Tax Credit Opportunities
The core competency of Tower Tax Credits, LLC, is the ability to monetize tax credits. This capability exists because of the company's attention to detail when working with both tax credit providers and tax credit investors. While Tower's initial focus is in meeting the needs of the Low Income Housing Tax Credit (LIHTC) market, we are also positioned to meet the needs of the established Historic Redevelopment market, and the developing Energy, Environmental and Entertainment sectors.
HOUSING
Developers of Multi-Family and Elder LIHTC properties can look to Tower Tax Credits for solutions to their state tax credit needs. Whether the project is structured as a 4% or 9% transaction, is a rehab or new construction, or is financed through banking or private placement resources, our company can structure a Tax Credit equity transaction that will make sense to everyone involved. We have the experience to co-operate with both developers and Federal Tax Credit Syndicators in a way that is seamless and effortless. Our hallmark is the ability to facilitate transactions through cooperative interaction with all parties to rapidly come to amenable solutions.
HISTORIC
Although the State of Georgia Historic Tax Credit Program provides limited benefits for the redevelopment of historic buildings, the Federal Program has enough backing to make most projects viable. Tower Tax Credits is a resource for those developers seeking equity from either Federal or State investors. We believe that the continued expansion of the economy and population throughout the state will also expand the market for historic redevelopment. Because of our knowledge of the Georgia market, we can help facilitate the completion of a successful financing.
ENERGY and ENVIRONMENTAL (or GREEN)
The Federal Government recently passed cornerstone legislation for the creation of a myriad of renewable energy tax credit programs. In general, the credits fall into two categories: Production Tax Credits (PTC) for wind, geothermal, biomass, and small hydropower and Investment Tax Credits (ITC) for solar, fuel cells and other technologies. The future of many of these incentives is uncertain with some set to expire at the end of 2008 and others extended or under consideration of extension for several years into the future. At Tower Tax Credits, we believe in the future viability of tax credits that incent the creation and use of efficient energy sources. We continually take the pulse of the market and are prepared to pursue opportunities to provide equity for these important endeavors.
ENTERTAINMENT
Tower Tax Credits has the experience and capability to assist the entertainment industry in the monetization of their tax credits. Depending on the needs of the project, we can adjust capital commitments to assist in the funding during production or quickly provide capital post production. Our goal is to remove the uncertainty surrounding capital raised from your tax credit incentives.