Peter Lam is a New York public finance attorney. He has significant experience with affordable housing developments financed with tax-exempt bonds and low-income housing tax credits (LIHTCs), especially at the bond-issuance phase, which involves considerable coordination with the intended LIHTC structure.
With respect to affordable housing projects, Peter has counseled issuers of more than $10 billion of tax-exempt bonds that involved complex pooled financing transactions with parity bond indentures, private placement, and volume cap recycling. He has advised on various issues involving the refinancing of affordable housing projects during construction periods, multiphase projects in and out of Qualified Census Tracts (QCT) and Difficult Development Areas (DDA), and Year 15 options.
Representative Experience
Representative Matters
- Represents Fulcrum Communities, a Colorado nonprofit, as borrower's counsel in a groundbreaking 501(c)(3) tax-exempt bond transaction. This Pilot project facilitated the acquisition of a 3-bedroom townhouse in Parker, Colorado, aimed at providing affordable housing to middle-income tenants. Fulcrum's innovative approach leveraged tax-exempt bonds issued by Colorado Housing and Finance Authority (CHFA) to efficiently acquire and lease housing units to individuals earning between 80 and 120 percent of the area median income, thus addressing a critical shortage in the state. The project involved navigating complex legal challenges, including first in the state of Colorado, to demonstrate that providing middle-income housing aligns with Fulcrum's mission to lessen governmental burdens.
Professional Highlights
Professional Activities
National Association of Bond Lawyers
New York State Association for Affordable Housing
Credentials
Education
New York University School of Law (LL.M. Taxation)
University of Florida Levin College of Law (J.D. with honors)
University of Florida (B.S. with highest honors)
Languages
Conversational Cantonese
Admissions
Florida
New York
U.S. Supreme Court
U.S. District Court for the Southern District of New York
U.S. District Court for the Eastern District of New York