San Francisco, CA (PRWEB) October 18, 2013
Enacted under the Tax Reform Act of 1986, the Low-Income Housing Tax Credit (LIHTC) program has funded the production and rehabilitation of more than 2.4 million rental homes. In addition to promoting affordable housing, the federal program has stimulated billions of dollars in private capital investment and supports approximately 95,000 jobs annually. While severe budget deficits and declining state resources have made the search for affordable housing financing a greater challenge, LIHTCs continue to offer the leverage needed to successfully move low-income housing developments forward and to answer the growing need for affordable housing across the nation.
Affordable housing practitioners of all experience levels will convene at Novogradac & Company LLP’s Tax Credit Housing Finance Conference held at the Mandarin Oriental in Las Vegas, Dec. 5-6, 2013. The event will serve as a forum for a wide variety of group discussions and panels, allowing attendees to network with hundreds of peers and expand their knowledge on industry updates, public policy and the very latest in LIHTC development financing.
“Given the thousands of affordable housing properties that are created each year and the millions of dollars in private investment stimulated by the LIHTC, its role in the affordable housing landscape is more important than ever,” says Michael Morrison, CPA, conference chair and partner in the San Francisco office of Novogradac & Company LLP. “This conference is sure to provide those engaged in the affordable housing industry with valuable, up-to-date insight on market changes and innovative financing strategies needed to overcome today’s challenges so they can provide economic opportunities for our nation’s most vulnerable communities.”
Expert panelists – industry veterans selected for their expertise – will lead discussions on passed and pending legislation, trends in underwriting in today’s debt and equity markets, and other hot topics such as financing green buildings, property dispositions in Year 15 and advanced compliance issues.
Attendees will have ample opportunity to network with more than 200 affordable housing professionals, including high-level investors, developers, lenders, syndicators and agency officials, during the numerous session breaks, networking luncheon and cocktail reception held on Thursday evening from 5 p.m. to 7 p.m. The two-day conference is worth 8 CPE credits.
Additionally, two pre-conference workshops LIHTC 101: The Basics and LIHTC 201: Beyond Basics will be held on Wednesday, Dec. 4 for those who are interested in learning more. Preconference workshop registration is separate and optional. Additional fees apply.
The Novogradac Tax Credit Housing Finance Conference is co-hosted by Dentons, RBC Capital Markets and Squire Sanders. Sponsors include City Real Estate Advisors, The Richman Group Inc., Enterprise, Prudential Mortgage Capital Company, Bryan Cave LLP, Hunt Companies, Stratford Capital Group, Emerald Capital Funding LLC, Affordable Housing Partners Inc., Centerline Capital Group, Polsinelli, R4 Capital Inc., WNC & Associates Inc. and Wentwood Capital Advisors.
Conference details and the complete conference agenda can be found at http://www.novoco.com/events/conferences/lihtc/2013/las_vegas/index.php.
Novogradac & Company LLP was founded in 1989, and has since grown to more than 400 employees and partners in offices in San Francisco and Long Beach, Calif.; Washington, D.C., Atlanta, Ga., Detroit, Mich., Kansas City, Mo., and Seattle, Wash. metro areas; Boston, Mass.; Austin, Texas; Dover, Columbus and Cleveland, Ohio; New York, N.Y.; Detroit, Mich.; St. Louis, Mo., and Portland, Ore. Specialty practice areas include tax, audit and consulting services for tax-credit-assisted multifamily and affordable housing, community revitalization and rehabilitation of historic properties. Other areas of expertise include military base redevelopment, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.
For more information about Novogradac & Company LLP’s Tax Credit Housing Finance Conference, please contact Rochelle Truong at (415)356-8062 or email rochelle(dot)truong(at)novoco(dot)com.