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Historic Tax Credit Conference TAKE CONFERENCE SURVEY

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The Novogradac Historic Tax

Credit Conference brought

together hundreds of the most

forward-thinking practitioners

in the industry to discuss

how to maximize investment

outcomes. As HTC investor

appetite continues to increase,

along with opportunities for

success and innovation, it is

imperative for newcomers

and experienced players to

access expert insight and

forge new partnerships to

gain a competitive edge in the

historic rehabilitation market.

Owen Gray

Conference Chairman

Novogradac & Company LLP

Demographics & DataIndustry Role

Professional Title

Top 5 States

1% Government/Housing Agency

1% Shareholder

1% Property/Asset Management

Syndication

Historic Preservation

Principal

Consulting

CEOCFO

Lending3% Other Affordable Housing

Accounting

Development

Banking/Investing

Law

President

Associate

Senior VP

Manager

Director

VP

Partner

7%

16%

11%

Ohio13%

23%

19%

17%

12%

9%

6%

5%4%

18%

14%

12%12%

10%

10%

9%

7%4%

3%

California10%

Louisiana14%

Missouri14%

Texas9%


1% Shareholder


Syndication


Principal

Consulting

CEOCFO


Accounting

Development

Banking/Investing

Law

President

Associate

Senior VP

Manager

Director

VP

Partner

7%

16%

11%

Ohio13%

23%

19%

17%

12%

9%

6%

5%4%

18%

14%

12%12%

10%

10%

9%

7%4%

3%

California10%

Louisiana14%

Missouri14%

Texas9%


1% Shareholder


Syndication


Principal

Consulting

CEOCFO


Accounting

Development

Banking/Investing

Law

President

Associate

Senior VP

Manager

Director

VP

Partner

7%

16%

11%

Ohio13%

23%

19%

17%

12%

9%

6%

5%4%

18%

14%

12%12%

10%

10%

9%

7%4%

3%

California10%

Louisiana14%

Missouri14%

Texas9%






NetworkingThe conference luncheon and reception are always a who’s who of the historic rehabilitation industry. Professionals from more than 200 companies gathered to discuss session highlights and share industry solutions with peers, while reconnecting with old colleagues and generating new business.

Novogradac Journal of Tax Credits Historic Rehabilitation AwardsThe awards ceremony, presented by the Novogradac Journal of Tax Credits, honored three development teams for their innovative use of the historic tax credit. Winners included Geis Companies for The 9, Wallick-Hendy Development Company LLC for The Landings at Maysville High School and Alembic Community Development for the Myrtle Banks Building.






EducationWe curated an expansive educational experience, featuring new panels, case studies and interactive learning groups. Guided by nearly 50 thought leaders, attendees learned the strategic and analytical techniques needed to secure financing and optimize their transaction in the current HTC market.

TAKE CONFERENCE SURVEY

HTC 101: The BasicsThis workshop provided a step-by-step tutorial to understand the HTC program. Experts focused on topics newcomers need to know to thrive, including an overview of program criteria and case studies examining the application process.

TAKE WORKSHOP SURVEY

State Historic Tax Credit WorkshopThis new workshop was a hit among conference attendees. Experts provided technical and strategic insight into leveraging state HTCs with federal credits, an increasingly effective way to financing HTC transactions.

TAKE WORKSHOP SURVEY




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Conference Agenda At-A-Glance with PresentationsThursday, Sept. 17, 20159–9:15 a.m.Welcome

9:15–10:15 a.m.Washington Wire

Download Presentation

10:15–10:30 a.m.Break

10:30–11:45 a.m. Treatment of Section 50(d) Income


11:45 a.m.–NoonNovogradac Journal of Tax Credits Historic Rehabilitation Awards

Noon–1:30 p.m.Luncheon

BREAKOUT SESSION 1

1:45–2:45 p.m. Small HTC Investments

3–3:50 p.m. GAAP Accounting for HTC


4–4:50 p.m. Rehabilitation Success Stories


BREAKOUT SESSION 2

1:45–2:45 p.m. Market Testing in a Post Rev. Proc. 2014-12 Structure

3–3:50 p.m. HTC and State Tax Credits Case Study

4–4:50 p.m. NMTC and HTC Case Study


Friday, Sept. 18, 2015

9–10:15 a.m. Current HTC Structures


10:30–11:30 a.m. Working with NPS and SHPOs





http://www.novoco.com/events/conferences/htc/2015/san_antonio/presentations/fri_htc_structures.pdf

