Affordable Housing and Community Development

 

We have combined our expertise in taxation and real estate to help developers, 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

  • 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 and Virginia applications

  • Advise in regard to statutory, regulatory and tax compliance matters

  • Handle all real estate acquisition and construction-related matters throughout 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 equity, 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 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