Low-Income Housing Tax Credit

Overview

The Low-Income Housing Tax Credit (LIHTC) program offers tax incentives to developers and investors who provide rental housing (new or renovated) to low-income persons at reduced rates. BakerHostetler attorneys have extensive experience representing real estate developers in obtaining LIHTC allocations for their projects and creating transaction structures that work for all involved.

Our attorneys understand the multifaceted and complex nature of LIHTC projects and are able to provide developers and sponsors with a full spectrum of essential services from general real estate and financing negotiation and documentation, to more specific LIHTC application review, carryover allocation documentation, tax advice, tax opinion drafting, and advice on work-outs and unwind structures.

Select Experience

  • Currently representing one of the top LIHTC developers in the nation who has rehabilitated thousands of apartment units over the past 10 years in eight states (including Ohio, Michigan, Indiana, and New York).
  • Represented a developer in connection with the acquisition and rehabilitation of affordable housing complexes in Cleveland, Ohio and Denver, Colorado utilizing nine percent LIHTC financing.
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Experience

  • Currently representing one of the top LIHTC developers in the nation who has rehabilitated thousands of apartment units over the past 10 years in eight states (including Ohio, Michigan, Indiana, and New York).
  • Represented a developer in connection with the acquisition and rehabilitation of affordable housing complexes in Cleveland, Ohio and Denver, Colorado utilizing nine percent LIHTC financing.

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