Arthur J. Momjian is chair of the firm's Affordable Housing, Community Development, and Syndication Practice Group and focuses his practice in affordable housing and community development, syndication, finance and loan documentation. Mr. Momjian represents developers, investors, nonprofit organizations and syndicators nationally in affordable housing projects that utilize federal low-income housing tax credits, federal historic rehabilitation tax credits and state low-income housing tax credits.
Mr. Momjian also represents investors, community development entities, and developers nationally in projects developed with the federal New Markets Tax Credit Program. Mr. Momjian has represented investors, and their community development entities, which have made New Markets Tax Credit loans for: the development of a mixed use project at an urban university; a commercial retail center in West Philadelphia; and an auto center in Texas. He has also represented investors which have made qualified equity investments in community development entities which have funded New Markets Tax Credit loans for: a retail and office complex in Harlem, New York; a medical facility in Boston; and a hotel complex in Boston. Mr. Momjian has represented an investor in New Markets Tax Credits which used a leveraged loan structure consisting of tax-exempt bond proceeds. He also represents regional and national banks in the construction and permanent financing of residential, commercial and industrial projects.
Mr. Momjian has represented developers, lenders, syndicators and investors in connection with the development of senior, assisted living and special needs projects in several states, which utilize federal low-income housing tax credits and state and federal subsidy programs.
Admitted to practice in New Jersey, New York and Pennsylvania, he is a member of the Real Property, Probate and Trust Law and the Corporation, Banking and Business Law sections of the American Bar Association. He is a member of the ABA Forum on Affordable Housing and has been a part of the faculty of its annual forum on Affordable Housing and Community Development Law. He has spoken at the annual conference of the National Council of State Housing Agencies, the New Jersey Governor's Conference on Housing and Community Development, the Affordable Housing Conference of the Pennsylvania Housing and Finance Agency, the Conference of the Housing Alliance of Pennsylvania, the Conference of the New Jersey Chapter of the National Association of Housing and Redevelopment Officials, and the Novogradac Tax Credit Developers Conference. He also is a member of the New Jersey State, New York State and Pennsylvania bar associations. Mr. Momjian is a member of the Board of Directors of the People's Emergency Center, and Chairman of the Board of Directors of the People's Emergency Center Community Development Corporation. In 2006, Mr. Momjian was named to serve on a steering committee formed by the Community Affairs Department of the Federal Reserve Bank of Philadelphia and the Housing Alliance of Pennsylvania to develop recommendations to expand single and multifamily rental properties in Pennsylvania that serve low- and moderate-income markets.
Mr. Momjian is a 1982 graduate of Temple University School of Law (LL.M., taxation), a 1978 graduate of Rutgers School of Law - Newark, and a graduate of Columbia University.
•Duane Morris LLP
- Partner, 1998-present
•Mesirov, Gelman, Jaffe, Cramer & Jamieson, Philadelphia, Pennsylvania
- Partner, 1988-1998
- Associate, 1984-1987
•Cooper, Perskie, April, Neidelman & Waghenheim, Atlantic City, New Jersey
- Partner, 1982-1984
- Associate, 1978-1981
•AV Preeminent Peer Review Rated by Martindale-Hubbell
Civic and Charitable Activities
•People's Emergency Center
- Board of Directors
•People's Emergency Center Community Development Corporation
- Chairman, Board of Directors
•Community Affairs Department of the Federal Reserve Bank of Philadelphia and the Housing Alliance of Pennsylvania
- Steering Committee, 2006-present
•Mr. Momjian regularly posts on the Duane Morris New Markets Tax Credit, Affordable Housing, and Super Storm Sandy Blog
•New Opportunities Under the Federal New Markets Tax Credit Program,Mid Atlantic Real Estate Journal, June 12, 2009
•The Development of Real Estate Projects with Federal Tax Credits,Mid Atlantic Real Estate Journal, January 23, 2009
Selected Speaking Engagements
•Speaker, New Markets Tax Credit Conference, Community First Fund, December 10, 2013
•Speaker, New Markets Tax Credit Conference, Community First Fund, November 14, 2013
•Panelist, Fundamentals of Economic Development Finance Seminar, Council of Development Finance Agencies, June 29, 2009
•Panelist, Ask the Legal and Accounting Experts, National Council of State Housing Agencies 2006 Credit Opportunities Workshop, Washington, D.C., January 9, 2006
•Panelist, Advanced Legal Issues in Multi-Family Housing, Pennsylvania Housing Finance Agency 2004 Commonwealth Housing Forum, Harrisburg, Pennsylvania, December 15, 2004
•Panelist, Development, New Financing, and Investment Structures, National Council of State Housing Agencies Annual Housing Credit Conference, Los Angeles, California, June 15-16, 2004
•Panelist, Preservation Programs, National Council of State Housing Agencies 2006 Credit Opportunities Workshop, Washington, D.C., January 9, 2006
•Panelist, Tax Credit Topics, National Council of State Housing Agencies Annual Housing Credit Conference, Los Angeles, California, June 15-16, 2004
•Panelist, When Subsidies Collide, National Council of State Housing Agencies Workshop, Washington, D.C., January 13, 2004
•Panelist, Can We Talk? Negotiating Partnership Agreements, 10th Annual Tax Credit Developers Conference: Laying a Course for a Changeable Market, Miami, January 7-9, 2004
•Panelist, Hot Housing Credit Issues, Annual Conference of the National Council of State Housing Agencies, Seattle, Washington, October 27, 2003
•Panelist, Ask the Experts: Tax Credits - National Overview, 2003 New Jersey Governor's Conference on Housing, Atlantic City, New Jersey, September 23-24, 2003
•Tax Issues in Preservation Transactions, National Council of State Housing Agencies, January Credit Workshop, January 13, 2003
•Financing Assisted Living with Housing Credits, National Council of State Housing Agencies, 2001 National Conference
•Developing Assisted Living Projects for Public Housing Authorities, New Jersey Chapter of the National Association of Housing and Redevelopment Officials, 2001 Annual Conference