http://www.novoco.com/events/conferences/htc/2015/san_antonio/presentations/thu_4pm_nmtc_htc.pdf

http://www.novoco.com/events/conferences/htc/2015/san_antonio/presentations/thu_4pm_rehab.pdf

http://www.novoco.com/events/conferences/htc/2015/san_antonio/presentations/thu_3pm_gaap.pdf

http://www.novoco.com/events/conferences/htc/2015/san_antonio/presentations/thu_1030am_50d.pdf

http://www.novoco.com/events/conferences/htc/2015/san_antonio/presentations/thu_washington_wire.pdf

http://www.novoco.com/events/conferences/htc/2015/san_antonio/presentations/fri_nps_shpos.pdf



Thank You to Our Co-Hosts and Sponsors

Sponsors

Co-Hosts




S A V E T H E D A T E

NovogradacHistoric Tax Credit ConferenceSept. 21-22, 2016Renaissance Cleveland HotelConference information and registration forthcoming


Historic Tax Credit Conference TAKE WORKSHOP SURVEY

HTC 101: The Basics AttendeesOla Assem, Cleopatra Inc.Tom Boman, Novogradac & Company LLPFrank Buss, Novogradac & Company LLPSteve Caywood, Chevron CorporationRoy Chou, Novogradac & Company LLPSaad Chowdhury, Bay Bridge ManagementShelly Cleveland, BOKF NABrian Confrey, Ernst & YoungMarilyn De La Pena, Prairie Fire Development GroupJohn DeJovine, Novogradac & Company LLPBrian Dewald, Prairie Fire Development GroupCurt Dwyer, Amerimar Realty CompanyBradley Egenberg, Egenberg APLCTodd Elliot, First NBC BankSarah Franatovich, LaPorte CPAs & Business AdvisorsTiffany French, Novogradac & Company LLPErik Geho, Capital One BankTaylor Gray, Bass Berry & Sims PLCKatherine Groves, Capital Impact PartnersDrew Hammond, U.S. Bancorp Community Development

CorporationTammy Hinds, LA Dept of RevenueAlex Holverson, Churchill Stateside Group LLCBrent Humphries, Bay Bridge Management LLCGrant Keebler, Keebler & Associates LLPKevin Krueger, BOKF NAMike Kwiatkowski, PNC BankMichael LaBelle, CliftonLarsonAllen

Thomas Lapka, Mallory Lapka Scott & Selin PLLCEllie Leaf, Ryan LLCLuke Lechler, Kennedy Sutherland LLPChip Leyens, Baker DonelsonCleophas Miller, U.S. Bancorp Community Development

CorporationAlma Navarro, International Bank of CommerceQuynh Nguyen, Capital One BankShahrukh Paracha, Bay Bridge ManagementLori Pittman, Ulmer & Berne LLPKerry Roets, Anton Collins Mitchell LLPGary Romer, Dixon Hughes Goodman LLPKris Saddoris, Hubbell Realty CompanyWarren Sebra, Novogradac & Company LLPRichard Seges, Housing Authority of the City of El PasoChristine Sheridan, Novogradac & Company LLPGordon Short, Global XMolly Stanga, Coats RoseMicah Stewart, LaPorte CPAs & Business AdvisorsJulie Treppa, Coblentz Patch Duffy & Bass LLPDustin Van Deman, Munsch Hardt Kopf & Harr PCSarah Wales, Weinstein Nelson Management LLCKristin Walker Boose, Ulmer & Berne LLPDoug Williams, Maynard Cooper & Gale PCAustin Wyker, Munsch Hardt Kopf & Harr PC



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Historic Tax Credit Conference TAKE WORKSHOP SURVEY

