Terraces on Tulane, New Orleans LA

Volunteers of America National Service

Klein Hornig secured the country’s first HUD approval for a Section 318 (now Section 212) transfer of a Section 8 HAP contract to allow Volunteers of America National Service to replace an elderly housing project in New Orleans, LA, that had been destroyed by Hurricane Katrina.  The new 200-unit state-of-the-art independent senior living facility was financed with Low-Income Housing Tax Credits, a private commercial loan and a grant from the MLB Players Association.

Charlesview Apartments, Allston MA

The Community Builders, Inc.

Klein Hornig represented the partnership between The Community Builders, Inc., a major nonprofit developer based in Boston, and Charlesview, Inc., a church/synagogue-sponsored nonprofit which owned a 213-unit, 40-year-old subsidized project, in order to completely replace the prior development with a brand new, 340-unit mixed-income community a half mile away.  The project required a complex "land swap" with Harvard University, which needed the Charlesview land for its Allston campus expansion.  

Jordan Manor Apartments, Arlington VA

AHC, Inc.

AHC, Inc. turned to Klein Hornig to assist with the tax credit financing of the redevelopment of Jordan Manor from a 28-unit building in Arlington, VA, into 90 units of affordable rental housing.  The project, which is now known as The Jordan, was part of a 4.8 acre mixed-use redevelopment project that included a 10-story office building. Project financing included 9% tax credits, conventional debt, and special financing under the American Reinvestment and Recovery Act.

Saint Polycarp, Somerville MA

Somerville Community Corporation

Saint Polycarp Village is a multi-phased mixed-use redevelopment of the former St. Polycarp Catholic Parish, developed by the Somerville Community Corporation (SCC), which purchased the closed parish site from the Archdiocese of Boston in March 2006. The complete redevelopment of the site included the preservation of the Saint Polycarp Church (for use as a church) and two other buildings on the site, and the new construction of 84 tax credit rental units (in 3 phases), neighborhood retail and significant open space. Klein Hornig advised SCC on all aspects of this complex redevelopment.

Fort View and Webster Gardens, Washington DC

Somerset Development Company

Somerset Development Company entered into a joint venture with THC Affordable Housing to rehabilitate Webster Gardens, a severely deteriorated historic apartment complex in Washington, DC.  Klein Hornig attorneys structured and closed a many-layered financing plan using New Issue Bonds and LIHTC equity.  The 52-unit finished project has received numerous awards, including the 2011 Development of Distinction Award from the Novogradac Journal of Tax Credits and the 2012 District of Columbia Award for Excellence in Historic Preservation from the DC Office of Planning.

Olmsted Green, Boston MA

Lena Park CDC and New Boston Development

Klein Hornig represented the joint venture of Lena Park Community Development Corporation and New Boston Development in connection with three phases of tax credit rental housing built on the sprawling site of a former state hospital at the juncture of the Mattapan and Dorchester neighborhoods of Boston, MA.  The full Olmsted Green project, which includes several homeownership phases and infrastructure development in addition to the 151 units constructed in the rental phases, has created a vibrant new neighborhood on a formerly desolate site.