Financing of Affordable Multifamily Housing Acquisitions and Rehabilitations

Represented a regional bank in connection with multiple acquisition and construction loans for affordable multifamily housing developments in Connecticut. The projects involved the acquisition and in-place rehabilitation of approximately 116 fully affordable housing units across two urban locations. The transactions included forward-committed permanent financing through Fannie Mae Mortgage-Backed Securities as Tax-Exempt Bond Collateral (M-TEB), Low-Income Housing Tax Credit (LIHTC) equity investments by the lender, and bond financing through the Connecticut Housing Finance Authority (CHFA), resulting in a complex, multi-layered financing structure.