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McGuireWoods’ Robert Kaplan Writes About Low Income Housing in Tax Credit Advisor
Recent jumps in interest rates and construction costs have caused funding gaps for many multifamily affordable housing developers, but creative tax-exempt bond structuring techniques can free up more financing for such projects, McGuireWoods Washington partner Robert Kaplan wrote in a May 1 article he co-authored for Tax Credit Advisor. Kaplan is a member of the firm’s Public Finance Department. The article explained how affordable housing developers claiming certain Low Income Housing Tax …
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McGuireWoods’ Public Finance Team Plays Key Role in The Bond Buyer’s Southeast Region Deal of the Year
… Finance Law in the 2017 edition of U.S. News – Best Lawyers “Best Law Firms.” In addition, the firm had 19 lawyers listed in banking and finance law in the 2017 edition of The Best Lawyers in America, the most of any firm in the nation.
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McGuireWoods Serves as Bond Counsel for ARRA School Tax Credit Bonds
McGuireWoods recently served as bond counsel to the Virginia Public School Authority (VPSA) in a $61,120,000 pooled qualified school construction bond issue, which is a new type of tax credit bond authorized under the American Recovery and Reinvestment Act of 2009 (ARRA). VPSA's qualified school construction bonds do not pay interest in cash. In lieu of interest, the bondholders receive annual tax credits against their federal income tax liability. Arthur Anderson, a …