TAX CREDITS

Our team helps clients navigate all aspects of federal and state new markets tax credits, low-income housing tax credits, historic rehabilitation tax credits and opportunity zone transactions, including capital sourcing, acquisitions, tax structuring, closing, asset management, workout, restructuring and unwinding.

Our partners include national investors, syndicators, loan funds, community development entities, lenders, developers, nonprofit organizations, and business owners. As a result of our work and these powerful financing tools, shelters, charter schools, manufacturing facilities, affordable housing developments, start-ups and commercial projects become viable, making a lasting social and economic impact on the communities where these investments are made.

New Markets Tax Credits

We have closed over a billion dollars of New Markets Tax Credit transactions and can leverage our knowledge, experience and track record with investors, lenders, community development entities, developers and federal, state and local agencies to efficiently accomplish your business needs.

On behalf of project sponsors, we use our connections in the industry to help close financing gaps by pairing valuable tax credit allocation with projects. Working with community development entities, we have significant experience with writing and reviewing tax credit applications. We routinely speak nationally on various tax credit topics and are actively involved in lobbying efforts for the benefit of the industry.

Historic Rehabilitation Tax Credits

Our team represents a wide range of clients in federal and state Historic Tax Credit transactions. Having closed hundreds of master lease and direct investments, we understand the nuances of the tax issues, business transaction and relationships of the parties and use our experience to benefit our clients. We advocate for public policy that is favorable to both the state and federal Historic Tax Credits and have participated in formulating guidance integral to these transactions.

Renewable Energy and Other Tax Credits

We are experienced in various aspects of renewable energy tax credit programs, including transferability, direct payment, and specific energy project developments, as well as in non-transferable tax credits, such as R&D credits, and empowerment zone employment credits. Click here for more on our renewable energy and other tax credit experience.

Qualified Opportunity Zones

As a result of federal tax reform, taxpayers can defer taxes on capital gain by investing in Qualified Opportunity Funds that support developments in economically distressed communities designated as Qualified Opportunity Zones. We represent investors seeking to take advantage of the tax benefits associated with investments in opportunity zones as well as project sponsors seeking to raise equity for their transaction using this new tool.

We speak routinely on this topic and have made significant contributions to the comments on the proposed regulations through the American Bar Association Committee of Taxation and other industry groups. With our knowledge of various tax credits and private equity transactions, we can help our clients take advantage of this new program and advise them on all aspects of their investment.

Low-Income Housing Tax Credits

Our team represents investors, lenders, developers, and syndicators in state and federal Low-Income Housing Tax Credit transactions. We work on both 9% and 4% credit deals and oversee all aspects of these multi-faceted financing structures, including the bond component often present in 4% credit transactions.

Our work does not stop at the closing. We routinely represent lenders and developers in complicated financial restructurings and workouts, and organize many parties around the common goal of keeping vital affordable housing available for those that need it most. In addition to our transaction work, we help shape state and federal policy on low-income and affordable housing issues.