Affordable Housing and Community Development

Our Practice - What We Do
Snell & Wilmer’s Affordable Housing and Community Development Practice focuses on the representation of investors, syndicators, developers and lenders in low income housing tax credit (LIHTC) transactions under Section 42 of the Internal Revenue Code, historic tax credit transactions under Section 47 of the Internal Revenue Code and New Market Tax Credit transactions under Section 45D of the Internal Revenue Code, as well as other available federal income tax credits that can be syndicated to investors. Snell and Wilmer has also represented lenders in financing matters concerning the construction and rehabilitation of multi-family residential housing projects.

Our team involves a collection of attorneys located in each of our six offices from the following practice groups: business and finance, public finance, environmental, governmental relations, real estate, and tax.

Our Attorneys - Who We Are
Our team has the largest presence within the State of Arizona devoted to this practice area. We have experience dealing with sophisticated and complex transactions, and have developed important relationships with a variety of governmental agencies that oversee these programs.

Our Clients - Who We Represent
Snell and Wilmer represents both for-profit and non-profit developers of residential and commercial facilities in connection with a wide variety of projects. Our team has represented clients in multiple aspects of the development process including zoning, drafting and negotiation of development agreements, partnership and corporate matters, pre-development financing, bond financing, bridge financing, permanent financing, real estate tax matters, and historic preservation issues. Included in the full spectrum of legal services provided to developers is our technical experience relating to both federal and state tax issues in connection with LIHTC transactions.

Our Experience - What We've Done
Snell & Wilmer has engaged in the practice of public finance for more than 30 years in Arizona and the Southwest and has extensive experience in municipal financing, including bond financing for projects that also can take advantage of the LIHTC. Snell & Wilmer is nationally known for its wide and extensive experience as bond counsel, counsel to developers and lenders and in the federal tax aspects of public financing.