Tax Credit Financing

Shipman’s Finance team is committed to understanding our clients’ goals and guiding lenders in effectively structuring loans that achieve those goals. Our finance lawyers have extensive experience in structuring loans involving tax credit incentives, including financing projects that might not otherwise qualify under the lender’s underwriting standards. Our team assists our lender clients when they utilize tax credit programs such as Low-Income Housing Tax Credits, New Markets Tax Credits, Historic Rehabilitation Tax Credits, Renewable Energy Tax Credits, and various state tax credits and grants when lenders are providing crucial financing for affordable housing, historic rehabilitation, and low-income community development projects.

Our professionals use their experience with tax credit structure to document and close these multifaceted transactions in a timely and cost-efficient manner, and to assist our lender clients in handling these complex transactions. Our extensive experience in this specialized area includes:

• Combining federal and state tax credits
• Historic and New Markets Tax Credit investments
• Mixed-use projects utilizing condominium ownership
• Master lease structures
• Historic and Low-Income Housing Tax Credit investments
• HUD financing
• Federal Home Loan Bank and HOME grants and loans
• Property tax abatement or exemption
• Combined with DOH and DECD loans or grants