The attorneys of Adams Law Group have represented real estate developers and owners in over 50 affordable multifamily rental housing projects in Kentucky, Indiana, Texas, Kansas, Louisiana, Tennessee, Alabama, and Virginia. Clients include both for-profit and nonprofit organizations. Adams Law Group advises such clients on affordable housing transactions utilizing low-income housing tax credits, historic tax credits, tax-exempt bonds, conventional bank financing, and various national, state and local government funds. Adams Law Group works closely with clients from the application process through funding on both new construction and rehabilitation projects.
Services and areas of experience include:
- Low-income housing tax credits (LIHTC)
- Historic rehabilitation tax credits
- Tax-exempt bonds (both private placements and public offerings)
- Conventional bank financing (construction and permanent)
- Credit enhancement (Fannie Mae, letters of credit, etc.)
- Interest rate swaps
- Government subsidy programs
- Limited partnership agreements
- Formation and organization of all types of business entities
- Negotiation and review of tax credit equity documents
- Negotiation and review of bond documents
- Property acquisition
- Due diligence
- Opinion letters
- Title examination and title insurance
Representative transactions over the past year include:
- Syndication of tax credits combined with issuance of tax-exempt and taxable bonds, interest rate swaps together with Fannie Mae credit enhancement on the permanent debt to build low-income housing project
- Represent nonprofit with the syndication of tax credits and the assumption of USDA Rural Development loans