Affordable Housing & Tax Credits
Helping developers, investors, & management provide families with safe, high-quality affordable housing
Providing guidance and reliability
We help our clients with the processes of developing, constructing, rehabilitating, and operating properties for affordable and market rate housing. We facilitate buying, selling, and investing in single affordable housing assets or portfolios of affordable housing. With our comprehensive knowledge of financing options, we help you secure funding through LIHTC, NMTC, HTC, housing and 501(c)(3) tax-exempt bonds, HOME, CDBG, FHLB, AHP, AHF, USDA, HUD, FNMA, Freddie Mac, and local grants and loans. We also help you navigate regulatory approvals and assist in raising funds through opportunity zone funds.
At every step of the way, our dedicated team is ready to support you in achieving your objectives.
We help clients
We offer comprehensive services to our affordable housing clients including forming and structuring relationships to accomplish affordable housing transactions and identifying, negotiating, and closing the most advantageous equity, grant, and construction-to-permanent debt financing options.
To ensure our clients get the best deals possible, we meticulously analyze the numbers and returns behind each deal. We also review and submit applications for all types of financing and obtain necessary approvals for regulatory compliance. We efficiently leverage HUD financing and subsidy programs (including Mixed Finance, HOME, CDBG, RAD, 811, Section 8, 221(d)(4), 223(f), 232, 236, LIHPRHA, Choice Neighborhoods Initiative, and 202), and navigate HUD processes including the 2530 process and the transfer of physical assets process.
Deep affordable housing and tax experience from a multidisciplinary team
Our Affordable Housing & Tax Credit practice has assisted clients in 43 states, as well as Puerto Rico, Guam, and the U.S. Virgin Islands in over 29 years of service.
Attorneys in our practice group, which includes an officer of the Florida Coalition of Affordable Housing Providers, are experienced with housing projects across the country in multiple fields, involving a host of federal agencies, such as HUD/FHA, Freddie Mac, Fannie Mae, USDA, and FHLB.
Our attorneys’ areas of experience include:
- Tax and affordable housing
- State and local government regulation and approvals
- Lending and tax exempt bonds
- Underwriter, trustee, and issuer representation
- New market tax credits, opportunity zones, and EB-5
- Tax refunds, land use, and tax credit condominium
- Real estate acquisition and disposition
- Litigation
- Deal-making
Our clients span all facets of the affordable housing industry
- For-profit and not-for-profit developers
- Investors
- Property managers
- Buyers, sellers, and owners
- Lenders
- Syndicators
- Housing authorities and their instrumentalities and affiliates
- Construction companies
- Brokers
- New market tax credit business owners
- Opportunity Zone Funds
- Faith-based organizations
Nelson Mullins’ Affordable Housing & Tax Credit team has the right experience to help manage the challenges in your business.
- Strong relationships with syndicators, lenders, and governmental agencies
- Detailed document review to ensure the significant amount of documentation properly reflects the business deal and reduces your risk
- Creation of new structures to meet your needs on any particular project
- Relationships with counsel in other states to meet the local law requirements and provide local law opinions
- Relationships with accounting firms to coordinate legal and accounting issues
- Substantial referral base to help with whatever your project needs
Experience
Following is a selected sampling of matters and is provided for informational purposes only. Past success does not indicate the likelihood of success in any future matter.
- Served as counsel for buyers and sellers of existing affordable housing portfolios valued in excess of $1 billion.
- Assisted owners in financing housing totally with tax exempt bond transactions well over $1 million.
- Handled owners’ refinancing of large portfolios to increase cash flow.
- Represented buyers of general partner and developer interests.
- Worked with state allocating agencies to develop programs to meet owner’s specific needs.
- Assisted groups of developers seeking modifications to federal and state tax laws and regulations.
- Represented buyers and sellers in connection with well over 100 acquisitions and dispositions of affordable housing properties.
- Represented non-profit organization that provides affordable housing for people with special needs in one of the first of its kind and involving 9% low income housing tax credits allocated by Florida Housing Finance Corporation.
