Affordable Housing
Experienced team helping clients construct and preserve affordable housing across the United States.
WHY LOCKE LORD
The lawyers of Locke Lord's Affordable Housing Section are committed to improving lives and neighborhoods. We perform as a team, providing our clients with experience in real estate, tax, finance, construction, environmental and related matters, as needed. Our lawyers combine their legal experience with vast industry knowledge and professional contacts to serve our clients efficiently and effectively.
Over four decades, our lawyers have been at the forefront of growth and innovation, helping to create and use tools that develop and preserve affordable housing. We have closed thousands of development and financing transactions for properties across the United States, capably combining funding sources to achieve our clients' development goals.
In addition to our transactional work, we actively represent clients in administrative matters before local, state and federal agencies, including competitive processes for funding and monitoring for program compliance. We also assist with rule-making and legislative matters that may impact our clients. Our national and regional clients include for-profit and nonprofit developers, lenders, investors, governmental agencies, trade associations, and bond issuers, underwriters and trustees. Representing a variety of parties in the affordable housing industry gives us a breadth of contacts and perspective that benefit our clients in each and every matter.
Representative Programs
- Federal and State Low-Income Housing Tax Credits
- Tax-exempt bonds
- HUD HOME, CDBG-DR, I and RAD
- HUD Section 8 assistance
- HUD 221 and 223 financing
- USDA loan programs and rental subsidy
- Housing Trust Funds
- Federal Home Loan Bank Affordable Housing Program
- Federal and State Historic Tax Credits
- Workforce housing with private equity
- Public/private partnerships
- Opportunity Zones
The breadth of Locke Lord's experience can be seen in just a few of our representative transactions:
- Representing developers in partnership with local housing authorities using low-income housing tax credits, tax-exempt bonds, RAD, CDBG-DR, state property tax exemption and state sales tax exemption
- Representing owners for the disposition or resyndication of their portfolios
- Representing national and regional LIHTC syndicators on the disposition of properties and partnership interests at the end of Year 15
- Crafting creative public/private partnerships to construct or preserve non-subsidized workforce housing