2018 NMTC Coalition June Policy Conference
The NMTC Coalition's 2018 NMTC Policy Conference is just around the corner and will feature a host of congressional keynotes and treasury department speakers and opportunities to engage with your legislators on Capitol Hill. The conference, which is taking place next Wednesday, June 6th, will be held at the Renaissance DC Hotel, located at 999 9th Street Northwest. The Coalition has confirmed that House Ways and Means Committee Ranking Member Richard E. Neal (D-MA) will provide the opening breakfast keynote, CDFI Fund Director Annie Donovan will provide keynote remarks later that morning, and Rep. Tom Reed will speak at the luncheon.
Treasury Department officials have been invited to discuss how the NMTC is working to attract investment capital and generate economic activity in some of the country's poorest communities, including many economically distressed urban neighborhoods. There will also be panels featuring NMTC legal experts and a fishbowl discussion with NMTC investors. A highlight of this conference will be the release of the Coalition's 2018 NMTC Progress Report. This year's report will offer investment and transaction information from NMTC Allocatee survey respondents for calendar year 2017.
More Information on NMTC Congressional Visits and Capitol Hill Reception
The event will also provide attendees with the opportunity to meet with Members of Congress and their staffs in the afternoon. After the Conference and congressional visits, event attendees are invited to attend a Capitol Hill Reception hosted by the NMTC Coalition. We have confirmed that Senators Ben Cardin (D-MD) and Rob Portman (R-OH) as speakers and expect key congressional staff to attend as well. An invitation is below for you to share with your Members of Congress and their staff, inviting them to attend personally is always the most effective approach.
|8:30am – 9:00am
|Conference Registration and Opening Breakfast
|9:00am – 9:30am
|Welcome by Kermit Billups, NMTC Coalition President
Breakfast Keynote: Representative Richard E. Neal (D-MA)
|9:45am – 10:00am
|Morning Keynote: Annie Donovan, CDFI Fund Director|
|10:00am – 10:45am
CDFI Fund staff will provide information on the 2018 application, FAQ updates, the transition to AMIS and the allocation tracking system, as well as discuss the Minority CDE training and Opportunity Zones.
Moderator: Jose Villalobos, TELACU
|10:45am - 11:00am||BREAK|
|11:00am – 11:45am
|NMTC and the Law Round Table
Moderator: Amy Laughlin, LIIF
Rachel Ittner, Applegate & Thorne-Thomsen, P.C.
Neal Johnson, Leverage Law Group
Scott Lindquist, Dentons US LLP
|12:00pm – 1:15pm
|2018 NMTC PROGRESS REPORT BY PAUL ANDERSON
The NMTC Coalition will release the 14th edition of its NMTC Progress Report, highlighting investment and transaction information from NMTC Allocatee survey respondents for calendar year 2017.Keynote: Representative Tom Reed (R-NY)
Introduction by Dan Marsh, National Development councilREPORT ON CAPITOL HILL
Bob Rapoza will provide a lay of the land concerning Congress and the NMTC.
|1:30pm – 2:30pm
|Investor FishBowl Discussion
During this session, investors will discuss the impact of tax reform, best practices for NMTC pricing, and targeting disadvantaged populations and geographies. The audience will be encouraged to provide perspective on these topics.
Moderators: Michael Novogradac, Novogradac & Company LLP;
|2:30pm – 5:30pm||Congressional Visits|
|5:30pm – 7:00pm
|CAPITOL HILL RECEPTION
Senator Ben Cardin (D-MD)
Introduction by Kermit Billups, NMTC Coalition President
Senator Rob Portman (R-OH)
Introduction by Yvette Ittu, Cleveland Development Advisors
2017 NMTC Coalition Annual Conference
The 2017 NMTC Coalition Annual Conference was held on December 13th and 14th in Washington, D.C. at the Hotel Monaco, located at 700 F Street Northwest. The agenda included keynotes from federal and congressional leaders, a Capitol Hill day, a networking reception, and panels featuring NMTC legal experts and investors. The event also featured discussions on recent NMTC reports and legislative movement on Capitol Hill, NMTC and the law, as well as a round table with leading NMTC investors, and a panel Treasury staff. See the agenda outline below for more details .