State Historic Tax Credit Workshop AttendeesYajaira Adame, Novogradac & Company LLPLisa Albers, BOKF NAIrina Antonache, Moss Adams LLPChristina Apostolidis, Novogradac & Company LLPCathleen Beauchamp, Symetra Financial Corp.Kelly Bissinger, Vorys Sater Seymour And Pease LLPJohn Bowman, Foss & CompanyEric Brubaker, Foss & CompanyMichael Camden, Ryan LLCMarie Cervay, Novogradac & Company LLPSteven A. Christian, Christian & Denaburg PCShelly Cleveland, BOKF NAMarco Cordova, EP Financial Solutionsjane covington, Jane Covington RestorationKelli Cunningham, Moss Adams LLPRoger Denny, Spencer Fane Britt & Browne LLPGary Elkins, Elkins PLCRobert Espeland, U.S. Bancorp Community Development

CorpoartionPhilip Estep, Historic Equity Inc.David Estrada, Moss Adams LLPJodie Fish, Novogradac & Company LLPSharon Fleming, Texas Historical CommissionJustin D. Flurry, Christian & Denaburg PCMandy Gagliardi, Chaffe McCall LLPPhill Geheb, Munsch Hardt Kopf & Harr PCWilliam Gerhardt, Padgett Stratemann & Co.Dave Graff, Novogradac & Company LLPTracey Gunn, U.S. Bancorp Community Development

CorporationMatthew Guymon, Twain Financial PartnersSarah Hanauer, Elkins PLCNick Hoehn, Novogradac & Company LLPJohn Hoffman, Baker Tilly Virchow KrauseTony Johnson, Heritage Preservation LLCNorman Jones III, Winthrop & Weinstine PA

Jonathan Katz, Jones Walker LLPJason King, IronRock Investments LLCTrent Kleist, Baker Tilly Virchow Krause LLPMichael Kressig, Novogradac & Company LLPWhitney LaNasa, Stonehenge Capital Company LLCKent LaPlace, Louisiana Department of RevenueJosh Lederer, Fallbrook Credit FinanceEvan Lewis, U.S. Bank Community Development

CorporationChristopher Luken, BakerHostetler LLPPaul Lynch, Sugar Creek CapitalValerie Magolan, Texas Historical CommissionHampton Mallis, Sugar Creek CapitalMike Marsh, Marsh & Company PAKevin McLain, Winthrop & WeinstineMatt Meeker, Novogradac & Company LLPSteve Mount, Squire Patton Boggs (U.S.) LLPRonnie Nipper, Tower Life Insurance CompanyChristina Novotny, BakerHostetler LLPHenry O’Connor, Jones WalkerMatthew Pollock, Novogradac & Company LLPAlbert Rex, MacRostie Historic Advisors LLCRichard Roth, Roth Law Firm LLCMarsha Ruddle, CASTOJenny Schmidt, The Law Office of Jennifer W.Schmidt

LLCPaul Selid, Wiggin Properties LLCJesse Sitz, Baird Holm LLPTroy Villa, Breazeale Sachse Wilson LLPNathan Ware, BakerHostetler LLPMatt Whalen, Stonehenge Capital Company LLCChuck Wiggin, Wiggin Properties LLCHaley Wilcox, Heritage Consulting GroupMike Wolf, EHCP Manager LLCPatrick Wolf, EHCP Manager LLCBen Zachry, Tower Life Insurance Company



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Conference AttendeesTKenneth Abney, Carr Riggs & Ingram LLCJerrold Abrahams, ORIX USAYajaira Adame, Novogradac & Company LLPLisa Albers, BOKF NAJerome Allen Breed, Bryan Cave LLPIrina Antonache, Moss Adams LLPChristina Apostolidis, Novogradac & Company LLPOla Assem, Cleopatra Inc.Melissa Bach, Cushman & Wakefield Western Inc.George Barry, Foss And CompanyRandy Bartholomew, National Trust Community

Investment Corp. (NTCIC)Cathleen Beauchamp, Symetra Financial Corp.Renee Beaver, Novogradac & Company LLPBrian Beck, Rosenblum Goldenhersh PCJonathan Beck, Alexander CompanyDavid Beidler, National Trust Community Investment Corp.

