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NR 2008-84
Contact: Bryan Hubbard
(202) 874-5770

OCC Hosts Web and Telephone Seminar on Low-Income Housing Tax Credit Funds on September 10

WASHINGTON — The Office of the Comptroller of the Currency will host a live Web and telephone seminar on opportunities for banks that invest in projects funded through Low-Income Housing Tax Credits (LIHTC) from 2 to 3:30 p.m. (EDT) on September 10.

This seminar will help bankers understand how the LIHTC program works and the current market conditions that affect pricing.  The seminar will also focus on underwriting considerations of LIHTC funds; financial, tax, and accounting benefits; and what to look for in a good fund manager.  Examples of successful fund investments will be provided.  Participants will have an opportunity to ask panelists questions during the seminar, online or by telephone.

Panelists include Barry Wides, OCC Deputy Comptroller for Community Affairs; Dana Boole, President and CEO, Community Affordable Housing Equity Corporation; and Richard Floreani, Senior Manager, Tax Credit Investment Advisory Services, Ernst & Young.  The seminar will include a welcome from Comptroller of the Currency John C. Dugan.

The OCC live Web and telephone seminar program is part of the agency’s educational outreach program to the banking community by allowing people from across the country to listen to OCC experts and industry professionals.

Cost for the Web and telephone seminar is $115 for national banks and $150 for others.  For more information and to register, visit http://www.occ.gov/about/occ-for-you/bankers/bankers-education/index-bankers-education.html or call (800) 775-7654.

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