Tax credit programs such as Low-Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), Historic Rehabilitation Tax Credits, Renewable Energy Tax Credits and various state tax credits provide crucial financing for affordable housing, historic rehabilitation, highly distressed and low-income community development projects. These difficult to develop projects demand federal and state as well as multiple sources of debt and equity that present structurally challenging business, tax and legal issues. View a map of our nationwide tax credit finance experience.

Polsinelli’s Tax Credit Finance attorneys are highly experienced in utilizing these programs to facilitate the development of an array of projects. Our extensive experience is enhanced by our commitment to understanding our clients’ businesses and providing high-quality legal services. Our approach is proactive. Anticipating and addressing our clients’ legal needs is paramount. We guide investors, for-profit and non-profit developers, operating businesses, community development entities, syndicators and lenders in effectively using tax credits.

Our professionals use their state-of-the-art knowledge and innovative techniques to structure, document and close tax credit-financed transactions in a timely and cost-efficient manner. We are a true full-service practice, handling all aspects of tax credit transactions, from issues involving real estate, tax, banking regulation and securities laws. Further, our team assists clients in handling matters from all stages of tax credit finance project’s life cycle – from pre-development to acquisition and financial closing to post-closing asset management, workout, refinance and exit issues.

Our tailored experience includes:

  • LIHTC, Solar and HTC Bridge Lending
  • Equity Investments
  • GP Transactions
  • Energy Credits
  • Pairing Federal and State Tax Credits
  • Layered Historic and New Markets Tax Credit investments
  • NMTC Leveraged and Source loans
  • Investor Exits
  • HTC Syndication
  • Multiple CDE New Markets Tax Credit financing structures
  • Fund Formation
  • LIHTC/HTC Syndication
  • NMTC Loan Pools
  • HTC Master lease structures
  • HUD financing
  • HOME, HTF and CDBG grants and loans
  • Property tax abatement or exemption
Related Capabilities
Affordable HousingFinanceReal Estate DevelopmentReal EstateSenior Housing & Long Term CareTax
Publications
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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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