Jordan J. Hogness
It’s not just moving numbers around; tax credit work creates a tangible benefit to society.
Contact: P /612.604.6450E /[email protected]
Administrative Contact: Stephanie Francis P /612.604.6728E /[email protected]
Education
University of Minnesota Law School, J.D., magna cum laude, 2015
- Managing Editor, Minnesota Law Review
North Dakota State University, B.S., Political Science, summa cum laude, 2012
Bar Admissions
Minnesota, 2015
My Approach
It can be easy to concentrate on the minutiae of a project and lose sight of the broader picture. Ultimately, tax credit deals are projects that we as a society have collectively decided deliver a social good and should be incentivized. The projects I enjoy working on most are those where I work closely with the client to collaborate on creating housing and opportunities where they are needed most, growing my clients’ business while providing community benefits.
I specialize in the development and financing of real estate projects that utilize federal and state tax incentive programs. I’ve closed deals utilizing federal low-income housing tax credits (LIHTC), federal historic rehabilitation tax credits, and federal investment tax credits (i.e., solar energy credits). Additionally, I’ve closed deals using various tax credits, including state LIHTCs, state historic rehabilitation credits, and various other state incentive programs (including programs focusing on, e.g., abandoned building rehabilitation, industrial site recovery, textile mill rehabilitation, geographically-focused incentive programs, job creation and retention awards, and others). I have a particular focus on federal and state historic rehabilitation deals.
Additionally, I devote a significant amount of my practice to the development and financing of commercial and multifamily real estate projects not involving tax credit financing. Overall, I’ve represented in clients in connection with over one hundred fifty real estate projects.
I’ve closed financing on projects in twenty-seven states and counting, ranging from Californian solar energy facilities to New York City mixed-used developments, from performing arts spaces to sprawling low-income housing facilities, from the historic rehabilitation of an 1830s church to the historic rehabilitation of a NASA research facility. I’ve represented large and small real estate developers, tax credit syndicators, direct tax credit investors, conventional construction lenders, specialized tax credit lenders, units of government, and others.
Prior to joining the firm, I worked in international tax with PwC, designing tax-efficient cross-border structures and analyzing and advising on the tax impact of acquisitions and other transactions.
Outside of work, I enjoy reading and spending time with my wife and two amazing daughters.
Practice Areas
Practicing Tax Credit Financing & Syndication
My Experience
I represent clients in dealing with the tax implications of real estate projects, and in utilizing tax credits and other sources of financing to ensure completion. Prior to joining the firm, I worked in international tax with PwC, analyzing and advising on the tax impact of acquisitions and other transactions.
Representative Matters
- Represented multiple developers in various projects combining low-income housing tax credits (LIHTC) with historic rehabilitation tax credits and other incentives.
- Represented financing parties on various projects with development costs in excess of $100 million.
- Represented seller on largest portfolio sale of senior housing facilities in Minnesota history.
- Represented tax credit investors, and developers, in federal and state historic and other tax credit transactions in Minnesota, Texas, Louisiana, North Carolina, South Carolina, Missouri, Indiana, New York, Missouri, Ohio, Wisconsin, Massachusetts, Pennsylvania, Virginia, Indiana, and multiple other states.
- Assisted tax credit investors in closing solar energy investments in California, Hawaii, Minnesota, and other states.
- Aided local housing authorities in entering developer partnerships in Colorado LIHTC transactions.
- Assisted Fortune 100 company in realigning its global sourcing structure in a tax-efficient manner, taking into account both U.S. federal income and foreign tax implications.
- Worked with large private multinationals to mitigate the impact of the section 965 “toll charge” in advance of the enactment of U.S. tax reform.
- Helped clients, including Fortune 10 company, navigate the impact of tax reform’s new section 951A global intangible low-taxed income provisions on their international structure.
- Aided in adjusting international structures to take into enacted and anticipated foreign tax reforms, including changes stemming from CJEU decisions and the OECD BEPS initiative.
- Qualified client facility for Minnesota qualified data center exemption, providing a long-term sales and use tax exemption and multi-million dollar sales and use tax refund.