Beacon Center, Washington DC

The Community Builders, INC.

Klein Hornig represented The Community Builders, Inc. and Emory Beacon of Light, Inc. on this mixed-use project that included a residential component, a New Market Tax Credit component, and a community facilities component on land owned by the Emory United Methodist Church in Washington, DC. The residential component will deliver 99 newly constructed units, eight of which will be permanent supportive housing. Funding sources totaling about $42M included LIHTC, tax-exempt bonds, a loan from the District of Columbia Department of Housing and Community Development, and a sponsor loan. The NMTC component will include the adaptive reuse of the historic church as sanctuary space, church offices, and offices and program space for Emory Beacon of Light’s homelessness and supportive services programs. It had a budget of about $9M and leveraged the ground rent paid to the Church by the residential component. And the community facilities component will include a training kitchen/restaurant and a gym and has a budget of $3.7M. In addition to structuring and closing on the complex financing structure, the Klein Hornig was critical to developing the legal and business framework for addressing intricate intercreditor, joint construction and joint ownership issues.

Jackson Square Redevelopment, Boston MA

Klein Hornig worked with Jackson Square Partners LLC, a joint venture of Urban Edge Development Corp., the Jamaica Plain Neighborhood Development Corp. and the Hyde Square Task Force, in connection with master planning and infrastructure development in the Jackson Square neighborhood of Boston, where the neighborhoods of Roxbury and Jamaica Plain converge.  We also represented the constituent developers and their development partners, advising on all aspects of their individual development projects.  The completed development includes over 400 residential units, 60,000 square feet of commercial space, and 60,000 square feet of community recreational space.

Georgia Commons, Washington DC

AHD, Inc.

AHD, Inc., a nonprofit developer in the Metropolitan DC area, partnered with The Jair Lynch Companies in a joint venture to develop this mixed-use, mixed-income community in Washington, DC.  Klein Hornig structured a multi-layered financing plan using $16.7 million of tax-exempt bond financing, a subordinate loan from the local housing authority, a partial tax exemption and tax abatement, and Federal LIHTC equity.  The completed project includes 130 mixed-income units built above a 28,000 square foot community health center.

Blessed Sacrament, Boston MA

Church Square Community Partners, LLC

The redevelopment of the 3.5 acre former Blessed Sacrament campus in the Jamaica Plain neighborhood of Boston was undertaken by a joint venture between the Jamaica Plain Neighborhood Development Corp. and New Atlantic Development Corp. following acquisition of the site from the Roman Catholic Archdiocese of Boston.  The mixed-use, mixed-income project has been financed with LIHTC equity (including TCAP and TCX) and NMTC equity, and required some creative problem solving by Klein Hornig attorneys in order to deal with the complex permitting and zoning issues.

Galaxy Apartments, Silver Spring MD

RST Development

Klein Hornig assisted RST Development finance and construct the Galaxy Apartments, a 195-unit mixed-income rental development located in Silver Spring, MD.  Using land owned by Montgomery County, our attorneys devised a condominium regime to allow the residential development to be built on top of a 160-space parking facility.  The project was funded using $40 million in tax-exempt bond financing through the New Issue Bond Program and a LIHTC equity investment, as well as subordinate financing and a PILOT agreement from the County.

Union Crossing, Lawrence MA

Lawrence CommunityWorks, Inc.

Union Crossing is the mixed-use redevelopment of a large mill building complex by Lawrence CommunityWorks, Inc. (LCW), a community development corporation and longstanding Klein Hornig client.  We helped LCW buy three buildings containing 250,000 square feet of space, subdivide and sell one building to a third party, and then use a condominium structure to develop 60 units of affordable rental housing and 125,000 square feet of commercial space.  These efforts spanned several years and required the use of over a dozen funding sources.

The Heights on Georgia Avenue, Washington DC

Neighborhood Development Company

Located in the rapidly revitalizing Georgia Avenue corridor of Washington, DC, The Heights on Georgia Avenue houses 69 units of affordable housing as well as ground floor retail space.  Klein Hornig structured distinct ownership of the residential and commercial spaces using air rights lots and a reciprocal easement agreement. The transaction also included closing the first Citibank, N.A. back-to-back tax-exempt loan in the DC area.