Overview
Carlton Fields’ multifamily finance and affordable housing team is experienced in all aspects of affordable and community development matters. We represent clients on all sides of affordable housing financing transactions. We have experience in assisting investors, developers, lenders, public housing authorities, and other stakeholders in negotiating and closing these complex finance transactions across the country.
Navigating the maze of regulations that govern affordable housing projects can be tough. The economic challenges of today’s real estate and financial markets make it even harder. Our work includes FHA-insured and GSE mortgage programs, mixed-finance and RAD transactions, public-private partnerships, regulatory compliance, corporate governance and board issues, and the full complement of construction- and development-related services — environmental, land use, property dispositions, entitlement process, contracting, workouts and restructurings, and litigation when it is needed.
We also often serve as a key adviser for developing specialty finance investment programs, assisting clients with “rescue equity,” and advising clients on Fannie Mae and Freddie Mac preferred equity requirements. This breadth of experience fuels our insight into the real-world application of statutory and other requirements for government housing agencies, housing finance programs, and public-private alliances.
Our team has a century of collective experience in agency lending. Members of our team have held positions as officers within Fannie Mae’s legal department; as general counsel of an agency lender; and as lawyers specializing in agency work in private practice. We have extensive hands-on experience in multifamily and affordable housing finance transactions, a deep understanding of the industry due to our current or prior representation of agency lending’s top producers, and strong relationships with the agencies. We use that experience to find creative, efficient, and successful solutions for complicated transactions.
Our multidisciplinary team combines strong multifamily finance expertise with banking, real estate, tax, securities, construction, environmental, commercial finance, workouts and problem loan resolution, and litigation to provide comprehensive solutions for affordable housing and community development.
Our team handles a wide variety of transactions including those involving:
- Low-Income Housing Tax Credits (LIHTC)
- Tax-Exempt Loans
- HUD Section 8 Financing
- Preservation Rehabilitation Financing
- USDA Section 515
- Lease-Up Loans
- Bond Credit Enhancement/Other Affordability Components
- Green Advantage