John S. Bowman, Jr., the President of the Small Deal Fund, TCC Historic Tax Credit Fund VI, L.P. and TCC Historic Tax Credit Fund VII, L.P., is originally from Montgomery, Alabama. John attended undergraduate school at the University of Alabama where he received his B.S. in Commerce and Business with a major in corporate finance and investment management. Upon completion of his undergraduate studies, John attended law school at the University, obtaining his J.D. in 1989.

Following law school John practiced law with Balch & Bingham, LLP, currently the largest law firm in Alabama, for ten years. John was a partner in the firm specializing in real estate, bankruptcy, and both general and business litigation.

In 1999 John left the practice of law, though he maintains his membership with the Alabama State Bar, to take a position as Vice President with Guilford Capital Corporation in Montgomery, Alabama. Guilford, which was established in 1978, and has since been acquired by Credit Suisse in conjunction with Column Financial, was an experienced syndicator of Section 42 Low-Income Housing Tax Credits when John joined the company. John initially worked with the Low-Income Housing Tax Credit and then went on to develop the Historic Tax Credit division at Guilford Capital. The sole focus of the Historic division became identifying and investing in real estate that generated historic rehabilitation tax credits. Under John’s guidance, the division created historic tax credit investment funds for both Regions Financial Corporation and Fannie Mae. When John left Guilford Capital in 2002 he was Senior Vice President and Director of Historic Acquisitions.

In November of 2002, John accepted the position of President of the Small Deal Fund L.P. (“SDF”).  The SDF was created by Tax Credit Capital, LLC to assist developers of historic properties generating less than $2,000,000 in federal historic tax credits in monetizing the tax credits to create equity for the project. Since its establishment, the SDF has closed 78 historic tax credit transactions that have or will generate $45,000,000 in tax credits.  

Due to investor demand and the success of the SDF, Tax Credit Capital launched TCC Historic Tax Credit Fund VI L.P. in June of 2006 (“Fund VI”) to fill a void in the market for projects in the $1,000,000 to $3,000,000 range. Transactions in this range are typically below the thresholds of many institutional investors. Fund VI was a $10,000,000 fund that is now fully specified and closed.

In June of 2007, TCC Historic Tax Credit Fund VII L.P. (“Fund VII”) was created to meet continued investor demand for historic tax credit transactions in the $1,000,000 to $3,000,000 range.