Ralph Toye

Ralph Toye is an attorney in Holland & Knight's Boston office and a member of the firm's Tax Credit Transactions Practice. Mr. Toye focuses his practice in the areas of business and tax law, with a primary focus on transactions financed with a variety of tax credits and other tax advantages. Since joining Holland & Knight in 2018, Mr. Toye has developed significant experience representing various stakeholders involved in tax credit transactions financed with complex debt and subsidy structures from public and private sources.

In particular, Mr. Toye's practice emphasizes the structuring and closing of syndicated real estate transactions that qualify for federal low-income housing tax credits (LIHTC), federal historic rehabilitation tax credits, state and local tax credits, and/or federal renewable energy tax credits. Mr. Toye has extensive experience with a variety of affordable housing tax credit projects, including low-income multifamily developments, low-income elderly developments, affordable housing preservation, mixed-use developments and developments financed with other housing programs such as the HOME Investment Partnerships Program, U.S. Department of Housing and Urban Development (HUD) 221(d)(4), 223(f), and 241(a) programs, HUD Section 8 Voucher Program, Community Development Block Grant (CDBG) Program and the HUD 542(b) Risk-sharing Program. In addition, he assists clients with the structuring, negotiation and closing of numerous private placements, proprietary investments and multifund investments.

While in law school, Mr. Toye worked in the legal department at a large utility company where he was exposed to a variety of corporate legal matters, including gathering diligence and other corporate compliance issues. In addition, Mr. Toye worked at the Massachusetts Division of Capital Asset Management and Maintenance (DCAMM) where he was involved in the procurement process.