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TAX CREDITS

Taking advantage of the available government development incentives and programs can help make projects possible that might not otherwise be economically feasible. Thompson Coburn is actively involved in helping clients with real estate developments, business expansions and other investments that utilize federal and state new markets tax credits, historic tax credits and low-income housing tax credits. Our clients include local, regional and national investors, community development entities, lenders, developers, and business owners seeking sophisticated structuring experience and deep industry knowledge.

 

Represented the lender in a $22 million construction loan for the construction of a 164-unit low income multi-family apartment complex in New Orleans secured in part by federal low income housing tax credits. (2015)

Represented the lender in a $19.7 million construction loan for a 225-unit multifamily development located in Sioux City, Iowa. The project was unique because the borrower qualified for two Iowa tax incentives, the Iowa State Workforce Housing Tax Credit and a 10-year partial property tax abatement. (2015)

Led a Nevada state New Markets Tax Credit transaction that provided $16 million in loans to a borrower, who used the funds to refinance the acquisition and finance the construction of a sports complex in Nevada. (2015)

Represented the tax credit investor in connection with a $16 million federal and Nevada state New Markets Tax Credit transaction, which provided capital for an environmental waste disposal business and water treatment system manufacturing business to consolidate and expand its operations in Las Vegas. (2015)

Represented the lender in the refinancing of two New Market Tax Credit loans worth $10.2 million, one of which was secured by property. (2015)

Represented the lender in a $6.3 million construction and permanent loan for the construction of a 77-unit low income multi-family apartment complex in St. Louis secured in part by federal low income housing tax credits. (2015)

Represented the investor of a Chicago project where $5 million in Illinois New Markets Tax Credit allocations were used to help finance the construction and operation of a domestic violence shelter. (2016)

Represented the borrower, a local credit union with nine branches, in connection with New Markets financing for the renovation and upgrading of three of the client’s inner-city locations. (2015)

Represented a tax credit investor in connection with an $8 million federal and Florida state New Markets Tax Credit transaction, which provided funds to construct a new Big Brothers Big Sisters facility in Miami. (2015)

Publications

IRS releases updated safe harbors for management contracts in tax-exempt bond-financed projects

Blog Posts

Reinstatement of a LIHTC LURA following foreclosure

LIHTC exit strategies: Foreclosure

LIHTC exit strategies: Right-sizing the loan

LIHTC exit strategies: Loan sale

Getting the house in order: The early stages of a LIHTC workout

The valuation process for LIHTC projects in financial distress: Part II

The valuation process for LIHTC projects in financial distress: Part I

What are the unique dynamics of a low-income housing tax credit workout?

Low-income housing tax credit workouts and bankruptcies: Understanding the basics

News

Jarrod Sharp named to 2016-17 Class of Leadership St. Louis

Jason Zeigler joins Thompson Coburn in Washington, D.C., as real estate partner

Real Estate Group retains high ranking in 2015 ‘Best of the Best’ survey

25 Thompson Coburn attorneys recognized in 2015 Chambers USA

Lafayette Preparatory Academy moves to Lafayette Square in St. Louis

Real estate attorney Bill Kuehling joins Thompson Coburn

Real Estate Group retains a top ranking in 2014 Best of the Best Survey

27 Thompson Coburn attorneys recognized in 2014 Chambers USA

Thompson Coburn represents U.S. Bank in financing named Wall Street Journal's 'Deal of the Week'

Three partners named 2013 Up & Coming attorneys

Larry Katzenstein offers charitable organizations guidance on tax fallout of ‘fiscal cliff’ law

Documentary featuring Senator Kit Bond premieres at St. Louis International Film Festival

Jarrod Sharp joins Thompson Coburn as counsel

Partner
St. Louis
314 552 6011

Henry is a partner in the firm's Tax Practice Area.

Henry is a partner in the firm's Tax Practice Area.

Henry Bettendorf
Partner
St. Louis
314 552 6330

Jim is an experienced real estate strategist and negotiator who counsels companies on a broad range of real estate matters, including acquisitions, dispositions, develo...

Jim is an experienced real estate strategist and negotiator who counsels ...

Jim Dillon
Associate
St. Louis
314 552 6503

Garrett counsels banks, financial institutions and other businesses on a variety of commercial transaction and regulatory issues.

Garrett counsels banks, financial institutions and other businesses on a va...

Garrett Fischer
Partner
St. Louis
314 552 6161

Janette has over thirty years’ experience practicing in all areas of state and local taxation, including representing clients before state and local taxing authorities in...

Janette has over thirty years’ experience practicing in all areas of state ...

Janette Lohman
Partner
St. Louis
314 552 6190

Chris is a valued strategic partner to emerging companies and the institutions and individuals that invest in them.

Chris is a valued strategic partner to emerging companies and the instituti...

Chris Reid
Associate
St. Louis
314 552 6124

Allie represents investors, lenders, and community development entities in transactions involving various forms of debt, equity and public financing, including federal an...

Allie represents investors, lenders, and community development entities in ...

Allie Isaak Rudroff
Partner
St. Louis
314 552 6516

Jarrod is the chair of Thompson Coburn's Tax Credits practice and has over 15 years of experience representing lenders, community development entities and investors in co...

Jarrod is the chair of Thompson Coburn's Tax Credits practice and has over ...

Jarrod Sharp