Roundtable Discussion | New Markets Tax Credits: Leveraging Federal Funds to Finance Community Facilities

Learn how New Markets Tax Credits can help you close your facility funding gaps.  Meet and network with Bay Area leaders.  

New Markets Tax Credits (NMTC's) are a financing option to develop facilities and create economic development opportunities in low income communities.  They can be used to leverage grants and the value of donated property to fill financing gaps.  This workshop will outline how NMTC financing is used to leverage funding.  The workshop is a great choice for nonprofits that want an overview of how NMTC’s can be help renovate existing facilities or fill the final funding gap in a new facility.  

*Note: This Roundtable Discussion will be held at the Thoreau Center, SF, and broadcasted as a webinar to participants who won't be able to attend in person.  Live participants will have time to meet and network with Bay Area leaders. 

Learnings:

• Basic level of understanding of tax credits, including leverage transactions
• Case studies of simple to complex projects
• Bond money, legal compliance
• Transfering assets with other entities, true debt analysis, ensuring authorization of funds

Speakers

Julie Treppa, Partner
Coblentz, Patch, Duffy & Bass LLP, San Francisco, CA

Ms. Treppa advises clients on the qualifications necessary to qualify for federal and state tax incentives including the New Markets Tax Credit. She assists clients in structuring investments in, and the formation of, venture capital funds, buyout funds and other investment partnerships. She also counsels clients regarding issues of international, federal, state and local taxation with respect to mergers and acquisitions; joint ventures; venture capital investments; executive compensation; and sales and use taxation. She is an experienced tax litigator and has successfully represented clients during the course of federal and state tax controversies in U.S. Tax Court, U.S. District Court, and various California courts, as well as handling the administrative resolution of such controversies. Before entering the practice of law, Ms. Treppa worked as a tax auditor for the Internal Revenue Service in the Exam division.

John Clawson, Founding Principal
Equity Community Builders, San Francisco, CA

With 20 years of experience as a developer, architect and real estate advisor, John offers a broad range of expertise in all phases of the development process. He has particularly strong skills in real estate finance, design and project management.  Many of John's recent and current projects - Oxford Plaza and David Brower Center, the Bay School of San Francisco, and 301 Bryant Street - integrate environmentally responsible design and complex financing structures that combine bank financing, investor equity and additional funding secured through historic, new market or low income housing tax credits.  Prior to Equity Community Builders, John was a regional vice president with Halcyon Ltd, a national development advisory firm specializing in urban mixed use and redevelopment. He is vice chairman of the board of trustees and chair of the site committee of the Bay School of San Francisco.  John earned a Masters Degree from the MIT Center for Real Estate Development in 1985 and a Bachelor of Architecture from Arizona State University in 1981.

Joshua Simon, Director of Consulting & Grants
Northern California Community Loan Fund, San Francisco, CA

Joshua joined NCCLF in May of 2006. He has worked over the past 20 years with several nonprofit community development corporations to develop and manage affordable housing and community facilities, including the past 12 years with East Bay Asian Local Development Corporation (EBALDC) and prior work with Chinatown Community Development Corporation and the artist’s live work and theater facility Project Artaud. His completed developments include half a dozen mixed-use complexes that combine affordable rental apartments with community and educational uses, including Swan’s Marketplace in Oakland.  Joshua is in his second term as an elected member of Emeryville Unified School District’s School Board, “where partners power student success.” He received a master’s degree in Real Estate from the Massachusetts Institute of Technology in 1990 and a Bachelor of Arts in Architecture degree in 1983 from the University of California at Berkeley.

Sponsor: Oliver & Company