- Represented a national real estate and management company in the $315 million acquisition and HUD financing for the company’s apartment portfolio.
- Advised and represented clients in shopping center to shrimp farm businesses spurring millions of dollars into low income communities.
We help clients
We offer comprehensive services to our affordable housing clients including forming and structuring relationships to accomplish affordable housing transactions and identifying, negotiating, and closing the most advantageous equity, grant, and construction-to-permanent debt financing options.
To ensure our clients get the best deals possible, we meticulously analyze the numbers and returns behind each deal. We also review and submit applications for all types of financing and obtain necessary approvals for regulatory compliance. We efficiently leverage HUD financing and subsidy programs (including Mixed Finance, HOME, CDBG, RAD, 811, Section 8, 221(d)(4), 223(f), 232, 236, LIHPRHA, Choice Neighborhoods Initiative, and 202), and navigate HUD processes including the 2530 process and the transfer of physical assets process.
Deep affordable housing and tax experience from a multidisciplinary team
Our Affordable Housing & Tax Credit practice has assisted clients in 43 states, as well as Puerto Rico, Guam, and the U.S. Virgin Islands in over 29 years of service.
Attorneys in our practice group, which includes an officer of the Florida Coalition of Affordable Housing Providers, are experienced with housing projects across the country in multiple fields, involving a host of federal agencies, such as HUD/FHA, Freddie Mac, Fannie Mae, USDA, and FHLB.
Our attorneys’ areas of experience include:
- Tax and affordable housing
- State and local government regulation and approvals
- Lending and tax exempt bonds
- Underwriter, trustee, and issuer representation
- New market tax credits, opportunity zones, and EB-5
- Tax refunds, land use, and tax credit condominium
- Real estate acquisition and disposition
- Litigation
- Deal-making
Our clients span all facets of the affordable housing industry
- For-profit and not-for-profit developers
- Investors
- Property managers
- Buyers, sellers, and owners
- Lenders
- Syndicators
- Housing authorities and their instrumentalities and affiliates
- Construction companies
- Brokers
- New market tax credit business owners
- Opportunity Zone Funds
- Faith-based organizations
Nelson Mullins’ Affordable Housing & Tax Credit team has the right experience to help manage the challenges in your business.
- Strong relationships with syndicators, lenders, and governmental agencies
- Detailed document review to ensure the significant amount of documentation properly reflects the business deal and reduces your risk
- Creation of new structures to meet your needs on any particular project
- Relationships with counsel in other states to meet the local law requirements and provide local law opinions
- Relationships with accounting firms to coordinate legal and accounting issues
- Substantial referral base to help with whatever your project needs
Following is a selected sampling of matters and is provided for informational purposes only. Past success does not indicate the likelihood of success in any future matter.
- Served as counsel for buyers and sellers of existing affordable housing portfolios valued in excess of $1 billion.
- Assisted owners in financing housing totally with tax exempt bond transactions well over $1 million.
- Handled owners’ refinancing of large portfolios to increase cash flow.
- Represented buyers of general partner and developer interests.
- Worked with state allocating agencies to develop programs to meet owner’s specific needs.
- Assisted groups of developers seeking modifications to federal and state tax laws and regulations.
- Represented buyers and sellers in connection with well over 100 acquisitions and dispositions of affordable housing properties.
- Represented non-profit organization that provides affordable housing for people with special needs in one of the first of its kind and involving 9% low income housing tax credits allocated by Florida Housing Finance Corporation.
- Represented a national real estate and management company in the $315 million acquisition and HUD financing for the company’s apartment portfolio.
- Advised and represented clients in shopping center to shrimp farm businesses spurring millions of dollars into low income communities.
- Deep transactional experience
- Detailed and organized approach
- Reasoned and persistent approach to negotiations
- Substantial investment in educating our clients in regard to the important issues
- Significant understanding of the economics of the transactions
- Negotiation for both short term and long term benefits for our clients
- Large footprint of experience in many states
