Stevens & Lee assists clients in connection with tax credit program and other financing transactions involving commercial and residential projects. We have been involved in numerous transactions as bond counsel utilizing Federal Historic, Low Income Housing and New Markets Tax Credits combined with tax-exempt bond financing, as well as commercial, non-tax exempt municipal financing for both residential and commercial projects. We are experienced with state tax credit programs, including state historic tax credits and work with our state and local tax lawyers on programs such as Pennsylvania’s Neighborhood Assistance Program. Our breadth and depth of experience and creativity permits us to assist our clients in maximizing both the tax and non-tax aspects of these transactions while meeting our clients’ goals.
We have substantial experience representing various transaction participants, including banks and other institutional investors, for-profit and not-for-profit housing developers, housing fund promoters and managers, syndicators of tax credit investments, local government units, capital markets groups, mortgage companies, mortgage loan traders and mortgage loan conduits. Our focus in any tax-exempt bond is to maximize the tax and financial structure of a transaction while obtaining the best possible results for the transaction as a whole.
Because we are a full service, industry-focused law firm, we are able to provide our clients with the advantage of a multi-practice, multidisciplinary approach to their tax credit and housing development and investment matters. For example, our health care lawyers and professionals – which include two former hospital and health system CEOs, doctors, nurses and a former CCRC administrator, among others – and tax-exempt finance lawyers work together in their representation of a number of hospitals, CCRC providers and other health care providers. Our real estate securities and syndication lawyers have represented developers, financial institutions and syndicators in numerous transactions including commercial, tract and multi-family development transactions and private offerings.