Affordable Housing and Community Development

Our Practice

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. Our attorneys have 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 eight offices from several disciplines, including commercial finance, environmental law, governmental relations, real estate and tax. We have experience dealing with sophisticated and complex transactions, and have developed important relationships with a variety of governmental agencies that oversee these programs.

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.