Tax Credit Finance

Tax Credit Finance

Novara Dorn has developed a reputation as an accomplished firm in the area of tax credit finance. Our background in commercial real estate and commercial litigation matters gives us a breadth of knowledge upon which to draw for cases involving complex finance issues. Our extensive experience in tax credit financing enables us to be creative in developing solutions that both meet the needs of clients and work with the anticipated and unforeseen commercial issues of a particular project.

Our clients include non-profit and for-profit corporations; property developers; equity investors; and lenders, whom we advise on all aspects of this complex practice area. Central to our tax credit finance practice is a close working relationship with our clients, which enables us to understand their short- and long-term goals, and to structure financing in such a way as to meet those goals.

Knowledgeable Counsel Regarding Federal, State, and Local Tax Credits

For many of the organizations and companies with which Novara Dorn works, tax credit financing is a practical alternative or necessary addition to conventional financing, and may make possible projects for which conventional financing alone is not feasible. Examples of tax credits and other project financing tools with which Novara Dorn assists clients include:

  • New Markets Tax Credits (NMTC)
  • Federal Historic Tax Credits (FHTC)
  • Renewable Energy Tax Credits (RETC)
  • Michigan's grant programs (CRP and MBDP)
  • Various states' job and investment based tax credits (e.g., OH, FL, IA, MO, NC, SC and KS)
  • Brownfields tax credits
  • Local property tax abatements
  • Tax increment finance
  • Job training assistance programs

Structuring financing using tax credits frequently involves intricate layering of equity and debt, with traditional financing often entering the mix as well. This complicated structuring can be risky for the unskilled, involving as it does various regulatory, tax, and commercial challenges; the need for assessment of the available programs most beneficial to a particular project; and the need for a clearly defined exit strategy. At Novara Dorn, we guide clients carefully through the maze of possibilities and toward the success of their projects.

Tax Credit Financing for Non-Profit and Commercial Clients in Michigan and Beyond

We take a broad view of the impact of tax credit financing on our clients' projects and their long-term goals. We take a customized approach to each project, keeping clients involved and informed. We are committed to maximizing our clients' success while minimizing their risk.

Novara Dorn is proud to be the firm that our clients rely on when they need creative financing solutions. Whenever possible, we help our clients avoid tax and regulatory challenges. When unavoidable issues do arise, we help our clients address them promptly and thoroughly.

From our Southfield office, Novara Dorn serves clients in Metropolitan Detroit, throughout Michigan and nationally. We invite you to contact us at (248) 945-0523 or by e-mail to discuss our services and how we can help you.

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