Goldfarb & Lipman’s history with the Low Income Housing Tax Credit Program (LIHTC) extends to the Program’s inception, having structured hundreds of affordable housing developments using tax credit financing. Our LIHTC work generally has involved:
- Forming limited partnerships and their corporate general partners
- Obtaining tax exemptions for the new corporate entities from the Internal Revenue Service and the state taxing agency
- Analyzing financial projections
- Negotiating with tax credit investors
- Structuring transactions to maximize funding potential
- Advising on procedures and requirements for carryover allocations & Form 8609 filing
- Advising on requirements and procedures of state tax credit allocation agencies
We have closed tax credit syndications using a variety of investors, including corporate funds, individual corporate investors, public pooled investment funds, and private offerings for which we prepared the offering materials.
A particular strength of our firm is our ability to bring together for clients our extensive real estate transactional skills and experience and our long-standing tax credit syndication expertise, generating efficiencies in both deal structuring—the real estate portion syncs with the syndication portion-and the cost of transactions.