Low Income Housing Tax Credits

Low Income Housing Tax Credits

Anderson Partners LLC has extensive experience in all aspects of affordable housing projects financed with federal low-income housing tax credits.  Our team has closed hundreds of low-income housing tax credit transactions throughout the United States including, Indiana, Illinois, Iowa, Kentucky, Michigan, Nebraska, Ohio, Tennessee, and Virginia.  We advise clients in the development of affordable housing development financed with low-income housing tax credits combined with HUD HOPE VI financing, Neighborhood Stabilization funds, variable and fixed-rate tax exempt bond financing, Federal Home Loan Bank products, Community Development Block Grants, HOME funds, and other federal, state, and local conventional sources of financing.

With over 30 years of combined experience, the attorneys of Anderson Partners have developed comprehensive knowledge regarding the development of low-income tax credit projects and the complexities involved in completing such developments.  As a result of this experience, the Anderson Partners’ attorneys stand ready to work alongside its clients to help navigate through the complexities of the transaction and guide its clients to a closing while avoiding the pitfalls that can often delay the completion of the transaction and development of the project.

Our clients include:

  • Tax Credit Syndicators;
  • Direct Investors;
  • Corporate and financial institution investors;
  • Developers;
  • Lenders;
  • Public and State Housing Authorities;
  • Communities; and
  • Local Community Development Organization.

Our Services include:

  • Advising on and Assisting with the preparation of Low-Income Housing Tax Credit Applications;
  • Developing Business and Financing structure for transactions;
  • Locating and Procuring Funding Sources;
  • Advising on Federal Tax Matters;
  • Preparing and Negotiating Debt and Equity Documentation on behalf of Investors, Lenders and Developers;
  • Preparing Offering Memoranda and Investment Agreements;
  • Issuing Opinion Letters on all Aspects of the Development;
  • Managing and Assisting with Due Diligence Matters;
  • Assisting with the Acquisition and Development of the Real Estate;
  • Advising on  Restructuring Existing Low-Income Housing Tax Credit developments;
  • Syndication and Re-syndication of Low-Income Housing Tax Credits.

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