Providing clients an advantage for managing troubled or special tax credit assets with guidance from a skilled team that understands the unique challenges of the syndication and tax credit industry.
As tax credit deals mature—whether in the historic, new markets, low-income housing, renewable energy or other areas—investors and developers are realizing that disputes between partners sometimes arise, and that the investment properties themselves often become troubled. These properties burdened with construction, operational, life-safety or other exit and workout issues have become more commonplace due to significant external economic pressures negatively impacting real estate and financial markets. In this environment, it is critical that investors, developers and lenders manage their risks and enforce their rights as early and strategically as possible.
We are leaders in representing clients in every aspect of the tax credit industry, including providing industry leadership and guidance on inter-partnership disputes, as well as to investors and developers seeking to unwind their interests in tax-credit projects that have matured. We provide early assessments to resolve disputes and problems quickly and, if possible, without litigation. Our team of litigators can also help clients navigate the more difficult waters of regulatory challenges and compliance issues. Where litigation becomes necessary, our team has substantial experience and knowledge in obtaining immediate, effective relief in state and federal courts throughout the country, as well as in alternative dispute forums.
Informed by decades of direct experience involving workouts and litigation in this area, we provide time-tested approaches and strategies that work best for our clients’ objectives.
Bond Buyer | October 22, 2020
This article on the sale of $450 million in taxable social bonds from the California Health Facilities Financing Authority mentions NP as disclosure counsel. This marks the second round of bonds under the state’s No Place Like Home legislation, which was signed by former Gov. Jerry Brown in 2016 to fund housing for unsheltered people with mental illnesses. Los Angeles Project Finance & Public Finance partner Dan Deaton led NP’s work on this deal.