Frank A. Hoffman is President of Strategus LLC. With over 35 years of experience in innovative financing and incentive procurement for all types of for profit and nonprofit businesses, Frank often takes the lead as the project finance and incentive manager for Strategus client projects.
Frank's prior professional experience includes being:
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a partner with the law firm of Ice Miller for 7 years (2016-2023);
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a partner with the law firm of Krieg DeVault for over 25 years (1991-2016);
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executive vice president and in-house general counsel for Landmark Corporation, a real estate private placement securities firm (1985 to 1991); and
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a tax advisor - PriceWaterhouseCoopers (f/k/a Coopers & Lybrand) (1982-1985).
He is a frequent speaker on the subject of New Markets Tax Credit transactions, and has presented more than 1,000 times on NMTC and other complex economic development incentive topics over the past 10 years.
As a Rector Scholar, he holds a bachelor’s degree in economics from DePauw University (1979), and a J.D. with a concentration in taxation and entity formation from the Indiana University Robert H. McKinney School of Law (1982).
Representative Experience
Frank's extensive innovative financing and incentive procurement experience includes the following:
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Structured and managed to close 8 State Investment Tax Credit (Community Revitalization, Industrial Recovery and Venture Capital) Equity Financing transactions resulting in over $23M in State Tax Credit Equity and funding over $120M in total Project Costs.
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Structured and managed to close 18 Federal NMTC Financing transactions that resulted in over $106M in NMTC Tax Credit Equity and funded over $450M in total Project Costs.
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Structured and managed to close the $33 million Federal NMTC financing for the Ivy Tech Community College's Corporate College and Culinary Arts Training Center in Indianapolis that was recently visited by President Obama.
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Structured and managed to close two (2) of the Top 102 New Market Tax Credit Financing Transactions (Marion – Winterfield & Indianapolis – Hoosier Gasket) selected by the National New Market Tax Credit Coalition from over $30,000,000,000 in transactions closed during the first ten years (2002-2012) of the Federal New Markets financing program.
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Led in the formation of New Markets Tax Credit Programs for the Indiana Bankers Association and its 180 member banks (2004, $50 Million Statewide Allocation), the City of Fort Wayne (2008, $15 million City Allocation), the Town of French Lick and seventeen (17) participating southern Indiana counties focusing on rural projects (2009, $50 million Southern Indiana Allocation) and the City of Indianapolis (2010, $32 million City Allocation).
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Structured and managed to close 11 Indiana Federal NMTC Transactions since 2005 resulting in over $66M in Federal NMTC Equity invested in Indiana.
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Structured and managed to close Federal NMTC Transactions in Virginia ($65M), Louisiana ($112M) and Kentucky ($42M).
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Structured and managed the combination of Indiana CRED Credit, Local TIF Bond and NMTC to fund $5.5 million start-up manufacturing plant in rural Indiana.
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Structured and managed the combination of local TIF Bond and Federal NMTC to fund a $25 million hotel/indoor waterpark facility in rural Indiana.
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Obtained over $28 million in ARRA economic development incentives and $53 million in permanent financing for Indiana start-up wind turbine component part manufacturers located in small towns in Indiana.
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Structured and managed to closing over $500M in Federal Low-Income Housing and Historic Tax Credit financing transactions.
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Obtained 100% property tax exemption for Section 42 for-profit partnerships.
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Structured the first and only $2.4 million Low-Income Housing Tax Credit equity transaction for Section 42 partnership funded with $6 million of Hope VI funds in Indiana.