Robert D.

Stephan

Bob brings extensive experience in structuring and implementing complex, tax-advantaged financing transactions to support community development and economic revitalization initiatives. His practice centers on representing community development entities, institutional investors, and project developers in federal and state new markets tax credit transactions. Bob helps clients navigate the intricate regulatory framework governing these specialized financing structures while maximizing their community impact and financial returns.

His new markets tax credit experience includes assisting clients in structuring transactions that combine federal new markets tax credits with other state tax credits, creating pooled loan facilities to support large credit structures, and applying targeted population rules to expand economic opportunities. Bob regularly represents qualified active low-income community businesses and allocatees of federal and state new markets tax credits in transactions throughout the country ranging from manufacturing facilities and mixed-use developments to community facilities and operating businesses.

In addition to his tax credit expertise, he has significant experience in healthcare finance, municipal finance and project finance. Bob has represented commercial banks in providing credit and liquidity support for tax-exempt and taxable financings for municipal, healthcare, and not-for-profit borrowers. He has also served as bond counsel, underwriter’s counsel, and issuer’s counsel in public finance transactions, including enterprise revenue and general obligation governmental bonds and 501(c)(3) and multifamily housing revenue private activity bonds.