Tax Advantaged Investing
SNR Denton is widely recognized by investors,
sponsors, syndicators, developers and lenders as the market leader
in the areas of tax advantaged investing and community development
and, more particularly, low income housing tax credits, new markets
tax credits, renewable energy tax credits and historic tax
credits. Given its market share, SNR Denton offers a unique
understanding of the economics of the tax credit business and the
latest trends and developments. Our top-of-the-industry brand
empowers our clients to negotiate from the strongest possible
position, and our depth of expertise is unmatched.
Low Income Housing Tax Credits
SNR Denton offers its clients unparalleled
substantive knowledge and unmatched service when they invest in,
lend to or develop affordable housing projects. We are
authorities in all of the legal disciplines pertinent to the low
income housing tax credit and to the development of affordable
housing generally, including tax, real estate, partnerships and
LLCs, project and bond finance, construction, bankruptcy,
environmental, litigation and government relations. We have
represented some of the world's largest financial institutions and
insurance companies in designing, implementing and growing their
tax credit business, handling everything from a single investment
in a very low income housing project to some of the largest tax
credit transactions ever done, including highly sophisticated
workouts, bankruptcies and credit enhancements.
New Markets Tax Credits
We have been on the forefront of the
development of the NMTC industry since its inception and have
participated in closing NMTC transactions representing more than
US$1.5 billion in investments. We have played a major role in
developing the transaction structures and best practices that are
now widely used in the industry, and we have helped shape the rules
and regulations that govern the program. Whatever our
client’s role may be, our experience in applying NMTC program
requirements in a wide range of transactions enables us to help our
clients structure, negotiate and document their transactions in the
most effective and efficient way.
Renewable Energy
SNR Denton has been active in the forefront of
renewable energy policy for more than a decade, playing key roles
in the development of federal and state renewable energy
rules. We have broad experience in representing lenders,
developers and operators of wind, solar, hydropower, ocean wave,
biomass and biogas energy projects. Our renewable energy tax
credit practice is an important part of a much broader and deeper
energy practice, spanning our public policy, corporate, real estate
and construction practices, and made up of a highly entrepreneurial
team, including a partner who built a successful wind and
hydropower development business. SNR Denton is well
positioned to advise investors and developers in all aspects of
energy tax credit or production tax credit transactions.
Historic Tax Credits
Our attorneys have represented investors and
developers in connection with obtaining tax credits for the
rehabilitation of historic properties, both in conjunction with
other federal and state tax credits (such as NMTC or LIHTC) and on
a stand-alone basis. With experience in the real estate
issues involved in historic rehabilitation, including environmental
and regulatory issues, and a deep understanding of the tax credit
market, SNR Denton can provide assistance in all aspects of a
historic rehabilitation project.
State and Local Tax Credits
We are experienced in a large number of state
and local tax credit programs and are well-versed in project
structures that combine federal and state credits with the same or
different investors. SNR Denton can help investors to
understand state and local tax credit offerings, and developers to
maximize the benefits from various state and local credit
programs.
Areas of Focus:
- Low-Income Housing Tax Credits (LIHTC)
- New Market Tax Credits (NMTC)
- Energy Tax Credits
- Production Tax Credits
- Historic Preservation Credits
- State and Local Tax Credits