May
7

Making “Cents” of Tax Credits: Understanding how Tax Credits become Dollars for Development

Affordable Housing Week

Hosted by Housing Trust of Silicon Valley

The conversion of tax credits into dollars for development can often be confusing for many community development practitioners. This seminar will provide clarity and understanding for developers, community development staff, planners, government officials and CRA bankers about the differences in the ability of LIHTC (Low Income Housing Tax Credits) , NMTC (New Markets Tax Credits), and HTC (Historic Tax Credits) and their ability to generate funds for development.

  • Why does a 9% LIHTC credit generate more money than a 4% LIHTC credit but less money than a 20% Historic Tax Credit or a 39% NMTC?
  • Why is a 4% LIHTC tax credit considered a 30% tax credit and why is a 16% tax credit considered a 70% tax credit?
  • Why are some tax credits more valuable than others?
  • What are the factors investors consider when investing in tax credits?

This seminar will provide an overview and understanding on the calculation of different tax credits and their ability to generate subsidies for your community’s or project’s development. It is not intended as a substitute for practitioner training for eligibility, qualifications, compliance, underwriting or individual program application requirements.

Organizer for Making “Cents” out of Tax Credits

Housing Trust Silicon Valley (Housing Trust) is a nonprofit community loan fund that works to improve quality of life low-income people in the 13-county greater Bay Area by increasing affordable housing opportunities. Since 2000, Housing Trust has invested $200 million in programs that help everyone from the homeless to renters to first-time homebuyers – creating more than 17,000 affordable housing opportunities serving over 30,000 of our neighbors. It is the first nonprofit Community Development Financial Institution (CDFI) to receive a Standard & Poor’s rating, AA- because of its strong capacity to meet financial commitments. Craig Mizushima is the Chief Impact Officer for the Housing Trust and has over 35-years of experience in community development lending with government, nonprofits and financial institutions.

Please enter using the Brokaw entrance, not the branch entrance facing First Street.

Free parking surrounding the building.

May 7, 10:00am, at Tech CU RSVP
May 7
Affordable Housing Week

Making “Cents” of Tax Credits: Understanding how Tax Credits become Dollars for Development

May 7, 10:00am, at Tech CU RSVP

Hosted by Housing Trust of Silicon Valley

The conversion of tax credits into dollars for development can often be confusing for many community development practitioners. This seminar will provide clarity and understanding for developers, community development staff, planners, government officials and CRA bankers about the differences in the ability of LIHTC (Low Income Housing Tax Credits) , NMTC (New Markets Tax Credits), and HTC (Historic Tax Credits) and their ability to generate funds for development.

  • Why does a 9% LIHTC credit generate more money than a 4% LIHTC credit but less money than a 20% Historic Tax Credit or a 39% NMTC?
  • Why is a 4% LIHTC tax credit considered a 30% tax credit and why is a 16% tax credit considered a 70% tax credit?
  • Why are some tax credits more valuable than others?
  • What are the factors investors consider when investing in tax credits?

This seminar will provide an overview and understanding on the calculation of different tax credits and their ability to generate subsidies for your community’s or project’s development. It is not intended as a substitute for practitioner training for eligibility, qualifications, compliance, underwriting or individual program application requirements.

Organizer for Making “Cents” out of Tax Credits

Housing Trust Silicon Valley (Housing Trust) is a nonprofit community loan fund that works to improve quality of life low-income people in the 13-county greater Bay Area by increasing affordable housing opportunities. Since 2000, Housing Trust has invested $200 million in programs that help everyone from the homeless to renters to first-time homebuyers – creating more than 17,000 affordable housing opportunities serving over 30,000 of our neighbors. It is the first nonprofit Community Development Financial Institution (CDFI) to receive a Standard & Poor’s rating, AA- because of its strong capacity to meet financial commitments. Craig Mizushima is the Chief Impact Officer for the Housing Trust and has over 35-years of experience in community development lending with government, nonprofits and financial institutions.

Please enter using the Brokaw entrance, not the branch entrance facing First Street.

Free parking surrounding the building.