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Real Estate, Development & Construction| Client Successes

Tax Credits Aid Housing and Healthcare Project

Situation

When our financial institution client needed transactional assistance in financing of a multimillion-dollar healthcare center and affordable housing complex in Denver, Colorado, Husch Blackwell was called upon to assist. The complex transaction included components of New Markets Tax Credits (NMTC) and Low-Income Housing Tax Credits (LIHTC).

Result

Husch Blackwell’s team developed solutions to allow our client to provide NMTC financing concurrently with, but separately from, LIHTC financing. The complex replaced an existing healthcare clinic while significantly increasing the facility’s capacity.