(NTCIC)Daniel Bergrin, global XAlex Bernard, Novogradac & Company LLPMichael Bernier, Ernst & YoungAndy Bezouska, Baker Tilly Virchow KrauseSatish Bhaskar, Housing Authority of the City of El PasoKelly Bissinger, Vorys Sater Seymour and Pease LLPDennis Blackman, Blackman & AssociatesEric Blades, Novogradac & Company LLPDan Blocher, U.S. Bancorp Community Development

CorporationSteve Bloomfield, Bloomfield/SchonInvestmentsCatherine Blume, Enhanced Capital Partners LLCTom Boccia, Novogradac & Company LLPTom Boman, Novogradac & Company LLPJohn Bowman, Foss & CompanyJoseph Bredehoft, Husch Blackwell LLPMichael Brehm, Squire Patton Boggs (U.S.) LLPDavid Brenner, Husch Blackwell LLPJohn Brocklehurst, Forest City Residential Inc.Kevin Brokaw, Geis 1010 - Rotunda LLCGeorge Brower, Tax Credit CapitalRobin Brown, City of ClevelandSuzanne Brown, National Trust Community Investment

Corp. (NTCIC)Eric Brubaker, Foss And Company

Dan Budihardjo, Kantor Taylor Nelson Evatt & Decina PCJon Burckin, Enhanced Capital Partners LLCSusan Burkenstock, Elkins PLCFrank Buss, Novogradac & Company LLPScot Butcher, Tax Incentive Finance LLCBrad Calloway, First NBC BankLaura Carroll, Coats RoseSteve Caywood, Chevron CorporationMarie Cervay, Novogradac & Company LLPMichael Chesler, MainStreet America FundAnn Chiacchieri, Holland & Knight LLPRoy Chou, Novogradac & Company LLPSaad Chowdhury, Bay Bridge ManagementMegan Christensen, Manatt Phelps & Phillips LLPSteven A Christian, Christian & Denaburg PCRick Chukas, NGP Capital LLCGerald Cichon, Housing Authority of the City of El PasoGregory Clements, Novogradac & Company LLPShelly Cleveland, BOKF NAAbby Cohen, Novogradac & Company LLPMarc Cohen, CohnReznickJohn Cole, Novogradac & Company LLPSteve Colunga, Alamo Community GroupBrian Confrey, Ernst & YoungRobert Coon, KUTAK ROCK LLPMarco Cordova, EP Financial SolutionsMichael Corso, Kingston Capital Group LLCJane Covington, Jane Covington RestorationMichael Craven, Enhanced Capital Partners LLCKelli Cunningham, Moss Adams LLPKevin Czerwonka, global XEric Darling, Carlisle Tax Credit AdvisorsJim Darling, Carlisle Tax Credit AdvisorsMarilyn De La Pena, Prairie Fire Development GroupJim DeBellis, Flaherty Salmin LLPJoseph Dedek, Churchill Stateside Group LLCRon DeGrandis, McGladrey LLPJohn DeJovine, Novogradac & Company LLPRobin Delmer, State Tax Credit ExchangeScott DeMartino, Bryan Cave LLP






Conference AttendeesAdam Dembowitz, Cushman & Wakefield Western Inc.Roger Denny, Spencer Fane Britt & Browne LLPBrian Dewald, Prairie Fire Development GroupKady DeWees, State Tax Credit ExchangeMark Diachok, PNC BankAllison Domson, Williams MullenBob Dorfman, Dorfman CapitalMeg Douglass, First NBC BankMichael Dubansky, National Trust Community Investment

Corp. (NTCIC)Ben Dupuy, Enhanced Capital Partners LLCCurt Dwyer, Amerimar Realty CompanyBradley Egenberg, Egenberg APLCGary Elkins, Elkins PLCGeoff Elkins, Elkins PLCTodd Elliot, First NBC BankBrad Elphick, Novogradac & Company LLPRobert Espeland, U.S. Bancorp Community Development

