Tax-Credit Syndication
Robinson+Cole advises developers, sponsors, syndicators, and other project participants on various state and federal tax-credit programs including low-income housing tax credits, historic tax credits, new markets tax credits, energy credits, and brownfield credits. We understand the complexity of each tax-credit structure and work with clients to identify issues early on in the closing process. We also advise clients on project structuring strategies to maximize available tax credit equity.
We negotiate partnership and operating agreements and advise clients on investor rights, capital-contribution obligations, development guarantees, adjusters, net-cash-flow distributions, reporting requirements, compliance obligations, and exit strategies. Our team coordinates investor diligence and closing requirements and integrates tax-credit equity with the project's loan, bond, development, and regulatory documents.
Our experience includes LIHTC transactions, historic tax-credit transactions, and developments that combine tax-credit equity with tax-exempt bonds, public subsidies, subordinate financing, and other public and private funding sources. We coordinate federal and state tax-credit requirements with financing, development, ownership, and affordability requirements. As bond counsel, we help ensure alignment among bond tax requirements, LIHTC requirements, historic tax-credit requirements, qualified residential rental project rules, and applicable regulatory agreements.
We also advise on transactions that incorporate additional tax-incentive and community-development financing structures, helping clients maximize available sources of capital while maintaining consistency across financing, ownership, and compliance obligations.
Through careful coordination of investor, financing, tax, and regulatory requirements, we help clients establish structures that support project development, tax-credit delivery, regulatory compliance, and long-term project success.






