Nathan Bernard

/My focus

Community Development

I work with investors and syndicators to apply LIHTCs to help finance the development of affordable housing for working families across the country. I have also structured complex transactions with multiple layers of funding for certain targeted populations such as the elderly and the disabled.

I also work with investors and community development entities in the NMTC field, helping to finance the construction or rehabilitation of hospitals, factories and schools using financing from the sale of NMTCs. These projects help bring jobs and economic growth to historically underserved areas.

Innovative Structuring

Having worked extensively with several different tax credit areas, I have been involved in structuring complex transactions using several sources of financing, including HOME loans, HUD financing and tax-exempt bonds. Sometimes, transactions combine multiple tax credits, such as the recent renovation of a historic hotel in Milwaukee, Wisconsin, that involved state and federal LIHTC and historic rehabilitation (HTC) tax credits. Another transaction combined solar credit and NMTC financing to place solar panels on the roofs of low-income housing developments. These innovative structures cause me to constantly think “outside the box” on the best way to serve clients.

Industry Knowledge

Working with clients at all levels has given me the ability to see a broader picture of the growing trends in our industry and better understand the impact tax incentive financing can have on our communities.

/Looking ahead

I see a lot of opportunity in how public/private partnerships will continue to expand to provide develop and revitalize communities. As demand for tax incentive financing increases, our industry will continue to find new and innovative structures to meet this demand.

/Insights

• “Assessing the Status of the Tax Credit Equity Market in 2024 and Beyond,” IPED’s Learn the Basics: Housing Tax Credits 101, March 13, 2025
• “Assessing the status of the tax credit equity market in 2024 and beyond,” IPED's Learn the Basics: Housing Tax Credits 101, Boston, MA, March 21, 2024
• “Part I— Laying the Groundwork: Sophisticated Tax, Legal and Accounting Issues in Year 15,” IPED's Tax Credit Property Dispositions, Los Angeles, CA, February 29, 2024
• “Part II— How It Plays Out: Sophisticated Tax, Legal and Accounting Issues in Year 15,” IPED's Tax Credit Property Dispositions, Los Angeles, CA, February 29, 2024
• “Valuation Techniques,” IPED's Tax Credit Property Dispositions, Los Angeles, CA, February 29, 2024
• “Using Tax-Exempt Bonds with Housing Tax Credits,” IPED’s Learn the Basics: Housing Tax Credits 101, Boston, MA, March 24, 2023
• “After the closing: avoiding pitfalls during the compliance period,” IPED’s Learn the Basics: Housing Tax Credits 101, Boston, MA, March 25, 2022
• “Assessing the status of the tax credit equity market in 2022 and beyond,” IPED’s Learn the Basics: Housing Tax Credits 101, Boston, MA, March 24, 2022
• “Laying the Foundation: The Basic Rules Governing Today’s Housing Tax Credit Projects,” IPED’s Learn the Basics: Housing Tax Credits 101, Boston, MA, March 24, 2022
• “Tax Twisters and Creative Real Estate Structures,” ABA Forum on Affordable Housing & Community Development Law 2021 Annual Meeting, May 20, 2021