Robinson+Cole regularly advises for-profit developers, nonprofit organizations, housing authorities, and redevelopment agencies on the acquisition, development, management, and financing of affordable housing projects. Our experience includes applying for allocations and incentives, drafting and negotiating acquisition and partnership agreements, facilitating and negotiating financing terms, integrating subsidies, and preparing relevant documentation. We regularly work in tandem with other Robinson+Cole practice groups, such as corporate, tax-exempt organizations, construction, environmental, real estate, land use, and tax, to assist our clients in developing creative strategies to help them achieve their objectives.
Robinson+Cole is one of the premier firms in the representation of both lenders and other participants in complex affordable housing financing transactions. Over the past several years, the lawyers in the Affordable Housing Group have closed approximately $1 billion of loans annually on behalf of commercial banks, investment banks, mortgage banks, letter of credit issuers, private funds, and Fannie Mae and Freddie Mac seller/servicers. We have extensive experience in a broad range of transactions and are well versed in cutting-edge structures for conventional loans, construction loans, tax-exempt bond financings, credit enhancements, and low-income housing tax credit financings utilizing federal, state, and local subsidy and incentive programs. Our strong working relationships with governmental housing authorities and housing finance agencies, across the country, have proven time and again to be instrumental in facilitating these complicated transactions. Group members are also committed to helping clients meet their affordable housing objectives and fulfill their obligations under the Community Reinvestment Act (CRA).
Robinson+Cole has been providing bond counsel services for securities offerings by states, municipalities, public authorities, and agencies for more than 60 years. As one of the first recognized bond counsel firms in the country, we have been listed in The Bond Buyer's Municipal Marketplace (the "Red Book") since the early 1940s. Robinson+Cole ranks among the leaders, both nationally and regionally, as bond counsel and underwriter's counsel. The Public Finance Group has served as bond counsel to housing authorities throughout the country on a wide variety of financings, including capital funds revenue bonds and credit-enhanced transactions, utilizing multiple sources of funding.