Practice Areas > Affordable Housing
PDF Stearns Weaver Miller’s Affordable Housing practice represents developers who use low income housing tax credits, tax exempt bond financing, and other public and private funds for the construction of affordable housing for low and moderate income households. We also represent some of the nation's largest lenders making construction loans or providing credit enhancement to developers of affordable housing.
Because affordable housing developers compete for tax credits, a successful outcome requires painstaking attention to detail as well as familiarity with all of the governmental programs and agencies that are potential funding sources. Our affordable housing lawyers counsel clients on every aspect of the transaction, including the structure of the project partnership (including the admission of the equity investor as a limited partner), the application for tax credits, the securing of supplemental financing from public and private sources, the review and negotiation of loan documents for every aspect of the transaction, and title, survey and site planning issues. In addition to handling all real estate, corporate and tax matters involved in an individual transaction, we assist clients with post-closing matters such as construction issues, compliance monitoring, and continuing disclosure duties.
We regularly work with lawyers in the Tax Department on issues such as proper structuring of developer fee payments, partnership tax allocations, and related matters. Our Land Use, Zoning, and Environmental Department provides invaluable assistance to our developer clients as they seek to determine the viability of developing proposed multifamily affordable apartment projects. We work with our clients’ in-house staff and professional engineers in seeking governmental approvals needed for proposed developments.
Because affordable housing developers compete for tax credits, a successful outcome requires painstaking attention to detail as well as familiarity with all of the governmental programs and agencies that are potential funding sources. Our affordable housing lawyers counsel clients on every aspect of the transaction, including the structure of the project partnership (including the admission of the equity investor as a limited partner), the application for tax credits, the securing of supplemental financing from public and private sources, the review and negotiation of loan documents for every aspect of the transaction, and title, survey and site planning issues. In addition to handling all real estate, corporate and tax matters involved in an individual transaction, we assist clients with post-closing matters such as construction issues, compliance monitoring, and continuing disclosure duties.
We regularly work with lawyers in the Tax Department on issues such as proper structuring of developer fee payments, partnership tax allocations, and related matters. Our Land Use, Zoning, and Environmental Department provides invaluable assistance to our developer clients as they seek to determine the viability of developing proposed multifamily affordable apartment projects. We work with our clients’ in-house staff and professional engineers in seeking governmental approvals needed for proposed developments.
Affordable Housing
Attorneys
Richard I. Blinderman
Richard E. Deutch, Jr.
Patricia K. Green
Terry M. Lovell
Brian J. McDonough
Kearey O. Wan
Richard I. Blinderman
Richard E. Deutch, Jr.
Patricia K. Green
Terry M. Lovell
Brian J. McDonough
Kearey O. Wan