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Identifying and procuring public funding sources. As the development process grows in complexity, real estate owners, developers, and investors need legal counsel experienced not only in real estate transactions but in development incentives. We have extensive experience in assessing an existing site, defining the related financing needs, and identifying ways to make a real estate project economically feasible, be it residential, commercial, industrial, or institutional.
Assisting clients in the site selection process, we examine options and provide input on what types of incentives might be available and how they can contribute to making a real estate project cost-effective.
Layering development incentives in order to maximize financial benefits. Our attorneys understand that each incentive and abatement opportunity comes with its own eligibility requirements, and we help clients meet those requirements. In addition, we examine the costs and potential drawbacks of each incentive program, including how certain programs can have offsetting costs that negate some of the financial benefit.
Advising on all types of development incentives, our attorneys assemble teams that help clients expeditiously close complex transactions involving:
Tax credits, including historic rehabilitation tax credits, low-income housing tax credits, new markets tax credits, and opportunity zones
Special districts, including protection, water and sanitation, metropolitan, and business improvement districts
Transportation development districts (TDD)
Community improvement districts (CID)
Tax increment financing (TIF)
Sales and property tax abatements
Other state / local programs
Members of our team also serve in a general counsel role to assist with ongoing compliance and regulatory needs, in order to maintain the maximum financial benefit and to assist in any litigation related to an abatement or incentive program.
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This article was originally published by a www.spencerfane.com . Read the Original article here. .