CorporationPhilip Estep, Historic Equity Inc.David Estrada, Moss Adams LLPHal Fairbanks, HRI PropertiesTom Fantin, Novogradac & Company LLPNathan Felker, Walter | Haverfield LLPMelissa Ferchill, MCM Company IncKurt Fiehler, Husch Blackwell LLPDaphne Fified, Carlisle Tax Credit AdvisorsJodie Fish, Novogradac & Company LLPEdgar Flagg, Baker Tilly Virchow Krause LLPJustin D. Flurry, Christian & Denaburg PCMike Fowler, Affordable Housing Partners Inc.Sarah Franatovich, LaPorte CPAs & Business AdvisorsTiffany French, Novogradac & Company LLPWill French, Enhanced Capital Partners LLCTim Frens, Plante & Moran PLLCMandy Gagliardi, Chaffe McCall LLPKathleen Galvan, National Trust Community Investment

Corp. (NTCIC)Phill Geheb, Munsch Hardt Kopf & Harr PCErik Geho, Capital One BankLance Gilliam, Waterman Steele Real Estate AdvisorsKeith Gloeckl, Churchill Stateside Group LLCScott Graber, Gershman Investment Corp.Dave Graff, Novogradac & Company LLP

Glenn Graff, Applegate&Thorne-Thomsen PCBob Graham, PolsinelliOwen Gray, Novogradac & Company LLPTaylor Gray, Bass Berry & Sims PLCMichael Grote, Alembic Community DevelopmentKatherine Groves, Capital Impact PartnersTom Guinan Jr., Cantale Guinan Capital AdvisorsTracey Gunn, U.S. Bancorp Community Development

CorporationMatthew Guymon, Twain Financial PartnersAndrew Ham, Urban Trust CapitalMichael Hamburg, Twain Financial PartnersScott Hammel, Husch Blackwell LLPDrew Hammond, U.S. Bancorp Community Development

CorporationSarah Hanauer, Elkins PLCLaurel Hearn, Enhanced Capital Partners LLCHolly Heer, Barnes & Thornburg LLPSteve Heller, Kasper Mortgage Capital and Tax Credit

FinanceDave Herdlick, Rubin Brown LLPAnn Hered, Butler Snow LLPJanice Hetland, Lathrop & Gage LLPTed Hickey, Holland & Knight LLPLee Higgins, Tax Incentive Finance LLCBrandon Hill, Fusion Advisory Services LLCTammy Hinds, LA Dept of RevenueBill Hinga, Wallick CommunitiesThane Hodson, Butler Snow LLPNick Hoehn, Novogradac & Company LLPJohn Hoffman, Baker Tilly Virchow KrausePaul Hoffman, CityScape Capital GroupAlex Holverson, Churchill Stateside Group LLCCarol Hough, Novogradac & Company LLPGary Howe, AEGON USA Realty AdvisorsAnna Hudson, Yndo UrbanBrent Humphries, Bay Bridge Management LLCBryan Hung, Novogradac & Company LLPNick Ives, Novogradac & Company LLPKandi Jackson, National Trust Community Investment

Corp. (NTCIC)Robert Jacobs, RCJ Consulting LLC






Conference AttendeesAnnie Jenkins, Plante MoranChris Johnson, The Monument CompaniesTony Johnson, Heritage Preservation LLCNorman Jones III, Winthrop & Weinstine PAThomas Kasper, Kasper Mortgage Capital and Tax Credit

