Presenting LIHTC Proposals In The Best Light For Success
Low Income Housing Tax Credits in West Virginia offer developers an incentive to produce the housing the market needs as the state continues to draw new businesses and industries. The tax credits were created by the Tax Reform Act of 1986. They are used to acquire, develop and redevelop housing properties.
At White Law Offices PLLC, the experienced attorneys will help you explore whether the West Virginia Housing Development Fund (WVHDF) factors into the success of your project by working closely with qualifying developers and local housing authorities.
The lawyers stay current with the changing statutes in this area. They have long-term relationships with local and state government leaders. They understand the intricacies of getting a proposal from beginning to end and how to present these proposals for the best chance of success.
Helping With All Aspects Of LIHTC Projects
They provide legal counsel for nonprofit and for-profit organizations in structuring mixed-finance and mixed-income projects. They can also represent direct investors, equity investors and state housing agencies. The attorneys have experience finding the optimal combination of funds available through HUD and have a successful history navigating the IRS and other regulatory agencies and laws.
The attorneys can help you with:
- Preparing organizational documents for limited partnerships, joint ventures or limited liability company owners
- Analyzing and recommending investment fund structures
- Preparing selling agreements, subscription tax documents and private placement memorandums or prospectus
- Advising on tax issues
The lawyers also have experience providing comprehensive advice regarding investment funds, investors on all deal structures, real estate transactions, tax and business aspects of a transaction and ongoing asset management and workout issues. For developers, they can represent you in all real estate and financing aspects of a tax credit project development, including ongoing operational and compliance matters.
In mixed-finance transactions, they provide consulting services to equity investors, developers, housing authorities, bond issues, lenders, underwriters and other relevant parties. They have experience combining grants from the U.S. Department of Housing and Urban Development with debt and equity from the private sector to create a public or private partnership.
Making West Virginia A Better Place To Live
The attorneys understand the importance of working on renovating and rebuilding our country’s aging public housing stock. They can help you and your organization make West Virginia a better place to live. Contact them at 304-720-1400 to schedule a consultation or fill out an online contact form.