The firm's powerhouse housing practice is well known in the industry. Our attorneys represent public and private lenders, underwriters, tax credit syndicators, government-sponsored enterprises, and government agencies in all aspects of housing transactions. These transactions involve state, local, and private agency programs and the issuance of single-family and multifamily bonds, in addition to Freddie Mac, HUD, GNMA, and Fannie Mae programs.

In the tax-exempt bond area, we handle:

  • FHA-insured mortgage transactions
  • Housing bond financings for 501(c)(3) organizations and governments
  • HOPE VI transactions
  • Low-income housing tax credits transactions
  • Market rate 80/20 and assisted living transactions
  • Project-based Section 8 transactions 

We have served as bond counsel or underwriter's counsel for more than one-quarter of the nation's state housing agencies, as well as for numerous local housing finance agencies and authorities. In 2015, Thomson Reuters ranked us 3rd in the nation as bond counsel for single-family housing transactions.

We also represent Freddie Mac on an ongoing basis as counsel for its tax-exempt bond credit enhancement and securitization programs.

Tax Credits

We represent a broad spectrum of public and private clients, including governmental and quasi-governmental agencies and housing authorities, bond issuers, and developers in affordable housing projects that take advantage of tax credits, including those through the federal New Markets Tax Credit (NMTC) program. Our experience includes transactions that combine New Markets Tax Credits with tax-exempt bonds.

The firm's multidisciplinary NMTC team has been active since the NMTC program was established by Congress in 2000 and implemented by the Treasury Department in 2001. The team includes members of the firm's public finance, housing, tax, real estate development, and other practices.

contact

William C. Rhodes
Practice Leader
Tel 215.864.8534
rhodes@ballardspahr.com