Affordable Housing Development and Financing
LeadersHal D. Coffey , Ted S. Rozeboom
Clark Hill’s affordable housing attorneys represent and work with a broad spectrum of professionals and stakeholders who initiate and develop affordable housing communities. Our affordable housing lawyers work with for-profit and nonprofit housing developers; community based-organizations; investors; public housing authorities; lenders; syndicators; general contractors; and property management companies.
Clark Hill lawyers structure and close both simple and complex transactions using a full array of federal, state, and local resources devoted to affordable housing including taxable and tax-exempt bonds; the Low Income Housing Tax Program; the New Markets Tax Credit Program; Historic Tax Credits; Solar Credits; HOME; CDBG; Section 108 loans; AHP, RAD, ARPA; and HUD, FHA, and RD lending and refinancing programs.
Clark Hill professionals have the experience and knowledge to assist in every aspect of the development process and to work through regulatory and compliance issues with local public housing authorities and federal agencies like the IRS, HUD, and RD. We also partner with other Clark Hill lawyers for advocacy within the federal regulatory system; construction contract drafting and negotiation; landlord-tenant issues; labor and employment considerations, such as Davis-Bacon wage compliance; and relations with local public housing authorities.