Tax Credits and Community Investments
Helping communities grow and neighborhoods thrive is about more than just location and dollars. It's about using creative financing and tax-credit solutions. It's being knowledgeable about the industry and the most recent laws and regulations that govern real estate development in cities and towns across the U.S.
Barnes & Thornburg has an experienced practice in the affordable housing, low-income housing tax credit, new markets tax credit, historic tax credit and community development sectors. Our attorneys represent regional and national investors, developers, syndicators, lenders, housing authorities and housing finance agencies in a wide range of real estate development projects.
Clients across the nation turn to us for assistance with tax credits, tax incentives, community development, real estate development, fund formation, real estate finance, equity investments, partnerships, joint ventures, asset management, leasing and workouts. In addition to our work on residential real estate projects in the affordable housing area, our attorneys work on the acquisition, development and financing of large, multifaceted community development-driven commercial real estate projects; representative projects include food pantries, shelters, retail, entertainment, office, mixed use, manufacturing, school and health care facilities.
Our Tax Credits and Community Investments attorneys advise on:
- Affordable housing, including HUD and public housing programs
- Low-Income Housing Tax Credits (LIHTC)
- New Markets Tax Credits (NMTC)
- Historic Tax Credits (HTC)
- Renewable Energy Tax Credits
- Community development lending
- Bond financing
- Opportunity zone financing
- State tax credits
Expanded Capabilities
In addition to the services described above, the practice advises developers, investors, lenders, syndicators, and community development entities on complex federal and state tax credit transactions, including Low-Income Housing Tax Credits, New Markets Tax Credits, Historic Rehabilitation Tax Credits, renewable energy tax credits, and related state and local incentive programs. This includes structuring and documenting direct and leveraged financings, syndications, blind pools, and portfolio transactions; forming and advising community development entities; combining multiple tax credits with tax-exempt bonds, grants, and other public and private financing sources; and counseling on recapture, compliance, refinancing, restructurings, workouts, and investor exits across the full life cycle of tax credit investments.