Jere G. Thompson

• Housing Authority of the City of El Paso (TX) - Representing the developer and investor in the redevelopment of public housing units into mixed-income and mixed-use neighborhoods for the Housing Authority of the City of El Paso (HACEP). Ballard Spahr assisted in closing the first phase, which will rehabilitate 1,590 low-income housing units. Our client Hunt Development Group joined with HACEP as developer to convert apartments in 13 authority housing complexes to Section 8 RAD units – the first phase of the largest project in the country to close thus far under RAD. We also represented Hunt Mortgage Group, LLC, which provided $59.6 million in long-term, senior debt financing, and Freddie Mac, which is processing the loan through its new Direct Purchase of Tax-Exempt Loans program.
• Portsmouth Redevelopment and Housing Authority (VA) - Representing the developer in RAD transactions for the 178-unit Lexington 1 (Lincoln Park Phase 1) site. Structured deal so that developer affiliates serve as the developer, property manager, and LIHTC syndicator.
  • Dale Homes - Hunt Development has engaged Ballard Spahr as counsel for a 146-unit multifamily rental housing conversion in Portsmouth, Va. Ballard is developer's counsel, environmental counsel, title and survey counsel, and HUD/RAD counsel to Hunt. In addition, Ballard Spahr is also counsel to Freddie Mac on this deal.
• ORIX, USA: Representing ORIX in a $16 million financing of the Daniel Flood Apartments LIHTC Equity Investment
• Red Capital Partners, LLC (RCP): Representing RCP in equity bridge lending for FHA insured LIHTC transactions that bridge LIHTC equity investments during the construction period of multifamily housing projects throughout the United States
• Wells Fargo Affordable Housing Community Development Corporation: Representing Wells Fargo in connection with its investment in LIHTC transactions
• Housing Authority of Savannah (GA) – The Housing Authority of Savannah (HAS) has partnered with Hunt Companies, Inc. on an ambitious three-phase effort to redevelop the Robert Hitch Village housing complex, which was demolished in 2010.
  • Hitch Phase I – A 536-unit, portfolio-wide RAD conversion consisting of four public housing developments.
  • Hitch Phase II – Phase II calls for construction of 100 energy-efficient units in four buildings, consisting of a mix of affordable and market-rate units. Phase II also includes a community center, playgrounds, and picnic area. The development budget of approximately $19 million comprises LIHTC, equity, private loans, and a HAS loan.
• Spartanburg Housing Authority (SC) - Represented the managing member/owner and the developer in the redevelopment of 338 unit multifamily rental housing development located across seven sites in Spartanburg, South Carolina. The transaction involved conversion of apartment units to RAD units and utilized a mix of financing including tax-exempt bonds, an FHA-insured 221(d)(4) loan, local housing authority loans and equity.

Representative Military Housing Transactions

• Ohana Military Communities, LLC ($60,505,000) Military Housing Revenue Class I Bonds (Marine Corps Hawaii Housing Privatization Project) 2015 Series A
• Hawaii Military Communities LLC ($843,144,482) Military Housing Revenue Bonds (Navy Housing Privatization Project)
• Forest City Southern Group, LLC ($127,975,000) Military Housing Taxable Revenue Bonds (Air Force Southern Group Privatization Project) 2011 Series A-1 and ($45,000,000) Taxable Military Housing Revenue Class I Bonds (Air Force Southern Group Privatization Project) 2011 Series A-2
• Fort Irwin Land LLC ($30,629,070) Military Housing 2009 Series A Note
• Fort Jackson Housing LLC ($107,652,615) Military Housing Taxable Revenue Class I Bonds (Fort Jackson Housing Privatization Project) 2008 Series A
• West Point Housing LLC ($133,500,000) Military Housing Taxable Revenue Bonds (West Point Housing Privatization Project) 2008 Series A
• Ohana Military Communities, LLC ($255,470,000): Military Housing Revenue Bonds (Marine Corps Hawaii Housing Privatization Project) 2007 Series A
• Fort Carson Family Housing, LLC ($118,600,000): Taxable Fort Carson Housing Revenue Bonds Series 2006
• Ohana Military Communities, LLC ($843,144,481.80): Military Housing Revenue Bonds (Navy Hawaii Housing Privatization Project) 2006 Series A and (Marine Corps Hawaii Housing Privatization Project) 2006 Series B
• Midwest Family Housing, LLC ($142,430,000): Navy, Midwest Housing Privatization Project
• Fort Benning Family Communities LLC ($466,987,900): Fort Benning Privatization Project
• Utah Housing Corporation ($41,000,000): Boyer Hill Military Housing Project
• Belvoir Land LLC ($512,790,000): Fort Belvoir Family Housing Project
• Fort Irwin Land LLC ($419,525,000): Fort Irwin/Moffett/Parks Family Housing Project
• New York City Housing Development Corporation ($47,545,000): Fort Hamilton Housing LLC Project
• Ohana Military Communities, LLC ($289,000,000): Navy Hawaii Housing Privatization Project for Pearl Harbor

Jere also represents AIG Retirement Systems, Inc. (formerly SunAmerica, Inc.) and Hunt Capital Partners as tax credit equity investor client counsel in connection with new construction and rehabilitation of affordable multifamily housing facilities throughout the United States.