Multifamily and Affordable Housing

Multifamily housing is a unique, imperative and highly challenging segment of the real estate industry, requiring the skills, experience, training and resources of those who participate.

Culhane Meadows’ multifamily and affordable housing group offers the recipe necessary for the success of any multifamily project: exceptional talent, experience, creativity, and institutional knowledge and resources. We represent owners, developers, lenders, investors and other interested parties in a variety of multifamily housing transactions. A sampling of our services include:

  • Seeking acquisition, development, construction and other approvals and permits from public, private, community-based, regulatory, governmental and other necessary parties;
  • Negotiating and drafting construction, development, consulting, operational and other service-related agreements;
  • Counseling on all ADC, bridge, and post-construction debt-equity financing, refinancing and recapitalization transactions;
  • Providing oversight and control of all land use, planning, zoning and other related matters;
  • Structuring and negotiating joint venture arrangements concerning ownership, construction, development, property management and asset management matters (including private and public-private partnership (PPP) arrangements);
  • Pursuing developer property tax exemptions, deferrals and abatements, and other development-related incentives and programs;
  • Structuring and closing transactions with “Market Rate” (including Class A, B and C), “Affordable” and “Mixed-Income” housing components;
  • Structuring “layered” financing elements of affordable and mixed-income multifamily properties (including combinations of conventional debt and equity financing, tax-exempt bond, low-income housing tax credit, HUD Section 8, Housing Assistance Program (HAP), Community Development Block Grant (CDBG), and other federal, state and local subsidized financing); and
  • Managing and insuring developer on-going, and post-construction, compliance.

 

In pursuit of our client’s stated objectives, we develop a strategic plan of accomplishment confirming those goals, establishing targeted delivery dates, and developing a plan of implementation. This strategic plan is also based upon the current, and prospective, political, economic and community climate.  An analysis of same is critical to insure essential community engage, and integration with local development plans and initiatives. Our collaborative team approach, coupled with our industry acumen and strategic relationships, will add intrinsic – yet tangible – value to every deal.


*Culhane Meadows is ranked by U.S. News/Best Law Firms in Technology Law, Bankruptcy/Reorganization Law, and Information Technology Law. This website and the communications herein may be considered attorney advertising. Previous results are not a guarantee of future outcome. This website is for informational purposes only and does not constitute legal advice. The information herein is not intended to create an attorney-client or similar relationship. Until you establish such a relationship and receive an engagement letter, you have not hired a Culhane Meadows attorney nor become a client of the firm. Whether you are a new or existing client of the firm, Culhane Meadows must determine that there is no conflict of interest and that it is willing and otherwise able to accept the new engagement before representing you on a new matter. Only if and after Culhane Meadows has informed you it is willing and able to accept your new matter should you send the firm any information or documents that you consider private or confidential. Such information will not be treated as private, confidential or otherwise protected from disclosure until Culhane Meadows has communicated in writing that it is willing and able to accept your new matter and provide you with legal counsel. Whether you need legal services and which lawyer or law firm you select are important decisions that should not be based on this website alone.