Apps Akpofure

He | Him | His

Associate

Columbus
T +1.614.462.2692
F +1.614.462.2616

Overview

Apps Akpofure focuses on real estate finance, working with developers, lenders and banking institutions towards the ultimate goal of developing and constructing affordable housing. He guides both individual and corporate clients through the entire process of developing, rehabilitating, financing, purchasing and selling affordable multifamily properties, as well as advises them on the structuring and negotiation of new investments and other complex financing options.

Apps gains a deep understanding of each client's process and how they fit into the overall project picture, enabling him to provide practical advice that leads to a satisfactory conclusion.

Select Experience

  • Lead counsel to developer on the conversion of 255 units from public housing to project-based choice vouchers through HUD’s Rental Assistance Demonstration (“RAD”) program involving the use of 4% LIHTC, tax-exempt bonds and financing from local government agencies.
  • Lead counsel to developer in two Freddie Mac acquisition financing transactions totaling 332 units.
  • Lead counsel to developer in closing RAD conversions of over 500 units.
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Experience

  • Lead counsel to developer on the conversion of 255 units from public housing to project-based choice vouchers through HUD’s Rental Assistance Demonstration (“RAD”) program involving the use of 4% LIHTC, tax-exempt bonds and financing from local government agencies.
  • Lead counsel to developer in two Freddie Mac acquisition financing transactions totaling 332 units.
  • Lead counsel to developer in closing RAD conversions of over 500 units.
  • Counsels individual and corporate clients throughout the entire process of developing, rehabilitating, financing, purchasing and selling affordable multifamily properties, providing counsel on all aspects of conventional, Low Income Housing Tax Credit (“LIHTC”) and HUD-insured financing and refinancing.
  • Lender counsel in connection with construction and bridge loans to LIHTC real estate projects.
  • Advises clients in the structuring and negotiation of new investments and other complex financings, such as projects involving public/private partnerships or mixed financing sources (conventional financing, LIHTC and bonds).
  • Reviews and advises on title and survey matters, frequently rectifying and resolving complex title and environmental issues on mature urban properties.
  • Assists developers and non-profits with investor exits from LIHTC projects and acquisition of investor interests through Purchase Options and Rights of First Refusal.

Recognitions and Memberships

Memberships

  • Ohio State Bar Association
  • Columbus Bar Association

Community

  • Epanoe Nigeria Limited: Board Member
  • Capital University African American Law Alumni Association: Board Member
  • Columbus Center for Human Services: Board Member

Prior Positions

  • Ohio Attorney General Mike DeWine: State Director (2011 to 2013)

Admissions

  • Ohio

Education

  • J.D., Capital University Law School, 2015
  • B.A., The Ohio State University, 2005