Debbie Kleban


Debbie Kleban

Commitment to Clients and Community

I am fortunate to have built a career working with incredible clients and co-workers, and to have developed other strong industry relationships that are true partnerships collaborating toward a shared vision and goal.  I especially enjoy applying expert counsel and guidance in creating solutions for our clients that allow them to maximize the financial benefit of each project and the impacted communities they support.

Since 1998, I’ve been actively involved in various leadership and volunteer roles with Deborah’s Place, the largest provider of housing and supportive services for women in Chicago who are homeless or formerly homeless.

Career Overview

Current Focus:  To sum it up, NMTC! After more than a decade representing clients in affordable housing development and financing space, I shifted my focus to establish our firm’s New Markets Tax Credit (NMTC) team. This is a stellar group of attorneys and paralegals representing a robust client base of QALICBs (borrowers), NMTC investors, and CDEs (lenders) in connection with projects and businesses financed utilizing NMTC allocation.

Highlights: I’m a founding member of Applegate & Thorne-Thomsen and currently leading the firm as its Managing Partner.

Professional Affiliations

Member, New Markets Tax Credit Coalition

Member, Novogradac New Markets Tax Credit Working Group

American Bar Association

  • Member, Forum on Affordable Housing and Community Development Law

Member, Illinois Housing Council

…by the way, you are a stellar attorney. I have had the opportunity to work with attorneys from the best firms all over the country. You are truly among the best and I say so very sincerely, not being one to proffer compliments gratuitously. Thank you for guiding us through your world so deftly!


Our attorneys have a passion for helping our clients reclaim and re-invigorate neighborhoods and cities. We represent developers, tax credit syndicators, investors, tax-exempt community development organizations and public housing authorities. They trust us to get the job done–please come talk with us to learn why you should too.

Let’s Work Together