Frank A. Hoffman

Frank Hoffman concentrates his practice in creative and complex federal, state, and local incentive-based financing transactions and closely-held business organizations. He currently chairs the firm's New Market Tax Credit and Economic Development Incentive practice areas.

Representative Experience

• Created the New Markets Tax Credit Program for the Indiana Bankers Association and its 180 member banks - 2004, $50 million Allocation
• Assisted in the creation of the New Markets Tax Credit Program for the city of Fort Wayne – 2008, $15 million Allocation
• Assisted in the creation of the New Markets Tax Credit Program for the town of French Lick and seventeen (17) participating southern Indiana counties – 2009, $50 million Allocation
• Assisting in the creation of the New Markets Tax Credit Program for the City of Indianapolis – 2010, $32 million Allocation
• Represents ten (10) other Indiana units of government developing new market Tax Credit Programs
• Combined Indiana CRED Credit, Local TIF Bond and NMTC to fund $5.5 million start-up manufacturing plant (Marion, Indiana)
• Combined local TIF Bond and NMTC to fund $20 million hotel/indoor waterpark facility (French Lick, Indiana)
• Closed over $150 million in NMTC financing (2004 to present)
• Created the Wind Energy Manufacturers Associations, Inc. to attract capital investment under ARRA to Indiana in 2009
• Obtained over $28 million in ARRA economic development incentives and $53 million in permanent financing for Indiana start-up wind turbine component part manufactures since February 2009
• Low-income housing tax credit/historic tax credit experience - in-house general counsel/executive vice president for real estate private placement securities firm (Landmark Corporation) (1985-1991)
• Low-income housing tax credit Investor's limited partner counsel - Great Lakes Capital (f/k/a: Indiana Capital Fund for Housing) (Syndicator), National City Community Development Association, Key Community Development Corporation, Terre Haute First National Bank, and Indiana National Bank (1991 to present)
• Low-income housing tax credit lender's counsel – Chase (f/ka/Bank One Indiana, N.A.), Fifth Third Bank - Indiana, Star Financial (1991 to present)
• Low Income Housing Tax Credit General partner's counsel - Pedcor Investments and the Indiana Equity Fund, Inc., an affiliate of the Indiana Housing and Community Development Authority
• Nonprofit advisor - Chairman/Vice Chairman, Indianapolis Housing Agency (1996-1999)
• Obtained 100.00% property tax exemption for Section 42 for-profit partnership
• Structured the first and only $2.4 million LIH tax credit equity transaction for Section 42 partnership funded with $6.0+ million of Hope VI funds
• Converted for-profit affordable housing management company to a non-profit in Indiana
• Obtained court-ordered discharge of $2.0+ million in property taxes for affordable housing property in bankruptcy
• Tax advisor - PriceWaterhouseCoopers (f/k/a Coopers & Lybrand) (1982-1985); Oxford Development Corporation, Anacomp R&D Partnerships

Education

• Indiana University Robert H. McKinney School of Law in Indianapolis, Indiana (J.D., 1982)
• DePauw University, Greencastle, Indiana (B.A., 1979) Rector Scholar

Bar Admissions

• Indiana, 1983

Professional Associations

• National Federation of Independent Business - Leadership Council (1995-present)
• Capital Raising Committee Member for thirteen (13) Indiana New Markets tax Credit Community Development Entities (2002- present)
• Wind Energy Manufactures Association, Inc. – President (2009-present)
• American Wind Energy Association - Member (2009-present)
• European Wind Energy Association - Member (2009-present)
• Danish Wind Energy Association - Member (2009-present)
• Biomass Thermal Energy Council - Member (2010-present)
• CBAI Community Development, Inc. – Director (2003- 2008)
• Affordable Housing Partners, Inc.- Director (1999-2010)
• Indianapolis Housing Agency- Chairman/Vice Chairman ( 1996-1999)
• Indianapolis Mental Health Association - Past President (1990-1993)
• Indianapolis Mental Health Association - Past Board Member (1980-1995)

Awards and Recognitions

• Indiana Super Lawyers, 2009-2012 

Seminars and Presentations

• "Engineering, Economy and Beyond - How to Bring Your Interest in Sustainability to Your Job", Lugar Collegiate Energy Summit, Panelist (Indianapolis, IN, 2011)
• Policy! Policy! Policy! (Indiana Solar Energy Working Group - ISEWG, April 15, 2011)
• Energy Issues in the New Congress (Port-To-Plains Energy Summit - Broomfield, CO, 2011)
• Why Federal Tax and Grant Incentives Are Critical to Wind Energy Expansion in the United States (WindPower Manufacturing & Supply Chain Summit USA - Chicago, 2010)
• Challenges and Opportunities in Wind Power in Indiana (WIndiana, 2010)
• Bio-energy Policy: What about Biomass Thermal Heating (Lugar Center for Renewable Energy Forum Discussion, 2010)
• Presenter at ICLEF Real Estate Master Series (6 years)
• Presenter at over 1,000 New Markets Tax Credit presentations in Indiana (2002-present)
• Presenter at over 1,000 other economic development incentive seminars in Indiana (1983-present)
• Presenter at over 1,000 affordable housing presentations in Indiana (1983-present)