2017 NMTC Coalition June Policy Conference
On Wednesday, June 7th, the New Markets Tax Credit (NMTC) Coalition held its New Markets Tax Credit Annual Policy Conference. The event featured the release of the new 2017 NMTC Progress Report—the thirteenth edition of the report. The Coalition’s Board President Robert Davenport, a longtime NMTC practitioner and president of the National Development Council, emceed the event. A summary and round-up of social media and news mentions can be viewed on storify. Paul Anderson, the author and designer of the report presented his findings during the opening plenary. As in the past, the report featured survey data from the most recent calendar year. The findings documented the flexibility and impact of the NMTC in meeting the ever-changing needs of distressed communities, helping create jobs and grow business opportunities. Projects represented 80 percent of those financed in 2016 and ranged from more traditional industry and community sectors to new and cutting-edge technology, including rural and urban incubators, small business loan funds, main street tourism, health clinics, manufacturing, schools and even robotics. Politico's Morning Tax tipsheet and PoliticoPro Tax Whiteboard gave a shout-outs to the report, as did many local business journals. Annie Donovan, CDFI Fund Director provided a keynote at the one-day policy conference, providing great insight on happenings at the agency. Attendees also engaged with panels that included senior CDFI Fund staff, experts on NMTC and the law, and a fish bowl discussion with key NMTC investors. At lunch, the group had the opportunity to hear from Bob Rapoza on the legislative landscape and talk tax reform with Beth Bell from Senator Cardin's office, who is an NMTC Champion and Senior Finance Committee member, as well as Nick Wyatt from the Senate Finance Committee majority staff. In the afternoon, conference attendees headed up to Capitol Hill for congressional meetings, followed by a reception in the Russell Senate Office Building. Senator Ben Cardin (D-MD), the lead Democratic cosponsor on the NMTC bill in the Senate (S. 384), gave a powerful speech on the impact of the NMTC, including over $80 million in NMTC investments in low-income communities and the creation of 750,000 jobs. Congressman Earl Blumenauer (D-OR) also attended and spoke about the need for continued investment in distressed urban and rural communities and the proven effectiveness of the NMTC in driving capital to areas that need it most. In addition to this successful week advocating for the NMTC, the Coalition worked with Congressmen Pat Tiberi (R-OH) and Richard E. Neal (D-MA) on an op-ed highlighting the importance of making the NMTC permanent, which was featured today in The Hill.
March 22, 2017 Capitol Hill Briefing
Longtime NMTC champion and original cosponsor of the New Markets Tax Credit Extension Act of 2017 (HR 1098), Congressman Tom Reed provided opening remarks. The event included a video on how the NMTC works and presentations on NMTC projects that were featured in the NMTC at Work in Communities Across America report that the Coalition released in December 2016. Projects included the BlueOak and electronic waste recycling facility in Arkansas, Grady Memorial Hospital Emergency Room Expansion in Georgia, business incubator IndustryDENVER in Colorado and St. Martin de Porres High School in Ohio.
2016 NMTC Coalition Annual Conference
The 2016 NMTC Coalition Annual Conference was held on December 14-15 at the Hotel Monaco in Washington, D.C. This year's event provided one of the first opportunities for the NMTC industry to engage with the CDFI Fund after the 2015-2016 "super round," awarding CDEs $7 billion in NMTC allocations. On the legislative front, attendees heard updates on the new Administration and 115th Congress, concerning tax policy and regulatory plans for the NMTC. The conference also featured panels on investing and regulatory matters of importance from NMTC experts. As in past years, time was set aside for attendees to visit their Members of Congress, as well as attend a Capitol Hill reception. Thank you to all of the conference attendees who made this one of our best attended and most substantive conferences yet. We also thank our conference sponsors for their generous support, including Baker Tilly, Butler Snow, Capital One, Chase, Citi, Dentons, Enhanced Community Development, Mass Development, Nixon Peabody, Urban Action Community Development, and Texas Mezzanine Fund. The agenda and presentations are below.
CDFI Fund PowerPoints
Minority CDE Training Initiative
Saurabh Narain, NCIF: NMTC Coalition 2016_NCIF Presentation
2016 Conference Agenda