Experts to Discuss How NMTC Extension Enables Long-Term Investment Plans

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Treasury’s Acting Assistant Secretary for Financial Institutions Amias Gerety, CDFI Fund Director Annie Donovan to Deliver Keynote for Novogradac NMTC Conference

Extension of the New Markets Tax Credit (NMTC) program through 2019 has set the stage for industry practitioners to make longer-term investment plans with greater confidence. Community development opportunities and challenges will be addressed by Amias Gerety, the U.S. Department of the Treasury’s Acting Assistant Secretary for Financial Institutions, and Annie Donovan, director of the Community Development Financial Institutions (CDFI) Fund, during their keynote speeches June 2 and 3 at the Novogradac 2016 Spring New Markets Tax Credit Conference in Washington, D.C.

“We’re happy to announce Amias Gerety and Annie Donovan as our keynote speakers for the 2016 Spring New Markets Tax Credit Conference,” said Nicolo Pinoli, CPA, conference chairman and partner at Novogradac & Company LLP’s Portland, Ore., office. “Attendees will have the chance to hear Amias and Annie’s insights on the future of the NMTC program and the continued availability of this effective capital source for low-income communities.”

Gerety oversees Treasury Department programs that include the CDFI Fund. He was previously the Deputy Assistant Secretary for the Financial Stability Oversight Council and senior advisor to the Assistant Secretary for Financial Institutions. He joined Treasury in 2009 before being nominated by President Barack Obama to serve as Assistant Secretary in 2015.

Donovan, as the CDFI Fund’s director, administers community development programs, such as the NMTC, the CDFI program, the CDFI Bond Guarantee program and the Capital Magnet Fund program. Before joining the CDFI Fund, Donovan was chief executive officer of CoMetrics, senior policy advisor to the White House and chief operating officer of Capital Impact Partners.

The Novogradac 2016 Spring New Markets Tax Credit Conference will be June 2 and 3 at the Renaissance Washington, D.C., Downtown Hotel.

The two-day event will feature a double-track agenda with panel topics on getting to a successful closing, avoiding recapture and more. In addition, there will be two pre-conference workshops June 1, NMTC 101: The Basics and NMTC 201: NMTC Compliance.

The conference is co-hosted by BakerHostetler, Bank of America Merrill Lynch, CapitalOne Commercial Banking, Chase, Dentons, Husch Blackwell, Nixon Peabody, Squire Patton Boggs, U.S. Bank and Wells Fargo. Sponsors include First NBC Bank, Holland & Knight, National Trust Community Investment Corporation, Dudley Ventures, Barnes & Thornburg LLP, Kutak Rock LLP, Greenline Ventures, Smith NMTC Associates, SunTrust, Blank Rome, Bryan Cave, Enterprise, Ginsberg Jacobs LLC, Lathrop & Gage LLP, Mannatt Phelps & Phillips LLP, Stinson Leonard Street, Citi Community Capital, Perkins Coie, PNC Bank, Strategic Development Solutions, Twain Financial Partners and Law Office of Mark D. Foster. An exhibitor is Ariel Ventures LLC.

Conference details and the complete conference agenda can be found at
http://www.novoco.com/events/conferences/nmtc/2016/washington/index.php.

About Novogradac & Company LLP
Novogradac began operations in 1989 and has since grown to more than 500 employees and partners with offices in San Francisco, Walnut Creek and Long Beach, Calif.; Dover, Columbus and Cleveland, Ohio; St. Louis; Boston; New York; Chicago; Austin, Texas; Portland, Ore.; Naples, Fla., Raleigh, N.C.; Iselin, N.J.; and the greater metropolitan areas of Philadelphia; Washington, D.C.; Atlanta; Detroit; Kansas City, Mo.; and Seattle.

Specialty practice areas include tax, audit and consulting services for tax-credit-assisted affordable housing, community revitalization, rehabilitation of historic properties and renewable energy. Other areas of expertise include business valuation, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.

For more information about the Novogradac 2016 Spring New Markets Tax Credit Conference, please contact the Events Desk at (415) 356-7970 or by email at events(at)novoco(dot)com.

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