Partner at BakerHostetler
Nathan Ware is a member of the BakerHostetler’s Business and Tax Groups, and serves as co-leader of the firm’s Tax Credit Finance and Economic Development Incentives team. He focuses his practice on tax planning and structuring tax-advantaged investments in the context of development and project finance transactions.
He has significant knowledge of many of the federal general business credits (e.g., the investment credit including the rehabilitation credit, the New markets tax credit and the Low-income housing credit) and analogous state tax credit programs. He also has experience with conservation easements and opportunity zones. Notably, he has experience with various other state and local development tools including Property Assessed Clean Energy (PACE) financing, tax-increment financing and tax abatements.
Nathan presents and writes regularly on a variety of tax credit issues. He is also a member of the Novogradac New Markets Tax Credit working group, the Historic Tax Credit Coalition and the Novogradac Opportunity Zone working group.
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.