Situation
When a developer needed a team to handle the deal financing for a socially responsible residential development, our attorneys secured a Chapter 353 property tax abatement from the City of Kansas City, Missouri, and tax-exempt bond financings from the U.S. Department of Housing and Urban Development. We handled multiple segments of the deal in time to meet the closing deadline. Failure to do so would have spelled disaster for the deal and the project would have had to be rebid.
Result
The $62 million Passive House-certified residential development will offer affordable housing where a gritty railroad yard once stood.