Financing Multifamily Housing: Structuring the Low-Income Housing Tax Credit and Tax-Exempt Bonds

Mr. Feller is primarily involved in the tax aspects of financings throughout the country, including new money and refunding financings for the benefit of governmental issuers and 501(c)(3) organizations, including colleges and universities. He represents issuers, underwriters, and outside bond counsel in all matters relating to tax exempt and tax-advantaged bonds. He is also a frequent author and speaker on tax-related issues.

Mr. Leonard is a member of the firm's Tax Credit Transactions Practice. He focuses his practice on the representation of major institutional investors and various other participants in tax-advantaged investing, community development and affordable housing. Mr. Leonard has extensive experience as lead transaction counsel on a wide range of new markets tax credit and low income housing tax credit transactions. Previously, Mr. Leonard served as an executive at a leading tax credit syndicator, where he focused on the preservation of the value of investor equity, including the oversight of a portfolio of underperforming assets, as well as the development and implementation of workout strategies for troubled properties.

Ms. Long represents investors and developers of complex and multi-tiered projects eligible for federal and state low-income housing tax credits and historic rehabilitation tax credits. Her practice encompasses property acquisitions, development, asset management, exit strategies and resyndications of affordable housing properties. Ms. Long counsels clients on all aspects of development and financing, including tax credit structuring, public and private debt, equity investments, refinancing, disposition, and workout of troubled properties. She also represents clients investing in projects eligible for film and production tax credits in several states.

Ms. O'Brien is a partner and member of Chapman's Public Finance Department. She represents clients in a wide variety of housing finance and other public finance transactions, serving as bond counsel, disclosure counsel, underwriter’s counsel, and special counsel. Ms. O'Brien has extensive experience advising on private activity bond financings, including single-family housing, multifamily housing, and 501(c)(3) nonprofit transactions. She also counsels clients on a range of financing structures, such as Mello-Roos community facilities district bonds, Marks-Roos joint financing authority bonds, certificates of participation, revenue bonds, and general obligation bonds. A leader in the public finance community, Ms. O'Brien is a member of Women in Public Finance, where she currently serves on the Board of the San Diego Chapter and previously served as treasurer on the National Board. She is also a member of the National Association of Bond Lawyers, as well as the National Association of Local Housing Finance Agencies (NALHFA) and the Texas Association of Local Housing Finance Agencies (TALHFA), where she serves on the advisory committee.