Matters
- Represented federal and state low-income housing tax credit syndicators, including Sugar Creek Capital and Advantage Capital in structuring and closing well over 100 low-income housing tax credit investments.
- Represented federal low-income housing tax credit syndicators in upper tier fund syndications.
- Extensive experience structuring and closing twinned low-income and historic tax credit transactions.
- Extensive experience managing tax issues arising from state low-income housing tax credit transactions in 10 states.
- Complex tax structuring.
- Represented federal and state syndicators in workouts.
- Advocated against attempted tax credit recapture.
- Represented syndicators and developers in secondary market purchase and sale of limited partnership interests.
- Drafted state tax credit statutes, including the Wisconsin low-income housing tax credit statute and the Kansas affordable housing state credit statute.
- Wrote persuasive letter ruling requests, including those that resulted in the issuance of MO Letter Ruling 4999, which clarified in what years Missouri LIHTC may be first claimed in relation to the year of tax credit issuance and Missouri Letter Rulings LR3628 and LR3913, which clarified when a taxpayer becomes eligible to be allocated Missouri LIHTC.
- Represented a national insurance company in its investment in multiple upper tier multi-investor funds generating state and federal LIHTC.
- Represented a national insurance company in the workout of a failed federal LIHTC investment.
- Represented a national insurance company in workout with tax credit syndicator over incorrect State K-1s, including assisting with the amendment of premium tax returns.
- Represented a regional bank in its investment in multiple upper tier funds generating federal LIHTC (both multi-investor and proprietary funds).
- Represented a state low-income housing tax credit syndicator to craft language for proposed Illinois State low-income housing tax credit.
- Represented the developer in workout of a low-income housing tax credit project in which original tax-exempt bonds were reissued, and 10% additional bonds were issued in order to avail the project of the 4% fixed rate such that completion of the project could be achieved.
