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Affordable Housing and Tax Credit

Experience and know-how are the distinguishing characteristics of our affordable housing attorneys. Our Affordable Housing and Tax Credit Practice Group is a leader among law firms in the United States in this complex and highly specialized area of law.

We represent a variety of clients in the planning and development of affordable housing projects in 35 states, closing more than a thousand transactions involving more than $5 billion in tax-credit syndications, tax-exempt bond financings, numerous subsidies from HUD Mixed Finance and HOPE VI transactions to HOME loans, SAIL loans, SHIP loans and other complex real estate financings and projects.

Affordable Housing and Tax Credit Experience

We represent some of the nation's largest and most successful lenders and developers of affordable housing projects. Our clients include:

  • For-profit and not-for-profit developers
  • Property and asset management companies
  • Lenders, investors and underwriters
  • Municipalities and other governmental entities

We are intimately familiar with the myriad of local, state and federal housing agencies. This exceptional knowledge and experience helps clients active in the development and management of affordable housing projects in any region of the United States.

For example, we have worked on significant affordable housing projects involving dozens of federal and state agencies, including:

  • HUD / FHA
  • Freddie Mac
  • Florida's State Apartment Incentive Loan Program (SAIL)
  • Florida's State Housing Initiatives Partnership Program (SHIP)
  • Florida's Demonstration Loan Program
  • Florida's Home Investment Partnerships Program (HOME)
  • Florida's Multifamily Housing Revenue Bond Program
  • Florida's Affordable Housing Guarantee Program
  • Numerous state and local housing agencies

In regard to our experience in Florida and 34 other states’ affordable housing industries, our services include:

  • Review and assistance in connection with Low Income Housing Tax Credit Applications
  • Review and assistance in connection with State Apartment Incentive Loan Applications
  • Assistance in connection with the appeal of points awarded to various Low Income Housing Tax Credit Applications and SAIL Loan Applications
  • Attendance at various Florida Housing Finance Corporation Low Income Housing Workshop meetings
  • Acquisition of partnerships owning tax credits in various development stages
  • Formation of partnerships for the purpose of acquiring tax credits and developing low income housing
  • Negotiating and closing the syndication of tax credits
  • Negotiating and closing settlements regarding disputes involving partnerships having tax credits
  • Preparation of Private Placement Memoranda for the offering of limited partnership interests in partnerships having tax credits
  • Involvement with respect to certain specific federal tax matters and identification of problematic tax areas and rendering tax opinions
  • Negotiating and closing numerous construction loans for partnerships developing low income housing
  • Negotiating and closing certain permanent loans for partnerships developing low income housing
  • Negotiation of construction and permanent loan commitments
  • Negotiations of tax credit syndication commitments
  • Negotiation and drafting of developers' agreements concerning impact fee waivers, credits or other governmental assistance for affordable housing with numerous local governments, including Orange and Manatee Counties, and the City of Orlando
  • Tax-exempt bond inducements and underwriting assistance
  • Structuring, negotiating and closing tax-exempt bond projects