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Affordable Housing & Community
Development Finance
Tax Credit Finance & Syndication

Applegate & Thorne-Thomsen, P.C.
Schiff Hardin LLP
Keck Mahin & Cate
Alston & Bird
Judicial Clerk, Chief Judge Alfred A.
Arraj, United States District
Court, District of Colorado

State of Illinois
State of Georgia
State of Colorado

New York University School of Law,
LL.M. Taxation
University of Colorado-Boulder, J.D.
Member, Order of the Coif
Vanderbilt University
B.A. magna cum laude,
English and Philosophy
Member, Phi Beta Kappa

Thomas Thorne-Thomsen

Tom is a founding member of Applegate & Thorne-Thomsen. His practice focuses on (1) the taxation of pass-through entities such as partnerships and limited liability companies, (2) the development of real estate with special tax incentives such as the low-income housing and historic rehabilitation tax credits and (3) community economic development and the utilization of the new markets tax credit. Tom’s clients include developers and equity participants. Tom also provides assistance and counsel to tax-exempt entities in connection with both the application for tax-exempt status and the maintenance of that status.

Tom has written on the low-income housing tax credit and has been a frequent speaker at seminars and conferences on the development of affordable housing and on community economic development with the new markets tax credit. Tom has also served on the Boards of Directors of many not-for-profit organizations, some of which have been involved the development of affordable housing and others that have focused on other social and human rights issues.

In 2009, Tom, along with Ben Applegate, was recognized by Business and Professional People for the Public Interest (BPI) as one of BPI’s “40 Who’ve Made a Difference” for the people of the Chicago Region.


  • Member, President’s Council, Heartland Alliance for Human Needs and Human Rights
  • Founding Member, Heartland Housing, Inc.
  • Former Regent, The Point Foundation
  • Past Member, City of Chicago’s Affordable Housing Task Force
  • Past Member, Bond Leverage Trust Fund Task Force for the Illinois Housing Development Authority
  • Past Adjunct Professor, John Marshall Law School
  • Past Member of the Board of Directors, Chicago’s Howard Brown Health Center
  • Past member and Chairman of the Board of Directors, Century Place Development Corporation


  • “40 Who’ve Made a Difference,” awarded by Business and People for the Professional Interest (BPI)