My clients often come to me with complex, structurally challenging transactions. Without tax credit equity, these types of transactions just wouldn’t move forward. It’s highly satisfying to get those deals on track and over the finish line. I love that my projects have a positive impact on lower-income communities, and, in many cases, they preserve historic buildings for future generations.
In his national practice, Daniel Kolodner represents sponsors, lenders, and investors in community development projects using tax credit financing. Bringing more than 20 years of experience, he focuses on complex deal structuring in a variety of transactions that combine tax incentives—notably New Markets Tax Credits (NMTC), Historic Tax Credits (HTC), Low-Income Housing Tax Credits (LIHTC), and Renewable Energy Tax Credits—with state tax credits that mirror them, as well as other financing sources.
Dan’s clients include large and small developers in both the for-profit and nonprofit sectors, Qualified Active Low-Income Community Businesses (QALICBs), Community Development Entities (CDEs), institutional tax credit investors, community lenders, and regional banks. They rely on his tax credit structuring expertise, ability to help various parties collaborate on projects, and skills in crafting creative solutions to difficult problems.
Dan collaborates with clients to complete transactions that provide affordable housing, save and restore historic buildings, and create highly valued neighborhood facilities. He is proud to contribute his time and insights to further the community development mission nationwide. Dan serves on the board of Preservation Massachusetts, participates in the tax credit coalitions for both HTC and NMTC, and lobbies for tax credits on national and state levels. Dan regularly speaks at local and national conferences on tax incentives and complex deal structuring.
Among the many recognitions Dan has garnered in his career is the Paul E. Tsongas Award by Preservation Massachusetts, given to Dan in 2014 for his work on HTC projects across the state. The annual award honors “those who have played an extraordinary role in promoting historic preservation in the Commonwealth of Massachusetts.”
Is the Juice Worth the Squeeze?
I say this quote a lot, so much so that one of my partners gave it to me as a needlepoint to hang on my office wall. I always want to make sure my clients understand the positives and the negatives to using these tax incentive programs, and that phrase tends to drive the point home.
