Services | BakerHostetler

Developing, financing and operating critically needed affordable housing requires developers, lenders, investors, governmental authorities and other stakeholders to structure, execute and administer complex capital stacks that incorporate funds from multiple sources, such as equity, public and private debt, and gap-filling financing sources. Such arrangements involve numerous

We serve as regular counsel to a Northeast Ohio-based, vertically integrated affordable housing organization with a portfolio of around 30,000 units and projects located in 26 states. In our capacity as regular counsel, we have represented the client in dozens of acquisitions, dispositions and refinancings and hundreds of millions of dollars in financings involving 4 percent and 9 percent LIHTC equity investments and private activity bonds.
We are regular counsel to a Montana-based affordable housing organization specializing in the development, management and construction of workforce, rent-to-own and low-income multifamily housing developments. We have represented the client in roughly $100 million of ground-up 9 percent affordable projects located throughout the western United States.
We represent multiple financial institutions, large corporate investors and syndicators in 4 percent and 9 percent LIHTC equity investments through proprietary and syndicated funds in projects throughout the United States.
We are counsel to an Ohio-based public housing authority specializing in the development, management and construction of affordable, workforce and mixed-income multifamily properties, RAD conversions, issuance of tax-exempt bonds, and low-income multifamily housing developments. We have represented the client in a roughly $300 million mixture of 4 percent and 9 percent LIHTC transactions and the RAD conversions of over 650 units.