Focused on NEW MARKETS, LOW-INCOME HOUSING AND HISTORIC TRANSACTIONS

Since its inception in 2000, we have been heavily involved in New Markets Tax Credits (NMTCs) closing more than 300 projects involving over $2 billion of QEIs, about half have already completed their seven-year compliance period and have been unwound from the NMTC requirements. These projects include both Federal and State NMTC (more than 5 states, some requiring a stacked structure) and some transactions also involve other government programs like Opportunity Zones, PACE, USDA, tax-exempt bonds and Historic Credits. Although we have represented seven different CDEs who have received about $1.5 Billion in NMTC allocation, we have also represented QALICBs in several states. The types of transactions (many are multi-CDE investments) include representing for profit and nonprofit parties in a broad range of facilities including manufacturing, multi-use facilities, equipment-only collateral, and unsecured operating business loans. As with LIHTCs and HTCs, clients receive advice for all phases of NMTC transactions including formation of entities, transaction structuring, and negotiation of documentation of the Investor’s and CDE’s investment and loans to Projects.