The lawyers of Liles & Rushin, LLC, have been closing both debt and equity affordable housing transactions for over fifteen years. Transactions typically cover all areas of affordable housing, including construction financing, permanent financing, and tax credit investments for both new construction and rehabilitation. All types of debt and equity sources are routinely a part of these transactions: from conventional construction debt, low income housing tax credits, and historic credits, to permanent financing sources such as Fannie Mae and HUD.
Many projects also include governmentally sourced loans such as tax exempt bonds, HOME, CDBG, RD, and AHP funds.
Since its inception, the firm has handled hundreds of construction loan and tax credit equity projects in over sixteen states and its lawyers have handled many more prior to inception. In each of these states, our lawyers built relationships, not only with developers and investors, but also with local counsel and various housing finance authorities in order to better understand their rules, patterns, and practices. These relationships have proved invaluable in handling new issues as they arise and in being able to reach out to the decision makers at state agencies to get answers and solve problems.
In recent years, the firm has also been counsel to the seller in various pooled secondary sales of limited partner interests, providing not only due diligence assimilation and review, but also tax opinions.
Liles & Rushin, LLC, has the distinction of having closed the first TCAP and Section 1602 loans in Alabama, Tennessee, Georgia, and Louisiana. In other areas, our lawyers have handled a variety of real estate, tax, and commercial lending transactions of all sizes, including office developments, multifamily, manufacturing, and hospital developments.