Jay Gilbert: Lawyer with Kutak Rock LLP

Jay Gilbert

Chicago,  IL  U.S.A.
Phone(312) 602-4100

Peer Rating
AV® Preeminent

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Practice Areas

  • Bank Loans
  • Borrower's Counsel
  • Housing
  • Multifamily Housing
  • Single Family Housing
  • HUD -- Housing and Urban Development
  • Tax Credits
  • LIHTC -- Low-Income Housing Tax Credits
  • Real Estate
  • Commercial Lending
  • Acquisitions and Dispositions
  • Construction and Development
  • Public and Affordable Housing
  • Commercial Leasing
University Indiana University, B.A., Economics, 1971
Law SchoolIndiana University School of Law, J.D., 1975
Admitted1975, Illinois; 1996, Wisconsin; U.S. District Court for the Northern District of Illinois

Memberships and Affiliations

American Bar Association (Member, Real Property, Probate and Trust Law Committee, and Forum on Affordable Housing); Illinois State Bar Association (Member, Real Property Law Committee); Chicago Bar Association (Member, Real Property Law Committee)

BornChicago, Illinois, July 20, 1949

Mr. Gilbert, a partner in Kutak Rock's Chicago office, concentrates his practice in the areas of structuring, negotiating, documenting and consummating business and real estate transactions. Prior to joining the firm, Mr. Gilbert had his own law office after 15 years (the last eight years as a partner) with the Chicago law firm of Rudnick & Wolfe (now DLA Piper). In addition to other types of commercial real estate, from the outset of his practice he also has been actively involved in the affordable housing field, where he has represented developers, not-for-profits, investors, lenders, servicers, contractors and housing authorities. Projects have included subsidized and non-subsidized rental and for sale housing. Transactions have typically involved layered financings with various combinations of federally insured loans, state agency loans, loans from municipalities and local housing authorities, tax increment financing and other grants/loans. Equity has been obtained from the syndication of low-income housing tax credits (with and without tax-exempt bonds) and historic tax credits.

Since 2002 Mr. Gilbert and his colleagues in the Chicago office have been the principal outside real estate counsel for the Chicago Housing Authority in connection with its Plan for Transformation. Mr. Gilbert has more than 35 years of experience with the acquisition, disposition, financing and operation of single-family and multifamily residential real estate. He has extensive experience with HUD's mortgage insurance, direct loan, rent subsidy, public housing and neighborhood stabilization programs.

In the business transactions field, Mr. Gilbert has been involved in the structuring, formation and on-going representation of joint ventures, general and limited partnerships, limited liability companies, and for-profit and not-for-profit corporations. He has handled acquisitions (asset purchases, stock purchases, stock-for-stock exchanges and mergers) and dispositions of businesses and various types of business financings. He also has handled various types of shareholder agreements, including voting trusts, restrictive stock agreements and buy-sell agreements.


March 28, 201397 Affordable Housing Apartments Revitalized in Chicago

Kutak Rock represented the owner in securing revitalizing and LIHTC financing for the Bronzeville Senior Apartments in Chicago.

July 2, 2010Kutak Rock's Chicago Office Celebrates 10 Years

January 25, 2010Neighborhood Stabilization Program 2 Awards


July 22, 2010Neighborhood Stabilization Program 3 Focus on Affordable Rental Housing

On July 21, 2010 President Obama signed H.R. 4173-the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Reform Act)-into law, which further expands and refines the Neighborhood Stabilization Program (NSP). Client Alert


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Office Information

Jay Gilbert

One South Wacker Drive, Suite 2050
ChicagoIL 60606-4614


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