FinanceJonathan Katz, Jones Walker LLPMichele Kauffman, Cushman & Wakefield Western Inc.Grant Keebler, Keebler & Associates LLPTami Keller, PolsinelliPatrick J. Kennedy Jr., Kennedy Sutherland LLPAndrea Killeen, Novogradac & Company LLPNikolas Killian, Fifth Third CDCIngrid Kim, AIGBlair Kincer, Novogradac & Company LLPJason King, IronRock Investments LLCTrent Kleist, Baker Tilly Virchow KrauseBrandon Kline, Geis CompaniesAmy Kotzbauer, ASK Consulting Services LLCMike Kressig, Novogradac & Company LLPKevin Krueger, BOKF NAGareth Kuhl, Kuhl & Grant LLPMike Kwiatkowski, PNC BankMichael LaBelle, CliftonLarsonAllenPatrick Laborde, Stonehenge Capital Company LLCKimberly Laird, Bank of America Merrill LynchWhitney LaNasa, Stonehenge Capital Company LLCNadia Lanter, Sugar Creek CapitalThomas Lapka, Mallory Lapka Scott & Selin PLLCKent LaPlace, Louisiana Department of RevenueShawn Larson, CHASEJoshua Lavrinc, Callay Capital LLCPeter Lawrence, Novogradac & Company LLPEllie Leaf, Ryan LLCSteven LeBlanc, Stonehenge Capital Company LLCLuke Lechler, Kennedy Sutherland LLPJosh Lederer, Fallbrook Credit FinanceMackenzie Ledet, Stonehenge Capital Company LLCJonathan Leit, Alembic Community DevelopmentJaime LeMaire, Novogradac & Company LLPAmelia Lewis, Thompson Coburn LLP

Evan Lewis, U.S. Bank Community Development Corporation

Chip Leyens, Baker DonelsonClark Lloyd, Nationwide InsuranceKelly Longwell, Coats RoseMary Lovett, Ulmer & Berne LLPChristopher Luken, BakerHostetler LLPDavid Lutz, Stinson Leonard Street LLPPaul Lynch, Sugar Creek CapitalLisa Lyons, Carlisle Tax Credit AdvisorsWilliam MacRostie, MacRostie Historic Advisors LLCHampton Mallis, Sugar Creek CapitalJack Mans, Foss And CompanyMike Marsh, Marsh & Company PAChris Martiner, State Tax Credit ExchangeMatt Masiel, Stonehenge Capital Company LLCChristopher Massey, Stinson Leonard Street LLPJason Maus, Stinson Leonard Street LLPKate McAnnar, U.S. Bancorp Community Development

CorporationSteven McCandless, Husch Blackwell LLPShane McCarthy, Enhanced Capital Partners LLCGreg McIntosh, Affordable Housing Partners Inc.Kevin McLain, Winthrop & WeinstineHarris Meaux, PMLMatt Meeker, Novogradac & Company LLPJeff Meier, Clark Nuber PSMiriam Merari, Dorfman CapitalForrest David Milder, Nixon Peabody LLPCleophas Miller, U.S. Bancorp Community Development

CorporationRandall Minor, Maynard Cooper & Gale PCJordan Monsour, Butler Snow LLPRichard Montgomery, Enhanced Capital Partners LLCMike Moses, global XSteven Mount, Squire Patton Boggs (U.S.) LLPJohn Murphy, Foss And CompanyPaul Nadin, McGladrey LLPTom Nelson, Kantor Taylor Nelson Evatt & Decina PCMatt Newman, Ross GroupQuynh Nguyen, Capital One Bank






Conference AttendeesPeter Noonan, Commerce BankJacob Norris, Consortium Structured Investments LLCPaul Norris, Consortium Structured Investments LLCMichael Novogradac, Novogradac & Company LLPChristina Novotny, BakerHostetler LLPHenry O’Connor, Jones Walker LLPThomas Oldenburg, U.S. Bancorp Community

Development CorporationRobert Olson, Sherwin-Williams CompanyLacey Osborn, U.S. Bancorp Community Development

CorporationDaniel Packard, Enhanced Capital Partners LLCJohn Panno, Bank of America Merrill LynchShahrukh Paracha, Bay Bridge ManagementTrey Parker, Butler Snow LLPChuck Patel, NewcrestImageSunny Patel, Three Point CapitalNathan Pekul, Baker Tilly Virchow Krause LLPKeith Pettus, Foss And CompanyMike Phillips, National Trust Community Investment Corp.

