|
Affordable Housing and Community Development
We have combined our expertise in taxation and real estate to help
developers, lenders, investors and non-profits in the areas of
affordable housing and community development utilizing the low income
housing tax credit and other Federal and state programs. We assist
clients in all types of applicable financing and programs, including:
Federal and State Low Income Housing Tax Credits
Tax-Exempt Bonds and Bond Credit Enhancements
Public Housing Mixed Finance and HOPE VI
FHA/HUD Loan Programs
Project-Based Section 8 transactions
CDBG, HOME and other governmental financing sources
Section 236 Interest Reduction Payment Decoupling
Affordable Housing Program Funds
Conventional Acquisition, Bridge, Construction and Permanent Financing
We provide full-service in regard to all aspects of these transactions
from start to finish. The following is a short list of the types of
tasks we handle on a regular basis:
- Assist
with applications for both 9% and 4% credits, including opinion
letters required for South Carolina initial, carryover and
placed-in-service applications
- Advise in
regard to statutory, regulatory and tax compliance matters
- Handle all
real estate acquisition and construction-related matters through out
the life of the project – from the drafting and negotiation of the
purchase contract to the closing of the permanent financing and all
stages in-between
- Negotiate
and provide partnership, loan and tax opinion letters - we have
worked with a range of investors and lenders throughout the nation
- Act as
special or local counsel – we routinely (i) help out-of-state
developers, lenders and investors with projects in our footprint and
(ii) work collaboratively with your existing general counsel
handling certain portions of transactions that require our special
expertise or local knowledge
- Work with
public housing authorities, developers and lenders on large-scale
community development matters, including HOPE VI projects
In most circumstances, we can provide our services in regard to an
affordable housing project on a fixed fee that can be budgeted in
advance.
|