Low Income Housing Tax Credits
Our attorneys are among the nation’s foremost legal authorities on transactions involving the federal low-income housing tax credit, which creates 120,000 new affordable housing units each year.
/Overview
We have contributed to every major federal housing program since its inception in 1970, and were heavily involved with the legislative efforts that led to the program’s creation. Most housing developments that use low-income housing tax credits (LIHTCs) also use other forms of federal assistance and therefore must interface with a number of public agencies. We navigate these often-complex relationships with assistance from our colleagues in the Affordable Housing and Real Estate and Public Finance practices. Our integrated knowledge and unparalleled experience are invaluable to clients leveraging LIHTCs.
/Representative experience
- Investor in construction/rehabilitation of former schools for housing Represent the investor in providing more than $25 million in equity to construct and rehabilitate two former school house buildings in New Jersey to create 115 units of affordable housing
- Syndicator of 9% new construction project Represent in connection with 81 affordable housing units for seniors aged 62 and over, including gathering rooms, a fitness center, and a computer center
- Syndicator in 9% new construction LIHTC project The project in Missouri City, Texas, will consist of 120 affordable housing units for individuals and families of low income
- Equity investor and construction loan lender in affordable housing development Representing in connection with a 59-unit affordable housing development located in Ogden, Utah, covering four separate sites
- Syndicator in 9% new construction LIHTC project The Jackson, Mississippi, project consists of 81 affordable housing units for seniors aged 62 and over. The project has several amenities such as several gathering rooms, a fitness center, and a computer center.
- Investor in affordable apartment complex Represented in connection with an $8 million equity investment in Key’s Pointe Residences, a 68-unit affordable apartment complex in Baltimore, Maryland
/Recognitions
- Nixon Peabody has been named a Tier 1 National firm for Tax Law in the 2025 edition of Best Law Firms®.
