Ben Cleveland is committed to offering exceptional client service by always going the extra mile for clients, taking the time to understand each client’s unique operation and what function they play within the tax credit finance industry.

Ben primarily focuses his practice on tax credit finance by providing both borrowers and lenders counsel on Low-Income Housing Tax Credit (LIHTC) transactions, New Markets Tax Credit (NMTC) transactions and other complex tax credit lending transactions as well as other structured finance transactions.

By leveraging his LL.M in Taxation, Ben analyzes and develops personalized strategic solutions for institutional lenders, real estate funds and other real estate investors on various transactional matters including loan originations, purchase and sale transactions and leasing.

Education

  • University of Florida Levin College of Law (J.D., 2023)
    • University of Florida Levin College of Law (LL.M. - Tax, 2023)
      • Saint Louis University (B.A., 2020)
        • Finance
        • Accounting

      Bar Admission

      • Florida

      Professional Affiliations

      • American Bar Association
        • Tax Section
      • Florida Bar Association

      Languages

      • Spanish
      Publications
      All Publications
      Not So Fast – Not-For-Profit’s Access to Historic Tax Credits in Missouri to be Stripped
      A Cole County judge has invalidated Missouri’s recent expansion of its Historic Tax Credit (HTC) program, putting key changes implemented by HB 2062 — discussed in detail by our team here — at risk of repeal starting Nov. 19, 2025. Judge Brian Stumpe ruled that HB2062 violated Missouri’s single-subject rule, which requires bills to have a clear title, single subject mandate and original purpose. Finding that HB2062 contained too many elements that had nothing to do with each other, he deemed it invalid. Proponents of HB 2062 and members within Missouri’s Historic Tax Credit community are currently working on a resolution to save HB 2062’s HTC changes, with the goal to avoid a prolonged legal appeal process or needing additional legislature. We're closely
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      One Small Beautiful Synopsis of the One Big Beautiful Bill’s Tax Credit Expansions
      President Trump signed into law The One Big Beautiful Bill (the Bill) on July 4th, 2025, making a multitude of historic tax changes, amongst other things. Specifically, the Bill creates and expands certain tax credit programs and incentives for Low-Income Housing Tax Credits, New Market Tax Credits and bonus depreciation. Key Highlights: Permanent changes and expansions to Low-Income Housing Tax Credit (LIHTC) New Markets Tax Credit (NMTC) program is here to stay Increased Bonus Depreciation cap back to 100% LIHTC Permanent Expansions: The Bill changes the LIHTC program in two significant ways: For 4% LIHTC, the Private Activity Bond (PAB) financing threshold is permanently lowered from 50% to 25% for land and building costs of properties that are placed in service after December 31, 2025. However, there
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