Applegate & Thorne-Thomsen, P.C.

For residents and organizations across Illinois seeking expert legal guidance in the intricate world of real estate, particularly within affordable housing and community development, Applegate & Thorne-Thomsen, P.C. stands as a highly respected and experienced firm. Founded in 1998, this Chicago-based law firm has carved out a national reputation for its dedication to fostering healthy communities and creating economic opportunities through legal excellence. They are known for navigating the complex legal landscape surrounding real estate development, ownership, financing, and investment. Their commitment goes beyond mere legal representation; they partner with clients to ensure projects that strengthen communities come to fruition. With a deep understanding of multi-layered finance transactions, tax credit applications, and various federal and state funding programs, Applegate & Thorne-Thomsen, P.C. is a go-to resource for anyone involved in impactful real estate ventures across the state. They have become a crucial ally for developers, investors, lenders, tax-exempt community development organizations, and public housing authorities, delivering tailored strategies and innovative solutions to complex challenges.

The firm’s approach is rooted in collaboration and a genuine desire to see communities thrive. They believe that by facilitating the legal processes for essential projects like affordable housing, schools, healthcare facilities, and community centers, they contribute directly to the well-being and growth of Illinois’s diverse neighborhoods. Their extensive track record in both local and national projects speaks volumes about their capability and commitment. If you are an Illinois resident or organization looking to understand the legal intricacies of real estate development, or if you need robust legal support for community-focused projects, Applegate & Thorne-Thomsen, P.C. offers a blend of professional expertise and a community-centric ethos.

Conveniently located in the heart of Chicago, Applegate & Thorne-Thomsen, P.C. makes its services accessible to clients throughout Illinois. Their office is situated at 425 S Financial Pl UNIT 1900, Chicago, IL 60605, USA. This prime downtown location offers excellent accessibility via public transportation, making it easy for clients from various parts of the Chicagoland area and beyond to reach them. The firm’s presence in a central business district ensures that they are well-connected to key financial institutions, governmental agencies, and other relevant entities, which can be advantageous for clients undertaking large-scale real estate and community development projects.

For those traveling by car, the Financial Place area provides various parking options, although typical downtown parking considerations apply. The building itself is a prominent fixture, making it easy to find. Being in Chicago’s central business district also means clients can often combine their legal consultations with other business engagements they might have in the city. The firm’s strategic location underscores their dedication to serving the Illinois community by being readily available and integrated into the state’s economic and legal hub. This central presence allows them to effectively collaborate with clients and stakeholders on a wide range of projects, from local community initiatives to larger statewide developments.

• Tax Credit Finance & Syndication: Applegate & Thorne-Thomsen, P.C. possesses extensive expertise in navigating the complex world of various tax credits, including Low-Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), Historic Tax Credits (HTC), renewable energy credits, and state tax credits. They guide clients through the intricate processes of utilizing these credits for financing and investment in affordable housing and community development projects.

• Government Finance: The firm assists clients with a broad spectrum of government financing programs, including those from HUD, FHA-insured loans, Section 8 subsidies, and the Rental Assistance Demonstration (RAD) program, alongside numerous other state and local resources. Their in-depth knowledge ensures clients can effectively secure vital public funding for their initiatives.

• Zoning & Entitlements: Applegate & Thorne-Thomsen, P.C. provides comprehensive legal support for zoning and entitlement matters, helping clients navigate the regulatory landscape to secure necessary approvals for their real estate developments. This includes assistance with land use planning, permits, and compliance with local ordinances.

• Charitable Non-Profit Representation: The firm is a trusted advisor for charitable non-profit organizations involved in community development. They offer tailored legal services to these entities, helping them achieve their mission-driven goals while adhering to relevant regulations and maintaining their non-profit status.

• Commercial Real Estate: Beyond affordable housing, Applegate & Thorne-Thomsen, P.C. handles a wide range of commercial real estate matters, including acquisitions, dispositions, leasing, and financing. Their expertise extends to various property types and transactions, ensuring clients receive robust legal counsel for their commercial ventures.

