Affordable Housing & Community Development
Our Affordable Housing and Community Development practitioners provide a broad array of services to lenders, developers, owners, underwriters, federal, state, and local governmental entities, contractors, tenant groups, management companies, equity investors, nonprofit organizations, and others involved with housing and community development projects. Our client base includes all parties interested in the development, financing, restructuring, and acquisition of subsidized and market-rate rental apartment buildings, condominium, town home and single family developments, nursing homes, and assisted and congregate living facilities. Our practitioners consist of a core group of real estate, land use and development, finance, and tax lawyers who are supported, as needed, by members of our firm's corporate, environmental, construction, and litigation areas.
Our Affordable Housing and Community Development practitioners are well versed in all aspects of the HUD, Fannie Mae, and Freddie Mac multifamily and single family financing programs, as well as the various financing vehicles available in the conventional lending market. We routinely represent clients in fixed and floating rate tax exempt and taxable housing revenue bond transactions. Members of the practice group also have experience in the securitization of both individual and pooled GSE enhanced and conventionally financed loans secured by newly constructed and existing residential multifamily and single family projects and by income streams of various real estate properties.
Our finance experience includes the representation of clients in connection with the foreclosure and workout of defaulted loans on multifamily and single family properties, as well as the defense of various types of enforcement actions before federal, state, and local governmental entities.
We serve as counsel to many clients who specialize in the production of affordable housing through the use of both 4 percent and 9 percent low income housing tax credits and historic rehabilitation tax credits.
We are able to put the breadth and depth of our experience to use in the context of large-scale urban and suburban mixed income/mixed use redevelopment projects around the country. These community development projects stimulate the revitalization of traditionally depressed areas by providing affordable rental housing and home ownership for low and moderate income families and opportunities for new commercial and retail enterprises.
For more information on our services in this area, please visit our Affordable Housing section.