(NTCIC)Christopher Pierce, Lathrop & Gage LLPLori Pittman, Ulmer & Berne LLPMatthew Pollock, Novogradac & Company LLPLuke Pope, CliftonLarsonAllen LLPJeff Powers, Virginia Community Development Corp.Matt Prickett, U.S. Bancorp Community Development

CorporationJessica Puff, Historic PreservationWill Purdy, U.S. Bancorp Community Development

CorporationFrank Rabalais, Crescent Growth Capital LLCJeff Ralston, Stonehenge Capital Company LLCAnuj Rastogi, Milwaukee View LLCAlbert Rex, MacRostie Historic Advisors LLCCharlie Rhuda, Novogradac & Company LLPShawn Richard, Elkins PLCMegan Riess, Fishman Haygood LLPAshley Riley, AREA Real Estate LLCDoug Rime, Yardi SystemsBill Roach, Commonwealth AdvisorsDonna Rodney, Bryan Cave LLPKerry Roets, Anton Collins Mitchell LLP

Gary Romer, Dixon Hughes Goodman LLPDavid Rosenthal, The Millennium Capital Group LLCMichael Ross, Baker Tilly Virchow Krause LLPRichard Roth, Roth Law Firm LLCStacy Rubenstein, Commerce BankMarsha Ruddle, CASTOHeather Rudge, Historic Preservation Group LLCGina Russo, Enhanced Capital Partners LLCMichael Saad, Squire Patton Boggs (U.S.) LLPDan Sachs, Majestic Realty Co.Kris Saddoris, Hubbell Realty CompanyTerri Salas, Plante MoranKevin Savory, Stinson Leonard Street LLPMarc Scafidi, PNC BankBrad Scheiter, Rubin Brown LLPJenny Schmidt, The Law Offices of Jennifer W.Schmidt

LLCSherry Schultz, Elkins PLCAndre Schwartz, Kasper Mortgage Capital and Tax Credit

FinanceJohn Sciarretti, Novogradac & Company LLPChris Sears, SunTrust Community Capital LLCWarren Sebra, Novogradac & Company LLPRichard Seges, Housing Authority of the City of El PasoPaul Selid, Wiggin Properties LLCDick Sheehy, Chevron TCI Inc.Christine Sheridan, Novogradac & Company LLPGordon Short, global XJennifer Simmons, Thompson Coburn LLPF. Paul Simoneaux, Elkins PLCCarli Simpson, Roth Law FirmJesse Sitz, Baird Holm LLPChristina Smith, National Trust Community Investment

Corp. (NTCIC)Jeff Smith, BOKF NALeigh Ann Smith, Bank of America Merrill LynchAmanda Soskin, Chevron CorporationShaw Sprague, National Trust for Historic Preservation

(NTHP)Molly Stanga, Coats RoseHeather Stanley, Spinnaker St. LouisBentley Stanton, Novogradac & Company LLPChris Starr, Starr Development Partners LLC






Conference AttendeesCraig Staswick, Novogradac & Company LLPAnne Staudhammer, AIGChris Sterling, Virginia Community Development Corp.Matt Stevens, Matthews SouthwestMicah Stewart, LaPorte CPAs & Business AdvisorsSteven Stogel, DFC Group Inc.Rob Stolpestad, Exeter Group LLCJerome Sullivan, Churchill Stateside Group LLCDub Sutherland, Kennedy Sutherland LLPLindsey Sutton, Novogradac & Company LLPJonathan Swigert, PNC BankAlexander Szilvas, BakerHostetler LLPDavid Taylor, Twain Financial PartnersKristian Teleki, Matthews SouthwestJohn Tess, Heritage Consulting GroupAileen Thomas, Jones Walker LLPKatrina Thompson, Barnes & Thornburg LLPMary Thompson, Bank of America Merrill LynchPhong Tran, Novogradac & Company LLPJulie Treppa, Coblentz Patch Duffy & Bass LLPDoug Tymins, AIGDustin Van Deman, Munsch Hardt Kopf & Harr PCIngrid VanBiber, PolsinelliLisa Vecchietti, Lancaster Pollard Mortgage Co.Troy Villa, Breazeale Sachse Wilson LLP

