in-depth discussion of the most significant legislative and policy changes, and what it will mean to the LIHTC program, as well as HUD updates and financing opportunities discussions in Puerto Rico.

This conference offers a dynamic venue for industry professionals to come together for learning and sharing critical new insights and strategies for navigating and succeeding in a rapidly changing real estate environment. Discuss today’s most topical issues and challenges with developers, institutional investors, mortgage originators, service providers, contractors, community and local government officials, and others.

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Conference Agenda

 


Wednesday, December 15 2010

 

1:00 PM – 2:00 PM Registration
2:00 PM – 3:30 PM Tax Credits 101 Pre-conference, Laying the foundation: the basic rules governing today’s housing tax credit projects
Learn about the major developments from the IRS, the states, and other agencies governing use of low-income housing tax credits in this preconference afternoon panel.

  • How housing tax credits fit into the development, timing, and financing of your project
  • Key players and typical transaction structures
  • Credit allocation at the state level, including qualified allocation plans, project evaluations, set-asides, and more
  • How to calculate the amount of the tax credit
  • Determining credits for acquisition with rehabilitation
  • Compliance requirements, extended use, and recapture

3:30 PM – 3:45 PM Networking Break
3:45 PM – 5:15 PM Laying the Foundation (continued)
5:15 PM – 6:00 PM Networking Reception


Thursday, December 16

 

8:00 AM – 9:00 AM Registration and continental Breakfast
9:00 AM – Noon Washington update An in depth discussion of the most significant legislative and policy changes in 20 years and what it will mean to the Low Income Housing Tax Credit program and the preservation of the nation’s affordable housing portfolio.
9:00 AM – 10:30 AM Part I – Review of the Recovery Act, the Tax Credit Exchange Program

  • A basic overview of the changes to the LIHTC, including “TCAP” and “Exchange” Programs
  • How changes to the LIHTC program affect the marketplace
  • Structuring deals in an evolving equity and debt environment
  • Federal law changes – efforts to encourage investment

10:30 AM – 10:45 AM Networking Break
10:45 AM – 12:00 AM Part II – New Initiatives on Capitol Hill and at HUD

  • Section 8 renewal changes and HUD’s “TRA” (Transforming Rental Assistance) initiative
  • Affordable Housing Preservation Legislation—New tools to recapitalize your HUD property
  • Repositioning Section 8 properties with bonds and LIHTCs
  • Examining HOME, Community Development Block Grants and Neighborhood Stabilization Programs
  • Potential to convert RAP and Rent Supp to Section 8

12:15 PM – 1:30 PM Keynote Luncheon – Secretary Miguel Hernandez Vivoni
1:30 PM – 2:30 PM Equity financing in Puerto Rico and the Virgin Islands

  • Doing LIHTC deals in Puerto Rico – local trends and analysis
  • Investor requirements in Puerto Rico and how they compare nationally
  • Panelists will forecast future business trends for the LIHTC in Puerto Rico

2:30 PM – 3:45 PM Year 15 exit Strategies for the Low Income Housing Tax Credits Transaction

  • Panelists will discuss current exit strategies and issues
  • How to get out of expiring tax credit deals
  • Extended use restrictions and how they effect ongoing operations
  • Market rate conversions

3:45 PM – 4:00 PM Networking Break
4:00 PM – 5:00 PM Recapitalizing and Preserving Section 236, Section 202, and Section 515 projects

  • HUD’s policies on increasing rents and distributions in preserving these aging properties
  • Impact of flexible subsidy loans and other HUD debt in your deal
  • Nonprofit sales proceeds
  • Changes and updates in subsidy layering
  • Trends and tax credits

5:30 PM – 7:30 PM Welcome Reception 


Friday, December 17

 

8:00 AM – 9:00 AM Continental Breakfast
9:00 AM – 10:00 AM “Other” Tax Credits and Green Finance

  • Combining new markets with housing and credits
  • Combining historic with housing tax credits
  • Solar tax credits and energy efficiency grant programs
  • Using new markets credits to finance lenders and equity investors

10:00 AM – 10:15 AM Networking Break
10:15 AM – 11:30 AM Innovative Finance Strategies

  • Capital Markets Discussion-general trends
  • Loan closings and FHA developments
  • Asset dispositions
  • Workouts and partial payment of claims