Our attorneys regularly structure transactions involving New Markets Tax Credits, Historic and Rehabilitation Credits, Affordable Housing Credits and Energy Credits. These credits play a vital role in the financing and development of historic preservation and affordable housing projects, as well as retail, industrial, office and mixed-use real estate in low-income communities.

TAX CREDIT SERVICES

  • Historic and Rehabilitation Credit transactions using direct and pass through credit structures
  • Structuring and preparing offering documents for tax credit syndications
  • Structuring leveraged New Markets Tax Credit transactions including preparation of Qualified Low Income Community Investment loan documents and leverage loan documents
  • Structuring non-leveraged New Markets Tax Credit transactions including negotiation and preparation of loan documents
  • Managing Twinned Credit transactions combining New Markets Tax Credits with Historic or Rehabilitation Credits
  • Developing strategies for avoiding credit recapture in troubled credit transactions

CURRENT REPRESENTATIONS

  • Representing a Native American Tribe in connection with $25 million in New Markets Tax credit financing for a multipurpose community facility
  • Representing a developer in connection with Historic Tax Credit financing for a $35 million dollar hotel project in Minnesota
  • Representing a non-profit organization in connection with $8.5 million in New Markets Tax Credit financing for a multipurpose athletic center in Florida
  • Representing a larger national grocer in connection with New Markets Tax Credit financing for multiple locations
  • Representing several capital companies in connection with private placement of debt instruments relating to state New Market Tax Credits

RECENT CLOSED TAX CREDIT TRANSACTIONS

  • Represented food manufacturer/processor in connection with $50 million in in New Markets Tax Credit financing for plant expansions in South Dakota and Wisconsin
  • Represented a charter school organization in connection with $23 million New Markets Tax Credit and Historic Tax Credit financing for a rehabilitation project involving the conversion of historic structure into a charter school in Chicago
  • Represented a non-profit healthcare organization in connection with $22 million in New Markets Tax Credit financing for a community health facility development in Hawaii
  • Represented a Native American Tribe in connection with $42 million in New Markets Tax Credit financing for a rural sawmill operation
  • Represented a fine metal finishing and production company in connection with $13.5 million in New Markets Tax Credit financing for a plant expansion in Alabama