Tax-Advantaged Project Financing
VLP's Tax-Advantaged Project Financing Group advises developers and investors with respect to the financing of residential, commercial, energy, industrial and mixed-use projects financed with tax-advantaged debt and equity capital structures.
Affordable Housing. VLP advises for- and non-profit developers of affordable housing projects located across the United States. Among other sources, our clients utilize low-income housing tax credits, tax-exempt bonds, conventional and syndicated construction and permanent loans, USDA RD loans, TCAP and Section 1602 exchange funds, and a variety of soft money sources. We also advise on federal, state and local regulatory requirements related to the development and operation of affordable housing, including state property tax exemption and federal and state prevailing wage requirements. We have considerable experience negotiating partnership, credit enhancement and other debt agreements with the major industry participants.
New Markets Tax Credits. We represent borrowers, CDEs and investors in transactions utilizing new markets tax credits to finance a variety of project types. We advise on regulatory restrictions related to NMTC financings, leverage loan structures, the combination of other tax-advantaged sources and utilization in mixed use projects.
Renewable Energy. From utility-scale to rooftop portfolios, we assist developers and land-owners in structuring and using federal investment and production tax credits, Section 1603 grants and various state and local subsidies available to photovoltaic, concentrated solar, wind, geothermal and biomass projects.
501(c)(3) Bonds. We assist nonprofit clients using tax-exempt Section 145 bonds in a variety of underwritten and private placement structures to maximize the efficiency of their debt structure and to provide financing for a variety of projects.