Practice Areas & Industries: Miller Nash LLP

Practice/Industry Group Overview

Miller Nash has significant resources to assist in the development of affordable and special-needs housing. Through our experience and representation of developers, owners, and operators of residential rental housing, government agencies, commercial and government lending institutions, syndicators, and investors, we have the knowledge and expertise that is required to develop housing in today's and tomorrow's economic and regulatory climate.

Services Available

The firm's affordable housing law practice focuses on all aspects of the acquisition, development, financing, ownership, and operation of low- and moderate-income and special-needs housing. Members of the firm have expertise in entity formation, syndication and securities offerings, taxable and tax-exempt financings, federal and state housing programs, federal and state taxation, and issues related to the low-income housing tax credit and historic rehabilitation tax credit. The firm is on the cutting edge with respect to developing new methods of affordable housing finance, never losing sight of the public's need for affordable and special-needs housing.

Miller Nash represents investors and syndicators in connection with the acquisition of limited partnership interests in tax-credit-financed housing partnerships. We have experience in tax-exempt bond financing of affordable housing and also represent a number of lending institutions that actively finance affordable and special-needs housing projects. We represent a variety of developers of affordable-housing properties, including community development corporations, government agencies, and for-profit and nonprofit developers of affordable housing.

This diverse experience allows us to anticipate the concerns and issues that developers, lenders, and investors often face as a result of complex financing structures. We believe this experience allows transactions to close more efficiently, saving time and money. The development of affordable housing requires complex layering of financing, which often has distinct and sometimes conflicting regulatory restrictions. We work hard to structure transactions from the outset to avoid conflicting provisions or financing terms that result in lost opportunities.

Affordable housing is a multidisciplinary practice involving securities law, taxation, real estate, commercial finance, partnership law, natural resources and environmental regulation, and governmental relations. Lawyers working in our affordable-housing finance practice rely on the firm's expertise in many related areas.