Tax Credit Investments and General Tax Our firm's tax practice group focuses on real estate transactions using the Internal Revenue Code Section 42 tax credit for affordable housing and the Code Section 47 tax credit for historic structures. In addition, we represent our clients in dealing with a variety of general tax matters, including the structuring of real estate transactions, the structuring of partnerships and limited liability company arrangements between investors and developers, and issues specific to tax-exempt entities. Examples of the types of transactions and clients we represent include: Several national syndicators and direct purchasers of the Code Section 42 affordable housing tax credits and the Code Section 47 historic rehabilitation tax credits. These projects have been constructed throughout the nation; Real estate development companies in Maryland and throughout the United States, both for-profit and nonprofit, developing projects using affordable housing tax credits and historic rehabilitation tax credits; Hope VI public housing projects; Code Section 47 historic rehabilitation tax credit projects using master lease structures; Code Section 42 affordable housing tax credit projects using tax-exempt bond financing; Code Section 1031 tax-free real estate exchanges; Joint venture arrangements for real estate investors and real estate developers; and General tax planning for closely held businesses. Group Members