Partner
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Damian Hovancik is a partner in the Corporate & Finance practice and a member of the Affordable Housing and Economic Development & Public Finance industry teams. Clients seek his advice on matters involving federal, state, partnership, international, and exempt organization tax law. He provides structuring and planning advice to real estate investment trusts (REITs), represents developers and investors in affordable housing projects, and provides tax advice related to real estate joint ventures. Damian is also active in IRS and state tax compliance matters, the audit and appeals process, and resulting litigation. He advises international clients on the proper reporting for offshore companies, assets, and financial accounts and guides clients through domestic and offshore voluntary disclosure and compliance initiatives. As a highlight of his practice, Damian is involved in affordable housing projects across the Southeast, working with developers, investors, and project owners in structuring transactions qualifying for low-income housing credits (LIHTCs), historic rehabilitation tax credits (HRTCs), and other state tax credits. He is often invited to speak at affordable housing events on various tax issues that impact the industry. Damian also has a great deal of experience assisting companies in securing incentives and grants from various state agencies as part of his economic development practice. Notably, he counsels a top-tier Fortune 500 company on economic development transactions and compliance matters throughout the U.S.