Low Income Housing Tax Credit Forum
Federal Reserve Bank of San Francisco, in cooperation with the Office of the Comptroller and the Federal Home Loan Bank of San Francisco

Thursday, October 23, 2008
Los Angeles, CA

On October 23, 2008 the Federal Reserve Bank of San Francisco, in cooperation with the Office of the Comptroller and the Federal Home Loan Bank of San Francisco hosted a one day forum on the Low Income Housing Tax Credit ("LIHTC") program.  The agenda included an introduction to LIHTC investments, a discussion of how they work and who uses them today, along with overview of how the LIHTC qualifies as an eligible CRA investment activity.  Guest speakers included Terry Kimm, principal of the Reznick Group, Ben Phillips, the regional director of Mercy Housing, Sy Garban, senior vice president of WNC & Associates, Inc., and the primary sponsor and facilitator of the event, Barry Wides of the Office of the Comptroller.  To view the presentation materials, please click on the links below.

Forum Agenda (PDF - 107KB)

What is a LIHTC? The Basics of Tax Credits (PDF - 225KB)
Terence Kimm, CPA, Reznick Group, P.A.

Who Uses Tax Credits? The Developer’s Perspective (PDF - 7.07MB)
Ben Phillips, Vice President and Regional Manager, Mercy Housing

Investing in a Low Income Housing Tax Credit Fund (PDF - 198KB)
Sy Garban, Senior Vice President Institutional Investments, WNC & Associates

Why Banks Invest in LIHTCs? The Regulatory Perspective (PDF - 122KB)
Barry Wides, Office of the Comptroller of the Currency