Areas of Practice

Tax Increment Financing / Tax Credits

In today’s environment, development, especially in already developed urban areas, requires the public sector to fund a portion of the development cost in order to make a development commercially viable. Private developers and the public sector have utilized tax increment financing districts, transportation development districts and 353 redevelopment districts to help make these funds available, and we have assisted both the public sector and developers in the establishment of these financing and funding tools. On occasion, we are called upon to oppose the creation of these special districts and we have successfully provided legal help to defeat the inappropriate use of these types of districts. The types of projects that lend themselves to tax increment financing, transportation development district financing and 353 redevelopment include shopping centers, hotels, warehouse and office redevelopment and mixed-use commercial/residential projects.

In addition to tax increment financing 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 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.

Attorneys / Tax Increment Financing; Tax Credits

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