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Virginia Low Income Housing Tax Credit Forum

Thu., June 25, 2009
8 a.m. - 1:30 p.m.

Virginia Housing Center, Glen Allen, Va.

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Overview

The Federal Reserve Bank of Richmond, the Virginia Bankers Association, the Office of the Comptroller of the Currency, the Federal Home Loan Bank of Atlanta, the Virginia Community Development Corporation, and the Virginia Housing Development Authority are co-sponsoring a half day forum on Low Income Housing Tax Credits

Over the past two decades, the Low-Income Housing Tax Credit program has addressed the nation’s affordable housing needs by financing nearly two million low-income units. Please join us for a clear and succinct explanation of the LIHTC program presented by developers, syndicators, accountants, and regulators. This program is intended for all Virginia bankers interested in learning more about the Low-Income Housing Tax Credit Program and nonprofit organizations involved in multifamily lending and related tax credit investments.

Topics to be covered during the forum will include:

What is a LIHTC – The Basics of Tax Credits
Who Uses Tax Credits – The Developer’s Perspective
Investing in a LIHTC Fund
Why Banks Invest in LIHTCs – The Regulatory Perspective
The Federal Home Loan Bank’s Affordable Housing Program (AHP) and the Community Investment Program (CIP) – How Your Bank can Sponsor Both
Types of Developments and Available Funding Resources

There is no charge for this event, however, space is limited and advance registration is required. A continental breakfast and lunch will be provided.

Audience

This program is intended for all Virginia bankers interested in learning more about the Low-Income Housing Tax Credit Program and nonprofit organizations involved in multifamily lending and related tax credit investments.