Feb. 21, 2024
Herald-Dispatch
Seven years in the making, a major community development project in Huntington, West Virginia is now finally underway. In an article published by the Herald-Dispatch on Feb. 6, officials broke ground on a $50.8 million revitalization of the Prichard Hotel, converting the space into affordable housing and a health center for low-income seniors.
A vision of the Cornerstone Community Development Corporation (CCDC), Nelson Mullins partner Randy Saunders, who also serves as the vice president of CCDC, spearheaded the plan’s efforts. The firm’s affordable housing team, including partner David Leon, of counsel Jerome (Jay) Shuman, Jr., senior associate Jonah Samples, and many others have dedicated a significant amount of time and effort to the project, in both paid and pro bono capacities. In fact, Nelson Mullins attorneys have put in more than 1,075 hours of pro bono work on this matter since 2017.
From the project's inception, through acquisition, negotiation, and financing, including the utilization of tax credits, to closing, Nelson Mullins has been deeply engaged in every aspect. This project is now the largest historic tax credit project in the state's history.
Subscribers can read all about the historic groundbreaking here.
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.