Affordable Housing & Community Development

Representative Experience

• Negotiated and documented permanent mortgage financing for $25 million loan for Great-West Life & Annuity Insurance Co. for the construction of a 318-unit market-rate apartment complex on a former industrial site.
• Structured, managed and closed $15.7 million deal to transform 51 undeveloped acres in Middleton, Wisconsin into a market-rate residential living complex. Work included securing project approvals, structuring the project as a commercial condominium, resolving title issues, and assisting with multiple rounds of financing, including construction and tax increment financing (TIF).
• Represented apartment building owner opposing condemnation of his building to create a park, which would have displaced about 200 residents. The city’s parks superintendent reversed course and the Board of Park Commissioners voted against the proposed condemnation.
• 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 for the construction of a $62 million Passive House-certified affordable residential development.
• Helped Frisco Lofts LP obtain tax abatement, close its tax-exempt bond financing, and complete syndication of federal and state low-income housing and historic tax credits to convert the historic Landmark Building in downtown Springfield, Missouri, into new affordable housing for the physically disabled.
• Represented financial institution in financing a multimillion-dollar healthcare center and affordable housing complex in Denver. We developed solutions to allow our client to provide NMTC financing concurrently with, but separately from, LIHTC financing.
• Represented rapidly growing real estate developer in financing, transactional, and related legal issues concerning the revitalization of several buildings in midtown Kansas City, Missouri, including a $58 million, 600-unit multifamily project that involved $38 million in state revenue bonds, $5 million in tax increment financing (TIF), a tax abatement program, and a historic tax credit component.
• Represented nonprofit affordable housing owner in the acquisition of six multifamily low-income housing tax credit (LIHTC) properties with an aggregate purchase price of approximately $47 million.