Affordable Housing

Representative Experience

  • Represented a developer in acquisition, development, and financing of mixed-use residential condominium and retail project with ground lease, air rights, land swap, conventional and NMTC loans, and TAD funds.
  • Representation of the National Center for Civil and Human Rights (NCCHR) and an affiliated-entity in obtaining loans subsidized by New Markets Tax Credits (NMTCs) totaling $24 Million to finance construction of an approximately 42,000 square foot museum and event space in Atlanta, Georgia that will include a gallery for the Morehouse College Martin Luther King Jr. Collection and civil rights and human rights exhibitions.
  • Represented developer/owner in acquisition and financing of a multifamily housing project, including FHA 221(d)(4) loan.
  • Represented developer/owner in the refinancing of a multifamily housing project through HUD Section 223(f).
  • National representation of developers, owners and lenders (conventional and mezzanine) in connection with the structuring, acquisition, development, financing and disposition of multi-family projects consisting of over 75,000 units in the aggregate.
  • Representing the Paces Foundation and Walton Communities in connection with closing of HUD/FHA refinancing.
  • Assisted with the closing of a multi-family senior housing transaction for a 100-unit project being developed on property leased from the Atlanta Housing Authority and financed with a $2.2 million FHA-insured 221(d)(4) loan and more than $11 million in tax credit equity.
  • Assisted with the acquisition and construction financing for a 96-unit rental housing facility for seniors.
  • Represented owner/developer, Prestwick Development Company, in transactions involving financing of the acquisition and rehabilitation of rural multifamily housing properties and the transfer and assumption of RD 515 loans from the U.S. Department of Agriculture.
  • Assisted with development and construction financing for an 80-unit senior community sponsored by The Housing Authority of the City of Decatur and financed using conventional debt, state and federal low income housing tax credits, HUD funds and renewable energy credits.
  • Representation of a tax-exempt university and an affiliated special purpose borrower/landlord entity in obtaining $20 Million of debt subsidized by NMTCs to be used to construct an approximately 60,000 square foot facility consisting of museum galleries, art storage and museum infrastructure, theater and classroom space.
  • Representation of a private developer in connection with multi-phase, mixed-income multifamily residential redevelopment project located in Fulton County, Georgia, financed with HOPE VI Funds, Tax-Exempt Bonds and Federal Low Income Housing Tax Credits.

  • Representation of a public housing authority located in Decatur, Georgia, as developer of multi-phase multifamily residential project financed with HUD Capital Funds, HUD Replacement Housing Factor Funds, Tax Exempt Bonds, Energy Credits and Federal and State Low Income Housing Tax Credits.

  • Represented developer/owner of mixed-use urban redevelopment project of over 80 acres in obtaining approximately $80 Million of NMTC- subsidized financing for multiple phases of the development, including approximately 900,000 square feet of office space. The transactions involved 11 different CDE lenders and acquisitions of participations in existing leverage loans to 11 different NMTC investment funds.
  • Representation of a private owner/developer in multiple transactions involving financing of the acquisition and rehabilitation of rural multifamily housing properties involving Federal and State Low Income Housing Tax Credits, including Acquisition Credits, HOME Funds, and the transfer and assumption of RD 515 loans from the U.S. Department of Agriculture.
  • Representation of a developer in acquiring general partner interests and deferred developer fee rights associated with a portfolio of more than 100 LIHTC projects, including due diligence review and structuring the acquisitions, negotiating with project lenders and LIHTC investors to obtain necessary consents and revisions to original LIHTC transaction documents.

  • Representation of a state low-income housing tax credit (Georgia) investor in structuring and selling interests in funds to investors that raised in excess of $80 Million through more than 20 different funds. Representation included structuring a variety of multiple and single investor fund offerings and addressing issues associated with the federal income tax treatment of state credits in such transactions.

  • Representation of a developer in syndicating Georgia low-income housing tax credits available with respect to projects developed by affiliates. Representation included tax planning and structuring for the sale of interests in funds and securities law matters.
  • Representation of a LIHTC investor in acquiring interests in projects throughout the southeast, investing with both for profit and not-for-profit developers. Representation of investor in all phases of the transaction from letter of intent to investment negotiation to investment problem resolutions (including removal and replacement of general partners) to exit from investments (both during and after expiration of the 15-year compliance period.

