High-Caliber Virginia Affordable Housing Development Attorney
Attorney Johnson Kanady, III, has gained prominence in the field of affordable housing development. His business law practice focuses on helping real estate developers acquire and utilize appropriate tax credits, form business entities and manage their organizations. Real estate developers from across the state seek out his legal advice and services.
Tax Credit Assistance
In Virginia, developers can utilize at least three types of tax credits for real estate and business development. Low-income housing tax credits, historic rehabilitation credits and new market tax credits. Johnson Kanady is knowledgeable and experienced with the intricacies of each category of tax credit. He is committed to providing informed legal guidance at every step in the process. You will find that he is responsive to your needs and available to answer your questions.
As a partner in the Richmond law office of Kanady & Quinn, P.C., Johnson Kanady, III, provides comprehensive legal representation for real estate development. His services include:
- Application for tax credits
- Formation of business entities
- Construction financing
- Equity financing
- Permanent financing
- Compliance
Historic Rehabilitation and New Markets Tax Credits
Satisfying the requirements for Historic Rehabilitation and New Markets Tax Credits can be difficult and confusing. We will help you at each stage of your development and guide you through the Regulations and laws applicable to such projects.
We are experienced in combining Historic Rehabilitation tax credits with low income housing tax credits (LIHTC) and will help you structure your development to take advantage of the credits and work with you to put together a successful team to obtain the necessary approvals.
New Market Tax Credit projects (NMTC) often involve complex structures with several tiers of investors. An example of a NMTC project for which we provided legal assistance to the developer is the Pyramid Motors building in Lynchburg, Virginia, which is now a medical office complex. We were instrumental in the property acquisition, lease negotiations and closing of the historic and New Markets credit transactions.
Low-Income Housing
Lawyer Johnson Kanady has been a Director of the Virginia Housing Coalition for many years. He has provided legal representation for roughly 100 low-income housing projects across the state. His involvement in these projects extends to providing legal counsel for the non-profit organizations managing the property. He takes pride in the gratifying work he does that helps to make possible safe, clean and affordable housing for the citizens of Virginia.
Contact Us Today
To discuss your real estate development and tax credit issues, please contact us at 804-282-8494 or you can send us an e-mail. Our office is centrally located in historic Bon Air. We can be reached easily from Henrico County, Chesterfield County and the city of Richmond.
