July 10, 2018
with Alexander Flachsbart
Balch & Bingham LLP
Join us on Tuesday, July 10 @ 10 AM (CST).
Alexander Flachsbart will explain the new tax reform bill and how to benefit developers, business owners and local communities.
Alex Flachsbart counsels governments, nonprofits, investors, lenders and developers on how to incentivize and finance community development. His primary focus is on structuring and deploying creative capital stacks for industrial, commercial, and residential projects, particularly if those projects are in low-income areas. That focus extends to representing both developers and public entities in public-private partnerships to develop everything from student housing to public infrastructure. It also extends to identifying creative financing opportunities for public assets like hospitals and community facilities.
At the federal level, Alex has experience working with borrowers, lenders and other intermediaries on transactions involving New Markets Tax Credits, Historic Tax Credits, and various federal grant and loan programs. He has also written and spoken extensively on Opportunity Zones, a place-based tax incentive program designed to steer equity investments into certain communities, and is a member of a national working group dedicated to clarifying and deploying the program. At the state level, Alex has experience in transactions involving Alabama’s Historic Tax Credit program, the Growing Alabama program, and various state and local incentive programs involving tax revenue sharing, land acquisition and cash rebates via Amendments 666 and 772.
Alex regularly works with economic development professionals and local communities to structure strategies to attract private investment. He identifies and helps his clients pursue potential funding opportunities for community revitalization, authoring almost $10 million in successful grant applications in the last two years alone. From downtown redevelopment to industrial site preparation, Alex counsels his clients on how to use tools like Amendment 772, incentive and zoning policies, revolving loan funds, facade improvement programs, and various federal and state grants to drive economic development.