Housing Finance

Our clients include national leaders in senior housing, affordable housing, and other single- and multifamily housing sectors. Our experience in the seniors housing market includes advising on licensing and compliance, as well as resolving issues involving licensing deficiencies, change of ownership procedures, and Medicaid provider agreements.

GSE-Related Financing

We counsel leading national real estate finance and investment companies and similar lenders―as well as borrowers, developers, and other clients―on all aspects of housing finance products. We have developed extensive relationships throughout Fannie Mae and Freddie Mac and have a solid understanding of their loan products, procedural requirements, and preferences. We serve as counsel to Freddie Mac for its tax-exempt bond credit enhancement and securitization programs.

FHA-Insured Financing

We represent private and public lenders, borrowers, and other clients nationwide, counseling on all aspects of HUD-insured financing transactions. Our work has included:

• acquisition, rehabilitation, and new construction loans;
• tax-exempt bond financings credit enhanced by HUD insurance;
• GNMA mortgage-backed securities;
• IRP decoupling transactions; and
• the transfer of physical asset applications.

We are experienced in virtually all of HUD’s multifamily programs and related tax, securities, environmental, and legal issues associated with HUD transactions.

Tax Credits

We represent a broad spectrum of public and private clients. They include housing authorities, for-profit and nonprofit developers, banks, and governmental agencies in affordable housing projects that include financing from tax credits. We assist in navigating the legal issues that can arise from federal Low-Income Housing Tax Credit (LIHTC) transactions.

Our experience includes transactions that combine LIHTCs with state LIHTCs, historic tax credits, New Markets Tax Credits, solar tax credits, and many sources of debt financing.

We also advise clients with Year 15 issues and re-syndications as developments near the end of the LIHTC compliance period. We assist our clients in analyzing the deal’s economics and navigating the evolving dynamics of the equity and debt marketplace.

Multifamily Housing Bonds

Our attorneys represent public and private lenders, underwriters, tax credit syndicators, and government-sponsored enterprises. Transactions include local and private agency programs and the issuance of multifamily housing bonds.

We have served as bond and underwriter’s counsel for state housing agencies nationwide, as well as for numerous local housing finance agencies and authorities. Our bond financing practice consistently ranks among the national leaders in volume handled, as reported by Thomson Reuters.