• Affordable Housing & Community Development: As a cornerstone of their practice, the firm is deeply committed to affordable housing and broader community development initiatives. They represent a diverse client base, from individual entrepreneurs to large public housing authorities, in all aspects of creating and preserving affordable housing and community assets.

• National Leader in Affordable Housing and Community Development: Applegate & Thorne-Thomsen, P.C. has garnered a national reputation for its specialized expertise in affordable housing and community development law. This focus means clients benefit from a deep well of knowledge and experience in this critical sector.

• Embracing Complexity: The firm is known for its ability to tackle highly complex transactions and projects. They do not shy away from intricate legal challenges, consistently finding innovative solutions for their clients, even when dealing with evolving laws and diverse financing structures.

• Collaborative and Client-Centric Approach: Applegate & Thorne-Thomsen, P.C. emphasizes a collaborative working relationship with its clients. They are dedicated to understanding client goals and developing tailored strategies to achieve them, making them a true partner in their clients' success.

• Experienced and Diverse Team: The firm boasts a team of highly experienced attorneys, many of whom have been with the firm for extended periods and are actively involved in the community. Their diverse skill sets and commitment to continuous learning ensure cutting-edge legal advice.

• Commitment to Community Improvement: Beyond their legal practice, many of the firm's attorneys and staff contribute their time and effort to community causes, serving on boards and volunteering with organizations focused on affordable housing and welfare. This demonstrates their genuine dedication to the communities they serve.

• Focus on Impactful Projects: Applegate & Thorne-Thomsen, P.C. actively works on projects that have a tangible positive impact on communities, such as the rehabilitation of industrial parks into multi-tenant office spaces, the construction of mixed-use and mixed-income rental apartments, and the development of commercial spaces that revitalize neighborhoods.

As a professional legal services firm, Applegate & Thorne-Thomsen, P.C. typically does not offer traditional "promotions" or "special offers" in the same way a retail business might. Their value proposition lies in their specialized expertise, deep industry knowledge, and long-standing commitment to their clients and the communities they serve.

However, their commitment to their clients can be seen in their long-term partnerships and their consistent focus on delivering efficient and effective legal solutions that contribute to the success and viability of their clients' projects. They understand the financial complexities of real estate and community development and work to provide cost-effective strategies. Clients often view their comprehensive expertise and dedicated partnership as an invaluable asset that ultimately saves time and resources in the long run.

For specific inquiries regarding fee structures or project proposals, potential clients are encouraged to contact the firm directly to discuss their individual needs and how Applegate & Thorne-Thomsen, P.C. can provide tailored legal support for their specific real estate or community development ventures.

To connect with Applegate & Thorne-Thomsen, P.C. and explore how their legal expertise can benefit your real estate or community development project, you can reach them through the following channels:

Address: 425 S Financial Pl UNIT 1900, Chicago, IL 60605, USA

Phone: (312) 491-4400

Mobile Phone: +1 312-491-4400

For further information, you can also visit their official website, which provides detailed insights into their practice areas, team, and projects.

For anyone in Illinois, from burgeoning developers to established non-profit organizations and public housing authorities, Applegate & Thorne-Thomsen, P.C. offers an unparalleled resource for real estate and community development legal needs. Their deep specialization in affordable housing and community-focused projects means they bring a level of nuanced understanding and practical experience that is hard to match. They are not just lawyers; they are partners in building stronger, more equitable communities across the state.

The firm’s commitment to navigating complex legal and financial structures, particularly those involving various tax credits and government funding, is invaluable for successful project execution. Their proven track record of bringing impactful projects to fruition, from rehabilitating industrial sites to constructing mixed-income housing, directly benefits local economies and improves the quality of life for Illinois residents.

Furthermore, their Chicago Loop location ensures convenient access for clients throughout the state, making legal consultation and collaboration efficient. Choosing Applegate & Thorne-Thomsen, P.C. means choosing a firm that understands the unique challenges and opportunities within Illinois’s real estate landscape. Their ethical, professional, and community-driven approach makes them an ideal legal partner for anyone looking to make a lasting, positive impact on their local community through real estate development.