Federal and state tax credits play a key role in project finance today. Whether financing a historic hotel, portfolio of affordable housing developments, charter school, or wind farm, clients benefit from our attorneys' knowledge of the tax credit marketplace and their counsel on getting the most out of tax credit financing.
We are experienced with all the major governmental tax credit programs. Types of credits include:
federal Low Income Housing Tax Credit (LIHTC)
New Markets Tax Credit (NMTC)
federal rehabilitation tax credit (historic tax credit)
renewable energy production and investment tax credits
various state tax credits
Our attorneys have represented the spectrum of industry participants in these complex transactions, including project owners, lenders, investors, governmental entities, and credit enhancers. Our diverse client mix means that we can offer a broad range of effective solutions.
Our experience with deal structures is as varied. We work with those that involve combinations of tax credits, grants, tax-exempt bonds, and other subsidies. Our multidimensional experience enables us to represent clients through the life cycle of the deal, including asset refinancing, disposition, investor exit from the ownership, and resyndication. As an adjunct to their tax credit knowledge, our attorneys are fully versed in relevant real estate, federal and state income tax, finance, and creditors' rights issues.
Members of the tax credit team are leaders in the field who speak regularly at conferences and participate in leading industry groups.