A critical need for many Maine communities involves the development of affordable housing. Jensen Baird’s Affordable Housing Development and Finance attorneys draw upon the firm’s extensive experience and knowledge in the areas of Land Use, Government Services, and Real Estate law to serve the needs of its clients.
Affordable Housing is a diverse area and our team of attorneys is skilled in helping our developer clients structure financing for projects utilizing federal and state tax credits, including low-income housing and historic tax credits, and federal and state grant and loan programs, as well as private sources of funding.
Experienced in engaging with a variety of stakeholders, our team of attorneys works harmoniously with developers, lenders, municipal staff, and consultants to efficiently and successfully navigate state and local laws, ordinances, and regulations to move a project from concept to occupancy. Our goal is to help clients achieve their objectives and we strive to provide the legal solutions that pave the best path forward for them.
For our lending clients, we routinely provide services related to construction, and construction-to-permanent loans, bridge loans, loans from municipal lenders and nonprofits under various federal, state, and local funding programs, tax-exempt bond financing, and New Markets Tax Credit leveraged loans.
Additionally, Jensen Baird’s attorneys are experienced in counseling clients in making equity investments in affordable housing projects, including structuring and negotiating limited partnership interests.