Liz Young
Partner
Overview
Elizabeth "Liz" Young advises investors, developers, lenders, private equity groups and other real estate market participants on sophisticated tax credit financing transactions that support affordable housing, historic preservation, community development and renewable energy projects. She helps clients structure transactions, navigate evolving tax laws and align tax strategy with broader business objectives across a range of real estate and community development investments. Her practice combines transactional tax planning, regulatory insight and deep experience with tax-advantaged financing structures affecting pass-through entities, tax-exempt organizations and family-owned businesses.
Liz counsels clients on sophisticated tax structuring, compliance and business planning matters, including real estate transactions, joint ventures and investment vehicles. She brings a practical understanding of the regulatory development and processes that shape the tax rules affecting her clients.
Tax Credit Finance and Syndication. Liz advises sponsors, investors and lenders on transactions involving the New Markets Tax Credit (NMTC), historic rehabilitation tax credit (HTC), low-income housing tax credit (LIHTC), renewable energy tax credits and related state incentive programs. She helps clients structure and syndicate community development projects in an evolving regulatory environment, supporting initiatives that expand affordable housing, rehabilitate historic properties, finance healthcare and educational facilities in underserved communities, and advance solar energy development. Her work includes analyzing financial models, preparing tax opinion letters and drafting private letter ruling requests needed to bring complex transactions to closing.
LIHTC Transactions. Liz counsels syndicators and equity investors on the acquisition and disposition of affordable housing portfolios. She regularly advises clients on transactions that combine LIHTC investments with other community development tax incentives, including secondary market transactions.
Tax-Exempt Organizations. Liz guides tax-exempt organizations through formation, qualification and ongoing compliance matters. She advises on maintaining tax-exempt status, Form 990 reporting and disclosure obligations, governance policies, unrelated business taxable income (UBTI), nonprofit and for-profit organizational structures, and rules governing lobbying and political activities.
Before joining Holland & Knight, Liz practiced at a global law firm in Washington, D.C.
Credentials
- Boston University School of Law, LL.M.
- Suffolk University Law School, J.D., cum laude
- University of Richmond, B.A., magna cum laude
- District of Columbia
- Massachusetts
- U.S. District Court for the District of Massachusetts
- U.S. Court of Appeals for the First Circuit
- District of Columbia Bar, Communities Committee, 2024-Present; Taxation Community, Steering Committee, 2020-2024, Chair, 2020-2021; Passthroughs and Real Estate Committee, Chair, 2013-2017
- American Bar Association, Section of Taxation
- New Markets Tax Credit Coalition
- Historic Tax Credit Coalition
- The Best Lawyers in America, Tax Law, 2020-2027; Real Estate Law, 2027
- Lawyer of the Year, Taxation, D.C. Bar, 2025
- Phi Beta Kappa