The housing industry was hit hard by the recession, causing a slowdown in the development of new projects and the rehabilitation of aging complexes that has resulted in unprecedented pent-up demand, especially for affordable housing. Now that the economy is on the road to recovery, interest in a variety of housing transactions is on the rise.
At the same time, government support of housing projects is decreasing, forcing developers, investors, syndicators, lenders, and governmental agencies to approach housing development more creatively, building more vibrant, affordable, and sustainable communities.
And Ballard Spahr’s Housing Plus blog is keeping close watch on these evolving trends.
Our knowledgeable bloggers are tracking a variety of issues relating to the development and financing of housing, including real estate issues, HUD programs, tax credits, and bonds as well as policy considerations. We also are addressing key concerns outside of the traditional development context that are relevant to housing, such as labor and employment, social media, energy, health care, environmental compliance, and EB-5 Immigrant Investment Program issues and opportunities.
Ballard Spahr’s housing practice, one of the largest in the country, has long been a leader in providing innovative and practical advice in the development and financing of affordable housing and community development projects nationwide. Our attorneys assist clients in innovative transactions, combining public housing redevelopment with energy improvements, continuing care facilities, school construction, and transit-oriented development.
We have worked with more than 75 housing authorities nationwide, advising on the demolition, disposition, and development of public housing and other affordable housing projects. We frequently work with private developers and governmental agencies to implement multi-phased, large-scale revitalization projects; obtain HUD regulatory waivers; and structure and close transactions involving capital fund and other private activity bonds as well as private financings using various tax credits. We have assisted in the closing of hundreds of bond transactions as bond and underwriter’s counsel, and in thousands of tax-credit transactions. We routinely represent borrowers and more than a dozen lenders under all of the multifamily programs of Freddie Mac, Fannie Mae, and HUD.
The knowledge and experience of our housing team make Ballard Spahr’s Housing Plus blog a go-to resource for the latest developments in the housing industry and for thoughtful analysis on how the various housing pieces fit to create affordable, sustainable projects for the future.
We hope you will join the conversation.