Tax Credits, Housing & Community Development

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As the sources of financing for housing and community development projects constantly evolve, the attorneys at Faegre Drinker can help you to maximize the available resources and comply with the complex funding requirements. We represent for-profit and nonprofit developers, lenders, investors and governmental entities on a wide range of development activities, including building successful communities that combine market-rate and affordable housing with retail, office and other commercial components. We understand the complexities of tax credits and have closed hundreds of transactions involving low-income housing tax credits, historic tax credits, New Markets Tax Credits (NMTC) and energy credits. Our professionals have extensive experience with HUD and state and local government programs, including HUD-insured loans, CDBG, HOME, NAHASDA and Section 8. We understand how to effectively use tax-exempt bonds and property tax structures, including TIF, to assist a development. Faegre Drinker can also assist when neighborhood opposition, zoning, title, construction, environmental issues or other unique problems impede a closing. Faegre Drinker professionals are well-versed in the Opportunity Zones (OZ) program and are ready to help you structure funds or proposed developments using OZ. Creativity is a hallmark of our practice, and our attorneys are innovators in their use of new programs and creative approaches for development.

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