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Multi-Family Affordable Housing: Legal Considerations: Structuring Transactions and Financing Documents That Meet Complex Federal and State Rules

Strafford Publications CLE

November 8, 2011
Panelist
Webinar

Multi-Family Affordable Housing: Legal Considerations

Structuring Transactions and Financing Documents That Meet Complex Federal and State Rules

A live 90-minute CLE webinar/teleconference with interactive Q&A


This CLE webinar will provide real estate counsel with a review of key legal and business considerations for investors and developers. The panel will review the financing tools and options currently available and outline effective strategies for structuring and documenting transactions.

Description

The availability of government incentives for multi-family affordable housing projects creates an opportunity for investors, developers and governmental entities to keep real estate projects moving forward in an otherwise slow market.

Tax-exempt bonds, HUD-insured financing and the syndication of low income housing tax credits are the primary tools for developing new affordable housing or rehabilitating existing affordable housing. To qualify for and maintain these incentives, investors and developers must comply with strict requirements.

Counsel structuring multi-family affordable housing transactions must understand the financing options available and how their clients can qualify, as well as strategies for structuring and documenting transactions that involve multiple layers of incentives.

Listen as our panel of attorneys experienced in negotiating financing packages and structuring deals for multi-family affordable housing explains key legal and business considerations for investors and developers. The panel will review the financing tools and options currently available and outline effective strategies for structuring and documenting deals.

Outline

  • I. Current opportunities and trends in multi-family affordable housing
  • II. Financing options and how to qualify
    • A. Tax-exempt bonds
    • B. Low income housing credits
    • C. HUD programs
    • D. Other government agency loans
  • III. Structuring and documenting deals

Benefits

The panel will review these and other key questions:

  • What financing and other opportunities are driving investors and developers to pursue multi-family affordable housing transactions?
  • What special requirements must investors and developers meet to qualify for government financing incentives?
  • What strategies have proven effective for counsel negotiating financing packages and structuring transactions involving multiple layers of financing and other incentives?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Stuart D. Poppel, Shareholder
Greenberg Traurig, Philadelphia
He concentrates on real estate development, with an emphasis on the development of affordable housing. He represents for-profit and non-profit developers, investors, lenders and housing authorities in the creation of affordable and senior housing projects involving federal low income housing tax credits and historic rehabilitation tax credits. He is a frequent speaker on affordable housing issues.

Sheldon P. Winkelman, Partner
Honigman Miller Schwartz & Cohn, Detroit
He has more than 45 years of experience working on commercial real estate and financing transactions with a particular emphasis on government-assisted housing. He has represented clients in connection with housing programs assisted by HUD, the U.S. Department of Agriculture, the Federal National Mortgage Association and other governmental, quasi-governmental and private agencies and institutions.