 

617 224 0606
jklein@kleinhornig.com

Low Income Housing Tax Credits
Historic Tax Credits
Housing Preservation
Cooperatives and Condominiums
Zoning and Land Use
Construction Contracts and Related Matters
New Markets Tax Credits
Jonathan Klein has been responsible for a wide variety of affordable housing transactions, including many dozens of tax credit projects in various states, creation and management of tax credit funds, 501(c)(3) and private activity bond transactions, cooperative and other resident controlled developments, expiring use projects under a variety of Federal programs, acquisition and redevelopment of distressed HUD projects, and HOPE VI / public housing redevelopment projects. Recently, Jonathan has represented charter schools and other nonprofit organizations in complex New Markets Tax Credit (NMTC) transactions.
Jonathan Klein returned to private practice in 2002 after serving as General Counsel and Senior Vice President of The Community Builders, a major national nonprofit developer, housing manager and service provider. Prior to joining The Community Builders, Jonathan was an attorney at the Boston firm of Brown Rudnick Freed and Gesmer, where his primary practice was in commercial real estate with a concentration on affordable housing and community development law.

Massachusetts

University
of Michigan Law School, JD, 1981, magna cum laude,
Order of the Coif
University
of Michigan College of Literature Science and the Arts,
BGS, 1974, high honors

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Counsel to a joint venture between a major private developer and sophisticated tenant organization in the $110 million acquisition, financing and redevelopment of a 500 unit affordable housing development utilizing low income housing tax credits and the first use of Treasury NIBP bonds in the state (2010) |
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Counsel to a major nonprofit developer in the financing and new construction of a 400+ unit redevelopment of a vacant, blighted area in a major city, including a 240-unit affordable rental phase which began construction in early 2011 and two subsequent mixed-income homeownership phases scheduled for 2012-2013 |
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Represent a Massachusetts bank lender in its complex affordable housing loans |
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Represented a for-profit/nonprofit joint venture in the 2010 acquisition and redevelopment of an 80-unit HUD 202 senior housing project, including the first 202 prepayment in the nation under the new authority provided in the 2009 Appropriations Act, with an innovative plan (requiring a significant HUD waiver) to convert HUD’s enhanced vouchers to a 15-year project based contract |
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Represented a local nonprofit organization in the acquisition and financing (in 1988 1989) of a 300+ unit expiring use project, utilizing a wraparound mortgage and low income housing tax credits, and in the investor buyout and conversion to a nonprofit owned development controlled by the residents in 2005 2007 |
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Counsel to a major regional nonprofit organization in the financing and syndication of various preservation projects between 2002-2010, including the redevelopment of the a 500+ unit mixed rental and ownership project utilizing low income housing tax credits, historic tax credits, tax exempt bonds and local gap funding |
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Federal counsel (with local counsel assistance) to a housing authority in a Midwestern state for its multi-phased $40+ million HOPE VI redevelopment of a distressed public housing project as mixed income, mixed financed housing (2003-2007), and for several subsequent mixed-finance developments (2008-2010) |
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Counsel to a resident cooperative corporation in connection with the development a 50 unit, resident controlled syndicated mixed income cooperative utilizing historic tax credits (1986), and the subsequent refinancing and transfer of the property to the resident cooperative (2004) |
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Counsel to several cohousing groups in Massachusetts in connection with all aspects the development of new construction cohousing communities |
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Counsel to a major regional nonprofit in connection with acquisition, financing and refinancing of a 100,000 square foot office building devoted solely to nonprofit tenants |
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Represented a YWCA in the financing and renovation of its historic headquarters as mixed income housing, nonprofit offices and retail / commercial space utilizing low income housing tax credits, historic tax credits, and a variety of public and private mortgage loans |
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Counsel to a charter school in financing the acquisition and expansion of its facilities with New Markets Tax Credits and Qualified Zone Academy Bonds
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“Nonprofit Guaranties in Tax Credit Transactions: A New Era,” with Roberta Rubin, Esquire, Journal of Affordable Housing and Community Development Law, Summer 2006 (following up on “Nonprofit Guaranties in Tax Credit Transactions,” with Roberta Rubin, Esquire, Journal of Affordable Housing and Community Development Law, Fall 1999)
“Tax Exemption for Organizations: Finally, Safe Harbor is Truly Safe,” with Jennifer Gilbert, Esquire, Journal of Affordable Housing and Community Development Law, Summer 1995
“The Low Income Housing Tax Credit: Federal Help for Low Income Housing,” with Lynn Wherli, Boston Bar Journal, July / August 1990 and Connecticut Real Estate Journal, October 1990
“Using the Low Income Tax Credit to Develop Cooperative Housing,” Cooperative Housing Bulletin, September / October 1990
“Legal Aspects of Cooperative Housing,” with John Achatz, Esquire, May, 1989 (published privately)

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Congregation Temple Beth Zion, Brookline, Massachusetts, President (current) |
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Lawyers’ Clearinghouse on Affordable Housing and Homelessness, a joint project of the Boston and Massachusetts Bar Associations, founding Steering Committee Member (1988 1994) and pro bono attorney (current) |
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Member, Campus Cooperative Hall of Fame (awarded by North American Students of Cooperation, 1997) |
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Association for Resident Control of Housing, Boston, Massachusetts, founding Director (1982 1994) and President (1988 1990), and recipient of Distinguished Cooperation Award (1999) |
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Urban Edge Housing Corporation, Finance Committee (2008-current) and member of Board of Directors (2002-2008) |
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