Practices & Industries: Affordable Housing

The attorneys specializing in affordable housing have a broad range of transactional experience in issues relating to affordable housing including income tax credit syndication, inclusionary housing agreements, tax-exempt bond financing, redevelopment agency subsidy agreements and related transactions. These attorneys have represented investors, lenders, developers, non-profit agencies and other participants in connection with investments in, and development of affordable housing. They make up an interdisciplinary team drawing from the firm's tax, real estate, business and public finance practice areas. They act as counsel to Community Housing of North County, San Diego Interfaith Housing Corporation, Greater Golden Hill Community Development, MAAC Project, San Diego Community Housing, Alpha III Development, Avalon Communities and the Encinas Group.

The low-income housing tax credit experience includes the representation of non-profit and for-profit developers, general partners and investors.

Representative Matters.

• 106 Units in Chula Vista, California.
• 70 Units in Perris, California.
• 54 Units in San Diego, California.
• 81 Units in Orange Cove, California.
• 170 Units in San Diego, California.
• 61 Units in Tulare, California.
• 72 Units in Pittsburgh, California.
• 81 Units in Madera, California.
• 84 Units in Gilroy, California.
• 120 Units in El Cajon, California.
• 28 Units in San Diego, California.
• 116 Units in Spring Valley, California.
• 42 Units in San Diego, California.
• 28 Units in Vista, California.
• 71 Units in Poway, California.
• 81 Units in Healdsburg, California.
• 56 Units in Oceanside, California.
• 81 Units in Hanford, California.
• 268 Units in Chula Vista, California.
• 116 Units in Victorville, California.
• 28 Units in Carlsbad, California.
• 77 Units in Lancaster, California.
• 262 Units in San Ysidro, California.
• 76 Units in Vista, California.
• 122 Units in San Diego, California.
• 70 Units in Blythe, California.
• 78 Units in Lakeside, California.
• 22 Units in Escondido, California.
• 24 Units in Escondido, California.
• 32 Units in San Diego, California.
• 68 Units in San Diego, California.
• 92 Units in Poway, California.
• 75 Units in Orange, California.
• 22 Units in Oceanside, California.
• 102 Units in Poway, California.
• 132 Units in Delano, California.
• 34 Units in Indio, California.
• 160 Units in Bakersfield, California.
• 104 Units in Turlock, California.
• 10 Units in Encinas, California.

In addition to the low-income housing tax credit syndications, we represent general partners in syndications of limited partnership units to investors. We have been involved in over $150 million of such transactions in the last two years.

The firm also has extensive experience negotiating and preparing inclusionary housing agreements in local jurisdictions. This experience includes the preparation of both "for sale" and "for rent" affordable housing agents, as well as "silent second" financing agreements for the local jurisdictions. The firm also has experience advising clients on compliance with local inclusionary housing requirements.

The public finance practice at Luce Forward has broad transactional experience. Attorneys with the firm have served as underwriter's counsel, developer's counsel, bond counsel and lender's counsel in a wide range of financing in the state of California. The finance practice includes tax-exempt and taxable debt offerings, redevelopment and other "public/private" development and redevelopment, conventional real estate secured finance, letters of credit and reimbursement agreements.