Laura Vowell, U.S. Bancorp Community Development Corporation

Jeff Wadovick, Nadeau Wadovick LLPJack Waldeck, Walter & Haverfield LLPSarah Wales, Weinstein Nelson Management LLCBlake Walker, AIGKristin Walker Boose, Ulmer & Berne LLPNathan Ware, BakerHostetler LLPArt Weiss, Lisart Capital LLCPhilip Welker, BNA Associates LLCChip Werlein, Parismina Advisors LLCMatt Whalen, Stonehenge Capital Company LLCChuck Wiggin, Wiggin Properties LLCHaley Wilcox, Heritage Consulting GroupDoug Williams, Maynard Cooper & Gale PCJP Williamson, Octagon Finance LLCJeffrey Woda, The Woda Group Inc.Mike Wolf, EHCP Manager LLCPatrick Wolf, EHCP Manager LLCRay Wolff, Carlisle Tax Credit AdvisorsPaul Woodworth, SunTrust Community CapitalChris Wootten, Fishman Haygood LLPAustin Wyker, Munsch Hardt Kopf & Harr PCJennifer Young, Novogradac & Company LLPMatt Yunker, Novogradac & Company LLPSarah Zahn, Gerding Edlen






Historic Tax Credit Services Committed to working with clients throughout the development and application process to preserve history through the use of the historic rehabilitation tax credit.

Novogradac & Company offers new and experienced developers a broad range of professional services to assist with the challenges within the historic tax credit (HTC) arena. Our HTC team is committed throughout the development and application process to developing and implementing innovative solutions to underlying tax, structuring, compliance and business issues encountered in complicated deals.

We pride ourselves on the vigilance and speed with which we meet deadlines, as well as our more than 20 years of experience, which provides us the resources to meet clients’ expectations while never sacrificing quality.The firm’s skilled professionals, with their thorough understanding of the benefits, costs and motivations of participants in a historic tax credit transaction, have helped numerous developers maneuver through the complexities of the rules, maximizing the monetization of the federal and state benefits that come from historic rehabilitation projects.

Novogradac & Company’s Historic Tax Credit Group’s services are based on comprehensive knowledge of and broad experience with complex tax, accounting, business and transactional issues inherent in financing and developing historic tax credit rehabilitation projects. Our professionals are dedicated to meeting each client’s

needs in a thorough, efficient and creative manner. The firm’s work in the historic tax credit industry includes various services in connection with the investment tax credit under IRC section 47 and state historic tax credit programs including:

Unrivaled guidance on tax, compliance and structuring issues for historic tax credit projects

Comprehensive tax and consulting services

Transaction, Tax & Compliance Consulting• Transaction/entity structuring including combining

HTC with low-income housing, new markets or renewable energy tax credits and various state tax credit programs

• Financial projections and analysis• Identification and resolution of key tax and business

issues

• Debt and equity finance advisory• Evaluation of equity investment proposals• State historic tax credit subsidy analysis• State tax credit application assistance• Tax capital basis analysis

Accounting Services

• Final cost certifications for qualified rehabilitation expenditures

• Annual audits and financial statements

• Annual partnership tax returns• Specialized agreed upon procedure reports






Meet Novogradac & Company LLP’s Historic Tax Credit Team

Historic Tax Credit Services

MICHAEL NOVOGRADACSan Francisco, Calif.

[email protected]

JOHN SCIARRETTIDover, Ohio

[email protected]

THOMAS BOCCIALong Beach, Calif.

562.432.9482 [email protected]

OWEN GRAYSan Francisco, Calif.

[email protected]

CHARLES RHUDASan Francisco, Calif.

[email protected]

BILL LETSINGERSan Francisco, Calif.

[email protected]

Investor Services and Consulting• Evaluation of financial projections from the investor

perspective• Analysis of historic investments on book earnings• Analysis of internal rate of return (IRR) and return

on investment (ROI) metrics

• Relationship liaison for historic developers, investors, lenders and applicable legal counsel

• Financial feasibility analysis• Preservation and rehabilitation consulting• Capital adjustor calculation

Market Studies and Appraisals

• Commercial, Multifamily and Hospitality• Supply, demand and rent analysis

• Net operating income and valuation analysis




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