Tax Credit / Community Development Finance

An established national practice representing investors, syndicators, lenders, and developers in transactions generating federal and state tax credits and other tax incentives.

Attorneys in our Tax Credit / Community Development Finance group have established themselves as industry leaders in the areas of new markets tax credits (NMTCs), low-income housing tax credits (LIHTCs), and historic tax credits (HTCs) and have significant experience in transactions involving opportunity zones, renewable energy tax credits, and other state and federal tax incentive programs. Clients have used these incentives in a diverse range of projects, including multifamily affordable housing, mixed-use real estate developments, hotels, commercial real estate projects, operating businesses, and renewable energy facilities.

We advise on all aspects of transactions involving the use of federal and state tax credits and other tax incentives, relying on our extensive experience in these fields to guide investors, syndicators, and other stakeholders through the closing process from the initial development of a financing structure to final closing, with a particular emphasis on the tax incentives involved. We issue tax opinions regarding anticipated tax benefits, review real estate, organizational, and regulatory diligence, advise on certain regulatory compliance matters, and assist in unwinding transactions.

In addition to NMTCs, LIHTCs, and HTCs, energy credits, and opportunity zones, our group is active in a range of other community development financing programs including tax-exempt bonds, state and local grants and loans, HUD-supported loans, and financing through government-sponsored enterprises (GSEs).

Sectors

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  • New Markets Tax Credits
  • Low-Income Housing Tax Credits
  • Historic Rehabilitation Tax Credits
  • Renewable Energy Tax Credits
  • Opportunity Zone Incentives
  • Tax-Exempt Bonds
  • Certificated and Allocated State Tax Credits
  • Other Government-Subsidized Financing