  • Representation of owner/developer in the acquisition and financing for the rehabilitation of 300-unit rental housing facility for seniors, which included an FHA 221 (d)(4) insured loan, TCAP and HOME financing, as well as low income housing tax credit financing.
  • Representation of numerous other multi-family, single family and mixed-use developments located throughout the southeast and Texas, financed with low income housing, tax-exempt bonds and other subsidized debt, as well as conventional construction and permanent loan financing.
  • Representation of owner/developer in transactions involving low-income housing tax credit (LIHTC) financing of the acquisition and rehabilitation of several rural multifamily housing properties and the transfer and assumption of RD 515 loans from the U.S. Department of Agriculture.
  • Representation of owner/developer for 72-unit multi-family townhouse development located in Thomasville, Georgia, financed with low income housing tax credits and HOME funds.
  • Representation of private developer in connection with multi-phase, mixed-use urban redevelopment project located in Memphis, Tennessee, financed with HOPE VI funds, tax-exempt bonds and low income housing tax credits.
  • Representation in connection with $130 million, multi-phase, mixed-use urban redevelopment project (including multi-family and single-family housing) located in Atlanta, Georgia, financed with HOPE VI funds, tax-exempt bonds, low income housing tax credits and Federal Home Loan Bank AHP funds.
  • Representation for-profit owner/developer in joint ventures with various public housing authorities for the development of housing for seniors using both conventional and subsidized financing.
  • Representation of nonprofit owner/developer in connection with ARRA Section 1602 tax credit exchange financing.
  • Representation of a private owner/developer in the acquisition and financial restructuring of distressed multifamily residential property located in Cobb County, Georgia involving the use of HUD NSP Funds, Low Income Housing Tax Credits and Tax Exempt Bond Financing.
  • Represented major metropolitan housing authority defending claims brought by a member of a redevelopment company against the housing authority for alleged breach of contract and various tort claims. Obtained order of dismissal of all claims against client at the pleadings stage of the litigation. The trial court’s dismissal was affirmed by the Georgia Court of Appeals.
  • Successfully represented the Housing Authority of the City of Atlanta in numerous disputes regarding its HUD-approved Housing Choice Program.
  • Represented an investor in its investment in a senior low-income rental housing development financed with loans from a public housing authority and a loan utilizing tax-exempt bond proceeds, such representation included the drafting and issuance of a tax opinion letter.
  • Represented a developer in completing and submitting its application for low-income housing tax credits.
  • Represented an investor in the negotiation and replacement of the general partner in the owner partnership of a low-income rental housing development.
  • Represented owner / developer of affordable multifamily housing projects in connection with financing comprised of tax-exempt bonds, low-income housing tax credit equity and other government subsidized funding sources.
  • Represented a public housing authority in structuring and financing with HOPE VI HUD grant funds a large master planned community revitalization project with multiple components, including public infrastructure, mixed-income housing and recreational amenities.
  • Represented a developer/owner of senior low-income rental housing project in development and financing with loan from public housing authority and Section 1602 exchange funds loan from state housing agency.
  • Represented a tax credit equity investor in connection with investment in HOPE VI public housing redevelopment project.
  • Represented a developer/owner in development and financing of mixed-use, multifamily rental housing and retail project, including joint venture with faith-based organization, FHA 221(d)(4) loan, and LIHTC equity investment.
  • Represented a developer of multifamily housing development in connection with negotiation and implementation of TAD bonds (tax increment financing) funding from local development authority.
  • Represented a CDE in its formation and allocation of New Markets Tax Credits and subsequent loans to several Qualified Active Low Income Community Businesses.
  • Represented an owner/developer of affordable multifamily housing projects in connection with financing comprised of tax-exempt bonds, LIHTC equity investment, and various other government subsidized funding sources.
  • Represented a developer in negotiating master development agreements with public housing authorities and other government agencies for public/private partnerships.
  • Representing Integral Properties in connection with the redevelopment of several public housing projects in Atlanta, using federal tax credits and tax-exempt bond financing.
  • Representing NuRock Properties with respect to the development and financing of numerous multi-family affordable housing complexes in Georgia, Florida and Texas, using federal tax credits and tax-exempt bond financing.
  • Represented local housing authority in multiple tenant disputes including claims for wrongful eviction.