Partner at Plante Moran
Gordon is one of the leaders of Plante Moran's housing and community development solutions group. He spends 100 percent of his time assisting for-profit and not-for-profit clients with real estate development projects involving tax incentives such as historic tax credits, New Markets Tax Credits (NMTCs), and opportunity zones. He assists clients nationwide in identifying available tax incentives and structuring transactions to optimize the net benefit of these incentives while ensuring compliance with all applicable tax law requirements.
Gordon is known nationally as a technical expert on tax credits and incentives such as NMTCs, historic tax credits and opportunity zones within the accounting industry. As one of the founding members of the housing and community development solutions group, he helped lead our group in achieving a recent milestone by closing more than $2 billion of New Markets Tax Credits, historic tax credits, and state tax credits.
Gordon frequently lectures on opportunity zones, historic tax credits and New Markets Tax Credits for organizations such as IPED, NH&RA, OZ Expo, the National Trust for Historic Preservation, the National Council of SHPOs, the State Bar of Michigan, the Michigan Historic Preservation Network and Heritage Ohio.
Beyond historic preservation tax credits, what other financial tools are available to finance projects? Such incentives are more important than ever with credit markets tightening in the current inflationary high interest rate environment. In this session, we will take an in-depth look at the power of combining available incentives, with a primary focus on New Markets Tax Credits (NMTCs), Opportunity Zones, tax increment financing (TIF), property tax abatements, TMUD, and PACE financing. We will also discuss such practical experiences as considerations related to retaining vs. syndicating federal historic tax credits (HTC), closing HTC and NMTC syndication transactions, obtaining bridge financing, and choosing a good team of consultants to complete HTC projects. By presenting examples of actual deal structuring for some great historic properties, this session shows you how these and other programs work, how they can function together, and how you can work with the government agencies, investors, lenders, accountants, attorneys, and preservation consultants who can bring these incentives to your project. Note: our session is intended for those with a basic knowledge of project development. A significant amount of time is made available for questions so that participants can apply what they have learned. Approved for 1.00 AIA LU credit.