Tax-exempt bonds can finance many types of multifamily housing, including apartment buildings ranging from a few units in small rural towns, to hundreds of units or even large-scale urban public housing developments, and can include housing dedicated to certain populations such as elderly residents, special needs populations, or artists.
In most cases, affordable housing units must consist of complete living facilities, meaning they must contain spaces and fixtures for sleeping, cooking, eating, living, bathing, and sanitation. This book is a beginner's guide to help attorneys to successfully become more proficient working with tax-exempt bonds.
Alysse Emory Hollis of Cincinnati, OH is a Partner at Jones Day. Her practice includes the structuring and documentation of complex public and private housing finance transactions involving taxable and tax-exempt obligations, federal low-income housing tax credits, state tax credits, and various federal and state subsidies. Ms. Hollis has worked with local governments, underwriters, mortgage bankers, affordable housing developers, nonprofits organizations, HUD officials, GSE's, and banks across the country.
Richard M. Froehlich of New York, NY is the Chief Operating Officer, Executive Vice President, and General Counsel of the New York City Housing Development Corporation (HDC). He directs the Corporation's legal department as well as its bond and finance activities. Under his guidance approximately 100,000 units of low-and middle-income housing continues to be availability in New York City.