4% Tax Credit Projects Financed with Bonds


Wednesday, November 8: 2:00pm – 3:30pm

Hear how the current economic conditions are affecting the bond market, and discover what is new and important in multifamily bond financing. Using tax-exempt bonds and other financing options, learn how to build or rehabilitate affordable housing.


Session Materials:

4% Tax Credit Projects Financed with Bonds Presentations (1.52 MB Adobe PDF File)


Moderator:

Jordan R. Carr, Barnes & Thornburg LLP
Jordan R. Carr is an associate in Barnes & Thornburg's Columbus, Ohio, office. He is a member of the Real Estate Department and the Community Development and Tax Credit Finance Practice Group with a focus on community and economic development, including low-income housing tax credits, new markets tax credits and historic-rehabilitation tax credits, commercial leasing and general real estate matters. Mr. Carr represents syndicators, investors, funds and financial institutions in the acquisition, financing, sale and disposition of interests in real estate developments, as well as in the acquisition of equity interests in low-income housing tax credit and historic-rehabilitation tax credit projects. These transactions frequently involve a variety of funding sources, such as traditional construction and permanent loans, state and federal tax credits, equity, HUDand USDA Rural Development-insured loan products, tax-exempt and taxable bonds, Section 8 and USDA Rental Assistance subsidies, non-profit and governmental grants, and a variety of state and local loan programs. Mr. Carr also represents developers and operating companies in various matters including property acquisitions and dispositions, financing and refinancing real property and equipment, obtaining and granting easements and the negotiation of commercial leases and subleases on behalf of tenants and landlords. Upon graduating from Ohio University with a B.B.A, magna cum laude, Mr. Carr earned his J.D., summa cum laude, from The Ohio State University, Moritz College of Law. He was a member of the Order of the Coif and associate editor for the Ohio State Law Journal. Mr. Carr is admitted to practice in the state of Ohio and the Southern District of Ohio.


Speakers:

Bob Labes, Squire Patton Boggs (US) LLP
Bob Labes (University of Michigan, J.D., cum laude, Order of the Coif, 1988, B.A., with high distinction, 1985). Bob Labes' practice focuses on serving as counsel on complex real estate financing transactions, often by public bodies for the benefit of private entities, primarily in the areas of multifamily housing, healthcare facilities and other nonprofit facilities. He has extensive experience working on transactions involving tax-exempt bonds, low-income housing tax credits, new markets tax credits, historic rehabilitation tax credits, and EB-5 financings. He also has extensive experience working on traditional municipal finance transactions representing local governments on financing matters. Bob has been listed in The Best Lawyers in America® since 2008, an honor based on an exhaustive peer-review process, and he has received the highest ranking for legal ability and professional ethics from the Martindale-Hubbell Peer Review Ratings.

Joseph R. Hague, IV, Red Capital Markets, LLC
Joseph R. Hague, IV, Red Capital Markets, LLC Mr. Hague joined Red Capital Markets, LLC in January 2007. Mr. Hague specializes in structuring tax-exempt, FHA, and Fannie Mae debt financings for affordable housing transactions. Mr. Hague has worked with and advised local housing authorities, non-profit developers and for-profit housing developers on capital structures and financings. Prior to joining RED, Mr. Hague worked as a Financial Analyst in National City's Commercial Banking Development Program. He received his Bachelor of Business Administration Degree from Ohio University where he majored in Accounting and Finance.

Michael R. Sturges, The Sturges Company
The Sturges Company ("TSC") was founded in 1985 to offer investment banking services to developers exclusively for affordable multifamily housing projects. The firm is the longest running investment bank with uninterrupted combinations with other firms or owners/partners providing such services in the country. TSC has closed over 275 affordable multifamily housing tax-exempt bond issues representing over $1.7B of par value of securities. Prior to founding TSC, Mike was one of three original partners in another Columbus Investment Bank for six years that provided similar services. He also served as a Tax Senior specializing in real estate taxation at Deloitte & Touche for four years. Mike holds both a master's degree in real estate & finance and an undergraduate degree in Accounting & Economics from The Ohio State University.


Room Number:

A110-A115


CEUs:

CPE, HCCP, RE