Understanding Opportunity Zones

Course Details

Date

Thursday, October 17, 2019

9:00am – 1:30pm
(Registration: 8:00am)

Location

YWCA Fuller Hall

1040 Richards Street

Honolulu, HI 96813

808-538-7061

View Map

Course Number

UOZ

CPE Credit

4.0 hours CPE credit

Highlights

Come do a deep dive into the tax, legal and business details of investing in Hawaiis Opportunity Zones, a community development program authorized by the recently passed Federal Tax Cuts and Jobs Act of 2017.  This tax initiative provides incentives for investors to re-invest capital gains into Opportunity Funds in exchange for temporary and long-term tax deferral and other benefits. The Opportunity Funds are then used to provide investment capital to economically challenged communities, i.e., Opportunity Zones.  

National experts will cover all aspects of this federal initiative to direct investment capital into economically challenged areas of the state. This seminar is designed for CPAs, lawyers, bankers, real estate brokers, potential investors and financial advisors.  Also, this seminar will address many questions of business owners and real estate developers considering Opportunity Fund investment. 

Objectives

Keynote Speakers <?xml:namespace prefix="u1" /><?xml:namespace prefix="o" />

Brent Parker, CPA
Principal
Novogradac & Company

Brent Parker is a principal in the Long Beach, Calif., office of Novogradac & Company LLP. Mr. Parker is experienced in affordable housing and community development, nonprofit organizations and public housing authorities, historic rehabilitation, and renewable energy, with a particular focus on the low-income housing tax credit (LIHTC), renewable energy tax credit (RETC), new markets tax credit (NMTC) and historic tax credit (HTC) industries. In addition to providing various consulting and forecasting services, he has worked extensively on financial statement audits and tax planning and tax return preparation. Mr. Parker is a contributor to the Novogradac Journal of Tax Credits and leads professional development training efforts on various complex taxation concepts. Mr. Parker received a bachelors degree in accounting from the University of Southern California and is a certified public accountant in California.

Marc Schultz
Partner
Snell & Wilmer

Marc Schultz is based in Phoenix, Arizona and his practice is concentrated in federal, local and state taxation matters, including complex transactions involving corporations, limited liability companies, limited partnerships, tax exempt entities, and real property. Marc regularly engages in advising clients with respect to mergers and acquisitions, joint ventures, formation of private investment funds, tax credit financing, and energy transactions. Marc founded and co-chairs the firms Opportunity Zones and Funds Industry Group. Marc has represented investors, developers, and syndicators with respect to Low-Income Housing Tax Credit transactions and has represented numerous parties with respect to transactions involving New Markets Tax Credits, Historic Tax Credits, and Renewable Energy. Marc is a regular speaker and panelist on the subject of tax credit finance and the Opportunity Zone incentive and has written numerous articles and has been quoted in many publications with respect to these subject areas.  Marc is currently representing investors, fund sponsors, and developers with respect to the Opportunity Zone incentive.

Speakers and Panelists 

Mark D. Bratton (R), CCIM
Investment Services
Colliers International
Mark is President of Bratton Realty Advisers, Ltd., and exclusively contracted with Colliers International, Hawaiis largest commercial real estate organization. He has been with Colliers for over 33 years and specializes in the sale of investment properties in Hawaii. Mark is also a member of the Colliers Investment Services Group, an elite team of sales professionals who work with institutional-quality properties. Members of the group transact business in key markets around the United States, and work collaboratively with their counterparts in Europe, Asia and Latin America.  Throughout his real estate career, Mark has focused on investment sales throughout the Hawaiian islands and has represented sellers of hotels & resorts, retail/shopping centers, office & industrial buildings, multi-family properties, and development land.

Linda Lewis Ezuka
Managing Director
Ezuka Law Offices, LLC 
Linda provides community development consulting services to support business and nonprofit strategic initiatives.  She also specializes in Community Reinvestment Act (CRA) Program Compliance and Data Integrity Solutions for financial institutions regulatory risk management strategies and programs.  Ms. Ezuka serves on the board of the HMSA Foundation and has served as a reviewer over the past 20 years for the Community Development Financial Institutions Fund (CDFI Fund) of the DepartmentofTreasury for their Core, Technical Assistance, and New Markets Tax Credit Programs.  Ms. Ezuka is a PacificCentury Fellow, a SBA Financial Services Advocate of the Year and a PBN 40 Under 40 honoree.

Ramona Mullahey
Senior Analyst 
U.S. Department of Housing Development (HUD)
Ramona works in the Field Policy & Management section of the Department of Housing Development, which is customer-focused.  She works in communities on program delivery, Agency policy priorities and special initiatives, connecting around issues and building relationships.

Heather Piper
President and Executive Director
Hawaii Community Reinvestment Corporation (HCRC)

HCRC is a 501(c)3 is a community based non-profit corporation founded in 1990.  The mission of HCRC is to facilitate affordable housing, community development, and economic development throughout the State of Hawaii by providing innovative financing, training, and consulting services.  After 25 years of a traditional banking career with Central Pacific Bank, Bank of Hawaii, and Union Bank she made a career change and joined HCRC as the Executive Director 2015.  She also serves on the Federal Home Loan Bank Affordable Housing Advisory Council and former HANO Director, Treasurer and Board Chair.  Heathers banking experience and work with non-profits has helped her gain a deep understanding of the financing needs and challenges that community organizations and small businesses face in Hawaii. 

Mark J. Ritchie
Branch Chief, Business Support
Department of Business, Economic Development and Tourism

Mark Ritchie joined the Department of Business, Economic Development and Tourism (DBEDT) five years ago as the Branch Chief for Business Support services.  Marks branch has responsibility for the Enterprise Zone and the CBED (Community-based Economic Development) programs, which includes promoting Hawaiis Opportunity Zones.  Prior to DBEDT Mark served in the following positions: Chief Business Development Officer at Kuehnle AgroSystems, Inc., a Hawaii life science start-up; Managing Director at Enterprise Honolulu (EH), a private sector Oahu economic development agency; Product Manager at SGI (SiIicon Graphics), a high-performance computing company; and various economic development positions in several global trade and inward investment organizations.

Jane A. Sawyer
District Director 
U.S. Small Business Administration
Appointed in 2009, Jane oversees all activities of the federal agency, from loans and lending relations with financial institutions to small business training and counseling assistance through SBA resource partners such as the Small Business Development Centers, SCORE, and Womens Business Centers. Sawyer manages a team of 10 loan and business specialists at the Hawaii District and Guam Branch offices. The district territory includes the State of Hawaii as well as American Samoa, Guam and other affiliated Pacific Islands.
  In addition, she works to ensure small businesses get their fair share of government procurements through the use of SBAs contracting programs and certifications.

Herbert Thweatt
Economic Development Representative
Economic Development Administration (EDA), Seattle Regional Office
U.S. Department of Commerce
Herbert has the Economic Development Administrations (EDA) responsibility for Hawaii, Guam, American Samoa, Marshall Islands, Micronesia, Northern Mariana Islands, and the Republic of Palau. The EDA has the mission to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. The EDA encourages programs that promote job growth and business expansion in today's technologies and in discovering tomorrow's.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$40.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$40.00
Your Price $40.00

CPE Choice

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This course does not qualify for CPE Choice.

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