Carmody represents property owners and developers in all aspects of acquisition, development, financing and operation of multifamily housing, including senior housing and affordable housing. We are involved in the entire lifecycle of housing development from the early stages of property acquisition and planning through land use approvals, financing, construction, and sale or rent-up and management.
Our attorneys are experienced with the financing programs and regulatory requirements of the U.S. Department of Housing and Urban Development (HUD), the Connecticut Housing Finance Authority and other Connecticut agencies, and municipal governments. We have built and maintained strong relationships with members of the affordable housing development community at local, state and national levels.
Our representations frequently include closing equity investment transactions for low-income housing tax credits and state and federal historic preservation tax credits in addition to the closing of governmental financial assistance, tax-exempt bond loan, state agency financing, and commercial loan transactions. We also have experience with property tax abatements, state housing tax credits, energy efficiency financing, and other incentives for housing development.