Development projects, particularly those in urban areas, are increasingly reliant on public sector funding mechanisms to help fund portions of the development cost in order to make a project commercially viable.
From tax increment financing districts (TIF), to transportation development districts (TDD), to 353 redevelopment districts, we assist the public sector and private developers in the establishment and use of these financing and funding tools. Projects utilizing special taxing districts often include shopping centers, hotels, warehouse and office redevelopment, and mixed-use commercial/residential projects.
On occasion, clients seek our help in opposing a special district, and, with our guidance, our clients have successfully intervened in the inappropriate use of such districts.
In addition to TIF districts, we counsel clients with respect to tax-advantaged transactions and the regulatory implementation of low-income and investment tax credits, such as New Markets, Historic Rehabilitation and Brownfield credits. Our attorneys are also skilled in financing transactions involving tax-exempt bond offerings and advise developers with respect to the availability of tax abatement opportunities as a development tool where appropriate.