Tax
Credits

Ellinger & Carr

Low-Income Housing Tax Credits

The Low-Income Housing Tax Credits (LIHTC) program, which began as a part of the 1986 Tax Reform Act, has grown into one of the most innovative and successful affordable housing programs in the country. Utilizing state, federal and local funds and joint ventures with investors, syndications, and large taxpayers which seek tax benefits as well as an investment in the affordable housing efforts in their communities and states all across the nation, LIHTC is a crucial financial component in each and every community. Its range includes very low-income elderly families, as well as workforce housing, historic and adaptive reuse of existing historic structures that can be saved and converted into housing, community rooms, and commercial space dedicated to those communities.

The Ellinger & Carr team is a recognized leader in the affordable housing and LIHTC field, serving as developer counsel, nonprofit counsel, bond counsel, municipal counsel and investor counsel. Susan Ellinger and Steve Carr have practiced in this area collectively for over 70 years, building on Susan’s expertise in nonprofit and housing authority representation, and Steve’s in his corporate investor practice. Their diverse backgrounds create a “dream team” approach to the structuring, navigation, and efficient transactional negotiations and closings involving multiple layers of funding sources. The additions over the years of Heather McDowell with her lobbying and municipal governance expertise, as well as Sarah Goodin with her Corporate Law and Legal Aid background, further enhance the true boutique efficiency of the firm.