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IPED's Historic Tax Credits: The New Frontier


Presented by:

Strategic partner:

Registration Fees
$795: General
$595: Nonprofit/Gov’t/Edu

$75 Early Registration Discount through April 25

Hotel
The Blackstone Hotel
636 S. Michigan Avenue
Chicago, IL 60605
blackstonerenaissance.com

IPED has secured a limited number of rooms at a rate of $219 per night. The discounted IPED rate will be available until May 19, 2014, or when the room block has been filled—then higher rates may apply. To make your reservation in our room block, please contact the hotel directly at 1-800-266-9432 and make sure to say you are with the IPED Historic Tax Credit conference.

Continuing Education
Conference eligible for 9.5–11.0 CLE and CPE credits. Click HERE for more details.

Register Today!
You need to be here

DateJune 5-6

PlaceBlackstone Hotel, Chicago

RegisterRegister online here.

Conference Overview
The IRS guidance on Historic Boardwalk Hall (Revenue Procedure 2014-12) has been a game changer for the historic tax credit (HTC) industry. Compliance with the Safe Harbor created by the Rev. Proc. is essential to deal structuring in the HTC space. The first waves of Safe Harbor–compliant deals have closed, and the industry is wrestling with some aspects of the guidance that have proven to be difficult to apply in practice. Experienced investors, developers, and practitioners on the front lines of today’s HTC transactions will gather in Chicago to take a comprehensive look at the current environment and lessons learned from the first generation of Safe Harbor–compliant transactions, including:

  • Structure Risk. Investors now take structure risk, but what does this really mean? What can be guaranteed, and how damages for lost credits can be measured without running afoul of the Safe Harbor. How have pricing and deal terms responded to the new risk allocation?
  • Developer fees, management fees, incentive fees, lease terms, and other arrangements. They all must be reasonable compared to fees, lease terms, or other arrangements for non-HTC real estate developments. How are investors underwriting this requirement?
  • Combining HTCs with New Markets Tax Credits, Low Income Housing Tax Credits, and loans from affiliates. What is a separately negotiated, distinct economic arrangement, and how can you show it?
  • Timing and amount of capital contributions. How much must be fixed? What can be adjusted? How are phased rehabs being dealt with?
  • Flips and exits in the new environment. What are the different ways that they can be handled? Also, the issue of 50(d) income is now squarely out in the open. Where does the IRS stand on guidance?


We’ll also explore existing deal portfolios, state credit transactions, audit activity, tax reform, and other issues facing the industry as a whole.

Attending “Historic Tax Credits: The New Frontier” gives you the opportunity to connect with business and professional colleagues and explore the changing landscape of the industry. Don’t miss this premier event for cutting-edge guidance, networking, and open discussions with industry leaders. Register today. You need to be here.

Details

June 5-6, 2014

Start: 8:30 am, June 5
End: Noon, June 6

The Blackstone Hotel
636 S. Michigan Avenue
Chicago, IL 60605
www.blackstonerenaissance.com

Register online here.
Register today. Space is limited.

Questions? Contact us at 202-331-9230 or info@ipedinc.net.

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